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Punjab plans to establish an FBR-style revenue authority to bring provincial tax streams under one structure. The reform is part of the FY2026-27 budget strategy aimed at boosting collections, digitising systems and improving fiscal management.
Prime Minister Shehbaz Sharif says the United States and Iran have electronically signed an Islamabad-brokered memorandum to ease regional tensions. The deal is expected to reopen the Strait of Hormuz and lift US blockade measures, carrying major economic and diplomatic implications for Pakistan.
Pakistan’s National Assembly budget debate turned chaotic as PML-N, PTI and other lawmakers clashed during proceedings on Budget 2026-27. The government is racing to complete the finance bill process before Ashura holidays, while opposition parties continue to challenge both the budget and the ruling coalition’s conduct.
A senior US official has unveiled a 14-point Islamabad Memorandum of Understanding between the US and Iran to halt the conflict and reopen the Strait of Hormuz. The interim deal includes a 60-day negotiation window, sanctions-related provisions, maritime commitments and major implications for Pakistan’s diplomacy and economy.
The autopsy report of nine-year-old Hania Ahmed, killed during a CCD shooting in Chakwal, has confirmed multiple firearm injuries. The case has intensified demands for accountability, with the family accusing officials of excessive force and CCD leadership promising a transparent inquiry.
FBR Chairman Rashid Mahmood Langrial has revealed that 9,000 Pakistanis with around Rs750 billion in bank accounts paid no income tax. The tax authority says data analysis has exposed serious underreporting and that work has begun on a faceless tax system to improve enforcement.
Pakistan has extended its airspace ban on Indian civilian and military aircraft until July 24, according to a fresh PAA notice. The restriction applies to Indian-registered and India-operated aircraft across Karachi and Lahore flight information regions amid continuing Pakistan-India tensions.
Pakistan is moving toward an AI-powered monitoring system to connect federal ministries with the Prime Minister’s Office for real-time oversight. Officials say the PMOS platform and a sovereign GPT-based research tool could improve coordination, accountability and government efficiency.
TTAP has rejected PTI claims that the party was not informed about a proposed 10,000-strong protest outside Adiala jail. The dispute has exposed coordination gaps within the opposition alliance over mobilisation linked to Imran Khan’s imprisonment.
PPP Senator Rana Mahmoodul Hassan revived the demand for a separate South Punjab province during the Senate budget debate. He called for separate institutions, development rights and NFC share, while the session also featured sharp criticism over IPPs, solar policy and economic management.
Nawaz Sharif has urged protesters in Azad Jammu and Kashmir to end sit-ins and resolve their demands through meaningful dialogue. His appeal comes amid continuing unrest, economic grievances and political uncertainty ahead of the AJK elections scheduled for next month.
The PMD has forecast drizzle, light showers and dusty winds in Karachi through Friday as a westerly system affects Sindh. Northern districts of the province may see thunderstorms, moderate rain and strong winds until June 20.
