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A backdoor NFC revision?

• Budget delay exposes Centre-province fiscal deadlock • NFC shares may be frozen under budget pressure • Critics say Centre ignores revenues kept outside divisible pool • Experts blame fiscal crisis on low tax collection, debt, federal spending • Raza Rabbani warns of phased rollback of 18th Amendment, NFC Award WHEN Finance Minister Muhammad Aurangzeb rises to present his third budget, the usual questions will apply. Which sectors face fresh taxation? Will the salaried class get any relief? How much will the cost of living increase? Who will get tax benefits, and who will not? But this year, there is an additional dimension worth watching closely. Will the budget clip provincial finances? Will the Centre freeze provincial shares under the current National Finance Commission (NFC) arrangement and push fresh expenditure obligations onto provinces — over and above their existing requirement to produce a primary surplus? If it does, it would amount to a unilateral revision of the NFC ...
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Somali soccer referee denied US entry, will miss World Cup debut

The ​United States has denied entry to soccer referee Omar Abdulkadir Artan, who had been expected to be the ‌first Somali to officiate at a match in the World Cup. A FIFA spokesperson said Artan would not be able to train or officiate at the World Cup — which kicks off on Thursday — after he was not allowed to enter the United States over the weekend. Somalia’s government said it had unsuccessfully ​tried to negotiate with the US and FIFA so that Artan could enter the country and it was saddened ​by what had happened. “His international achievements are a source of honour and pride for the Somali people,” ⁠Somalia’s sports ministry said in a statement. In a press release issued on Tuesday, the Somali Football Federation (SFF) expressed sadness over the ​situation, calling Artan’s appointment a milestone for the country that resulted from years of dedication, professionalism and integrity. The SFF said it has ​not received an official explanation as to why Artan was denied entry t...
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AJK braces for long march as tensions persist

• ‘Proscribed’ JAAC to go ahead with rally from Bhimber to Muzaffarabad, sit-in outside assembly • Officials say govt ‘will not allow’ march to go ahead; large crowds unlikely since group’s leadership is ‘on the run’ MUZAFFARABAD: In the aftermath of Sunday night’s fierce clashes that claimed the lives of seven civilians and four law enforcement personnel in Rawalakot, Azad Jammu and Kashmir (AJK) braced for a shutter-down and wheel-jam strike on Tuesday (today) , announced by the proscribed Joint Awami Action Com­mittee (JAAC). According to initial plans, the JAAC had decided that protesters would start a long march from the southernmost district of Bhimber, passing through Mirpur, Kotli and Poonch before reaching Muzaffarabad on June 10 for a sit-in outside the Legislative Assembly. Government officials, meanwhile, appeared hopeful about the prospects of a tepid response to the protest call for several reasons, including the recent crackdown. In action against JAAC, the authoriti...
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US-Israel defence integration plan heads for House vote despite opposition

A controversial proposal to expand military technology cooperation between the United States and Israel is headed for a vote in the House of Representatives after surviving its first major congressional challenge, setting the stage for a broader debate over the future of one of Washington’s closest strategic relationships. The measure, known as the United States-Israel Defence Technology Cooperation Initiative, advanced out of the House Armed Services Committee on Friday after lawmakers rejected an amendment seeking to remove it from the annual defence policy bill. Opponents are expected to renew their challenge when the legislation reaches the House floor, likely in July. The initiative is part of the National Defense Authorization Act (NDAA), the annual legislation through which Congress sets policy and priorities for the US military. If enacted, it would establish a formal framework for expanding cooperation between American and Israeli defence industries and research institutio...
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CORPORATE WINDOW: No relief measures expected

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As is tradition, the day of the budget announcement remains a non-event for many consumers, who know that the finance minister’s speech in the National Assembly will bring little in the way of relief, focusing instead on praising the government’s past measures and setting new budgetary and revenue targets under pressure from the International Monetary Fund (IMF). However, this year’s budget carries greater significance, as consumers are already struggling to make ends meet amid heightened geopolitical tensions in the Middle East. Higher freight and insurance charges imposed by shipping lines following the US–Israel and Iran conflict have pushed up the cost of production. Some manufacturers have tried to absorb this cost pressure, while others have simply passed the burden on to consumers. This has been partly cushioned by relative stability in the rupee–dollar parity; otherwise, the situation would have been far more alarming. Prospects for strong indus...
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PPP shares tax-related reservations in pre-budget meeting with Dar, say sources

ISLAMABAD: A PPP delegation, led by party Chairman Bilawal Bhutto-Zardari, expressed its reservations related to taxes during a pre-budget meeting with Deputy Prime Minister and Foreign Minister Ishaq Dar on Sunday, sources told Dawn . The meeting was held at the Zardari House in Islamabad, an official statement by the PPP said, adding that apart from Bilawal, Sherry Rehman, Naveed Qamar, Murad Ali Shah and Jam Khan Shoro were also present. “Matters related to the budget were discussed during the meeting,” it said. The discussion also covered expenditure, development spending priorities, including the Public Sector Development Programme, as well as broader economic priorities such as fiscal sustainability, public welfare, development initiatives, and inclusive growth. With the budget for FY2026-27 set to be announced on June 10 (Wednesday), this was the second round of pre-budget talks between the two major ruling partners, the PML-N and the PPP, and the third and final round is e...
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Iran denounces ‘political pressure’ from nuclear watchdog

• Cites restricted access to bombed nuclear sites as key reason for inspection gaps, denies seeking nuclear weapons • IAEA warns lack of access poses a ‘proliferation concern’, urges immediate resumption of verification activities TEHRAN: Iran has repudiated an International Atomic Energy Agency (IAEA) report as a “tool of political pressure”, following concerns over restricted access to its nuclear site. Tehran was engaged in discussions with Washington about its nuclear programme when the United States and Israel attacked it on February 28, sparking war in the region. Israel had previously struck Iran in June 2025, also while Washington and Tehran were engaged in nuclear negotiations, with Washington joining with later strikes before a ceasefire was declared. During both conflicts, Iranian nuclear sites were bombed repeatedly. “If the agency wants to be part of a diplomatic solution, it must refrain from turning a technical report into a tool of political pressure,” Deputy For...
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