Business

Pakistan considers $2 billion gas import to meet winter demand

The government may prioritize residential consumers by cutting supplies to the industrial, power, and fertiliser sectors as demand nearly doubles.

KSE-100 index rises 0.47 percent to settle at 165,930.99

The rise followed renewed institutional buying and the prime minister's approval of a draft auto policy aimed at boosting exports to $6 billion.

Tesla reports $1.7 billion net income for third quarter 2026

The automaker saw a 4 percent profit decline despite exceeding Wall Street revenue expectations as customer deliveries fell slightly.

Pakistan lowers petrol price while increasing high-speed diesel cost

The Oil and Gas Regulatory Authority adjusted rates under a daily pricing mechanism while the government enforces new austerity measures to conserve fuel.

Anthropic records $80.7 billion net loss in first half of 2026

Pakistan secures sufficient fertilizer supply for Rabi 2026 to 2027 cropping season

While urea supply exceeds demand, DAP availability is projected to fall 72,000 tonnes short of the expected offtake for the upcoming season.

Jam Kamal Khan chairs consultative meeting with exporters and industrialists

The session aimed to identify barriers like high energy costs and logistics disruptions to develop practical policy recommendations for the Prime Minister.

Pakistan's FBR sets December 2026 deadline for steel manufacturers to adopt digital monitoring

The new mandate aims to curb tax evasion by tracking production stages and shipment weights in real-time to reconcile factory output with tax returns.

Pakistan food exports rise by 25.32 percent in first quarter

Oil seeds and nuts exports grew by 240.85 percent, while fish and spices also saw gains during the same three-month period.

Pakistan and Maldives agree to increase bilateral trade to $200 million

The trade boost follows the 60th anniversary of diplomatic ties and includes plans for direct flights and cooperation in artificial intelligence.

FAA approves Boeing Max 10 for passenger service with 2027 delivery target

The certification follows years of scrutiny after two fatal crashes involving the smaller Max 8 model killed 346 people.

Pakistan targets 50 per cent emission cut by 2035

The nation requires $565 billion in investment to meet climate goals as debt servicing currently consumes over 60 per cent of national revenue.

Nora EV announces official ex-factory prices for electric vehicles in Pakistan

The new pricing structure, effective late October, provides a clear cost breakdown for various models ranging from budget commuters to high-range options.

Pakistan government raises profit rates on multiple National Savings schemes

The adjustments, effective 21 October, provide higher returns for investors in various long-term and short-term government-backed certificates.

IMF urges Pakistan to prioritise economic growth reforms over fiscal targets

The IMF stated that tax reform remains central to the Extended Fund Facility objectives to move the country toward a more investment friendly economy.

Liberty Justice Center sues White House over 50% Canadian trade levies

The lawsuit challenges the use of a 1930 Tariff Act provision that requires a 30-day waiting period before levies can be imposed.

Brent crude futures drop to $108.79 amid regional volatility and supply shifts

The price drop follows Houthi attacks on Saudi targets and the return of Russian diesel cargoes to traditional destinations.

Pakistan reduces diesel prices as refineries agree to lower profit margins

The federal cabinet approved a revised pricing formula to provide relief to consumers while maintaining a floor for refinery crack spreads.

PPDCL seeks electricity tariff hike for hydroelectric power projects

The proposal faces opposition from regional power companies as the regulator reviews the motion for Chianwali, Marala, and Pakpattan plants.

Pakistan and United States make progress on bilateral trade agreement

The deal aims to expand market access for Pakistani agricultural products and foster investment in minerals and technology.

Erik von Detten faces lawsuit over alleged elder abuse and fraud

The lawsuit follows the collapse of Rosland Capital, which reported $151 million in 2021 revenue but suffered $24 million in net losses from 2022-25.

NADRA warns Punjab residents against fraudulent civilian arms license websites

The agency warns that scammers are using fake platforms to steal personal data and charge excessive fees for illegal services.

Jihad Azour calls for neutral tax system to boost investment

The IMF official urged reforms to lower formality costs and improve resource allocation as Pakistan seeks to move beyond cycles of economic adjustment.

President Zardari meets IMF director to reaffirm Pakistan's fiscal commitment

The meeting follows a staff-level agreement on a $7 billion Extended Fund Facility and a $1.4 billion Resilience and Sustainability Facility.