Business - DAWN.COM

E-Paper | June 02, 2026

IMF-mandated curbs squeeze development spending

IMF-mandated curbs squeeze development spending

Only Rs1.13tr allocated to PSDP against Rs4.1tr requirement; minister terms shortfall "new circular debt crisis"; record Rs4.715tr development plan unveiled.

Published 02 Jun, 2026 07:46am

Related

PSX Highlights of the Day

Company	Price	Change	Change %	Volume
GSPMNC	5.18	1	23.92 ▲	260,858
TBL	10.82	1	10.18 ▲	41,011,899
TSPL	12.72	1.16	10.04 ▲	63,176
SKRSNC	26.91	2.45	10.02 ▲	930,911
DAAG	85.86	7.81	10.01 ▲	23,966

Company	Price	Change	Change %	Volume
TSMF	18.5	-2.06	-10.02 ▼	1,136,151
KPUS	2	-267.24	-10.00 ▼	11,878
ITANZ	42.23	-4.34	-9.32 ▼	13,474,600
DADX	109.14	-10.92	-9.09 ▼	58,419
SSMLNC	23.58	-2.18	-8.46 ▼	626

Source: PSX | Updated Jun 02, 2026

Beverage industry proposes reduction in taxes from 20pc to 15pc ahead of FY2026-27 budget

Beverage industry proposes reduction in taxes from 20pc to 15pc ahead of FY2026-27 budget

Beverage industry argues that a lower Federal Excise Duty rate would generate higher cumulative tax collections.

Published 02 Jun, 2026 05:14pm

European luxury brands seek to lure America's super-rich

European luxury brands seek to lure America's super-rich

With surge of store openings and fashion shows, brands seek to lure a new crop of wealthy shoppers enriched by the AI and tech boom.

Published 02 Jun, 2026 04:42pm

Branded Content

'From Collapse to Comeback': The rise of ABHI Bank

'From Collapse to Comeback': The rise of ABHI Bank

The shareholder’s origins have always been rooted in technology and financial innovation.

Why investors who know Lahore are looking closely at Alif Holdings’ 20 Canal Residence

Why investors who know Lahore are looking closely at Alif Holdings’ 20 Canal Residence

20 Canal Residence: Where prestige meets income.

The Best Free Islamic Tools—No Ads, No Strings Attached

The Best Free Islamic Tools—No Ads, No Strings Attached

Compare the best free Islamic tools for prayer times and Qibla, with QuranTime offering full access—no ads, no sign-up needed.

India, US close to signing first phase of trade deal: Indian minister

India, US close to signing first phase of trade deal: Indian minister

“About 99 per cent of the issues have been settled,” Piyush Goyal says, months after the two sides reached an initial understanding.

Published 02 Jun, 2026 10:51am

Farmers look to budget with growing fears, fading hopes

Farmers look to budget with growing fears, fading hopes

Wheat policy reversals, deregulated input costs and controlled output prices are curtailing farm profitability.

Published 02 Jun, 2026 07:48am

Consumer inflation hits 11.7pc in May

Consumer inflation hits 11.7pc in May

The continued increase in monthly inflation has pushed it beyond the government’s earlier projection.

Published 02 Jun, 2026 08:24am

PSX loses 3,362 points as geopolitical fears return

PSX loses 3,362 points as geopolitical fears return

Rising oil prices on US-Iran deadlock trigger extensive selling.

Published 02 Jun, 2026 08:21am

SBP launches riyal, dirham Naya Pakistan Certificates

SBP launches riyal, dirham Naya Pakistan Certificates

The returns are slightly lower than those for US dollar investments.

Updated 02 Jun, 2026 09:34am

Unemployment, inflation at historic highs, says KP finance adviser

Unemployment, inflation at historic highs, says KP finance adviser

Muzzammil Aslam questions Centre’s 3.7pc growth claim.

Published 02 Jun, 2026 08:24am

PM reaffirms EU ties, thanks Kallas for support for Gulf peace efforts

PM reaffirms EU ties, thanks Kallas for support for Gulf peace efforts

Top EU diplomat says Pakistan a major regional power, ‘important partner’.

Updated 01 Jun, 2026 09:02pm

Survey: Budget FY27 — another year of 'stabilisation'?

Survey: Budget FY27 — another year of 'stabilisation'?

Editorial: Sadly, the upcoming budget will be designed to satisfy the IMF rather than the needs of the people

Editorial: Sadly, the upcoming budget will be designed to satisfy the IMF rather than the needs of the people

The upcoming budget must deliver relief, not more burdens on taxpayers

The upcoming budget must deliver relief, not more burdens on taxpayers

Highlights

A new tightrope budget

A new tightrope budget

The futility of taxing the overtaxed

The futility of taxing the overtaxed

Soybean — a crop of promise and constraints

Soybean — a crop of promise and constraints

Deepening food insecurity

Deepening food insecurity

Taxing the taxed

Taxing the taxed

Water crisis beyond scarcity

Water crisis beyond scarcity

Business & Finance

What will it take to build a home

What will it take to build a home

While demand-side incentives are great at developing depth in the mortgage markets, home ownership is a supply problem as low-cost

The Laffer Curve curse on fruit juices

The Laffer Curve curse on fruit juices

Market contractions stall investment activity, with industry representatives saying no significant new investment has occurred since the FED was introduced.

Pakistani women taking the lead

The country’s poor performance on global gender indices is as much a failure of measurement as a failure of policy

A new tightrope budget

A new tightrope budget

Despite a temporary price easing earlier this year, Pakistan is bracing for renewed inflationary pressures in FY27.

Soybean — a crop of promise and constraints

Soybean — a crop of promise and constraints

Locally sourced produce often suffers from inconsistent quality, uncertain supply, and daily price fluctuations, creating significant operational uncertainty for processors.

Financing water preservation

Yet another World Bank-funded water programme works to resolve Sindh’s scarcity issues

COMPANY NEWS

ABHI releases financial report

The social weight on the new budget

The social weight on the new budget

Attempting to extract more taxes from an already stressed private sector is likely to generate frustration and resentment rather than meaningful additional revenues.

Newspaper

BUDGET 2026-27: Govt targets 4pc growth, 2m jobs for next fiscal year

Consumer inflation hits 11.7pc in May

Unemployment, inflation at historic highs, says KP finance adviser

Oil jumps $5 a barrel

SBP launches riyal, dirham Naya Pakistan Certificates

Mango export target cut

PSX loses 3,362 points as geopolitical fears return

What will it take to build a home

The Laffer Curve curse on fruit juices

Pakistani women taking the lead

A new tightrope budget

Soybean — a crop of promise and constraints

Financing water preservation

COMPANY NEWS

The social weight on the new budget

The futility of taxing the overtaxed

Petrol gets cheaper, why doesn’t life?

Data points

Soccer mania

Vast space

American franchise models

Concrete emissions

Falling IPOs

Reviewing the Virtual Assets Act 2026