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BUDGET 2026-27: Farmers look to budget with growing fears, fading hopes

PAKISTAN’S farmers are awaiting the next budget with growing fears and fading hopes. Their concerns this year are fundamental, as the government — amid pressure for reform — continues experimenting with subsidies, procurement prices, input-cost liberalisation and agricultural trade. The cost of this trial-and-error has become an existential problem for farmers and the agricultural sector. The agriculture sector’s fading hopes are a direct result of the government’s inability — or unwillingness — to adopt a long-term policy direction and muster the political will needed for its implementation. Deregulation of agricultural inputs has led to a continuous rise in production costs, which the government hesitates to pass on to consumers because of political consequences. Wheat policy reversals, deregulated input costs and controlled output prices are curtailing farm profitability Consequently, farmers and agri-sector experts alike agree the government should make a clear decision thi...
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'In everybody’s interest': EU's top diplomat says bloc seeks stability in region

European Union (EU) top diplomat Kaja Kallas on Monday said the bloc sought stability in the region, adding that it was in everyone’s interest for the ongoing war in the Middle East to end and for the Strait of Hormuz to remain open. Kallas, who serves as vice-president of the European Commission and the EU high representative for foreign affairs and security policy, is visiting Pakistan at the invitation of Deputy Prime Minister and Foreign Minister Ishaq Dar to participate in the 8th round of the EU-Pakistan Strategic Dialogue, which was held earlier today. In an interview on the Geo News programme ‘Capital Talk’, Kallas said, “This is in everybody’s interest that this war is stopped and the Strait of Hormuz is opened. We are paying a very high price. There are a lot of things dependent on the Strait of Hormuz.” During the appearance on the show, she commended Pakistan for being a mediator between the United States and Iran, bringing all the parties together, adding that, “Even...
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The social weight on the new budget

The government must stop shifting the cost of weak revenue mobilisation onto households and the corporate sector and instead offer targeted tax relief to offset the burden imposed in recent years, including a reduction in the petroleum levy. While support for the most vulnerable remains necessary given high poverty levels, sustained job-creating growth is vital. It is unreasonable to tax a monthly income of Rs50,000, which falls below the amount required for a family’s subsistence. To make the tax regime more logical and equitable, the income tax threshold should be raised to Rs1.5 million per annum (Rs125,000 per month) from the current Rs600,000. The tax slabs and rates should then be recalibrated accordingly to preserve progressivity while providing meaningful relief to low-income earners. At the same time, there is little justification for imposing a super tax on the already compliant corporate sector while large segments of the economy — including many services, retail and whole...
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Pakistan's 'resolute response' in May 2025 conflict debunked notion of space for war in South Asia: military official

A military official from Pakistan has said that the country’s “resolute response” to India during the May 2025 conflict had effectively debunked the notion of space for war in South Asia. Commander I Corps Lieutenant General Nauman Zakria made these remarks during a special session at the Shangri-La Dialogue in Singapore on Saturday. In May 2025, a four-day conflict between Pakistan and India was sparked by an attack on tourists in occupied Kashmir, which New Delhi, without evidence, linked with Pakistan. Islamabad strongly denied responsibility while calling for a neutral investigation . After New Delhi launched deadly air strikes in Punjab and Azad Kashmir on May 7, Pakistan said it downed five Indian planes in air-to-air combat, later raising the tally to eight . After tit-for-tat strikes on each other’s airbases, it took American intervention on May 10 for both sides to finally reach a ceasefire . Speaking at the Shangri-La conference, Lieutenant General Zakria said strat...
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Jaffar Express resumes service from Quetta

QUETTA: Pakistan Rai­lways resumed train operations from Balochistan on Saturday, restoring services after a three-day suspension, railway officials said. According to the officials, train operations from the province have been fully restored, with the Jaffar Express departing from Quetta for Peshawar. They said that the return service of the Jaffar Express will also depart from Peshawar for Quetta as per the timetable, restoring connectivity between the province and other parts of the country. The Jaffar Express, the only train service from Quetta to Peshawar, was suspended last Sunday following a vehicle-borne suicide bombing that targeted a shuttle train near the Chaman railway crossing. The Jaffar Express, which was ready to depart for its destination, was immediately stopped and later cancelled. Passengers were asked to collect refunds. However, after two days, the train service was restored, but on Wednesday it was again suspended. Railway authorities have not mentioned the r...
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PSG edge Arsenal on penalties to retain Champions League title

Paris Saint-Germain claimed back-to-back Champions League triumphs with a 4-3 shootout win over Arsenal following a 1-1 draw after extra time in Budapest, with Eberechi Eze and Gabriel missing from the spot. Mikel Arteta’s Premier League champions showed great resilience to take the game beyond 120 minutes, but fell to a second final defeat, 20 years after their first in Paris against Barcelona. Luis Enrique’s side became only the second besides Real Madrid to win the competition in consecutive years in the Champions League era. PSG’s first triumph was 55 years in the making, 14 of those under Qatari ownership, the second could start what they hope is an era of dominance and dynasty-building. Luis Enrique rebuilt the team swiftly and efficiently, removing the club’s superstars and building a cohesive and committed attacking side, capable of shredding opposition with terrifying pace. It was the Spaniard’s third Champions League triumph, making him one of only five coaches to comple...
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Pakistan outspins Australia in milestone ODI as Minhas makes history

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Pakistan out-spun Australia by five wickets in the first one-day international in Rawalpindi with spinner Arafat Minhas becoming the first home bowler to take five wickets on ODI debut on Saturday. Minhas finished with 5-32 as an under-strength Australia were bowled out for 200 in 44.1 overs before Pakistan chased down the target in 42.3 overs for a memorable win in their 1,000th ODI. Babar Azam notched a 94-ball 69 while Ghazi Ghori hit an impressive 92-ball 65 as Australia’s inexperienced spinners failed to match Pakistan’s slow bowlers on a dry spin-assisting Pindi Stadium pitch. Azam and Ghori added 127 runs for the third wicket after Sahibzada Farhan (28) and Maaz Sadaqat (eight) fell with the score at 49. Azam hit four boundaries and a six while Ghori’s knock had eight hits to the rope before both falling to pacer Nathan Ellis, but with just 16 to win that did not hurt Pakistan. Minhas smashed a six to complete the victory. Australia’s Matt Renshaw (L...
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