Business News Archive - Page 11

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Pakistan Warns Against Attack on Tanker as Diesel Supply Risks Grow

Pakistan Warns Against Attack on Tanker as Diesel Supply Risks Grow

Pakistan has warned against any attack on an empty oil tanker stranded near Saudi Arabia's east-west pipeline as officials consider alternative routes and crude suppliers. The situation has raised concern over diesel availability, with authorities indicating existing stocks cover only the current and following month.

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Pakistan Raises Petrol to Rs380.24, Diesel to Rs409.42 Per Litre

Pakistan Raises Petrol to Rs380.24, Diesel to Rs409.42 Per Litre

The government has raised petrol by Rs4.42 to Rs380.24 per litre and high-speed diesel by Rs6.10 to Rs409.42 per litre, effective September 15. The sixth consecutive increase comes as international oil prices remain above $100 a barrel amid renewed concerns over Middle East energy infrastructure and shipping routes.

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ECC Approves Rs75bn Funding for PM's Targeted Fuel Relief Scheme

ECC Approves Rs75bn Funding for PM's Targeted Fuel Relief Scheme

The Economic Coordination Committee has approved Rs75 billion in supplementary funding for the government's targeted petrol relief programme for motorcycles, three-wheelers and cars up to 800cc. The digitally administered scheme offers a Rs100-per-litre benefit within defined limits and is moving into phased implementation across the country.

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Gold Price Drops Rs3,800 per Tola as Pakistan Market Opens Lower

Gold Price Drops Rs3,800 per Tola as Pakistan Market Opens Lower

Gold prices in Pakistan fell sharply on Monday, with 24-karat gold dropping Rs3,800 to Rs453,336 per tola and the 10-gram rate also moving lower. Silver declined by Rs122 per tola as precious-metal markets remained volatile amid changing international bullion and interest-rate expectations.

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Roshan Digital Accounts Top 966,000 as Deposits Cross $13.9 Billion

Roshan Digital Accounts Top 966,000 as Deposits Cross $13.9 Billion

Roshan Digital Accounts held by overseas Pakistanis have reached 966,144, with cumulative deposits exceeding $13.9 billion by August 2026. More than $2.2 billion has been invested through the programme over six years, while around $3 billion remained deposited at the end of August.

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Pakistan Goods Transporters Raise Freight Charges 5% After Fuel Hike

Pakistan Goods Transporters Raise Freight Charges 5% After Fuel Hike

Pakistan’s goods transporters have raised freight charges by five per cent after diesel climbed to Rs403.32 per litre and petrol to Rs375.82. The transport alliance has also warned that a nationwide strike could resume if commitments reached with authorities after the August protest are not implemented.

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IMF Mission to Visit Pakistan in Coming Weeks for Next Programme Review

IMF Mission to Visit Pakistan in Coming Weeks for Next Programme Review

An IMF mission is expected to visit Pakistan in the coming weeks for the fourth review of the Extended Fund Facility, the third review of the Resilience and Sustainability Facility and Article IV consultations. Successful completion of the reviews and subsequent Executive Board approval could unlock about $1.2 billion in additional financing.

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Pakistan Auto Policy 2026–31 Gets PM Nod, EV Tax Relief Proposed

Pakistan Auto Policy 2026–31 Gets PM Nod, EV Tax Relief Proposed

Prime Minister Shehbaz Sharif has approved the initial draft of Pakistan’s Auto Policy 2026–31 and ordered further changes, with proposed incentives for electric vehicles, charging infrastructure and local manufacturing. The draft also restructures hybrid-vehicle duties and is expected to be discussed with the IMF in October before further approval steps.

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Pakistan, Gates Foundation Deepen Health and Digital Finance Cooperation

Pakistan, Gates Foundation Deepen Health and Digital Finance Cooperation

Pakistan and the Gates Foundation have agreed to expand cooperation in health, human capital, financial inclusion, digital innovation and private-sector development. The talks included maternal and child health, AI-based healthcare solutions, women’s economic participation and improved financing options for SMEs and agriculture.

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Ahsan Iqbal Pushes Tax Reform, Digital Shift for $1tn Economy

Ahsan Iqbal Pushes Tax Reform, Digital Shift for $1tn Economy

Ahsan Iqbal has called for wider tax reforms, digitalisation and stronger resource mobilisation to support Pakistan’s plan for a $1 trillion economy by 2035. The government is also seeking to broaden the tax base, increase exports and create more fiscal space for development spending.

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SBP Gains Access to High-Value Bank Data Under New Tax Framework

SBP Gains Access to High-Value Bank Data Under New Tax Framework

Pakistan is expanding automated scrutiny of high-value financial activity through a central banking-data framework linked with tax records. Transactions crossing the prescribed Rs100 million threshold will undergo algorithmic cross-matching, with significant discrepancies potentially referred for further compliance proceedings.

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Petrol Hits Rs367.75 as Pakistan Raises Fuel Prices for Third Day

Petrol Hits Rs367.75 as Pakistan Raises Fuel Prices for Third Day

Pakistan has raised petrol by Rs3.40 per litre to Rs367.75 and high-speed diesel by Rs6.72 to Rs392.67, marking the third consecutive day of fuel-price increases. The new rates take effect on September 10 after cumulative three-day increases of Rs21.88 for petrol and Rs14.62 for diesel.

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