PM reconstitutes ECC, adds investment minister to key economic body
Revised committee expands to eight ministers and 18 co-opted members with a mandate covering urgent economic decisions, price stability and sectoral growth
Pakistan raises ethanol, basmati GI concerns in talks with Netherlands as it reaffirms GSP+ commitment
Meeting discusses digital upgrades, outsourcing plans, new international links and progress on ML-1, KUAP and Thar connectivity
Pakistan loses $600 million to illegal crypto transactions as dollar sales to banks fall 23%
ECAP chairman says customers buy dollars from exchange firms, deposit them into foreign currency accounts, withdraw cash and then purchase cryptocurrencies through unregulated platforms
IMF warns of corruption risks in Pakistan’s sovereign wealth funds
Governance and Corruption Diagnostic Assessment report cites weak governance, opacity and political influence; calls for reforms aligned with global standards
ECC turns down proposal seeking Passco’s wind-up, asks govt to revise Special Purpose Vehicle plan
SECP flags legal, procedural gaps; committee directs review of incorporation documents and cuts proposed capital to Rs5 billion
Centre calls first NFC meeting on Dec 4 as provinces prepare to contest revenue share
Federal govt seeks changes to 7th NFC formula; provinces flag arrears, fiscal gaps and demand revisions in next award
KSE-100 snaps rally, falls 834 points to close at 162,102.92
Late selling drags index to day’s low of 161,853 as key sectors trade in red
PTCL shareholders approve acquisition of Telenor Pakistan, $400 million financing plan
Members endorse purchase of 100% shares in Telenor Pakistan and Orion Towers, and authorize $400m funding from IFC-led lenders
CCP scrutinises 17 private school systems over alleged abuse of dominant position
Inquiry finds major school systems involved, with study packs priced up to 280% higher than market rates and parents allegedly compelled to buy overpriced logo-branded notebooks, uniforms and study packs
Govt agrees to publish asset declarations of top officials in next year
IMF calls NAB appointment system a ‘political compromise’; GCDA flags weak accountability, limited prosecutions and fragmented disclosure systems across state institutions
Govt moves to replace PASSCO with Wheat Stocks Management Company with Rs350bn authorised capital
New special purpose vehicle to take over wheat reserves and settle PASSCO’s Rs528bn liabilities under winding-up plan; ECC approval pending
SBP foreign exchange reserves rise by $27 million, reaching $14.55 billion
Total liquid reserves stand at $19.74 billion, with commercial banks holding $5.19 billion in net reserves
ADB okays $330m for Pakistan transmission upgrade to carry 3,200MW clean power
Project includes 500kV, 290km line and grid upgrades for Islamabad and Faisalabad load centres
Pakistan secures $2.29 billion in foreign assistance in first quarter of FY26
Multilateral loans reach $1.11 billion; bilateral inflows $449.9 million; Naya Pakistan Certificates investments total $541.6 million
FBR rejects Chinese tile makers’ plea to remove cameras, cites Rs30bn annual tax evasion in sector
Senate panel told cameras will remain installed as FBR reports evasion of Rs76 billion in sugar, Rs102 billion in cement, and Rs30 billion in tiles