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Key Pakistan Market Stats and Economic Indicators

Weekly roundup of Key Economic releases and market data and statistics

Mettis Globalneutral

SBP rejects claims linking Raast to money laundering

The State Bank of Pakistan (SBP) has clarified that recent social media reports claiming the Financial Action Task Force (FATF) identified Raast as a money-laundering channel are misleading and misrepresent the actual findings of the FATF report.

Mettis Globalneutral

Prices of essential food items remain unchanged

PESHAWAR: Prices of essential food commodities, like live chicken/meat, flour, vegetable, pulses and other remained high in the retail market. A one kilogram live chicken/meat was available at Rs375 per kilogramme, it was revealed in a weekly survey carried out by Business Recorder here on Sunday. No change in prices of cow meat as a one kilogramme cow meat without bone available at Rs1350 and cow

Business Recorderpositive

Digital P2G payments gain momentum

KARACHI: Person-to-Government (P2G) payments through digital channels are gaining momentum, with 1LINK alone processing around Rs13.5 trillion in tax and other government payments during 2025. As per industry statistics, the use of digital channels for tax, other government payments and revenue collection in Pakistan is rapidly increasing and people are opting to pay government dues electronically

Business Recorderpositive

Evolving global economic context: Body to prepare draft BIT policy

ISLAMABAD: The Federal Cabinet has constituted a committee to review Pakistan’s bilateral investment treaty (BIT) framework and prepare a draft BIT Policy in line with the evolving global economic context, well-informed sources told Business Recorder. The committee, to be known as the Committee on Bilateral Investment Treaties, has been constituted under Rule 17(3) of the Rules of Business, 1973.

Business Recorderpositive

Govt to penalise refineries failing to sign UAs by Oct 1

ISLAMABAD: The federal government has decided to impose financial penalties on oil refineries that fail to execute Upgradation Agreements (UAs) with the Ministry of Energy (Petroleum Division) by October 1, 2026, well-informed sources in the Petroleum Division told Business Recorder. The decision was taken by the Federal Cabinet during a recent meeting while considering the Cabinet Committee on En

Business RecorderneutralPPL

FBR sets timelines to clear deferred ST refund claims

ISLAMABAD: The Federal Board of Revenue (FBR) has prescribed stage-wise timelines for processing and disposal of sales tax refund claims deferred through its “FASTER” system, directing field formations to clear the backlog and prevent accumulation of pending claims. According to the FBR’s instructions issued to the field formations, a significant number of refund claims deferred by the FASTER syst

Business RecordernegativeHBLMCBUBLBAHLLUCK

GMO corn approval poses grave threat to farmers, food, economy: experts

LAHORE: A unilateral move to approve the cultivation of genetically modified (GMO) corn in Pakistan has triggered deep alarm and anger across agricultural circles, with farmers, scientists, exporters, processors, academia and agriculture experts warning that the decision amounts to a “suicide attack on food security, human health and a multi-billion dollar export industry.” At a national represent

Business Recordernegative

Governor pays tribute to martyrs on Defence Day

KARACHI: Sindh Governor Syed Muhammad Nihal Hashmi on Sunday paid tribute to the soldiers who lost their lives defending Pakistan during the 1965 war. In a message on the Defence Day, falling on 6th September, Hashmi called for national unity and continued commitment to the country’s security and development. The Governor said the day served as a reminder of the sacrifices made by members of the a

Business RecordernegativePSOSHELAPLHASCOLOGDC

WHT on immovable property sales surges 56.9pc

ISLAMABAD: The Federal Board of Revenue (FBR) has witnessed a huge increase of 56.9 percent (Rs.66.7 billion) in collection of withholding tax on sales of immovable property during July-June (2025-26) against the same period last fiscal year. According to the FBR’s data for the whole fiscal year (2025-26), major contributions of withholding taxes during 2025-26 included contracts, imports, sale of

Business RecordernegativeHBLMCBUBLBAHLLUCK

Afridi vows to stay in Sindh until ‘Karachi rally’

KARACHI: Khyber Pakhtunkhwa Chief Minister Sohail Afridi vowed on Sunday night that he would not leave Sindh until he holds a rally in Karachi to seek public support for the release of the Pakistan Tehreek-e-Insaf (PTI) founder from jail. Afridi said his tour of Sindh was aimed at mobilising support for a Sept 27 rally towards Islamabad to press the government for Imran Khan’s release. Wearing a t

Business Recorderneutral

KE denies RLNG payment delays

ISLAMABAD: K-Electric has said it is neither delaying nor defaulting on payments for RLNG supplied by Pakistan LNG Limited (PLL), and has sought implementation of the agreed pricing mechanism and reconciliation of payments. Reacting to a story appeared in Business Recorder on September 4, 2026, based on a letter written by PLL to K-Electric’s Chief Executive Officer, a K-Electric spokesperson issu

Business RecorderneutralKEL

CM Maryam pays tribute to armed forces on Defence Day

LAHORE: Punjab Chief Minister Maryam Nawaz Sharif paid glowing tribute to the officers and soldiers of Pakistan Army, Pakistan Air Force and Pakistan Navy, as well as the martyrs and Ghazis, on the occasion of Defence Day here on Sunday, saying the entire nation was proud of its brave armed forces. In her message, the chief minister said the armed forces had set new standards of professionalism du

Business Recorderneutral

Pakistan dispatches humanitarian aid to Nepal

ISLAMABAD: At the directions of the Prime Minister of Pakistan, the government of Pakistan dispatched 100 tons of humanitarian assistance to the Federal Democratic Republic of Nepal on Sunday to support relief efforts following the recent devastating floods and landslides. The humanitarian assistance, coordinated by the National Disaster Management Authority (NDMA), was sent by a chartered flight

Business Recorderneutral

PTI’s Hammad Azhar arrested in Multan

MULTAN: Police have detained former National Assembly member (MNA) and Pakistan Tehreek-e-Insaf (PTI) leader Hammad Azhar in Multan after he remained underground for a long period. The police sources said former Punjab governor Muhammad Azhar’s son, Hammad Azhar, was arrested in Multan and later handed over to Lahore Police. Police said Hammad Azhar was wanted in several cases linked to the May 9,

Business Recorderneutral

Govt burdening public to hide its incompetence: Naeem

LAHORE: The Shehbaz Sharif administration is systematically shifting the heavy burden of its own governance failures and systemic corruption directly onto the shoulders of the general public, Jamaat-e-Islami Pakistan Chief Hafiz Naeem ur Rehman declared during a press conference in Lahore on Sunday. Addressing media representatives on the twenty-second consecutive day of an ongoing sit-in staged r

Business Recordernegative

China to pump USD54bn into state banks, insurers

BEIJING: China’s finance ministry will lead a combined USD54 billion capital injections into state-owned insurers and banks, the companies said on Sunday, in a coordinated push by Beijing to shore up capital across its financial system. China Life Insurance (Group) Co, the country’s largest life insurer, will receive 35 billion yuan (USD5.2 billion), while China Taiping Insurance Group will get 7

Business RecorderneutralJLICLTPLLIGIL

Underprivileged children to access science learning under new partnership

KARACHI: Children from underserved communities will gain access to interactive science and experiential learning opportunities at The Dawood Foundation’s MagnifiScience Centre through a new education-focused partnership supported by Wafi Energy Pakistan Limited’s Tameer Trust. The initiative will sponsor student visits to the Centre, allowing young learners to explore science, technology, engineer

Business RecorderpositiveWAFI

Balakot HPP to generate Rs15bn annually for KP, says provincial minister

PESHAWAR: Construction work is underway at a rapid pace on 300 MW Balakot Hydropower Project, the province’s largest hydropower project in Mansehra district of Khyber Pakhtunkhwa, which will prove to be a game-changer in stabilizing the province’s economy and creating new employment opportunities. Moreover, Balakot Hydropower Project is a flagship project of the provincial government and will be c

Business Recordernegative

Petroleum levy protest: JI sit-in enters its 22nd day

KARACHI: A Jamaat-e-Islami (JI) sit-in outside the Governor House against the petroleum levy, taxes and agreements with independent power producers (IPPs) entered its 22nd day on Sunday, as traders and residents joined the protest, raising economic and civic grievances. JI Karachi chief Monem Zafar Khan said the withdrawal of the petroleum levy was among the main demands of the campaign, which he

Business RecorderpositivePPL

Work on Jabba Dam suspended due to security concerns

PESHAWAR: Construction work on Jabba Dam in Jamrud tehsil of Khyber district has been temporarily suspended due to security concerns, officials from the Irrigation Department and district administration said on Sunday. According to sources, security arrangements are expected to be completed soon, after which construction work on the dam will resume. Officials said the construction company had alre

Business Recordernegative

Dentists can detect early signs of smoking-related harm

KARACHI: Smoking-related harm can become visible in the mouth before patients recognise health consequences, placing dentists in a key position to identify warning signs and encourage intervention, according to dental surgeon Prof Dr Aqeel Shaikh. “The effects of smoking are often first visible in the oral cavity,” Dr Shaikh said, noting that routine dental examinations can reveal changes linked t

Business Recorderneutral

Business community given opportunity for compliance: RTO Hyderabad launches digital invoicing enforcement drive

HYDERABAD: The Regional Tax Office (RTO) Hyderabad has initiated enforcement action to ensure compliance with the digital invoicing system and the provisions of the Sales Tax laws. During the course of the enforcement drive, approximately 30 vehicles carrying goods were stopped, as the required digital invoices and relevant documents were not available. It was observed that, despite registration i

Business Recorderneutral

Murad pays tribute to martyrs, national heroes

KARACHI: Sindh Chief Minister Syed Murad Ali Shah has paid rich tribute to the martyrs and national heroes on the occasion of Defence and Martyrs Day, saying that September 6 reminds the nation of the unforgettable sacrifices made for the defence of the motherland. In his message on the occasion of Defence Day on Sunday, the Chief Minister said the nation paid homage to those, who sacrificed their

Business Recorderneutral

Zero-tolerance drive against corruption: 12 Civil Defence personnel dismissed, 37 suspended

LAHORE: Punjab Home department has initiated decisive action within the Civil Defence Punjab. Setting a strong example of internal accountability, the Director Civil Defence Punjab has dismissed 12 personnel from service, suspended 37 officers and officials, and transferred 7 officers over allegations of corruption, misconduct and inefficiency. Those dismissed from service include Farman Ullah fro

Business Recorderpositive

Weekly Cotton Review: Production rises 27pc to 1.7m bales YoY

KARACHI: Cotton production has reached 1.7 million bales, marking a 27 percent increase over last year’s output. The sharp rise in production, combined with a significant drop in New York cotton prices, has pushed local cotton rates down by Rs. 500 to Rs. 700 per maund. However, trading volume remained comparatively subdued as the arrival of phutti, or seed cotton, continued to be limited. Meanwhi

Business Recordernegative

Irfan’s exhibition ‘Safar-e-Khayal’ inaugurated

KARACHI: Sindh Information Secretary Kashif Gulzar Sheikh inaugurated the first solo painting exhibition, “Safar-e-Khayal,” by renowned artist Irfan Ahmed. Dr. Nasir Janjua was also present on the occasion. The exhibition was held at Studio Sarai, Phase VI, Defence Housing Authority (DHA), Karachi. Speaking on the occasion, Sindh Information Secretary Kashif Gulzar Sheikh said that art and culture

Business Recorderneutral

Costs imposed by bench deposited, tribunal told

ISLAMABAD: Commissioner Inland Revenue, Regional Tax Office, Multan, personally appeared before the Appellate Tribunal Inland Revenue, Multan and tendered assurance that the costs imposed by the Bench have been deposited. The matter pertains to anappeal filed by Sultan Ahmad, Multan-Versus the Commissioner Inland Revenue, RTO, Multan. During the hearing, the Tribunal Bench comprising Naveed Zafar

Business Recorderneutral

SIUT welcomes Dr Azhar as chief of oncology services

KARACHI: The Sindh Institute of Urology and Transplantation (SIUT) has appointed Dr. Azhar Rashid as Chief of Oncology Services, strengthening its medical and radiation services across its cancer care network in Karachi and Sukkur. Dr. Rashid, an experienced clinical and radiation oncologist, holds expertise in medical oncology, radiation oncology and stereotactic radiosurgery. He has an MSc. in O

Business RecorderpositivePSEL

Dow Jones Futures Fall With Iran, Apple, Inflation In Focus; Nvidia, Micron, Sandisk Flash Buy Signals

Investorsnegative

Chancellor to unveil growth plan with £150m fund for northern firms

John Healey will detail plans to spread growth more widely across the UK, ahead of his first Budget.

BBCpositive

Warren Buffett has a stark message for stock market investors

Financenegative

The £70 refund letter that isn't a scam

About one million people - mostly women - are owed pension tax relief and will be contacted by HMRC.

BBCneutral