Economy
PM Shehbaz says wheat is plentiful, warns hoarders of no leniency
PM Shehbaz Sharif told the first National Agricultural and Food Security Council that wheat stocks are ample and the wheat price will be announced soon.
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 7 of 10
- Trade
Textile exporters seek 6 to 8pc rebate to halt export slide
Textile exporters asked the government for a 6 to 8pc tax drawback tied to 10pc export growth, citing power tariffs, delayed refunds and costly financing.
- Economy
PM Shehbaz orders SME financing doubled to Rs2.2tr by 2028
PM Shehbaz Sharif told Smeda to double small business financing to Rs2.2tr by 2028 and ordered a third-party audit of Islamabad's Daanish IT Park.
- Economy
Funding gap halves foreign-funded projects to Rs255bn
The government cut rupee cover for foreign-funded projects from Rs537bn to Rs255bn, a Senate panel heard, while work on the M6 motorway is due within months.
- Punjab
Rehman Baba Express derails near Multan, killing at least six
At least six passengers were killed and dozens injured when all 14 coaches of the Peshawar-bound Rehman Baba Express derailed near Sher Shah in Multan.
- Khyber Pakhtunkhwa
KP emergency could last until 2029, says Rana Sanaullah
Rana Sanaullah said KP's emergency may run until 2029, as the governor reshuffled the bureaucracy, police held PTI workers and lawyers held a black day.
- Energy
Spot cargoes push Pakistan's winter LNG bill to $1.29bn
Pakistan plans to buy 10 LNG cargoes on the spot market this winter at about double the Qatari price, pushing the four-month import bill to $1.29bn.
- Economy
IMF raises Pakistan's inflation forecast to 9.9pc, keeps growth at 3.5pc
The IMF raised its forecast for Pakistan's inflation this fiscal year to 9.9pc from 8.4pc and kept growth at 3.5pc, below the government's 4pc target.
- Khyber Pakhtunkhwa
Kundi puts security before development on KP's first day under governor's rule
Governor Kundi told KP's apex committee that security comes before development, as police confirmed Sohail Afridi is in preventive custody.
- Pakistan
Dar warns Afghan Taliban they will pay for sheltering terrorists
Ishaq Dar warned the Afghan Taliban would face consequences for harbouring terrorists, and defended the KP emergency as a step against terrorism, not politics.
- Balochistan
Two army pilots martyred as training aircraft crashes near Quetta
Major Husnain Shehzad Humayun and Captain Abdul Samad were martyred when an Army Aviation Mushshak trainer crashed near Quetta due to a technical fault.
- Economy
Pakistan aims to raise over $1bn by selling five or six state firms
Finance Minister Aurangzeb said five or six state firms could be sold this fiscal year for over $1bn, and growth should top 4pc despite high oil prices.
- Energy
OGDCL plans to raise oil output by two-thirds by 2031
OGDCL aims to lift crude output from 36,013 to 60,384 barrels a day by 2030-31, as Pakistan seeks Libyan crude and Turkish help with exploration.
- Punjab
Punjab police deployed for PTI march complain of poor food and fatigue
Punjab police deployed in Attock for the PTI march complained of bad food and fatigue amid reports of a move to KP. The IGP said no decision had been taken.
- Khyber Pakhtunkhwa
Emergency and governor's rule imposed in Khyber Pakhtunkhwa
President Zardari approved emergency and governor's rule in KP under Articles 232 and 234, after the cabinet cited the province's failure on counterterrorism.
- Khyber Pakhtunkhwa
PTI says CM Afridi arrested after emergency imposed in KP
PTI chief Gohar Ali Khan called emergency rule in KP a 'grave political mistake', and the party's KP president claimed he and CM Sohail Afridi were arrested.
- Khyber Pakhtunkhwa
Centre names new KP chief secretary under emergency rule
The Centre named Fakhr Alam Irfan KP chief secretary and posted Yahya Akhunzada to the province, as sources said the emergency could cover 12 districts.
- Khyber Pakhtunkhwa
Forces foil Kurram infiltration bid, killing 12 attackers
Security forces killed 12 khawarij and Afghan Taliban personnel while foiling an infiltration bid in Kurram; Naib Subedar Hidayat Aman was martyred, ISPR said.
- Sindh
Bilawal calls KP emergency a political 'atomic bomb', urges PTI to talk
Bilawal Bhutto Zardari called governor's rule in KP a political 'atomic bomb' and a last resort, urging PTI to drop 'extremist' politics and rejoin parliament.
- Trade
PIA leases two Boeing 787 Dreamliners for UK flights from November
PIA signed a lease with Norway's Norse Atlantic for two Boeing 787-9 Dreamliners, the first in Pakistan, to fly long-haul UK routes from November.
- Islamabad
PM Shehbaz condemns Houthi attacks, vows to stand with Saudi Arabia
PM Shehbaz Sharif condemned Houthi attacks on Saudi airports, urged an immediate halt and said Pakistan's commitment under the Makkah pact is resolute.
- Economy
Flour up another Rs6 a kg as chakki owners reject wheat issue price
Karachi millers raised flour prices by Rs6 a kg, taking the week's rise to Rs20, while Hyderabad chakki owners and a PTI MPA attacked government wheat pricing.
- Energy
Petrol up Rs2.31 a litre, diesel up 78 paisas for Friday
The government raised petrol by Rs2.31 to Rs398.96 a litre and high-speed diesel by 78 paisas to Rs395.72 for October 9, under the daily pricing system.
- Sindh
Mir Raza Ali commission ends hearings with key questions open
The commission probing Wafflix owner Mir Raza Ali's death has ended after 15 sittings and 49 witnesses, with police still unsure if it was murder or suicide.
- Islamabad
Pakistan rejects NYT report of PAF jets striking Houthis as fake
The information ministry called a New York Times report that PAF jets were used against Yemen's Houthis fake, and warned media against speculative reporting.
- Khyber Pakhtunkhwa
Gohar seeks 'middle way' as Asif warns PTI against blackmail
PTI chief Gohar Khan urged a middle path in talks as the long march entered day five, while Khawaja Asif and Sharjeel Memon accused the party over terrorism.
- Economy
Pakistan and IMF reach staff-level deal for $1.2bn tranche
The IMF reached a staff-level agreement on Pakistan's fourth EFF review and third RSF review, clearing the way for about $1.2bn once its board approves.
- Khyber Pakhtunkhwa
KP CM Afridi seeks law to impeach Governor Kundi
KP CM Sohail Afridi called for a law to impeach Governor Faisal Karim Kundi over a security meeting, while Kundi said governor's rule could come if needed.
- Economy
Sindh to release subsidised wheat as flour prices climb again
Sindh CM Murad Ali Shah approved releasing government wheat at Rs12,500 per 100kg from October 15, after millers in Karachi raised flour prices by Rs14 a kg.
- Khyber Pakhtunkhwa
Security forces kill 18 terrorists in KP and Balochistan operations
Security forces killed 13 Fitna al-Khawarij terrorists in North Waziristan and five Fitna al-Hindustan terrorists in Mastung, state media reported on Wednesday.
