IMF urges Pakistan to look beyond fiscal targets to boost growth
IMF director Jihad Azour said Pakistan's fiscal policy must go beyond primary balance targets to fund investment, as Zardari pledged more reforms.
Business
Markets, economy, trade, energy and personal finance. Latest business news and analysis from The Indus Compass.
OpenAI seeks $30 billion at $1.4 trillion valuation before Anthropic IPO
OpenAI is racing to raise $30 billion at a valuation above $1.4 trillion before rival Anthropic lists, as Sam Altman sets out three possible endgames for AI.
Google Cloud outage disrupts Revolut and other UK services
A Google Cloud outage in its London region disrupted Revolut and other services on Tuesday, leaving some customers unable to make payments or reach their money.
Brent crude holds near five-month high on Houthi attacks
Brent crude rose to about $110 a barrel, near a five-month high, on Houthi attacks on Saudi targets, while the PSX edged up on buying in oil, cement and banks.
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.
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.
LPG up Rs100 a kg as border curbs hit Iranian supply
LPG prices jumped Rs100 a kilogram over the weekend after import exemptions on Iranian cargo were withdrawn, and the industry wants daily pricing before winter.
Cotton arrivals rise 7.5pc but 150 textile mills sit idle
Cotton arrivals reached 4.08 million bales by October 15, yet industry bodies say 500 ginning factories and over 150 textile mills are closed.
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.
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.
Tesla unveils Roadster with SpaceX thrusters, production set for 2028
Tesla showed a redesigned Roadster that used SpaceX-built thrusters to jump over a truck, and said production would start in 2028, years after it was promised.
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.
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.