*SYED FARAZ EQUITIES - SFEL* ```5th June, 2025``` *Business News Update:* *BUDGET FY26: Nothing escapes the taxman — except the privileged* https://www.thenews.com.pk/print/1318661-budget-fy26-nothing-escapes-the-taxman-except-the-privileged *PM announces new era with Pak-US ties* https://www.brecorder.com/news/40366391/pm-announces-new-era-with-pak-us-ties *Pakistan's Trade Deficit narrowed by over 23% in May* https://mettisglobal.news/pakistans-trade-deficit-narrowed-by-over-23-in-may/ *Debt stock reaches all-time high of Rs75trn* https://www.brecorder.com/news/40366395/debt-stock-reaches-all-time-high-of-rs75trn *Pakistan, ADB sign $300m ‘Subprogram II’ loan* https://www.brecorder.com/news/40366394/pakistan-adb-sign-300m-subprogram-ii-loan *TI Pak report suggests key structural reforms* https://www.thenews.com.pk/print/1318668-ti-pak-report-suggests-key-structural-reforms *Pakistan’s NEC approves nearly Rs4tr development budget for FY26* https://mettisglobal.news/pakistans-nec-approves-nearly-rs4tr