Section
Economy · Page 9
The rupee, the IMF, the budget, prices, power tariffs, trade and the businesses that employ the country.
PSW enables remote biometric verification through NADRA PakID app
Users can now complete subscription, renewal and profile verification on smartphones, ending the need for a NADRA e-Sahulat visit.
Pakistan opens first electricity wheeling auction for bulk consumers
Federal Minister Awais Laghari says producers and buyers will trade directly, starting with consumers using more than one megawatt, before expanding to households in coming years.
Textile exports hold at $18bn as cotton crop shrinks
Pakistan Today and Bloom Pakistan report a widening gap between the $18 billion textile export sector and a declining domestic cotton crop.
PSX extends trading suspension of five companies for 60 days
No company names or reasons for the continued halt were given in the report.
LESCO approves employee bonus despite federal austerity push
The board has begun disbursements to officers and staff but has not disclosed the total amount, ProPakistani reported.
Punjab flour mills announce strike over 'anti-industry' policies
The Punjab Flour Mills Association has called a strike in protest of what it describes as anti-industry policies, according to reports by Pakistan Today and Pakistan Connect.
Fuel Price Rise Deepens Cost-of-Living Squeeze
Aaj News reported students are struggling as petrol prices rise, while Energy Update said climbing fuel and energy costs are deepening Pakistan's cost-of-living crisis.
Mobile phone imports fall 8.85pc in two months
Imports totaled $274.129 million in July-August of fiscal 2026-27, down from the same period last year, APP reported.
US, Pakistan open Innovation Hive for entrepreneurs
The U.S. Embassy and USEFP launched the initiative to strengthen Pakistan’s startup ecosystem, according to Islamabad Post.
Gold falls Rs1,800 per tola for second day
Ten grams declined by Rs1,543 to Rs390,720 while silver lost Rs62 per tola, dealers said.
Gold price falls Rs1,800 per tola in Pakistan
10-gram 24-karat gold also declined, and silver fell Rs62 per tola, according to jewellers
PAA fines eight airlines Rs1.62m over baggage delays
The regulator penalised carriers after 19 cases of delayed baggage delivery were recorded between July 1 and August 15 at airports nationwide.
Senate subcommittee flags $1 billion tobacco tax loss
A Senate panel also examined theft of 2,828 cigarette cartons from an FBR warehouse and weak controls on seized goods.
SECP proposes more insurance tribunals, digital complaint system
The move follows 37,029 insurance complaints received in 2025 across different forums
SDPI unveils battery storage roadmap as Fauji Cement plans 50 MWh
A study by SDPI and NCET calls for grid-scale battery systems, while Fauji Cement announces 50 MWh storage and 10 MW solar at two plants.
CCP fines 3M Pakistan Rs10 million over Scotch-Brite ad
The penalty follows a Colgate-Palmolive complaint that a comparison video unfairly showed Max Scrub deteriorating after a 20-minute wash.
Mercantile and Jaffer Partner to Bring Apple Devices to Pakistan
The partnership is aimed at corporate and enterprise customers seeking official Apple products in the country.
Pakistan modal price jumps 5.9% as Asia MMCF prices split
Fibre2Fashion reports man-made cellulosic fibre prices moved in opposite directions, with Pakistan's modal up and India's steady.
National Assembly Secretariat imposes work-from-home for half its staff
A new notification also cuts official fuel by 50 percent, bans new vehicles, foreign travel and official dinners, and reduces non-ERE budget by 5 percent.
External loans hit $1.7bn in July-August
Mettis Global reported separately that external financing in August alone reached $939 million.
Fauji Foods CEO resigns, takes FrieslandCampina Engro role
Usman Zaheer Ahmad resigned effective September 18 and has been appointed CEO of FrieslandCampina Engro Pakistan, both companies disclosed to the Pakistan Stock Exchange.
Federal austerity drive bans vehicles, new posts, foreign trips
The instructions cover all federal ministries and state-owned bodies, with a Finance Secretary-led committee reviewing any exemptions.
Petrol rises Rs4.61 per litre, diesel gets cheaper
Dawn reports the latest fortnightly fuel price adjustment but does not give new per-litre rates or the size of the diesel cut.
SIFC launches centralised ticketing hub for investor queries
The platform is meant to speed up how investors raise questions, submit requests and track progress, the council said.
GB Assembly approves Rs218.8 billion budget
The Rs218.845 billion budget for fiscal year 2026-27 carries a projected deficit of Rs52.65 billion, according to Express Tribune.
Sindh chief minister seeks expanded China cooperation
Murad Ali Shah praised Pakistan-China ties while urging broader provincial cooperation with Chinese partners.
Over 2.2 million registered for PM’s fuel scheme: Tarar
Deputy prime minister reviews rollout as SMS fuel tokens approved for areas without internet.
Pakistan, IMF to open fifth-tranche talks Wednesday
Negotiators in Islamabad are expected to review the country's economic performance through June 2026 and structural reform targets before releasing the next Extended Fund Facility instalment.
Pakistan Targets $10 Billion From 5G, $1 Trillion Economy
TechJuice reports the government aims to add $10 billion via 5G, while Digital Pakistan cites a $1 trillion export goal and a YouTube clip touts donkey exports.
Three Turkish, seven Pakistani firms seek Iesco stake
The Privatisation Commission said it received expressions of interest for 51 to 100 percent of the Islamabad power distributor.