AGP Executive Report
Last update: 8 hours agoWorld Culture Festival: Arts Council of Pakistan Karachi has opened film submissions for its World Culture Festival (Oct 29–Nov 22), inviting documentaries, narratives and short films from around the world. Budget & economy: PM Shehbaz met industrialists and said the government will bring the informal economy into the tax net in the 2026–27 budget, while pushing export-led growth and job creation. Markets: PSX opened lower as Middle East tensions spooked investors; the KSE-100 slipped about 375 points in early trade. Electricity relief: Power Division says June bills will see a net 20 paisa per unit relief, with fuel and quarterly tariff adjustments offsetting each other. US pressure on trade: The US proposed fresh tariffs on imports from 60 economies, including Pakistan, over alleged forced-labour failures. Japan mosque row: Japan ordered removal of a mosque in Kawagoe built without required permits; Pakistan’s embassy says the ambassador attended only after assurances of approvals. Weather & safety: Heavy rain, winds and hail hit multiple cities, while NDMA issued a landslide alert for northern Pakistan and AJK. Cricket: Australia beat Pakistan by 41 runs in the 2nd ODI at Lahore to level the series 1-1, with Nathan Ellis taking a career-best 4-33.
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