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Rs1.478tr collected from fuel, climate levies in last fiscal year: govt

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Revenue from petroleum and climate levies allowed the government to keep the federal budget deficit under control in the first 11 months of fiscal year 2025-26, official financial data showed.

The government raised more than Rs1.478 trillion through petroleum and environment levies to restrict the federal budget deficit to Rs3.34 trillion or 2.6% of gross domestic product (GDP) during the July-May period of FY2025-26.

As per the agreement with the International Monetary Fund (IMF), the provinces achieved a combined budget surplus of Rs1.31 trillion in the first 11 months of the fiscal year, which helped narrow the overall fiscal deficit to Rs2.03 trillion, or 1.6% of GDP.

The government had an aim for the entire fiscal to limit the overall fiscal deficit at 3% of GDP or Rs3.77 trillion, lowered from the original target of 3.9% of GDP or Rs5.03 trillion.

The Ministry of Finance has not yet released the reconciled fiscal operations statistics for the fiscal year ended June 30, 2026, and the final numbers are expected to be compiled in the next few weeks.

The government collected Rs4.82 trillion from three major non-tax revenue sources, including State Bank of Pakistan profits, petroleum levy and climate support levy, during the first 11 months against a full year target of Rs5.14 trillion, official data revealed.

The government got Rs2.428 trillion in State Bank profits, Rs1.432 trillion from petroleum levy and Rs45.97 billion under the climate assistance levy during the time.

Meanwhile, the Federal Board of Revenue (FBR) collected Rs11.228 trillion as tax, Rs6.163 trillion was spent on servicing the debt while authorities said that all the funds earmarked for the Public Sector Development Programme (PSDP) had been properly utilized.

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Floods, Landslides Strike Northern India, Killing at Least 25

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At least 25 people perished in floods and landslides caused by severe rain throughout northern and northeastern India over the weekend, officials said on Monday, with more rain anticipated over the next several days.

At least 15 persons died in various rain-related accidents in Poonch, Rajouri and Doda districts of Indian-occupied Kashmir and numerous others were reported missing, a senior police officer said.

At least nine people died and four bodies retrieved after several landslides caused by continuous rains in Nagaland, a northeastern state, a top district official told Reuters.

One person perished in flooding in adjacent Assam on Sunday, the state disaster management office reported. Torrential rains have affected more than 57,000 people across seven districts of the state.“Active monsoon conditions are very likely to continue over Northwest, East & Northeast India during the next 6-7 days,” India’s weather agency stated in a post on social media website X.

In neighbouring Himalayan country Nepal, 27 people have died, one is missing and 69 others have been injured in floods, landslides, heavy rain and lightning strikes since the monsoon started in mid-June, the National Disaster Risk Reduction and Management Authority said.

Several routes including the one connecting the national capital, Kathmandu, with southern plains have been blocked by rubble thrown after landslides, police said on Monday.

Nepal’s weather authority anticipated light to moderate rainfall across much of the Himalayan nation on Monday, with heavy rain in isolated places in Koshi, Bagmati, Gandaki and Lumbini provinces.

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CM Balochistan interacts with kids of ISPR Summer Camp 2026

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Inter-Services Public Relations (ISPR) hosted Summer Camp 2026 for kids from all across Pakistan and thousands of young participants gathered to take part in educational activities and discuss national concerns.

The camp participants, who were joined by more than 4,000 kids from more than 18 venues nationwide, had a special interactive session with Balochistan Chief Minister Mir Sarfraz Bugti.

During the session, the chief minister discussed the current situation in Balochistan, security problems and role and responsibility of the youth in contributing to the future of the country.

Sarfraz Bugti spoke on the government’s view of security matters and militant groups, emphasizing the necessity of collaborative action and national unity to face the issues confronting the province.

He stated the future of Pakistan is in unity, mutual trust, social peace and positive outlook of its youth. He stated that young people have a critical role in developing a stable and peaceful society.

The participants posed questions about themes like security, investment prospects, smuggling, social media and other national issues. The participants claimed that the debate helped them to have a better grasp of the numerous issues surrounding Balochistan with detailed comments.

ISPR Summer Camp participants called such meetings crucial for developing national understanding and dialogue. The effort aims to improve awareness among young people, foster positive values, and provide opportunity for students to develop their talents and perspectives.

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Mbappe wins World Cup Golden Shoe

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ylian Mbappe was named the 2026 World Cup Golden Boot on Sunday after Lionel Messi failed to score in the final in New Jersey.

France skipper Mbappé topped the charts with 10 goals ahead of Argentina legend Messi with eight.

England midfielder Jude Bellingham and Norway attacker Erling Haaland both scored seven goals.

Real Madrid forward Mbappe, 27, also received the award during the 2022 World Cup in Qatar, where France were beaten finalists.

The Frenchman, who made his World Cup debut in 2018, scored twice in Saturday’s third-place play-off which England won 6-4.

Now the top scorer in World Cup history with 22 goals in three World Cups, one ahead of Messi.The 25-year-old has scored more than 100 international goals but said: “I would have liked not to be the all-time leading scorer and to be playing tomorrow’s match.

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