Business

Senator Aurangzeb chairs committee reviewing power sector reforms and future needs

Discussions focused on integrating solar power, managing changing demand, and establishing clear rules for private investment.

ICCI-PBF France & Europe join hands boosting Pakistan trade and investment

The collaboration specifically targets sectors like luxury goods and infrastructure, beyond just tourism.

Banking system approves Rs 400 billion financing for affordable housing

The economy grew by 3.7 percent last year, and growth of more than 4 percent was expected this year.

Shell expects refineries to almost double profit from every barrel of fuel

Shell's gas production was cut by a third due to damage to a key gas processing facility in the Gulf from the Iran crisis.

Georgieva warns AI risks global inequality amid energy price pressures

The IMF chief stressed that managing AI's potential growth requires global cooperation to avoid widening economic gaps.

Spot gold rises to $4,163.16; Pakistani rupee closes at 277.05 against dollar

Local gold prices were Rs437,536 per tola and 10-gram gold was Rs375,116 on 2026-10-06.

Salaried class paid Rs144 billion in income tax this fiscal year

Sharif directs gas supply continuity, prioritises domestic use and energy strategy

The Prime Minister also mandated a focus on alternative energy promotion and infrastructure development plans.

SIFC meets Hunza business leaders to ease regulatory hurdles in Gilgit-Baltistan

The discussions focused on simplifying rules and improving coordination to boost private sector growth across the region.

Skydance board sets date for warrant distribution to PSKY stock holders

The distribution offers PSKY shareholders an opportunity to buy Class B common stock at a set price.

FBR proposes waiving surcharge for late filers joining Active Taxpayers’ List

The proposal allows late filers to join the ATL without the usual surcharge, provided they commit to a six-month property restriction.

Cheema directs AJK and GB to tender for Asaan Khidmat Centres

The federal government confirmed funding while also directing a feasibility study for expanding the service model.

Finance Minister Aurangzeb affirms Pakistan moves toward sustainable growth

The fiscal deficit is at a 22-year low, and twin deficits shrank to 2.6% at the end of June.

G7 nations release reserves amid Middle East oil export rebound

The increased supply from emergency reserves and rising exports suggest a potential easing of immediate price pressures in the oil market.

Gohar Khan calls PM Sharif's talk offer 'symbolic' amid political standoff

The Prime Minister warned that continued sit-ins would directly impact the nation's economy, escalating the political tension.

SECP advises companies to hold AGMs by 28 October 2026

These directives clarify filing deadlines for annual returns and updates to company particulars for the 2026 financial year.

Skydance transitions to formal closure on 6 October 2026

The company committed to $6 billion in operational savings over three years.

Ministry of Energy seeks review of consumption package after high marginal costs emerge

The weighted average marginal cost reached 27.58/kWh from December through May.

SOE debt hits Rs10.1 trillion; financial engineering fails to curb circular debt

The cumulative annual impact from SOE losses and support totals Rs2.5 trillion, exceeding the federal development budget.

Sharif approves plan to boost livestock exports via duty-free imports

The reforms aim to modernize the sector by establishing specialized farms and ensuring international standards for export readiness.

Hyundai Group surpasses Honda in US hybrid sales, claiming second spot behind Toyota

The market shows varied electric vehicle adoption rates across continents, impacting global auto strategies.

Badenoch suggests Tories prepare for election amid internal party focus shift

Concerns are mounting within the Conservative party that Kemi Badenoch should prioritise economic policy over culture debates.

Adrees advises new FCCI leaders to adopt service focus and ethical conduct

Outgoing presidents and standing committees must provide written details of achievements and incomplete targets to the new leadership.

Zia chairs meeting; ICCI targets business ease, tax, and energy cost improvements

The committee also agreed to strengthen the working mechanism of ICCI committees.