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Prime Minister Shehbaz Sharif was briefed that stronger action against the cigarette sector could generate an extra Rs40 billion in tax revenue. The government is also preparing automated and AI-supported tax reforms, beginning with a pilot model in Islamabad.
Pakistani exporters say a proposed additional 10 percent US duty may not immediately disrupt shipments, but prolonged tariffs could hurt competitiveness. The concern comes as textile exporters already face high production costs and pressure from cheaper regional rivals.
The Pakistan Stock Exchange fell as investors turned cautious amid deepening Middle East uncertainty and weak market triggers. The KSE-100 lost 831 points while heavyweight stocks dragged the index lower despite stable trading volumes.
The federal government has ordered action against underperforming power distribution officials over delayed electricity complaint resolution. Pesco and Sepco have already suspended officers, while other Discos have been directed to begin similar disciplinary proceedings.
The federal government has notified revised austerity timings, ordering shops, markets and malls to close at 9pm nationwide. Restaurants may operate until 11pm, while essential services and delivery operations remain exempt.
The United States has proposed new import duties on 60 economies, including Pakistan, over concerns linked to forced labour enforcement. The plan could affect Pakistani exports if finalised after public comments and hearings.
Pakistan’s electricity consumers may face a Rs1.74 per unit increase in June bills after CPPA sought recovery of higher fuel costs. Nepra also asked K-Electric for a report over complaints of excessive loadshedding in Karachi.
Pakistan has approved a 4% economic growth target for FY2026-27 as inflation, imports and external financing pressures remain key concerns. The framework projects higher imports, a wider trade deficit and around two million new jobs, while officials stress export-led growth over debt-driven expansion.
Islamabad has restored early market closure timings, requiring shops and malls to shut by 8pm while food-related businesses and event venues follow separate 10pm limits. Traders in the twin cities say the restrictions could affect evening business and are calling for reconsideration.
Pakistan has set a 4 percent growth target for FY2026–27 as its macroeconomic framework moves to the National Economic Council for approval. The plan also targets 8.2 percent inflation and around two million new jobs across services, industry and agriculture.
South Air plans to launch flight operations to Dera Ismail Khan and Chitral as part of a wider expansion into Khyber Pakhtunkhwa. The airline also aims to connect Peshawar with Karachi, Lahore and Quetta, potentially improving tourism, business and regional access.
Pakistan and the IMF have reportedly agreed on key budget targets for FY2026-27, with the federal budget expected to be close to Rs18 trillion. Talks are still continuing on relief for salaried taxpayers and new taxation measures.
