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HeadlinesPunjab moves to stabilise flour prices through large-scale wheat procurement while Sindh says there is no wheat shortage and warns of action against hoarders
HeadlinesProposals include 20% rate on monthly income up to Rs267,000, 25% up to Rs341,000, 29% up to Rs467,000, new 32% slab up to Rs583,000 and 35% on higher earnings
Existing 1% tax on locally assembled electric vehicles and 8.5% to 12.75% rates on hybrids expire on June 30
Centre cuts PSDP by Rs126 billion as provinces trim development spending by Rs350 billion, creating nearly Rs500 billion in fiscal space; ruling coalition agreement clears way for budget presentation on June 12
World Business NewsA Texas refinery startup reportedly tied to Trump Jr. secured $100M+ from Reliance Industries. ProPublica links the deal to shifting US-India policy as tariffs eased and licences waivers expanded.
HeadlinesHundreds of LPG trucks remain stranded for 10 to 15 days as rice and mango shipments face spoilage risk, GCCI says
HeadlinesBudget due June 16 with no new taxes, Rs1.45 trillion development outlay and Rs100 billion package for businesses and industry, says provincial finance minister
HeadlinesFinance Bill may introduce Rs1 trillion in tax and enforcement measures; proposals include excise duty on naphtha and penalties for non-compliance with digital monitoring requirements
Proposed contributions include Rs650 billion from Punjab, Rs300 billion from Sindh, Rs180 billion from Khyber Pakhtunkhwa and Rs110 billion from Balochistan
HeadlinesWar-linked uncertainty in Gulf countries prompts some overseas Pakistanis to repatriate funds, but Rs5 million remittance cap hinders larger transfers
HeadlinesAirline says it has invested about $600 million in the project; Defence Ministry raises concerns over Malta- and Italy-linked aircraft and pilots, seeks stronger oversight mechanisms
HeadlinesAzam Nazeer Tarar, Muhammad Ali and Privatisation Commission officials tell committee existing conversion law must be withdrawn before transaction proceeds