Markets
Pakistan LNG reissues tender for December, January cargoes
Pakistan LNG tender seeks December and January deliveries after earlier offers reached USD 31 per MMBtu, as the country prepares for winter gas needs
Nov 13, 2026
Nov 13, 2026
Pakistan LNG tender seeks December and January deliveries after earlier offers reached USD 31 per MMBtu, as the country prepares for winter gas needs
Pakistan’s new petrol pricing policy offers consumer relief but raises concerns over refinery profits, investment and future energy security
Federal Constitutional Court reserves judgment on Punjab's limestone royalty calculation, with a ruling expected next week
The government issued PKR 4.18 trillion in Sukuk in the first 10 months of 2026, more than double the amount issued in all of 2025.
Company tells PSX it is not a party to the definitive agreement Thatta disclosed a day earlier
PSMA cites 1.1 million tonnes of surplus sugar and presses for additional export permission and industry deregulation
Planning minister warns rapid population growth could strain resources and urges NFC reforms to reward provinces for managing it
Pakistan's small-cap representation falls to 78 as Attock Refinery joins the main frontier index, with changes effective December 1
Karachi Chamber proposes monthly meetings of major trade bodies as businesses raise concerns over financing, regulations and the Torkham border closure
Thatta Cement Company Limited has signed a definitive agreement with Fauji Foundation concerning the proposed restructuring of Pakistan Services Limited (PSL), the owner of the Pearl-Continental hotel chain.
The agreement remains subject to the required corporate, regulatory and other approvals, according to a material information disclosure submitted by Thatta Cement to the Pakistan Stock Exchange on November 11.
The development follows Fauji Foundation’s acquisition of a 19.70% stake in Pakistan Services for approximately PKR 6.55 billion (USD 23.7 million).
Fauji Foundation acquired 6,406,797 voting shares in Pakistan Services on November 2, 2026, at PKR 1,022.42 per share, taking its total holding to 19.70% of the company’s voting shares.
Established in 1958, Pakistan Services owns and manages the Pearl-Continental hotel chain. Its business also includes granting franchises for the use of its brand name and operating a budget hotel in Lahore.
The company’s ownership structure has undergone significant changes over the past year.
In July 2025, AKD Group Holdings (Private) Limited acquired a 27.95% stake in Pakistan Services for more than PKR 6.36 billion. On the same day, Dawood Jan Mohammad acquired 28% of the company’s voting shares at PKR 700 per share.
Thatta Cement subsequently announced the acquisition of a 28% stake in Pakistan Services for PKR 6.45 billion, at PKR 710 per share.
In September 2026, Thatta Cement reached an in-principle understanding on a proposed restructuring of Pakistan Services to amicably resolve a matter pending before the Islamabad High Court.
The latest agreement with Fauji Foundation marks another step in the proposed restructuring of the hotel operator. However, the company has not disclosed the specific terms of the agreement or how the hotel assets will be divided.
Federal development spending reaches only PKR 103.88 billion against a PKR 1 trillion allocation despite PKR 412.29 billion being authorized
Petrol becomes 10.6% cheaper and diesel falls 7.9% since October 31 as easing US-Iran tensions push international crude prices lower
Individuals can join the Active Taxpayer List without paying the surcharge by undertaking not to acquire property for six months
Pakistani and Saudi investors launch a multi-hundred-million-dollar fund, with 75% of investments directed towards Pakistan’s key sectors, including agriculture, mining, construction and infrastructure
Benchmark settles at 179,335.24, up 3.13%, as banks, cement and energy stocks lead gains amid falling international oil prices
Retail investors can subscribe at PKR 15.50 per share after the IPO attracted bids for 158% of its book-building allocation
TCP seeks international buyers for approximately 108,000 metric tons of surplus sugar after an earlier tender with a USD 660-per-ton minimum price attracted no bids
October inflows reach USD 3.89 billion, up 14% year over year, with Saudi Arabia remaining the largest source
Investments climb 477% since 2018, highlighting banks' dominant role in government borrowing and concerns over private-sector credit
EVs up to USD 50,000 would keep a 1% sales tax instead of the 18% the IMF sought, according to official documents and sources
