Economy

Refining industry opposes another change to diesel pricing formula
Markets

Refining industry opposes another change to diesel pricing formula

Refiners warn frequent revisions to HSD pricing mechanism threaten USD 5-6 billion in planned investment

JazzWorld, VEON meet PTA chairman to discuss telecom investment, regulatory environment
Business

JazzWorld, VEON meet PTA chairman to discuss telecom investment, regulatory environment

VEON and JazzWorld leaders met Pakistan's PTA chief to discuss 5G rollout, service quality and the regulatory environment needed to sustain investment

ECC approves PKR 6.6bn for 30 bulletproof vehicles for 2027 SCO Summit
Top Stories

ECC approves PKR 6.6bn for 30 bulletproof vehicles for 2027 SCO Summit

The committee approved half of the PKR 12.6bn sought by the Cabinet Division and asked it to justify any additional requirement

Indus Motor expects Pakistan auto sector growth to moderate in FY27
Markets

Indus Motor expects Pakistan auto sector growth to moderate in FY27

Toyota assembler says policy delays, new taxes and import competition could slow Pakistan's auto sector growth in FY27, despite rising sales and financing

Pakistan cuts profit rates on most National Savings schemes
Pakistan

Pakistan cuts profit rates on most National Savings schemes

National Savings profit rates were cut by up to 36 basis points on pension, Behbood and income products, while one-year certificates rose

Hyderabad tax collection rises 18% to PKR 16.9bn in July-August
Business

Hyderabad tax collection rises 18% to PKR 16.9bn in July-August

Domestic sales tax posted the strongest growth, surging 83%, while income tax receipts increased 7% during the first two months of FY27.

Pakistan LNG Limited floats third spot tender after rejecting earlier bids
Markets

Pakistan LNG Limited floats third spot tender after rejecting earlier bids

PLL, Pakistan's state-run LNG importer, seeks a fresh spot cargo for Sept 12-16 delivery after rejecting two pricier bids in over a week.

FATF warns hawala and underground banking are fueling global money laundering
Markets

FATF warns hawala and underground banking are fueling global money laundering

A new FATF report warns that hawala and underground banking networks are increasingly exploited for money laundering, citing an Oman-Pakistan case.

Exclusive: PC Hotels may be split under proposed settlement in Pakistan Services ownership battle
Markets

Exclusive: PC Hotels may be split under proposed settlement in Pakistan Services ownership battle

Five PC hotels could be divided between Thatta Cement and Fauji Foundation under an unannounced settlement following a year-long battle over control of Pakistan Services Limited, sources say.

OGRA revises wellhead gas prices upward, E&P companies to benefit
Business

OGRA revises wellhead gas prices upward, E&P companies to benefit

Prices for July-December 2026 rise an estimated 8-10% on the back of higher oil prices, Topline Research says

SECP registers 4,761 new companies in August, IT sector leads
Markets

SECP registers 4,761 new companies in August, IT sector leads

Total registered companies crosses 311,765 as Chinese investors dominate foreign participation

PSX partners with UK's MOBILIST programme to boost sustainable investment
Business

PSX partners with UK's MOBILIST programme to boost sustainable investment

Partnership aims to connect eligible businesses with equity capital and advisory support for listing on the exchange

Petroleum Minister welcomes GPXP's interest in expanding investment in Pakistan's energy sector
Top Stories

Petroleum Minister welcomes GPXP's interest in expanding investment in Pakistan's energy sector

Ali Pervaiz Malik met GPXP's CEO to discuss expanding investment in Pakistan's energy sector and strengthening Kuwait ties.

Dutch central bank moves 86 tons of gold from US, Canada to London
Top Stories

Dutch central bank moves 86 tons of gold from US, Canada to London

DNB cites geopolitical tensions and crisis preparedness as reasons behind the relocation, joining other European central banks

Pakistan's trade deficit widens 10% to USD 3.17bn in August
Research

Pakistan's trade deficit widens 10% to USD 3.17bn in August

Imports climbed 7% to USD 5.68bn in August, outpacing 4% export growth to USD 2.51bn and pushing the trade gap wider, PBS data showed.

Pakistan cotton arrivals rise 27% to 1.7mn bales as Sindh leads gains
Markets

Pakistan cotton arrivals rise 27% to 1.7mn bales as Sindh leads gains

Pakistan's textile mills bought 1.465mn cotton bales as unsold stock fell to 158,569 bales, PCGA data shows, signalling firmer offtake.

SECP issues notices to 28,761 companies over beneficial ownership disclosures
Markets

SECP issues notices to 28,761 companies over beneficial ownership disclosures

Companies now have just 30 days to file Form 19 with regulators or risk penalties as high as PKR 10 million each.

Pakistan moves from stabilization toward structural reforms, ICMA report says
Research

Pakistan moves from stabilization toward structural reforms, ICMA report says

ICMA says Pakistan's economic indicators improved through early 2026, but employment, SOE reform and implementation gaps still hold back progress.

Pakistan cement dispatches slip 0.7% as northern volumes fall
Markets

Pakistan cement dispatches slip 0.7% as northern volumes fall

Southern cement exports jumped nearly 40% in August, helping cushion a sharp decline in dispatches from Pakistan's northern mills.

Pioneer Cement approves merger into Maple Leaf Cement at 2.65-share swap ratio
Markets

Pioneer Cement approves merger into Maple Leaf Cement at 2.65-share swap ratio

Maple Leaf Cement will issue 136 million new shares to fully absorb Pioneer Cement, in a deal brokerages expect to be earnings accretive.