Govt likely to ban import of 3-year-old used cars by expats to curb misuse, hawala transactions
Import of used cars to be limited under baggage, residence, and gift schemes; vehicles must be registered six months before return; only genuine overseas Pakistanis to qualify under revised scheme
FBR bars sugar mills from clearing stock without video-monitored production
Mills must install surveillance and digital monitoring equipment before crushing season
Sindh defers 45% agriculture income tax for one year, restores 15% rate through new ordinance
IMF-agreed tax reform delayed until July 2025; Punjab earlier issued similar notification
Pakistan receives first-ever US crude oil cargo at Cnergyico Port
Trade marks new era in energy trade and diversification of nation’s energy supply
NAB to approach parliament to reduce Rs500 million threshold required to initiate action in corruption cases
Chairman Lt Gen (retd) Nazir Ahmad Butt says current threshold allows many individuals to execute corrupt activities below the limit to evade prosecution
73% of foreign investors see Pakistan as a viable FDI destination, OICCI survey shows
Survey highlights improved investor confidence, citing macroeconomic stability, reduced inflation, and stronger international credit ratings
Pakistan to benefit from $250 million GCF-backed ‘Glaciers to Farms’ climate resilience program
GCF’s funding will be provided mostly as grants and invested alongside $3.25 billion from ADB over the next decade in a series of projects in Central Asia, South Caucasus, and Pakistan
Pakistan’s exports underperform by $60 billion due to high tariffs, costly energy, and logistics issues: World Bank
Exports’ share in GDP steadily declined from 16% in 1990s to just 10.4% in 2024, leaving Pakistan’s economic growth dependent on remittances and debt-driven consumption, says World Bank in latest report
PIA partners with Riyadh Air to expand cargo operations and boost revenue
The new cargo agreement, effective October 29, will link Pakistan and London to Riyadh for onward global distribution through both airlines’ combined networks.
Pakistan’s food sector faces growing crisis as circular debt hits Rs325.6 billion: report
Government agencies owe TCP billions, with interest charges making up 73% of total debt; National Fertilizer Marketing Ltd. is the largest defaulter, with liabilities exceeding Rs126.78 billion
Saudi Arabia extends $1 billion oil facility to Pakistan, renews $5 billion deposits
Both nations agree on long-term economic partnership with focus on infrastructure projects
IMF board likely to approve $1.2bn tranche for Pakistan by December
SBP says all performance criteria met; reserves target revised to $17.8bn for FY26
SBP raises foreign exchange reserves forecast for FY26 to $17.8 billion
Controlled current account deficit, official inflows, and IMF agreement drive upward revision; remittances to hit $41 billion
Inflation to stay between 5-6% in October due to flood impact and border closures, says Ministry of Finance
Economy continues recovery despite flood disruptions; external sector remains stable, but inflationary pressures risk due to recent floods, says finance ministry in monthly outlook
PSX drops over 1,100 points as investors stay cautious ahead of MPC decision
KSE-100 Index closes at 162,163.81; rupee posts marginal gain against US dollar