Pakistan's Fiscal Crisis: Tax Real Estate, Agriculture, Retail
Pakistan's budget ritual fails to address untapped sectors like real estate, agriculture, and retail, which could end fiscal deficits without burdening the poor.
Pakistan's budget ritual fails to address untapped sectors like real estate, agriculture, and retail, which could end fiscal deficits without burdening the poor.
Pakistan's FY2026-27 budget focuses on fiscal consolidation to reassure lenders, with ambitious revenue targets, debt servicing consuming 69% of net federal revenue, and limited development spending.
Analysis of Pakistan's 2026-27 budget reveals an extractive state taxing businesses excessively while failing to deliver public goods, threatening long-term growth and investment.
Acid attack survivors face severe psychological trauma beyond physical injuries. Despite strict laws, around 200 attacks occur yearly in Pakistan, highlighting the need for stronger enforcement and support systems.
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RecommendedPakistani sailors remain captive after 50 days off Somalia. The shipping company's use of a third-party negotiator has stalled talks, as pirates demand direct engagement. Urgent diplomatic action is needed.
UN Secretary General Antonio Guterres condemns Israeli strikes on Beirut during ceasefire negotiations between the US and Iran, urging restraint and a diplomatic solution.
PPP AJK calls for withdrawal of election schedule for 12 migrant seats, citing timing inappropriate ahead of JAAC protests, and urges dialogue to resolve tensions.
Nine-year-old Hania Adeel, an Australian citizen, was fatally shot by Crime Control Department officers in Chakwal, Punjab, who mistook the family car for fleeing robbers. The family had just completed Hajj.
British commandos boarded a Russian shadow fleet oil tanker in the English Channel, aiming to disrupt oil revenue funding Russia's war in Ukraine. The operation involved Royal Marines, NCA, and military aircraft.
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RecommendedIsraeli forces killed six Palestinians, including a child, and injured several others in Gaza on Sunday, violating the ceasefire. Four died in Jabalia refugee camp. Over 986 have been killed since the truce began.
Switzerland voted against a proposal to cap its population at 10 million, with 55% opposing, prioritizing EU ties and economic stability over immigration concerns.
Federal Minister Attaullah Tarar stated that the government has achieved macroeconomic stability and provided substantial relief to the salaried class in the budget, urging opposition to acknowledge positive measures.
Punjab Housing Minister Bilal Yasin reviewed security and administrative arrangements for Muharram processions in Lahore, directing coordinated efforts to ensure peace and safety across the provincial capital.
Hafiz Naeemur Rehman rejects federal budget, announces nationwide protest, criticizes taxation, PDL, IPP payments, and rising debt.
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RecommendedIsrael struck Beirut's southern suburbs for the second time in a week, responding to Hezbollah fire. The escalation continues despite potential US-Iran deal, with Lebanon reporting multiple strikes.
The Diplomat warns that terrorist groups in Afghanistan pose a serious threat to the region. Despite evidence, the world has failed to act effectively. Women's rights remain limited.
Deputy PM Ishaq Dar and Turkish FM Hakan Fidan discussed US-Iran developments, welcomed progress toward reconciliation, and agreed to maintain close regional coordination.
CSS 2025 results show 2.67% success rate. Female candidates likely outnumber males. Calls for reform of Pakistan's generalist civil service model to meet modern challenges.
Two Israeli ministers demand airstrikes on Beirut's southern suburbs after a drone attack from Lebanon, despite a fragile ceasefire that has failed to halt violence.
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RecommendedPPP Chairman Bilawal Bhutto Zardari appeals for peaceful end to AJK protests, warns instability could be exploited by hostile elements, urges dialogue and constitutional resolution.
PTI Chairman Barrister Gohar Ali Khan criticised the 2026-27 federal budget for failing to provide relief, citing increased costs and lack of reforms.
Former PM Shahid Khaqan Abbasi criticizes the government's reliance on indirect taxes, warning that rising debt of Rs85 trillion threatens economic stability and calling for structural reforms.
Minister Attaullah Tarar defends federal budget 2026-27 as relief-oriented, highlighting tax exemptions, incentives for exporters, and economic recovery. He urges opposition to acknowledge positive measures.
PPP Chairman Bilawal Bhutto Zardari appeals for peaceful conclusion of AJK protests, warns unrest damages Kashmir cause and Pakistan's reputation, and calls for democratic resolution.
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RecommendedInformation Minister Attaullah Tarar defended the federal budget as a 'relief budget' in the National Assembly, citing Rs800 billion revenue recovery and relief for salaried class, while PPP MNA criticized tax targets.
Hot and dry weather continues in most parts of Pakistan. Rain with wind and thunderstorms likely in Gilgit-Baltistan, upper Khyber Pakhtunkhwa, Kashmir, and nearby hills.
Deputy PM Ishaq Dar held phone calls with Turkish and Egyptian foreign ministers, discussing regional developments and progress towards a US-Iran understanding, expressing hope for lasting peace.
PML-N leader Khawaja Saad Rafique stated that after Gilgit-Baltistan elections, PML-N leadership contacted PPP to offer support for government formation, dismissing criticism against his party.
Israeli Finance Minister Smotrich demands destruction of 10 Beirut buildings for each rocket from Lebanon. US and Iran inch closer to deal amid ongoing clashes.
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RecommendedPresident Trump's surprise demand for Muslim nations to join the Abraham Accords as a condition for an Iran deal has bewildered allies, drawn criticism, and highlighted the polarizing nature of his foreign policy approach.