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Pakistan to raise USD $7.17bn in new revenues, capped power subsidies, phase out zone incentives for FY27

Islamabad, May 16 (UNI) Pakistan has committed to a sweeping new round of tax increases, higher petroleum levies and fiscal tightening measures under its agreement with the International Monetary Fund, with the Fund projecting federal revenues of PKR17.145 trillion (US
61.43 billion) for the 2026-27 fiscal year, reports Dawn.
According to the IMF's staff report, post completion of its third review of Pakistan's US
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Iran can shut Strait of Hormuz at will: US intelligence report

17 Jun 2026 | 2:43 PM

Washington, June 17 (UNI) A US intelligence report has indicated that Iran possesses a significantly enhanced capability to disrupt or effectively close access to the Strait of Hormuz, a critical global energy chokepoint.

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U S military command restores Pacific Command name, citing historical legacy

17 Jun 2026 | 1:49 PM

Washington, June 17 (UNI) The U.S. military command responsible for operations across the Indo-Pacific region will officially revert to its former name, U.S. Pacific Command (USPACOM), from U.S. Indo-Pacific Command (USINDOPACOM), according to an announcement on Wednesday.

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US intelligence warns Iran retains ability to disrupt Strait of Hormuz despite deal

16 Jun 2026 | 9:56 PM

Washington, Jun 16 (UNI) Recent US intelligence assessments conclude that Iran has developed the ability to effectively shut access to the Strait of Hormuz whenever it chooses, giving Tehran a powerful tool to pressure the global economy even as it moves toward a new agreement with Washington, according to sources familiar with the appraisals.

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Trump says negotiations with Iran could finalise sooner than outlined in 60-day timeline

16 Jun 2026 | 9:07 PM

Évian-les-Bains, Jun 16 (UNI) US President Donald Trump said on Tuesday that negotiations with Iran could conclude sooner than the 60-day timetable outlined in the jointly agreed on memorandum of understanding due to be formally signed on Friday, though acknowledging that the process would likely take longer.

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Vance expresses confidence that Israel will support US-Iran agreement ahead of Friday signing

16 Jun 2026 | 8:59 PM

Washington, Jun 16 (UNI) US Vice President JD Vance said he believes Israel will eventually support the emerging agreement between Washington and Tehran, as both sides prepare for a new round of negotiations following the formal signing of a memorandum of understanding later this week.

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