PESHAWAR – A tragic Peshawar triple murder has left a local community in shock. A man allegedly shot and killed his parents and his brother on Tuesday morning. The incident followed a domestic dispute in the Sarband area. 

According to the Sarband Police Station, the shooting occurred during the early hours of the day. The suspect opened fire on his father, mother, and brother inside their residence. He then fled the scene to evade arrest. 

Neighbors reported the gunfire to the authorities. A police contingent quickly arrived at the location to secure the area. Officers then transported the victims’ bodies to a nearby medical facility for mandatory postmortem examinations. 

Investigation And Search Operation Underway 

Following the horrific Peshawar triple murder, law enforcement authorities registered a formal case. They immediately launched a targeted search operation in the surrounding localities. The main goal is to apprehend the fleeing suspect. 

Forensic teams are currently gathering evidence from the residence. Meanwhile, investigators are interviewing neighbors to determine the exact cause of the violence. 

Local leadership has expressed deep concern over the incident. Officials are urging citizens to resolve domestic grievances through community mediation.

Rising Domestic Violence Concerns In KP 

This deadly shooting marks the second major triple killing in the province within a single week. These incidents raise serious questions about the escalation of domestic conflicts. On July 3, three individuals, including two women, were fatally shot in an alleged honor killing in the Matta Mughal area of Shabqadar. 

In that earlier case, no immediate family members stepped forward to file a complaint. Therefore, the state took legal action and registered the First Information Report (FIR) on behalf of the public. 

ISLAMABAD – The Securities and Exchange Commission of Pakistan (SECP) has introduced special facilitation measures to help businesses in the steel sector register as companies after recent tax law changes made incorporation a prerequisite for certain tax concessions.

According to the regulator, a dedicated facilitation desk has been established on the directions of Minister of State for Finance Bilal Azhar Kayani to assist steel businesses with company registration and expedite the processing of incorporation applications. The initiative is being overseen by SECP Chairman Dr Kabir Ahmed Sidhu.

The move follows amendments introduced through the Finance Act, 2026, which revised the Second Schedule of the Income Tax Ordinance, 2001. Under the new provisions, steel businesses must be registered as companies to qualify for specified tax incentives.

As a result, steel mills operating as Associations of Persons (AOPs) or other unincorporated entities will be subject to a higher tax burden than incorporated companies registered with the SECP.

The Pakistan Association of Large Steel Producers (PALSP) had approached the regulator after the amendments, seeking guidance on the conversion of steel sector AOPs into companies.

The SECP said the incorporation process is fully digital and includes user registration, name reservation, submission of a digitally signed application and payment of the prescribed fee. It added that companies can be incorporated within four hours if all required documents are complete.

The regulator said it currently incorporates more than 3,500 companies each month and will jointly hold an awareness webinar with the Federal Board of Revenue (FBR) on July 8 to guide steel businesses on the incorporation process under the new tax regime.

LAHORE: The Pakistan Banks Association (PBA) on Sunday announced that the second edition of the Pakistan Banking Summit (PBS’26) will be held in Karachi on July 7 and 8.

The annual summit will bring together more than 1,200 participants, including policymakers, regulators, banking executives, corporate leaders, academics and development partners to discuss key issues affecting Pakistan’s financial sector.

According to the PBA, the two-day event will feature nine sessions covering the domestic and global economic outlook, digital banking and payments, Islamic banking, climate finance, capital markets, and financing for agriculture, small and medium-sized enterprises (SMEs) and low-cost housing.

More than 15 international speakers and over 20 local experts are expected to participate, alongside representatives from over 48 financial institutions.

Confirmed keynote speakers include Finance Minister Senator Muhammad Aurangzeb, State Bank of Pakistan Governor Jameel Ahmad, and Minister of State for Finance Bilal Azhar Kayani.

Speaking at a press conference in Karachi, PBA Chairman Zafar Masud said the summit would provide a platform for policymakers, regulators and the banking industry to discuss policy priorities and strengthen collaboration aimed at supporting the country’s financial sector and long-term economic growth.

PBA said the summit seeks to promote policy dialogue, industry collaboration and the exchange of global best practices to help build a more resilient, inclusive and future-ready financial system.