Pakistan's IT sector may face a higher tax rate in the new federal budget, with reports pointing to a move from 0.25 percent to 1 percent. That would sharply increase the tax burden on software and technology companies at a time when the sector is trying to grow exports and stay cost competitive.
The FY2026-27 budget speech said digital banking users in Pakistan have grown from 95 million to 133 million, while digital transactions crossed the 10 billion mark. The numbers show continued movement toward Digital Pakistan and broader financial inclusion through mobile and online channels.
Google's Mandiant says ShinyHunters, tracked as UNC6240, exploited Oracle PeopleSoft CVE-2026-35273 between May 27 and June 9 to steal data and extort victims, with universities heavily affected. Oracle published mitigation guidance on June 10, making this a priority review item for any exposed PeopleSoft deployments.
Researchers disclosed three now-patched LangGraph vulnerabilities, including a critical chain that can lead to remote code execution. Teams running self-hosted LangGraph or LangChain-based agent infrastructure should verify patched versions and audit exposure, credentials, and stored conversation data.
Xiaomi's MiMo AI team released MiMo Code V0.1.0, a terminal-native AI coding assistant aimed at long-horizon coding tasks. The company says internal benchmarks and a 576-developer survey show stronger performance than Claude Code on 200-plus-step workflows, but the claim should be treated as vendor-reported until independently tested.
Project Prometheus raised $12 billion at a reported $41 billion valuation to build AI systems for heavy engineering and drug design. The funding signals continued investor appetite for agentic AI beyond software workflows, especially systems that can automate technical work in physical industries.