Economy
PM Shehbaz orders faster FBR reforms, warns officers against resistance
PM Shehbaz Sharif ordered faster FBR reforms and warned against resistance, as the government moves to let it compulsorily retire non-performing tax officers.
Journalist
Javed Farooqi
Editor-in-Chief
Javed Farooqi is the Editor-in-Chief of The Indus Compass. He oversees the site’s editorial standards and is responsible for how corrections are handled.
He writes on national politics, security, the courts, commerce and public affairs. His reports cover Khyber Pakhtunkhwa and Pakistan’s border with Afghanistan, the federal government’s economic decisions, national airline and industry news, and public notices such as prize bond results.
Readers who find an error can write to the newsroom through the Contact page, and corrections are published on the story itself.
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Articles by Javed Farooqi
285 articles · page 6 of 10
- Energy
Power purchase price may rise to Rs27.3 per unit in 2027, CPPA-G says
CPPA-G projects Pakistan's power purchase price at Rs27.31 per unit in 2027, with capacity payments of Rs1.91 trillion; Nepra holds a public hearing on Nov 3.
- Punjab
Rawalpindi audits 8,300 schools as KP hunts unsafe buildings
After the Peshawar roof collapse, Rawalpindi began inspecting 7,000 private and 1,300 public schools, and KP is identifying unsafe school buildings.
- Sindh
Clifton residents protest construction over Nehr-i-Khayyam drain
Residents say covering Karachi's Nehr-i-Khayyam would narrow the drain, invite commercial use and raise flood risk, and want an impact assessment first.
- Sindh
Railway police and KMC clash over Karachi road on railway land
A Rs780 million road linking Natha Khan Bridge and Gulistan-e-Jauhar is stalled after a clash between railway police and KMC city wardens over land ownership.
- Balochistan
Army major martyred in Balochistan IED blast, ISPR says
Major Wajahat Waheed was martyred in an IED blast in Gwadar, while forces killed four terrorists in Kalat. The president and prime minister paid tribute.
- Economy
Pakistan to chair World Bank and IMF boards in 2027, first time since 1953
Economic Affairs Minister Ahad Cheema was named incoming chair of the World Bank and IMF Boards of Governors for 2027, Pakistan's first time since 1953.
- Economy
Dar orders strict action against hoarders amid rising flour prices
Ishaq Dar told authorities to act on hoarding and overpricing of essential goods, saying stocks are adequate, as a 20kg flour bag topped Rs3,000 in Peshawar.
- Khyber Pakhtunkhwa
Peshawar school collapse: case filed against owners and contractor
Police filed a case against the owners and contractor of the collapsed Peshawar school, with the FIR saying poor materials were used and complaints ignored.
- Khyber Pakhtunkhwa
Eight terrorists killed in operations in Swat and Balochistan's Washuk
Swat police and CTD killed three TTP terrorists in Kanju, while ISPR said security forces killed five Fitna al-Hindustan terrorists in Balochistan's Washuk.
- Energy
Oil heads for weekly gain; Hormuz flows fall to 68pc of normal
Brent eased to $105.21 but was set for a weekly gain as Iranian attacks cut Hormuz oil flows to 68pc of normal. The IEA agreed to release 20m barrels of diesel.
- Trade
Ryanair and easyJet cancel thousands of winter flights over jet fuel costs
Ryanair and easyJet have cut thousands of winter flights, removing over a million seats, after European jet fuel prices doubled to $196 a barrel this year.
- Energy
Electricity bills to rise Rs2.56 a unit in November over fuel costs
The Power Division projected a Rs2.56 per unit fuel adjustment in November bills, adding Rs32.7bn, saying loadshedding averted a bigger rise of up to Rs6.
- Economy
FBR extends income tax return deadline to October 31
The FBR extended the deadline for 2026 income tax returns to October 31 after requests from trade bodies, as filings rose 34pc to 6.71 million by October 14.
- Khyber Pakhtunkhwa
FCC closes plea against KP chief minister after governor's rule
The Federal Constitutional Court called a challenge to Sohail Afridi's appointment infructuous after governor's rule. The petitioner will challenge the emergency.
- Punjab
Punjab proposes local elections in three phases next April
The Punjab cabinet wants local government polls on April 4, 11 and 18, 2027, instead of the ECP's proposed December 14 date, citing smog, fog and Ramazan.
- Gilgit-Baltistan
GB local polls set for Dec 5 in Gilgit, Skardu and Chilas
Gilgit-Baltistan's chief election commissioner announced a revised schedule: municipal corporation polls on December 5, and the remaining local bodies in April.
- Khyber Pakhtunkhwa
Naqvi says govt tried for months to bring KP on board before emergency
Interior Minister Mohsin Naqvi told the joint session that months of talks failed and the Centre acted reluctantly, as the TTAP suspended talks with the government.
- Trade
Sindh CM assures Chinese investors of security at Shanghai conference
At a Shanghai investment conference, Chief Minister Murad Ali Shah said Sindh has a dedicated police unit for Chinese nationals and announced more than two dozen MoUs.
- Khyber Pakhtunkhwa
Parliament approves KP emergency; PTI challenges it in court
The National Assembly and Senate approved the emergency in Khyber Pakhtunkhwa by majority vote, as PTI chairman Gohar Ali Khan asked the PHC to strike it down.
- Islamabad
Pakistan and Russia agree to deepen security ties, work on extradition treaty
Field Marshal Asim Munir met Russia's interior minister as both sides agreed to finalise an extradition treaty, as Pakistani and Chinese troops began a drill.
- Khyber Pakhtunkhwa
Afghan Taliban send cheap drones into Pakistan, where forces shoot them down
The Afghan Taliban are sending low-cost drones built from online parts into Pakistan, where forces shoot many down. Islamabad reported 23 in September.
- Economy
Aurangzeb outlines targeted fuel subsidies to IMF deputy chief
Finance Minister Aurangzeb discussed targeted fuel subsidies with IMF deputy chief Nigel Clarke in Bangkok, and US trade, Reko Diq and minerals with a US envoy.
- Economy
World Bank rates Pakistan's tax reform programme 'moderately satisfactory'
The World Bank rated its $700m Pakistan tax reform programme moderately satisfactory with substantial risk, flagging the vacant chief statistician post.
- Islamabad
Pakistan stands shoulder to shoulder with Saudi Arabia, PM tells alliance chief
PM Shehbaz Sharif met Makkah Defence Alliance chief Lt Gen (retd) Nauman Mahmood and reaffirmed Pakistan's unwavering commitment to Saudi Arabia's security.
- Khyber Pakhtunkhwa
Government seeks National Assembly approval for KP emergency
The government tabled a resolution seeking NA approval of the KP emergency, as Law Minister Tarar said terrorism there had become a threat to national security.
- Energy
First LNG cargo of October reaches Pakistan after terminals ran dry
A Qatari LNG cargo berthed at Engro's terminal, ending a four-day halt in LNG supply, but the second terminal stays idle and winter demand is set to soar.
- Markets
Car sales jump 43pc in first quarter despite auto policy uncertainty
Passenger car sales rose 43pc year-on-year in July to September, PAMA said, but delays in the auto policy and sales tax clarity are holding back investment.
- Islamabad
Pakistan Army test-fires extended-range Fatah-2 hypersonic missile
The Pakistan Army test-launched the Fatah-2 ER hypersonic ballistic missile, which ISPR said can defeat enemy missile defences and strike deep targets.
- Islamabad
Violence over a woman's 'no' to marriage shames society, says Supreme Court
The Supreme Court upheld a death sentence for a man who killed a woman for rejecting his proposal, saying a woman's free consent to marriage is her right.
