The federal government has abolished the 18% sales tax on the shipping industry in the 2026-27 budget, a move hailed by Federal Minister for Maritime Affairs as a major boost for maritime and logistics sectors.
The federal budget for FY2026-27 creates a supportive environment for gold on PMEX due to higher fuel levies, inflation, rupee vulnerability, and tax changes, making gold a key safe-haven asset.
The Pakistan Stock Exchange (PSX) gained 1.13% week-on-week to close at 172,400 points, recovering after a volatile week that saw it slip below 170,000 points briefly, driven by eased US-Iran tensions and improved investor sentiment.
Pakistan Business Forum and Salt Manufacturers Association criticize federal budget 2026-27 for lacking transformative measures to boost exports, industry, and agriculture, while noting some tax relief.
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SM Tanveer, UBG Patron-in-Chief, praises federal budget 2026-27 as growth-oriented, citing tax cuts, real estate relief, and export incentives key to reviving Pakistan's economy.
Indian pollution regulator alleges Tata Electronics' iPhone component factory contaminated groundwater, threatens shutdown unless explanation is satisfactory.
The federal government has formed two anomaly committees to resolve business and technical ambiguities in the Finance Bill 2026. Javed Qureshi and Muhammad Raza will lead the committees, which must submit recommendations by June 20, 2026.
The US Justice Department approved Paramount Skydance's $111 billion takeover of Warner Bros. Discovery without conditions, citing no harm to competition. The deal faces potential state antitrust lawsuits.
Gold prices in Pakistan rose sharply on Friday, with 24k gold per tola increasing by Rs 4,370 to Rs 444,336, following international trends. Silver also gained.
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SM Tanveer, UBG Patron-in-Chief, welcomes Federal Budget 2026-27, citing tax relief, real estate incentives, and export support as key to accelerating economic recovery and investment.
Sindh and Balochistan face catastrophic water shortages in June 2026, with IRSA accused of manufacturing scarcity through flawed accounting. Guddu Barrage sees 47% deficit, Kotri 62%. Sindh demands equity under 1991 Water Accord.
Finance Minister announces complete removal of 18% sales tax on sanitary pads and contraceptives, a win for menstrual equity after years of activism.
Indian pollution regulator alleges Tata Electronics' iPhone component factory contaminated groundwater near farms, warns of shutdown unless Tata explains.
SIDA Chairman Qabool Mohammad Khatian accuses IRSA of reducing Sindh's irrigation water share by 45%, demands removal of IRSA chairman, warns of agricultural collapse and $4.5 billion export loss.
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The federal government has adjusted petroleum levies and charges on fuel products, reducing petrol levy by Rs9.34 and increasing diesel levy by Rs8.67 per litre.
Weather authorities predict dust storms and rain in Punjab, including Lahore, as a weak weather system brings relief from extreme heat. PDMA issues alert for strong winds, rain, and hailstorms.
Finance Minister Aurangzeb presents Rs18.8tr budget, abolishing advance tax for exporters, reducing raw material duties, and targeting economic growth with foreign loans.
A powerful dust storm and rainfall swept across Lahore on Friday night, providing relief from intense heat but causing power outages in several areas as LESCO feeders tripped.
Punjab CM Maryam Nawaz congratulates PM Shehbaz Sharif on the federal budget, calling it a people-friendly, welfare-oriented package ensuring economic stability benefits reach the public.
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Analyzing Pakistan's Budget 2026-27 through the lens of UDHR Article 29(1) and constitutional duties, revealing inequitable taxation and underinvestment in education and health.
Islamabad Traffic Police processed over 160,000 driving licence applications and took legal action against more than 300,000 traffic violators in the last six months to improve road safety.
A seminar in Rawat on International Day against Child Labour emphasized protecting children from exploitation, with speakers highlighting Punjab government initiatives like the Child Referral System and new laws.
ILO Pakistan's Syed Saghir Bukhari stresses awareness, enforcement, and collective action to tackle child labour, calling for stronger social protection and responsible business practices.
A criminal case has been registered against a police constable in Rawalpindi after a drug peddler escaped from his custody at the district courts. The constable's negligence is cited.
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The Sarhad Chamber of Commerce criticizes the federal budget for lacking business relief, setting unrealistic revenue and growth targets, and ignoring KP's economic needs.
Shangla district imposes a complete fishing ban until September 1, enforcing Section 144 to protect indigenous fish during breeding season, with strict penalties for violators.
Tanzeem-e-Asateza Pakistan urges 100% increase in salaries and pensions for teachers and public sector employees in upcoming federal budget, citing soaring inflation.
Consumer Protection Court Swat orders restriction on heavy vehicles exceeding 12 tonnes on Khwazakhela-Alpurai Bisham Road, citing public safety and infrastructure damage.
PAC-II of Punjab Assembly reveals financial and administrative irregularities during PTI tenure, especially COVID-19. Committee orders expedited recoveries and compliance.
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At least five people died and 23 were injured in rain and windstorm-related incidents across Punjab in 24 hours, including lightning strikes, tree falls, and electrocution.
