Pakistan weighs tokenising its Eurobond debt, finance minister says
Finance Minister Aurangzeb said Pakistan is reviewing tokenising its existing Eurobonds and will seek cabinet approval before inviting proposals.
Business
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Govt revises petrol pricing formula to cut refinery premiums for 30 days
The cabinet changed how petrol is priced: import prices will follow actual PSO cargo costs and refinery premiums freeze at March 7 levels for 30 days.
PIA's first Boeing 787-9 Dreamliner lands in Islamabad from London
PIA's first Boeing 787-9 Dreamliner, wet-leased from Norse Atlantic, landed in Islamabad on flight PK-786 from Heathrow; an owners' group urges better service.
Brent near $117 as tanker is hit in Hormuz, oil set for fourth monthly gain
Brent rose to about $117, set for a 13pc monthly gain, after a tanker in the Strait of Hormuz was hit by explosives; traders fear escalation after the midterms.
Weekly inflation at 11.32pc as tomato prices jump 35pc in a week
Pakistan's weekly SPI inflation was 11.32pc year on year in the week to Oct 29; tomatoes rose nearly 35pc in a week and LPG is more than double last year's.
US Fed holds rates steady, hints more hikes may come
The Federal Reserve kept its rate at 3.75-4pc in a 10-2 vote before the US midterms; markets see an 80pc chance of a hike in December.
Pakistan and Qatar near revised LNG deal at 11.96pc of Brent
PSO sources say QatarEnergy's final offer prices LNG at 11.96pc of Brent for both contracts, with 66 cargoes a year; PSO wants cabinet approval by Nov 3.
World Bank: commodity prices to jump 23pc this year on war shocks
The World Bank expects commodity prices to rise 23pc in 2026 on the Middle East war and grain disruption, and warns of a food crisis if shocks combine
Oil prices fall as US-Iran peace efforts ease supply fears
Brent fell on hopes of a US-Iran settlement and talks in Tehran, but Houthi attacks on Saudi Arabia kept crude near six-month highs, Reuters reports.
Senate asks if petrol will last to December as minister says no shortage
Sherry Rehman asked whether petrol will last until December, while a minister said there is no supply problem and 10 million people get targeted fuel relief.
PM sets Rs4,500 per maund wheat price for 2027, up Rs1,000
PM Shehbaz Sharif set the wheat price at Rs4,500 per maund for 2027, Rs1,000 more than last year, but farmers had asked for Rs5,000 per 40kg.
Weekly inflation rises to 11.85pc as LPG, chicken and flour climb
Weekly inflation reached 11.85 per cent in the week to October 22, with LPG up 22pc in a week and 107pc on the year, and flour 36pc above last year.
LPG hits Rs750 a kg in northern KP as OGRA delays crackdown
LPG is selling at up to Rs750 a kilogram in northern KP against an official Rs279.34, while OGRA holds back a crackdown for fear of supply strikes.