Money

Pakistan's petrol price falls as customs-duty component drops
Business

Pakistan's petrol price falls as customs-duty component drops

Petrol falls to PKR 376.06 despite higher import costs, while diesel rises to PKR 398.07 under the latest fuel price revision

Pakistan faces $21.5 billion in external debt repayments in FY27
Pakistan

Pakistan faces $21.5 billion in external debt repayments in FY27

SBP governor says around USD 10 billion in obligations is expected to be managed through rollovers and refinancing, with USD 5.5 billion still to be repaid

KCCI urges FBR to fix tax filing issue for returning residents
Business

KCCI urges FBR to fix tax filing issue for returning residents

Karachi Chamber says the IRIS portal prevents some returning tax residents from updating their opening wealth balances, making it difficult to file accurate returns for 2026

FPCCI opposes possible interest rate hike, urges SBP to ease borrowing costs
Pakistan

FPCCI opposes possible interest rate hike, urges SBP to ease borrowing costs

Business body warns that raising the policy rate above 11.5% would increase production costs, discourage investment and hamper economic growth

SBP revises bank investment limits for startups, mutual funds and REITs
Markets

SBP revises bank investment limits for startups, mutual funds and REITs

Revised rules specify a PKR 500 million ceiling for investments in a single startup, alongside limits for company shares and investment funds

Karachi Tax Bar urges FBR to fix wealth statement filing issue for returning residents
Pakistan

Karachi Tax Bar urges FBR to fix wealth statement filing issue for returning residents

Association says IRIS automatically carries forward old wealth balances, preventing returning residents from entering updated figures for tax year 2026

Pakistan removes 2.25 million ineligible beneficiaries from BISP
Pakistan

Pakistan removes 2.25 million ineligible beneficiaries from BISP

Ministry reports recovering more than PKR 712 million in fraudulent payments and receiving over 55,000 complaints about irregularities

Pakistan raises National Savings profit rates, regular income certificates reach 12.12%
Business

Pakistan raises National Savings profit rates, regular income certificates reach 12.12%

Revised rates take effect October 21, offering higher returns on special savings, Behbood, short-term and Islamic savings schemes

Lucky Investments launches Shariah-compliant capital-protected fund
Markets

Lucky Investments launches Shariah-compliant capital-protected fund

Two-year plan carries a medium risk profile and an expected annual return of 10.75%-11.25%, with subscriptions open through October 30

Meezan Bank approves PKR 49 billion housing finance under Apna Ghar
Business

Meezan Bank approves PKR 49 billion housing finance under Apna Ghar

Bank says 6,880 applications have been approved, while 1,000 families had received PKR 7.34 billion in financing by September 30

Shariah-compliant securities reach 65.2% of PSX market cap
Markets

Shariah-compliant securities reach 65.2% of PSX market cap

Pakistan raised PKR 3.14 trillion through sovereign sukuk in FY26 as Islamic mutual funds outnumbered conventional funds for the first time, SECP says

Pakistan sets PKR 700 billion housing finance target
Pakistan

Pakistan sets PKR 700 billion housing finance target

Government aims to support 125,000 housing units as Shehbaz Sharif presses banks to speed up disbursements and expand SME and agricultural lending

China approves record share of panda bond proceeds for offshore use
Markets

China approves record share of panda bond proceeds for offshore use

Overseas borrowers have raised 115.5 billion yuan this year as low Chinese interest rates and easier cross-border rules expand yuan financing

Pakistan bonds draw USD 129.8 million from Gulf investors
Markets

Pakistan bonds draw USD 129.8 million from Gulf investors

PIB yields near 12.5% offer a wide nominal premium over Gulf benchmark rates, though currency and repatriation risks remain key constraints

IMF objects to Pakistan’s proposed 1% sales tax on electric vehicles
Business

IMF objects to Pakistan’s proposed 1% sales tax on electric vehicles

Fund questions preferential treatment for EVs and their parts under draft auto policy as government considers changes before final approval

Pakistan revises National Savings rates, raises returns on most schemes
Pakistan

Pakistan revises National Savings rates, raises returns on most schemes

Special Savings sees largest increase of 74 basis points, while three-month short-term savings rate falls by 6 basis points

Pakistan raises PKR853 billion in T-bill auction as yields jump
Markets

Pakistan raises PKR853 billion in T-bill auction as yields jump

Government exceeds PKR700 billion target as three-, six- and 12-month cutoff yields rise by 49–75 basis points

FBR likely to extend tax return deadline by 15 days
Business

FBR likely to extend tax return deadline by 15 days

About 5.2 million Tax Year 2026 returns have been filed as business groups and tax professionals press the government for additional time

SBP launches PKR 16 billion Pasban Remittance Reward Scheme
UAE

SBP launches PKR 16 billion Pasban Remittance Reward Scheme

Pasban Remittance Reward Scheme offers quarterly cash prizes to eligible recipients, with the first PKR 4 billion draw set for January 15, 2027

Pakistan external financing rises 23.6% to USD 1.7bn in Jul-Aug
Business

Pakistan external financing rises 23.6% to USD 1.7bn in Jul-Aug

Naya Pakistan Certificates contributed USD 629.76 million, while multilateral financing reached USD 590.96 million and commercial borrowing totaled USD 300 million