Section
Economy · Page 3
The rupee, the IMF, the budget, prices, power tariffs, trade and the businesses that employ the country.
Carmakers seek review of used-vehicle imports under gift scheme
PAMA tells the prime minister's adviser on industries that gift-scheme imports rose from 7 vehicles in May to 2,238 in September, undercutting local assembly.
Ningbo Green Light Energy to start PSX trading on Thursday
Shares of the solar EPC firm reach the Main Board through a merger with LSE SPAC-I, with an opening price of Rs21.06 set in the court-approved scheme.
Government reviews business rules to draw investment, minister says
Industries minister Haroon Akhtar Khan names no regulations or timeline, while SIFC steps up talks with businesses and the energy minister floats targeted power subsidies.
51,000 tonnes of imported wheat arrives at Karachi Port
The Karachi Port Trust says a second vessel, MV GREAT RAINBOW, is due on Nov 3 and puts the two ships' combined declared cargo at over 110,000 tonnes.
PM Shehbaz sets November deadline for Alibaba cooperation plans
Islamabad review meeting covers AI use in agriculture, trade, taxation and health, with ministries told to report back on implementation progress.
Government weighs two construction regulators and three-year defect liability
A meeting chaired by Economic Affairs Minister Ahad Cheema directed PPRA to start work on a minimum three-year liability period for major public projects, phased to smaller ones.
Maryam Nawaz unveils ten-point package for Punjab farmers
Zero-markup loans up to Rs10 million, a dedicated Apna Kisan Bank and assured wheat procurement at Rs4,500 head the announcements made to farmer representatives.
Petroleum Division signals shift to 15-day fuel price revision
Officials told petrol pump owners in Islamabad that the current daily revision system would be moved to a fortnightly cycle, but no date has been set.
Federal panel sets 120-day deadline for shrimp farming roadmap
Seven working groups will draft 14 reports while Sindh studies a 3,500-acre shrimp farm, as Islamabad pushes an export-led aquaculture plan.
Textile mills ask FBR to keep Karachi customs unit, review faceless assessment
APTMA says nearly 21 months of faceless customs assessment has lengthened clearance times and raised importer costs, and wants an independent review before any expansion.
Colgate-Palmolive Pakistan to buy P&G's Port Qasim land and plant
The Karachi-listed detergents and personal care maker signed the asset purchase agreement on October 28; the deal still needs Competition Commission of Pakistan clearance.
FBR proposes IRIS-only filing of company financial statements
Draft rules issued through SRO 1912(I)/2026 would require electronically readable statements from tax year 2026, with objections open for seven days.
Pharma exports fall 30% to three-year low as Afghan border stays shut
The PPMA's former chairman says the halt in supplies to Afghanistan and higher fuel costs have made Pakistani medicines uncompetitive in low-margin markets.
PM to review winter gas plan and LNG cargo needs
Petroleum ministry will brief Shehbaz Sharif on household supply, power-sector demand and the 24 LNG cargoes the division estimates winter may require.
Government and Jamaat-e-Islami form committee to review fuel relief
The six-member body will study widening the prime minister's petroleum relief scheme and phasing down the levy in the next budget.
KSE-100 extends rally, gains 363 points in early trade
The benchmark index touched 164,830.55 minutes after Wednesday's opening, building on Tuesday's 1,428-point close as banks, cement and energy stocks drew buying.
Iran border trade remains limited a week after partial reopening
Traders say clearance is restricted to consignments booked before 16 October, when Pakistan withdrew an import-form exemption for Iranian goods.
Pakistan plans second $500m Panda bond without ADB, AIIB cover
Finance Division officials say Chinese credit enhancement firms may back the January-June 2027 sale, as $1.3bn of repaid Chinese commercial loans awaits full refinancing.
PPL posts Rs99bn profit, record Rs284bn collections in FY26
Shareholders at the company's 75th annual general meeting approved a final dividend of 60 per cent, taking the total payout for the year to 120 per cent.
Pakistan cuts petrol price as Iran diplomacy cools oil markets
Arab News PK reports the reduction as Brent slips from six-month highs, but LPG still costs Rs600 a kilogram in Lahore and Islamabad.
Power minister says DISCO losses down to Rs325bn from Rs591bn
Awais Leghari told the Senate circular debt had fallen to about Rs1.6 trillion, and that an income-based subsidy system will take one to one-and-a-half months to prepare.
OGRA raises petrol by Rs1.54 and diesel by Rs2.16 per litre
New rates apply from October 27; the regulator blamed higher international benchmarks and Platts pricing while levies and profit margins stay frozen.
Ahsan Iqbal says oil price rise unpredictable as relief committee formed
The planning minister told a briefing with Rana Sanaullah that the government and Jamaat-e-Islami will each name three members to a committee on relief.
Pakistan airspace ban costs Indian airlines $2 billion as Air India drops routes
Air India will suspend Delhi–Vienna and Delhi–Birmingham flights from 31 October and 1 November, citing longer routes, fuel costs and aircraft shortages.
Ishaq Dar chairs review of proposed audit oversight law changes
The meeting also weighed steps to strengthen financial reporting and institutional performance, but the amendments themselves were not made public.
FPCCI and textile exporters reject SBP rate hike to 12 percent
Industry bodies say costlier credit will slow manufacturing and exports and want single-digit rates, while foreign investors welcomed the 50-basis-point increase, Profit reported.
Pakistan brings virtual assets regulator under anti-money laundering law
A finance-ministry committee approved adding PVARA to the AMLA's fourth schedule and a maritime zones provision to its first, at a meeting chaired by Muhammad Aurangzeb.
Reports put Balochistan's share of farm loans between 1.1pc and 4.56pc
Two outlets give sharply different figures for the province's slice of agricultural credit, with Punjab taking more than 83 per cent in both accounts.
Finance ministry clears changes to anti-money-laundering monitoring rules
The committee revised currency transaction report thresholds and added the maritime zones law and the virtual assets regulator to schedules of the Anti-Money Laundering Act.
Power ministry moves to end six-month penalty above 200 units
Awais Leghari told the Senate the government is weighing a 250-unit threshold and wants any relief aimed at households below the poverty line.