HeadlinesIn Pakistan’s National Assembly budget debate, Information Minister Attaullah Tarar defended the plan as a reform-led relief budget, citing Rs800bn recoveries and expanded tax breaks for the salaried class amid opposition concerns over inflation and revenue targets.
HeadlinesPunjab’s excise and taxation department struggles to meet its FY2025-26 property tax target despite revised valuations and enforcement. Officials seal 362 properties and recover Rs9.3m, with Zone-IV leading as staff remain on recovery duty until June 30.
HeadlinesThe Cabinet Committee on Privatisation reviewed progress on the steps needed for the first closing of Pakistan International Airlines’ divestment and made decisions to move the sale forward.
HeadlinesThe Pakistan Textile Council praised Finance Bill 2026-27 for abolishing super tax on exporters, cutting export levies and reshaping tax slabs, and urged further tax relief to boost export competitiveness.
HeadlinesBudget 2026-27 proposes cutting withholding tax on international credit and debit card transactions via Pakistani cards from 5% to 0.5%, aiming to curb informal overseas transfers and boost formal digital payments.
Myco Holdings has led a pre-seed investment in BuyPass to scale Pakistan’s live video commerce model. The platform already tops 1M app downloads and nearly 500K monthly active users.
HeadlinesAhead of Pakistan’s FY2026-27 budget, PM Shehbaz Sharif cites falling inflation, lower borrowing costs and a return to growth after stabilisation, as GDP growth reaches 3.7%.
HeadlinesPakistan’s poverty rate climbed to 28.9% in 2024–25, reversing earlier gains despite macroeconomic stabilisation. The survey cites inflation, currency pressure, floods and weaker real incomes—along with widening inequality and high rural poverty.
HeadlinesPakistan’s foreign exchange reserves held by the State Bank of Pakistan rose $25 million to $17.215 billion for the week ended June 5, 2026. Total liquid reserves reached $22.67 billion.
HeadlinesPakistan’s unemployment rate climbed to 7.1% in 2024–25 as the labor force grew to 179.6 million. Employment rose, but unemployment also increased to 5.9 million, while participation improved.
HeadlinesPrime Minister Shehbaz Sharif ordered banks and authorities to speed up Apna Ghar housing approvals after loans reached Rs11 billion. He directed simplified procedures, 15-day processing, and district facilitation for applicants.
HeadlinesPM Shehbaz Sharif approved a reform roadmap for Pakistan Railways, prioritising freight, network modernisation, digitisation and governance. The plan targets higher capacity, upgraded corridors and private sector investment via PPPs.