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.
Business
Markets, economy, trade, energy and personal finance. Latest business news and analysis from The Indus Compass.
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.
PSX extends recovery to reclaim 166,000; SBP reserves rise
The KSE-100 rose 768.66 points to 166,186 as buying returned to index-heavy stocks, while SBP reserves rose $16m to $21.469bn in the week to October 9.
IMF says India will pass Japan as fourth-largest economy in 2027
The IMF projects India's GDP at $4.52 trillion in 2027, ahead of Japan, and warns Gulf economies will not return to their pre-war path soon after the Iran war.
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.
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.
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.
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.
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.
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.
UNDP launches jobs and investment push for developing countries
UNDP chief Alexander De Croo said 'alarm lights' are on orange for developing countries hit by energy costs, high interest rates and a super El Nino.
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.
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.