Overview
- The federal government finalized a plan to borrow 7,020 billion Pakistani rupees for the current fiscal year and issued a 2026–28 debt strategy that prioritizes long‑term fixed‑rate and Islamic bonds over short‑term floating debt.
- Officials said the program will raise about 6,046 billion PKR domestically and roughly 813 billion PKR from external sources, with planned bond and sukuk issuances set to shape government cash flow and debt servicing.
- The Lahore High Court on Wednesday rejected an application to remove a name from the passport control list in a high‑profile 9 May case, ruling that the Anti‑Terrorism Court has the authority to order passport seizures and restore or lift travel bans.
- The Lahore High Court also issued 2026 e‑filing and procedure rules for special overseas‑property courts to allow electronic filing, video links for hearings, and digital service of notices to streamline cases involving expatriate assets.
- Provincial and local actions grew sharper on the same day: Punjab intensified anti‑smog inspections and sealed industrial sites while CTO Lahore ordered large encroachment and illegal‑parking operations, traffic authorities reported a 34% fall in fatal accidents, and police opened probes after deadly shootings in Laki Marwat; unconfirmed reports described internal PTI tensions and claimed a decision on governor rule in Khyber Pakhtunkhwa.