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Pakistan to raise USD $7.17bn in new revenues, capped power subsidies, phase out zone incentives for FY27

Islamabad, May 16 (UNI) Pakistan has committed to a sweeping new round of tax increases, higher petroleum levies and fiscal tightening measures under its agreement with the International Monetary Fund, with the Fund projecting federal revenues of PKR17.145 trillion (US
61.43 billion) for the 2026-27 fiscal year, reports Dawn.
According to the IMF's staff report, post completion of its third review of Pakistan's US
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Trump says Iran and Israel aiming for 'ceasefire', insists deal is close

08 Jun 2026 | 7:29 PM

Washington/ Tel Aviv, Jun 8 (UNI) US President Donald Trump on Monday said that Israel and Iran are "looking to do an immediate ceasefire" after a fresh round of attacks between the two countries threatened an already fragile truce.

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Iran suspends military strikes against Israel, warns of harsher response if attacks continue

08 Jun 2026 | 6:58 PM

Tehran, June 8 (UNI): Iran's Khatam al-Anbiya Central Headquarters on Monday announced the halt of military operations against Israel.

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Iran calls reports of US mulling use of frozen assets for Gulf compensation ‘absurd’

08 Jun 2026 | 5:27 PM

Washington/ Tehran, Jun 8 (UNI): After reports emerged that the US Treasury Department is considering a plan to redirect frozen Iranian assets toward compensating American-aligned Gulf states for damage linked to Iranian military actions during the ongoing conflict, Iran dismissed the proposal as “absurd” and “ridiculous.”
Foreign Ministry spokesman Esmaeil Baghaei, quoted by Iranian media, rejected claims that Washington is considering using Iran’s blocked funds for reconstruction or compensation in Gulf states affected by regional conflict.

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Yemen's Houthis declare 'total ban' on Israeli ships in Red Sea

08 Jun 2026 | 4:48 PM

Sanaa, June 8 (UNI) Yemen's Iran-backed Houthi rebels announced a missile attack on Israel on Monday and declared a ban on Israeli maritime navigation in the Red Sea, thereby raising concerns of returning to a major disruption on the key route.

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US bears responsibility” for Israel’s actions: Iran

08 Jun 2026 | 4:01 PM

Tehran, Jun 8 (UNI) Iran on Monday held the United States responsible for the latest flare-up in tensions following major ceasefire violations and argued that the Tel Aviv regime’s actions cannot be separated from Washington’s policies.

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