Beyond The Time News

Pakistan Cuts Inflation-Relief Subsidy Budget by 8% for FY 2026-27 Amid Fiscal Tightening

Islamabad: The federal government has reduced its overall subsidy allocation by 8% for the upcoming fiscal year 2026-27, scaling back financial support across multiple sectors despite continued pressure from inflation and rising energy costs. The total subsidy budget has been set at Rs1.091 trillion, down from Rs1.186 trillion in the outgoing fiscal year. According to…

PTI Slams Federal Budget 2026-27 as ‘Pro-Rich and Anti-Poor’, Demands Relief for Common Citizens

Islamabad: Pakistan Tehreek-e-Insaf (PTI) has strongly rejected the federal budget for fiscal year 2026-27, criticizing the government’s financial plan as one that favors affluent segments of society while placing additional economic pressure on ordinary citizens and taxpayers. According to Beyond Time News, PTI leaders described the budget as disappointing, alleging that it fails to address…

US-Iran Peace Agreement Nears as Tensions Persist Around Strait of Hormuz

Tehran: Diplomatic efforts to end months of escalating hostilities between Iran and the United States appear to be entering a decisive phase, with officials from both countries indicating that a preliminary peace agreement could be finalized within days. The development comes amid renewed military activity near the strategically vital Strait of Hormuz, underscoring the fragile…

ICCI Welcomes Business-Friendly Measures in Federal Budget 2026-27, Calls for Deeper Reforms

Islamabad: The Islamabad Chamber of Commerce and Industry (ICCI) has welcomed several pro-business initiatives announced in the Federal Budget 2026-27, while urging the government to pursue broader structural reforms, tax rationalization, and policies aimed at achieving sustainable economic growth. Speaking at a press conference, ICCI President Sardar Tahir Mahmood praised the government’s efforts to maintain…

Ishaq Dar, Swiss Foreign Minister Discuss Regional Developments and Diplomatic Efforts

Islamabad: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar held a telephone conversation with Swiss Foreign Minister Ignazio Cassis on Friday, during which the two leaders discussed the evolving regional situation and ongoing diplomatic efforts aimed at promoting peace and stability. The discussion focused on recent developments in the region, with both sides expressing…

Pakistan’s Tax Expenditure Falls to Rs2.35 Trillion as Government Tightens Exemptions

Islamabad: Pakistan’s annual tax expenditure declined for the first time in several years, falling to Rs2.35 trillion during the current fiscal year as the government continued efforts to reduce tax exemptions and broaden the revenue base. The reduction, highlighted in the Economic Survey of Pakistan 2026, reflects ongoing fiscal reforms and commitments aimed at improving…

Pakistan Army Wins Overall Championship at International Pace Sticking Competition 2026 in UK

Islamabad: The Pakistan Army has achieved a major international milestone by securing first position at the prestigious International Pace Sticking Competition 2026, held at the Royal Military Academy Sandhurst in the United Kingdom. The victory highlights the professional excellence and training standards of Pakistan’s armed forces, as the Pakistan Military Academy (PMA) team outperformed military…