Solar power overtakes nuclear in Pakistan for the first time
Pakistan's nuclear output hit a record 22.5TWh in 2025, but solar generated 36.3TWh, overtaking nuclear for the first time, a global industry report says.
Business
Markets, economy, trade, energy and personal finance. Latest business news and analysis from The Indus Compass.
Saudi Arabia quietly shelves futuristic NEOM World Cup stadium
Saudi Arabia has shelved its planned $2.5bn NEOM Stadium for the 2034 World Cup, sources say, as The Line is scaled back and war strains the kingdom's finances.
PSX jumps over 1,600 points as IMF talks lift mood
The KSE-100 rose 1,610.96 points to 171,211.36 as hopes for Pakistan's IMF review lifted investors, a day after the index slipped below 170,000.
Power bills may rise Rs1.73 a unit, adding Rs29.5bn burden
The CPPA has asked Nepra to add Rs1.73 a unit to electricity bills as a fuel adjustment for August, a Rs29.5bn burden on consumers including K-Electric users.
Saudi oil flows from Yanbu recover after drone attacks
Saudi Arabia has resumed tanker loadings at Yanbu after restarting its East-West pipeline, and the US offered 40 million barrels from its reserve, pushing oil prices down.
Petrol cut by Rs1.49, diesel by Rs2.73 as oil prices ease
Petrol now costs Rs387.54 a litre and diesel Rs402.24 from today, the second cut in two days as world oil prices ease and Saudi exports recover.
PM Shehbaz woos JP Morgan, BlackRock and Citi in London
PM Shehbaz Sharif met five global financial firms in London and became the first Pakistani PM to open trading at the London Stock Exchange.
7.6 million sign up for fuel relief as Dar praises 'whole of government' effort to ease war-driven petrol costs
Deputy PM Ishaq Dar reviewed the PM's fuel relief scheme, under which 7.6 million motorcycle, rickshaw and small-car owners have registered for Rs100 a litre off.
Aurangzeb opens formal talks with IMF mission as Pakistan seeks next $1.2bn
Finance Minister Muhammad Aurangzeb held a kick-off meeting with the IMF mission reviewing Pakistan's $7bn loan, with about $1.2bn at stake by early November.
Punjab Revenue Authority and World Bank agree to build digital system to widen tax base
The PRA and World Bank agreed to use data integration and analytics to find tax evasion and bring new businesses into Punjab's tax net, with PITB's help.
PSX: KSE-100 slips 340 points as oil above $106 and Iran stalemate weigh on sentiment
The KSE-100 fell 0.2% to 170,425.62 on Monday as Brent crude rose above $106 and Trump rejected an Iranian ceasefire proposal. Trading volume fell 12.8%.
FBR ends sales tax and digital invoices on factory-to-warehouse transfers to curb harassment
Goods moved between a factory and warehouse under the same sales tax registration are no longer a taxable supply, and officers may not stop vehicles without cause.
Government notifies new public procurement rules as IMF mission holds talks in Islamabad
The Public Procurement Rules 2026 replace the 2004 rules, make the e-PADS system mandatory and add blacklisting and appeals, as IMF talks on $1.2bn continue.