Latest News

JI warns of renewed protests if government fails to abolish petroleum levy

Published

46 minutes ago

November 7, 2026

Bilal

Jamaat-e-Islami Party leader Hafiz Naimur Rehman has warned that his party will take to the streets again if the government does not take steps to abolish the oil tax.

At a press conference in Idara Noor Haq, Hafiz Naeem said the party’s campaign against oil tax will continue until the government provides relief to the people. He said he had raised the issue with Deputy Prime Minister Ishaq Dar and asked him to abolish the tax, adding that the government collects Rs 1,500 billion every month through this tax.

Hafiz Naeem said Ishaq Dar promised that the government would share the relevant figures within a day or two. He added that Mr. Dahl argued that abolishing the tax would also benefit owners of heavy vehicles. In response, Hafiz Naim proposed increasing the tax on expensive cars from Rs 100 to Rs 200 while providing relief to the middle and lower income sections of the society.

The Jamaat-e-Islami chief said he had also met Prime Minister Shehbaz Sharif, who sought more time to consider additional relief measures. However, he reiterated that his party’s primary demand was the abolition of the petroleum levy. He also said that the federal and provincial governments had seized power through Form 47 and blamed corruption for the deteriorating situation in Sindh, especially Karachi.

Business

NEPRA increases electricity price by Rs2.36 per unit

Published

52 minutes ago

November 7, 2026

Bilal

The National Electric Power Regulatory Authority (NEPRA) has increased the electricity tariff by Rs 2.36 per unit under the Monthly Fuel Charge Adjustment (FCA), increasing the financial burden on electricity consumers.

According to NEPRA’s notification, the price increase has been made due to fuel cost adjustment in September 2026. The adjustment reflects the difference between the actual cost of fuel used to generate electricity and the previously determined baseline fuel cost.

As per the decision, electricity consumers will be charged an additional fee of Rs 2.3673 per unit on their bills as per the applicable FCA mechanism. The adjustment will be reflected in energy bills for November 2026.

Business

Pakistan’s trade deficit rises 16pc to 14.6 billion dollars in four months

Published

56 minutes ago

November 7, 2026

Bilal

Pakistan’s trade deficit increased by about 16% to $14.6 billion in the first four months of the current fiscal year (July-October) compared to $12.6 billion in the same period last year.

According to a document released by Pakistan Bureau of Statistics (PBS), the trade deficit in October 2026 also expanded by 19.7% compared to the same month last year. On a monthly basis, it increased by 10.3% compared to September.

According to the data, Pakistan’s exports increased by 2.2% in October compared to the same month last year, while imports increased by about 12%. In October, the country’s total exports amounted to $2.93 billion and imports amounted to $6.8 billion, resulting in a monthly trade deficit of $3.87 billion.

Compared to September 2026, exports in October increased only by 0.2%. However, the country’s trade deficit widened further due to a significant increase in imports.

Business

PSX gains 7,477 points during the outgoing business week

Published

1 hour ago

November 7, 2026

Bilal

-Pakistan Stock Exchange (PSX) showed a positive trend in the last business week with the benchmark KSE-100 index increasing by 7,477 points to close at 173,886.

According to the weekly market update, the index traded within a range of 9,614 points during the week, with a high of 176,604 points and a low of 166,989 points. Trading activity remained strong, with 4.28 billion shares changing hands during the week for a total value of Rs142 billion.

Meanwhile, the market capitalization increased by Rs520 billion over the week to reach Rs18.909 billion.