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Rs1.478tr collected from fuel, climate levies in last fiscal year: govt
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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ATC orders jail meetings for Imaan Mazari, Hadi Ali Chattha with lawyers
ISLAMABAD: An Anti-Terrorism Court (ATC) in Islamabad has authorized lawyers to meet Imaan Mazari and Hadi Ali Chattha in jail, who are arrested in a terrorism case relating to the demolition of security barriers.
Dr Shireen Mazari appeared before the case was heard by ATC Judge Tahir Abbas Sipra, who was accompanied by Advocate Riasat Ali Azad and Advocate Aimal Khan.
The court ordered that Riasat Ali Azad, Zainab Janjua and Aimal Khan be allowed to meet Imaan Mazari and Hadi Ali Chattha in jail.
At the hearing, Riasat Ali Azad stated that meetings between the lawyers and their clients were necessary for the case to move forward.
Judge Sipra noted that the anti-terrorism law mandated trials to be held on a day-to-day basis. He asked the prosecutor how many witnesses were still to be examined and the prosecutor said that there were nine witnesses to be presented.
The judge asked the prosecution to ensure the accused were allowed to meet their lawyers, adding that such meetings had to be enabled.
During the proceedings, Hadi Ali Chattha asked why he and Imaan Mazari were not being shown before the court, claiming the situation was against the norms of fair trial. He stated he had been in prison for eight months and could not see how efficiently he could continue his case in the circumstances.
Chattha also highlighted worries over holding meetings with lawyers in places that are equipped with cameras, questioning how secret contact between lawyer and client can be held in such circumstances.
He said the court should decide if he and Mazari were guilty of the charges, and demanded their production before it.
The judge scheduled further proceedings for Oct. 14.
The lawsuit contains charges about the dismantling of security obstacles for the visit of an international cricket team. The court in earlier hearings formally formulated allegations against Mazari and Chattha notwithstanding defense objections over access to legal counsel and copies of case papers.
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Oil prices up after escalation in Middle East tensions
The report said the weekend attacks on two oil tankers and strikes by Yemen’s Iran-backed Houthi movement on Saudi Arabia fueled investor concerns about future regional oil supply disruptions.
Brent crude prices jumped 76 cents, or 0.73%, to $105.48 a barrel at 7:04 p.m. EDT Sunday. U.S. West Texas Intermediate (WTI) crude futures increased 59 cents, or 0.64%, to $92.44 a barrel.
Houthi fighters claimed responsibility for a missile attack on Riyadh’s international airport Saturday that killed 13 people and wounded more than 300 others.
Saudi police announced another death and further injuries Sunday in a second attack on the airport.
The Federal Aviation Administration (FAA) cautioned U.S. airlines on Sunday to exercise extreme caution flying in or above Saudi airspace, citing increased security threats stemming from the ongoing military conflict and disruptions to navigation systems, Reuters reported.
A notification to airmen (NOTAM) by the FAA, effective through Dec. 10, comes after a series of strikes on Riyadh, the capital of Saudi Arabia, including a new wave over the weekend.”Threats could pose a potential risk to aircraft during all phases of flight, including overflight, arrival and departure,” the FAA said.
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Commissioners of six KP divisions changed in major reshuffle
The Khyber Pakhtunkhwa government announced a substantial upheaval in the provincial administration, with the announcement of transfers and new appointments for commissioners in six divisions.
An official notice said that Khalid Mahmood, who was acting as commissioner Bannu, has been appointed commissioner Peshawar.
Ahmed Ali Shah, who is awaiting a new posting, has been named commissioner Mardan.
Samiullah, who was secretary Dera Ismail Khan, has been promoted as commissioner Bannu and Shakirullah, who was additional home secretary, has been posted as commissioner Hazara.
In another appointment, Federal Joint Secretary Iqbal Hussain has been appointed Commissioner Malakand.
Other administrative posts will also be reshuffled, the letter also said. Additional Secretary Agriculture Parvez Kashar has been removed from his position, while Peshawar Commissioner Riaz Khan Mahsud and Mardan Commissioner Habibullah have been appointed officers on special duty (OSDs).
Meanwhile, Hazara Commissioner Shahidullah and Malakand Commissioner Masood Ahmed were asked to report to the Establishment Division, the notification said.
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