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.
Business
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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.
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.
KP emergency drags the PSX down 1,965 points
The KSE-100 index fell 1,964.87 points, or 1.18pc, to 165,124 as governor's rule in KP and Houthi attacks on Saudi Arabia kept investors on edge.
Americans Hall and Woodford win Nobel economics prize for crisis models
Robert Hall and Michael Woodford won the 2026 Nobel economics prize for models that help governments and central banks steady economies in crises.
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.
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.
IMF says AI could offset Asia's shrinking workforce
The IMF said AI could add up to a point of growth in ageing Asian economies, as Bill Gates warned of AI cyberattacks and Brad Smith urged regulation.
US fighter jet disables cargo ship trying to run Iran blockade
A US fighter jet disabled a Panama-flagged cargo ship in the Gulf of Oman that tried to run the blockade of Iran, as a tanker was hit near Hormuz.
Trump lifts sanctions on Russian diesel after deal with Putin
The US temporarily lifted sanctions on Russian diesel after Trump said Putin agreed to supply fuel to world markets; Zelenskiy called it a gift to Moscow.
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.
Oil falls after Trump rules out Iran attack before midterms
Brent fell to about $103 after Trump ruled out attacking Iran before the US midterms, as Tehran reviews a US reply on reopening the Strait of Hormuz.
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.