Shehbaz promises an end to raw mineral exports; Munir pledges mine security
On day two the PM said Reko Diq output is expected in 2028 and raw exports will end, Field Marshal Munir pledged mine security, and NRL shared Chagai data.
Economy
The latest Economy news, reporting and analysis from The Indus Compass.
Pakistan pitches copper, gold and coal to investors at minerals forum
At the Pakistan Minerals Investment Forum, ministers pitched their resources. We compare what each province offered and what it admits is still missing.
Centre has taken Rs34.8bn from the provinces under the IMF-linked grant deal
The Centre has deducted Rs34.84bn from the four provinces under Article 164 in two months of FY27, part of a Rs1.035tr IMF-linked grant deal, The News reported.
ADB approves up to $500m of disaster financing for Pakistan
The ADB approved contingent disaster financing of up to $500m for Pakistan, to give quick budget support after floods, earthquakes and other disasters.
Weekly inflation rises to 12.31% as LPG and tomatoes jump
Short-term inflation rose to 12.31% in the week to November 5, with LPG up 115% and tomatoes up 79% on a year ago, the Pakistan Bureau of Statistics said.
Record reserves of $26.9bn, but external debt has doubled in a decade
Pakistan's total foreign exchange reserves hit a record $26.86bn, but the World Bank says external debt rose from $68.7bn in 2015 to $135.1bn in 2025.
Mega dams' cost rises to Rs3.5tr as ECC approves Rs275bn
The ECC approved Rs275bn for water projects as the cost of the Diamer-Bhasha, Dasu and Mohmand dams rose 176 per cent to Rs3.5 trillion, officials said.
FBR chairman says government intends to scrap super tax
FBR Chairman Rashid Mahmood Langrial said the super tax rate was already cut by two points and that work has begun on removing it gradually.
Saudi Arabia rolls over $3bn loan to Pakistan as US facility fades
Finance Minister Aurangzeb confirmed Saudi Arabia has extended its $3bn financing to Pakistan, as the proposed $10bn US facility looks increasingly unlikely.
Sindh cuts wheat release price by Rs500 to Rs4,500 per 40kg
Sindh's cabinet cut the wheat release price from Rs5,000 to Rs4,500 per 40kg, with flour falling Rs15 to Rs17 a kilo; it also approved a $1bn urban plan.
PM Shehbaz tells SBP to show banks no leniency on SME and farm loans
PM Shehbaz Sharif told the SBP and finance ministry not to go easy on banks that are slow lending to farmers, SMEs and Apna Ghar borrowers.
Adrian Hamilton-Manns becomes PIA's new chief executive
PIA's board has appointed Adrian Hamilton-Manns, a former SalamAir and FlyArystan chief, as chief executive, replacing AVM Amir Hayat after 4.5 years.
Consumer inflation eases to 9.6pc in October from 10.3pc
Pakistan's annual consumer inflation slowed to 9.6pc in October from 10.3pc as food prices eased, but transport and electricity costs kept rising, PBS says.