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President Zardari gives assent to finance bill outlining Rs18.8tr budget for FY2026-27

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President Asif Ali Zardari gave his assent on Friday to the Finance Bill, 2026, which outlines the budget for the upcoming fiscal year with an outlay of Rs17.5718.8 trillion.

“President Asif Ali Zardari has assented to the Finance Bill, 2026, relating to the federal budget for fiscal year 2026-27,” a post on the Presidency’s X account said.

Finance Minister Muhammad Aurangzeb presented the FY2026-27 budget in the National Assembly (NA) on June 12, offering relief to higher-income salaried individuals and businesses by rationalising income tax, sales tax, and customs duties, while promoting documentation, digital compliance, and investment.

The NA passed the budget on Tuesday after the opposition staged a walkout. The House approved the budget after all seven amendments moved by opposition members were rejected by a majority vote. However, the finance bill included amendments suggested by the National Assembly Standing Committee on Finance.

Some of the key changes made to the bill since its introduction in parliament included the abolition of duties on mineral water or hydration drinks, sales tax exemption for local airlines on the import or lease of aircrafts, and an amendment to the duties imposed on electric cars or SUVs imported into the country.

The government did away with the proposed 20 per cent Federal Excise Duty (FED) on mineral waters, aerated waters, hydration drinks or electrolyte beverages with artificial sweetener or sugar content below 5g/100 ml.

Previously, all kinds of mineral waters, aerated waters, hydration drinks or electrolyte beverages were subjected to 20pc FED, irrespective of the artificial sweetener or sugar content.

The budget draft also included permission for all airlines operating in the country to avail sales tax exemption on the import or lease of aircrafts and their parts from July 1, 2027, which was only granted to PIA in the original bill.

It also showed that excise duty on imported electric cars would be calculated based on their values, to be calculated US dollars.

No FED will be applicable on electric cars and electric SUVs, imported in Completely Built-Up (CBU) condition with a value not exceeding $75,000, as determined under section 25 of the Customs Act, 1969.

Meanwhile, 30pc excise duty would be applicable on electric cars and electric SUVs valued between $75,000 and $110,000, while those whose value exceeds $110,000 would face 40pc excise duty.

Meanwhile, the Device Identification, Regist­ration and Blocking System (DIRBS) tax on imported phones will now be paid in instalments, but all instalments have to be paid before the end of the financial year in which the import is made.

The legislation approved also revealed that persons having turnover up to Rs200 million may opt out of the fixed tax regime, subject to a final and irrevocable certificate filed with the Tax Commissioner before filing their returns for the tax year 2027.

The minimum rate of value addition tax shall be one per cent in the case of import of coal, subject to the conditions that such imported coal is exclusively and directly supplied to Independent Power Producers.

Under the new budget, income tax exemptions wou­ld be available on any income derived by a private equity and venture capital fund registered under Private Funds Regulations, 2015.

This will be applicable where not less than 90pc of the accounting income of that year, as reduced by accumulated losses and unrealised capital gains, is distributed by the private equity and venture capital fund to its unit or certificate holders or shareholders.

This exemption will not be available if the private equity and venture capital fund is established to acquire a public listed company, whose status has not been changed to pri­­vate limited company on the acquisition.

In addition, the legislation says that for steel melters, re-rollers and composite units, tax will be collected on the basis of per unit electricity consumed, including use of electricity produced by a captive power plant or through any other alternative source of energy at the rate or rates as prescribed by FBR.

The tax so collected shall be an adjustable input tax, to be claimed in the return of the month in which such payment is made. The per unit sales tax shall be determined by the FBR on the basis of minimum notified price and the industrial benchmarks of consumption of electricity against per ton production of steel products.

Climate Change Fueling Europe’s Ferocious Heat Wave, Scientists Find

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A scientific analysis concluded that such high temperatures, across so much of the continent, would “not have been possible” without global warming.

Zelensky Steps Up Threats Against Belarus for Aiding Drone Attacks

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Ukrainian officials say their northern neighbor is allowing its radio relay stations to be used to guide Russian attack drones more precisely.

Metro, speedo, e-buses to remain off the road today

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LAHORE – Metro bus service, electric buses, speedo bus service will remain closed on 9th and 10th Muharram across Punja. According to Punjab Mass Transit Authority, metro, electric and speedo bus services have been closed due to security concerns. Services will remain suspended in Lahore, Multan and Rawalpindi. Meanwhile, City Traffic Police Lahore (CTPL) has issued a traffic advisory for the 9th Muharram mourning procession scheduled to proceed from Islam Pura to Khaima-e-Sadaat via Pando Street. Chief Traffic Officer (CTO) Syed Abdul Raheem Shirazi said that all necessary arrangements had been completed to ensure smooth traffic flow and facilitate mourners during the procession. He said SP City Maqsood Lone would supervise the traffic arrangements, while special measures had been taken to keep routes clear for emergency vehicles throughout the procession. The CTO said traffic diversions would remain temporary and roads would be reopened immediately after the passage of the procession. “Traffic at diversion points would only be stopped for a short time and restored as soon as the procession moves forward,” he added. According to the traffic advisory, traffic coming from Chowk Civil Secretariat towards Islam Pura would not be allowed, while all kinds of traffic from Sanda Road towards Pando Street will remain restricted. Similarly, traffic from Chowk Sanda Khurd via Haider Road towards Neeli Bar, as well as traffic approaching from Last Bus Stop and Sanda Road towards Noori Building, would not be permitted during the procession. Restrictions would also remain in place from Neeli Bar Turn towards Neeli Bar Chowk, Chowk Tollinton Market towards Old Anarkali, Baba Mauj Darya towards Khaima-e-Sadaat, and from Jain Mandar Chowk towards Edward Road and Khaima-e-Sadaat. Traffic from Farid Kot Road towards Jain Mandar and Khaima-e-Sadaat, as well as from Jain Mandar Chowk towards Old Anarkali, would also be diverted. The CTO said alternative routes had been designated to minimise inconvenience to commuters. Traffic from Last Bus Stop would be diverted through Sanda, Firdous Cinema, Sanda Road and MAO College, while vehicles from MAO College and Sanda Road would be able to access Sanda through Last Bus Stop. Traffic coming from Azadi Flyover would be diverted at District Courts Chowk towards the G.C. College roundabout, while heavy traffic from Ferozepur Road would be diverted from LOS Chowk towards Ganda Nala. Likewise, traffic approaching from Multan Road would be diverted from Samanabad Mor towards Double Roads and Ring Road. Shirazi urged citizens to cooperate with traffic wardens, follow the advisory and use alternative routes to avoid inconvenience. He said no diversion would remain permanent and traffic would be managed according to the movement of the procession. The restricted areas include Pando Street Islam Pura, Block Sadaan Islam Pura, Main Bazaar, Chishtia High School Road, Haider Road, Civil Secretariat Chowk, Nabha Road, Church Road, Edward Road, Khaima-e-Sadaat, Jain Mandar Chowk, McLeod Road and Old Anarkali.

Mourners observe Ashura amid elaborate security arrangements

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Elaborate security arrangements have been made countrywide today as scores of mourners take out Muharram 10 processions in observance of Yaum-i-Ashura.

Yaum-i-Ashura is observed every year with mourning processions and religious gatherings to commemorate the martyrdom of Imam Husain (RA) and his companions in the Battle of Karbala in 680AD.

The central procession in Karachi departed from Nishtar Park at around 9:30am. It will conclude at Imambargah Hussainia Iranian after passing through its traditional routes.

In Hyderabad, the central procession emerged from Qadam Gah Maula Ali off Station Road and will culimate at Karbala Dadan Shah.

Meanwhile, 12 processions are planned for Peshawar. Among them, the first one departed Imambargah Agha Syed Ali Shah near Meena Bazaar at around 11am. The remaining are schedule to depart from various locations at varying times between 12pm and 3pm.

No procession would be taken out in Islamabad, but the main procession in Rawalpindi was planned to be taken out from Imambargah Ashiq Hussain in Taili Mohallah and culminate at Imambargah Qadeemi.

In Lahore, the central procession emerged from Nisar Haveli.

Meanwhile, commuters in various cities have been advised to take alternative routes, in line with traffic plans devised in view of closure of roads while the processions are held. Elaborate security arrangements are also in place to ensure mourners’ security.

Karachi

Karachi police chief Azad Khan said on Thursday that mobile phone and internet services would likely be suspended along the route of the main procession today. He said around 6,500 policemen would be deployed to secure the main procession, while the overall deployment across the city would stand at 20,000 personnel.

Earlier, traffic police shared a plan for alternative routes for commuters. “Due to security reasons, M.A. Jinnah Road will be closed to traffic from Gurumandir to Tower,” the traffic police’s statement said.

Sindh CM Murad Ali Shah joined a mourning procession on Friday, where he said while speaking to the media that 60,000 police and Rangers personnel had been deployed for the processions’ security in Sindh, where over 1,600 processions are taken out in Muharram.

Rawalpindi

Security arrangements have also been put in place in Rawalpindi, with the deployment of five Army companies, seven Rangers companies and thousands of police personnel.

On the recommendation of intelligence agencies, the Punjab government has suspended the Metro Bus Service between Rawalpindi and Islamabad as officials said the mourning procession would pass along Murree Road from Bhabra Bazaar to Committee Chowk beneath the metro track, giving rise to security concerns.

Two video monitoring control rooms, one at the Punjab Safe Cities Authority and another at the Rawalpindi Municipal Corporation, will monitor the processions, gatherings and sensitive locations.

Section 144 has also been imposed in the Rawalpindi district, and Rawalpindi police said more than 8,000 personnel would perform security duties during Muharram, including 5,500 deployed for the main Ashura procession.

According to a police spokesman, roads and streets along procession routes have been sealed, snipers have been deployed on rooftops, and participants would undergo body searches before entering processions.

More than 2,000 Safe City and other CCTV cameras are monitoring the city, with surveillance continuing from Safe City and the central control room. Special pickets have also been established at entry and exit points of the city.

Police have also developed a mobile application for the identification and scanning of identity cards at pickets and bus terminals.

A total of 475 processions and 2,201 majalis are scheduled to be held across the Rawalpindi district during Muharram.

Punjab

In Punjab, medical and emergency services, including Rescue 1122, Civil Defence personnel, mobile health units, field hospitals and volunteers, have been deployed to assist mourners, officials said,

Sanitation workers have also been assigned to ensure cleanliness along procession routes and around religious sites.

A three-tier security plan has been implemented province-wide, under which more than 125,000 police personnel have been deployed while 61 companies of the Pakistan Army and 76 companies of Rangers have been requisitioned to support security arrangements.

In addition, over 30,000 trained volunteers are assisting law-enforcement agencies.

The authorities are using modern surveillance technologies, including artificial intelligence-based monitoring systems, CCTV cameras, body-worn cameras and geo-tagged video monitoring.

The Provincial Intelligence Centre is also conducting round-the-clock monitoring of processions and majalis through a digital surveillance wall.

Over 5,600 CCTV cameras are operational for Muharram monitoring, while more than 1,000 4G event cameras have been installed at sensitive locations.

A statement issued by the Punjab Home Department said mobile phone services would be partially suspended in 24 districts of Punjab, namely Rawalpindi, Attock, Chakwal, Sargodha, Khushab, Bhakkar, Hafizabad, Gujrat, Narowal, Faisalabad, Toba Tek Singh, Jhang, Chiniot, Multan, Sahiwal, Okara, Pakpattan, Dera Ghazi Khan, Rajanpur, Muzaffargarh, Layyah, Kot Addu, Bahawalnagar and Rahimyar Khan.

The service would remain suspended at the locations of religious gatherings until 10pm, the statement said.

KP

In Peshawar, police had chalked out a plan to deploy 12,000 personnel in the city for security during Muharram processions.

A statement by police said that personnel from the city police, rapid response force, quick response force, ladies traffic police and bomb disposal units were to be deployed for security in Muharram.

It added that three-layered security would be provided to all mourning processions, while marksmen would be set up at high-rise buildings along the procession routes. In addition to this, 1,000 traffic personnel were also to be deployed to ensure the smooth flow of traffic across the city.

Similarly, bomb disposal units and sniffer dogs were to be deployed to sweep imambargahs, majalis and procession routes, the statement said, adding that personnel in plain clothes had also been deployed at sensitive locations and places of worship across the city.

Last week, KP IG Zulfiqar Hameed directed police officials to enhance daily coordination with district administrations and peace committees at the district level to prevent any unpleasant incident during Muharram.

Separately, a police statement said Muharram processions and religious gatherings on Ashura would be monitored through the Safe City camera network in Peshawar.

It further stated that 43,317 police personnel would be deployed across the province to perform security duties during Muharram, and Section 144 had been enforced in various districts of KP.

The statement said that out of 614 imambargahs across the province, 127 had been declared highly sensitive, 262 sensitive and 225 normal and that a total of 907 Muharram processions were expected to be taken out across the province, with 286 being highly sensitive, 190 sensitive and 431 normal.

Balochistan

The Balochistan government also finalised stringent security arrangements for Muharram 10, deploying more than 32,000 security personnel to ensure the safety of Ashura processions.

The main procession routes are to be monitored continuously through aerial surveillance and a comprehensive network of CCTV cameras while all shops, markets, plazas, and commercial centres along the procession routes have been sealed.

According to official sources, more than 17,000 personnel have been deployed exclusively in Quetta. These forces will guard the main procession routes, key public spaces, and all entry and exit points of the city. The deployment includes personnel from the District Police, Balochistan Constabulary, Rapid Response Force (RRF), Anti-Terrorist Force (ATF), Frontier Corps (FC), and the Anti-Riot Force.

As part of the security protocol, mobile phone services and internet connectivity have been suspended across Quetta and other sensitive areas of Balochistan while the procession is taken out.

A $2.5 Billion Whodunit: The Hack That Dented the U.K. Economy

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A loose collective of cybercriminals initially took credit for crippling Jaguar Land Rover last year. Investigators now see Russian hands behind the ransomware attack.

FIA busts human placenta smuggling network in Islamabad

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ISLAMABAD: The Federal Investigation Agency (FIA) has dismantled an alleged international human placenta smuggling network and uncovered two illegal human biological material processing facilities operating in Islamabad, officials said on Friday.

According to an FIA spokesperson, five suspects — including three Chinese nationals and two Pakistani citizens — were arrested during raids conducted in Islamabad’s F-7/1 and E-11 sectors.

The arrested Chinese nationals were identified as Li Ganglei, Wang Bao, and Pengfei Gao, while the Pakistani suspects were identified as Waqas Sarwar and Qaiser Hanif.

Authorities said the suspects were allegedly involved in collecting, processing, and exporting human placenta by falsely declaring it as “sheep placenta” for shipment abroad, particularly to Vietnam.

During the raids, FIA recovered processing machinery, finished products, and biological samples, including human organs and other suspected human tissue. The seized materials have been sent to the Pakistan Institute of Medical Sciences (PIMS) for forensic examination to determine their exact nature.

According to investigators, the Pakistani suspects were allegedly working as drivers and facilitators for the Chinese nationals and assisting in the procurement and transportation of human biological materials.

Preliminary investigations revealed that human placentas were allegedly collected from hospitals in Peshawar, Rawalpindi, and Lahore before being transported to the processing facilities in Islamabad. Officials said the processed placenta was intended for export, where it is believed to be used in the manufacturing of pharmaceutical and medical products.

The FIA said the suspects had established a well-organized network with the help of local facilitators. Authorities are also searching for additional individuals suspected of involvement in the alleged international smuggling operation.

FIA arrests ‘most wanted’ accused, absconding for 15 years

A case has been registered against the suspects under the Human Organ Transplant Authority (HOTA) Act, 2010, and further investigations are underway.

Officials emphasized that forensic analysis is ongoing, and the exact nature of all seized biological materials will be confirmed after laboratory testing.

Zayn Malik faces fresh challenges amid career comeback

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LONDON: Singer Zayn Malik is reportedly facing new challenges in his career comeback after claims emerged that he has parted ways with his management, adding to a series of recent setbacks.

The Sun reported, citing a source, that the former One Direction star has split from Zenkai Management, the agency that had managed his career since 2022. The reported departure comes after last year’s alleged fallout involving former bandmate Louis Tomlinson.

According to the report, Zayn isn’t the easiest character to work with and his team stood by him through in all circumstances. However, things reached a point where his management felt they couldn’t do anything else, and they recently resigned. Now Zain is looking for the third manager of his career.

Neither Malik nor Zenkai Management has publicly commented on the reports.

Dispute with Louis Tomlinson

Earlier reports claimed that Zayn Malik and Louis Tomlinson clashed while filming a proposed travel series in 2025.

According to those reports, the show would have followed the former One Direction bandmates on a journey across the United States, where they planned to reflect on their careers, personal lives, and memories from their time in the globally successful boy band.

Perrie Edwards marries Alex Oxlade-Chamberlain in Portugal

The reports alleged that tensions escalated during filming after Malik reportedly became difficult to work with, leading to a heated argument. It was further claimed that Malik remarked on Tomlinson’s late mother, Johannah Deakin, who died of leukaemia in 2016 at the age of 43.

Following the reported dispute, two of Tomlinson’s sisters, Phoebe and Lottie, unfollowed Malik on Instagram.

The reports also alleged that the confrontation turned physical, with sources claiming Malik punched Tomlinson, causing a head injury. However, these allegations have not been independently verified.

John Bolton, Former Trump Adviser, Is Expected to Plead Guilty in Classified Information Case

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Mr. Bolton is expected to admit to mishandling classified information and could face time in prison, in an inquiry that spanned the Trump and Biden administrations.

US Supreme Court sides with Trump in asylum-processing case

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WASHINGTON: The U.S. Supreme Court handed President Donald Trump a victory on Thursday by backing the federal government’s authority to turn away asylum seekers when officials deem U.S.-Mexico border crossings too overburdened to handle additional claims.

The court, in a 6-3 ruling powered ​by its conservative justices, overturned a lower court’s finding that the policy violated federal law. The Republican president’s administration has said it may seek to revive the policy, known as “metering,” after it ‌was dropped by Trump’s Democratic predecessor Joe Biden.

The ruling was one of two in immigration-related cases issued by the court on Thursday backing Trump.

The metering policy allowed U.S. immigration officials to stop asylum seekers at the border and indefinitely decline to process their claims. It is separate from a sweeping policy to deny entry to asylum seekers at the border that Trump announced after returning to the presidency last year. That policy also faces an ongoing legal challenge.

Under U.S. law, a migrant who “arrives in the United States” may apply for asylum and ​must be inspected by a federal immigration official. The legal issue in the current case is whether asylum seekers who are stopped on the Mexican side of the border have arrived in the United ​States.

Conservative Justice Samuel Alito, who authored Thursday’s ruling, wrote that the answer is “no.”

US Citizenship and Immigration Services (USCIS) resumes asylum claims after halt

“In ordinary speech, no one would say that a person ‘arrives in’ a place — for example, a house, a ⁠city or a country — before the person enters that place,” Alito wrote. “The context in which the phrase ‘arrives in the United States’ is used in the immigration statutes at issue here supports an ordinary-meaning reading.”

‘MORE PEOPLE WILL DIE’

Alito read ​a summary of his opinion from the bench, as is customary. Justice Sonia Sotomayor then read a lengthy summary of her dissenting opinion from the bench — an action that signals a justice’s strong opposition to a ruling.

Sotomayor, in a ​dissent that was joined by fellow liberal justices Elena Kagan and Ketanji Brown Jackson, wrote that Thursday’s ruling authorizes U.S. immigration officers to refuse to consider asylum applications by “physically blocking (applicants) from stepping foot onto U.S. soil.”

“The consequences of today’s decision are predictable,” Sotomayor wrote.

“More people will die. More people will attempt to cross the border illegally, and some will make it while others will not. More people will be forced to walk along the U.S.-Mexico border in dangerous conditions, trying to find a port that will inspect them. More ​people will turn back and be subjected to violence because of something they cannot or should not have to change about themselves, such as their race, religion, nationality or political opinion,” Sotomayor wrote.

In an unusual move, Alito then responded ​from the bench to Sotomayor with an additional defense of the ruling, saying there was much more he would have included in his opinion summary had he known that Sotomayor intended to air her dissent in court.

The other immigration-related ruling issued on ‌Thursday also was ⁠authored by Alito. In that one, the court cleared the way for the Trump administration to strip hundreds of thousands of Haitian and Syrian immigrants of a humanitarian status that protects them from deportation. At issue was Temporary Protected Status for more than 350,000 people from Haiti and 6,100 from Syria.

‘AN IMPORTANT TOOL’

James Percival, general counsel at the U.S. Department of Homeland Security, welcomed Thursday’s ruling, saying it “opens up an important tool to continue securing our southern border.”

“We had to go all the way to SCOTUS to vindicate the principle that an alien is not ‘in the United States’ until he is, in fact, in the United States,” Percival said, using shorthand for the Supreme Court of the United States. “We ​have yet AGAIN been vindicated by the Supreme Court.”

Melissa ​Crow, a lawyer representing the plaintiffs, said the ⁠ruling “should sound the alarm for anyone who cares about human rights and the rule of law.”

The ruling, Crow said, “suggests the president may unilaterally override decades of established law and trample on people’s legal rights if doing so suits his political agenda.”

A MIGRANT SURGE

U.S. immigration officials began turning away asylum seekers at the border in 2016 under Democratic former President ​Barack Obama amid a migrant surge. The metering policy was formalized in 2018 during Trump’s first term in office, with border officials authorized to decline processing asylum ​claims when the government decides it ⁠is unable to handle additional applications. Biden rescinded the policy in 2021.

The Trump administration has said it likely would resume metering “as soon as changed border conditions warranted that step,” without providing specifics. Trump has pursued hardline immigration policies since his return to office last year.

The advocacy group Al Otro Lado launched the long-running legal challenge in 2017. The San Francisco-based 9th U.S. Circuit Court of Appeals in 2024 ruled that federal law requires border agents to inspect all asylum seekers who “arrive” at designated ⁠border crossings, even ​if they have not yet crossed into the United States, and the metering policy violated that obligation.

The Supreme Court also backed Trump in ​several immigration-related rulings issued on an emergency basis since his return to the presidency, including allowing him to deport migrants to countries other than their own and to revoke temporary legal status for hundreds of thousands of Venezuelan immigrants.

The court is expected to rule by around the end of ​June on the legality of Trump’s directive to restrict birthright citizenship in the United States.

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Mourners observe Ashura amid elaborate security arrangements

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Elaborate security arrangements have been made countrywide today as scores of mourners take out Muharram 10 processions in observance of Yaum-i-Ashura. Yaum-i-Ashura is observed every...