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Punjab Chief Minister Maryam Nawaz Sharif has approved a Rs10 billion subsidy to help keep flour prices under control. The provincial government also decided to increase subsidised wheat supply to flour mills at Rs3,800 per maund and directed officials to ensure affordable flour remains available to the public.
Finance Minister Muhammad Aurangzeb has left for Bangkok to lead Pakistan’s delegation at the IMF and World Bank Group annual meetings from October 12 to 18. The visit will include more than 60 engagements focused on reform progress, investment opportunities, international financing and Pakistan’s return to global capital markets.
The FBR chairman has directed tax officials to stop issuing advance income tax notices to salaried individuals whose only source of income is their salary. The move is expected to ease compliance pressure on salary-only taxpayers while still allowing notices for people with additional income sources.
Pakistan received $3.588 billion in workers’ remittances in September 2026, up 12.7 percent from the same month last year. Saudi Arabia remained the top contributor, followed by the UAE, the UK and the US, while first-quarter inflows rose 14 percent year-on-year.
Petrol has been reduced by 66 paisas to Rs398.30 per litre, while high-speed diesel has been increased by 52 paisas to Rs396.24 per litre. The revised rates will apply from October 10 to October 12 under the federal petroleum pricing mechanism.
More than 10 million people have benefited from the fuel subsidy scheme, while 21.7 million tokens have been issued and around 19.4 million redeemed. The government says Rs75 billion has been allocated to support motorcyclists, Qingqi rickshaw users and owners of vehicles up to 800cc.
Gold prices in Pakistan rose sharply as the per-tola rate increased by Rs5,900 to reach Rs440,936. The 10-gram rate also climbed to Rs378,031, while silver gained Rs144 per tola amid strength in the precious metals market.
Pakistan has restored a direct shipping link between Karachi and major European ports, giving exporters relief from longer transit times and rising freight costs. The revived service is expected to support export-oriented sectors, especially textiles, while authorities also work on port clearance and logistics reforms.
OGRA has raised petrol by Rs2.31 per litre and high-speed diesel by 78 paisas per litre for one day, setting the new prices at Rs398.96 and Rs395.72 per litre respectively. The report also outlines the Petrol Relief Scheme registration and token process for eligible motorcycle, Cingchi rickshaw and small-car owners.
NEPRA has approved a Rs1.11 per unit fuel charges adjustment for August 2026 electricity consumption, to be recovered in October bills. The adjustment will affect most distribution company and K-Electric consumers, while lifeline, prepaid and electric vehicle charging consumers are excluded.
The Pakistan Stock Exchange reversed early gains on Thursday as the KSE-100 index dropped more than 600 points by early afternoon. Broad selling hit banks, fertiliser, automobiles, technology and power shares, while investors remained cautious over high oil prices and regional supply concerns.
Sindh Chief Minister Syed Murad Ali Shah has approved the release of government wheat at Rs12,500 per 100kg from October 15 to stabilise flour prices. The province expects total available stocks to rise to 836,414 metric tonnes after Passco and imported wheat supplies are added.
