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Economy · Page 8

The rupee, the IMF, the budget, prices, power tariffs, trade and the businesses that employ the country.

Economy

Millat Group to enter Pakistan electric bike market

The tractor maker plans to launch electric bikes and scooters next month, with swappable battery options and a nationwide service network.

Economy

WorldCall Telecom restored to normal PSX counter

The NCCPL restored the telecom company's shares to the Normal Counter effective September 23, making them eligible again for margin financing and securities lending.

Economy

ADB projects developing Asia growth to slow to 5 percent

The bank's September outlook also revised the 2026 forecast up by 0.1 percentage points and trimmed the regional inflation forecast.

EconomySindh

Karachi transporters suspend Islamabad goods supply, block Manghopir road

Goods transporters stopped supplies after a container dispute, while marble transporters protested a road closure near Manghopir police station.

Economy

SECP calls for more insurance tribunals and digital complaints system

A new regulator report reviews a system that received 37,029 policyholder grievances in 2025 and proposes nationwide reform.

Economy

Pakistan-bound LNG tanker crosses Hormuz after Iran talks

Marine Insight reported the safe passage; IndexBox identified the vessel as the Shandong Redwood, bound for Karachi with Qatari LNG.

Economy

Government to audit all Discos to trace power theft, losses

An APP document says more than 2.12 million smart meters have already been installed to curb theft and improve billing.

Economy

PIA to start direct Maldives flights after fleet expansion

CEO tells Maldivian delegation the route will begin once new aircraft join the national carrier, with both sides targeting tourism, trade and people-to-people ties.

Economy

Pakistani tech firms win honours at P@SHA ICT Awards

JazzWorld's Teknosys took two gold and three merit prizes, while Innovative's Innomate earned a business services award in Islamabad.

Economy

Made-in-Pakistan Exhibition opens in Dhaka with 100 exhibitors

The three-day trade show at the International Convention City Bashundhara runs until 26 September and features textiles, food, cosmetics and handicrafts.

Economy

Pakistan gets $1.7bn foreign assistance in two months

Pakistan Today reported the inflow but did not specify the period, donors or breakdown.

Economy

SECP briefs builders on corporatization and REIT registration

The securities regulator says incorporation can limit liability and improve access to finance for Pakistan's builders and developers.

Economy

ADB sees Pakistan economy growing 3.7 percent in FY2027

External borrowing rose 23.6 percent to $1.70 billion in the first two months, Express News reported.

Economy

ADB forecasts 3.7 percent growth for Pakistan in FY2027

Inflation is projected to climb to 8.3 percent as Middle East conflict and high energy costs complicate recovery.

EconomyGilgit-Baltistan

Astore petrol pumps monitored under PM fuel relief scheme

Authorities in Astore are checking implementation of discounted fuel, with similar visits reported in Jhelum's Sohawa.

Economy

IMF mission in Karachi for loan review talks

Technical discussions with the State Bank begin Wednesday before formal negotiations in Islamabad on September 28.

Economy

SIFC prepares $40bn investment pipeline; CDA, DHA plan Islamabad sectors

Profit reported the pipeline spans multiple sectors, while TechJuice said CDA and DHA will jointly develop three Islamabad sectors.

Economy

Global oil prices drop to two-week low on Hormuz reopening hopes

Brent crude fell $2.01 to $98.33 a barrel and WTI dropped $2.50 to $93.28 as Saudi pipeline activity resumed.

Economy

Pakistan, Boeing discuss PIA fleet renewal and faster jet deliveries

Finance Minister Aurangzeb met Boeing's global president at UNGA; revised proposal expected for PIA, along with financing and leasing options.

Economy

ADB keeps Pakistan growth forecast at 3.7 percent

The Manila-based lender also sees inflation at 8.3 percent, above the government's 7 percent estimate, for this fiscal year.

EconomySindh

Sindh Revenue Board draws 95 winners in POS invoice ballot

The fourth computerised ballot covered 217,525 verified invoices, a sharp rise from earlier draws, with cars, motorcycles and cash among prizes.

Economy

PIA board approves Boeing leases for European flights

The state carrier is adding five leased aircraft and increasing London service to seven weekly flights from October 27.

EconomyGilgit-Baltistan

Gilgit Tandoor Owner Jailed Five Days for Underweight Bread

The sentence was reported by Daily Independent, though the owner's name and the date of the order were not immediately available.

Economy

TCP finalises 365,000-tonne wheat import deals

Profit by Pakistan Today reported the contracts, while UkrAgroConsult said high import prices could support the domestic wheat market.

EconomyPunjab

Faisalabad Chamber associate class results announced

The second phase of the 2026-28 FCCI elections saw 16 candidates contest 14 associate class seats; Kohat Chamber elected 14 members unopposed.

EconomyGilgit-Baltistan

PTA Survey Ranks Top Telcos in AJK, Gilgit

The Pakistan Telecommunication Authority survey results were reported by ProPakistani, though detailed rankings were not immediately available to Skardu Times.

EconomyGilgit-Baltistan

Gilgit-Baltistan presents Rs218.8 billion budget with Rs52 billion deficit

The fiscal 2026-27 plan sets Rs43.97 billion for development and asks Islamabad for a Rs153.3 billion stabilisation package.

Economy

Overseas Pakistanis urged to invest in tax-free zones

Geo News attributed the appeal to the High Commissioner while APP cited J7 Group chairman.

Economy

PSX gains 269 points as oil prices ease

Saudi supply recovery and hopes for US-Iran talks supported sentiment, while analysts flagged Houthi attacks and the IMF review as risks.

Economy

Finance Division dismisses petroleum levy centrepiece reports as misleading

The ministry said Pakistan's IMF programme is a whole-of-government effort and the levy is only one revenue instrument, not a central condition.