*🇵🇰 Local Highlights:* • Diplomatic tension rises as U.S.–Iran dynamics escalate. • Pakistan & U.S. inch closer to a trade deal via active dialogue. • FBR targets Rs65bn through e-commerce tax moves. • Balochistan presents its highest-ever budget: Rs1,032bn for development. • Pakistan’s current account slips back into deficit; FDI drops 7.6%. • Industrial output up 2.3% YoY in April.