TOP STORIES
- Pakistan ends 23-year Q1 deficit trend with Rs1.27 trillion surplus
Pakistan reports its third consecutive first-quarter fiscal surplus, reversing a 23-year trend of deficits, with the primary surplus reaching Rs2.97 trillion. - Shehbaz Sharif, Erdogan agree to boost Pakistan-Türkiye strategic ties
Prime Minister Shehbaz Sharif and President Recep Tayyip Erdogan discuss trade, investment, defence and regional peace during their meeting in Antalya. - Govt repays Rs1.85 trillion to commercial banks in 4MFY27
Pakistan’s federal government significantly increased domestic debt repayments during July–October FY27, compared with just Rs45.61 billion retired in the same period last year. - Pakistan targets 55% clean energy mix, $188 billion investment by 2035
Prime Minister Shehbaz Sharif calls for concessional international financing and affordable technology to accelerate Pakistan’s clean energy transition, highlighting electric vehicle targets and investment needs.
FINANCE
- SBP profit plunges 20.4% as Pakistan’s non-tax revenue falls 14% in 1QFY27State Bank of Pakistan’s surplus profit declines to Rs1.93 trillion in the first quarter of FY2026-27, contributing to a reduction in federal and overall non-tax receipts.
- Chinese tech giant Transsion plans to expand manufacturing and investment in Pakistan
Finance Minister Muhammad Aurangzeb discusses greater localisation, component manufacturing and export opportunities with Transsion Holdings Chairman George Zhu. - Pakistan ends 23-year Q1 deficit trend with Rs1.27 trillion surplusPakistan reports its third consecutive first-quarter fiscal surplus, reversing a 23-year trend of deficits, with the primary surplus reaching Rs2.97 trillion.
- Pakistan mining project could generate $2.8 billion in exports, says Aurangzeb
Finance Minister Muhammad Aurangzeb says mining could contribute around 10% of existing goods exports as Pakistan builds on macroeconomic stability and pursues structural reforms.
NATIONAL
- KP cancels all gold mining leases, suspends operations across province
Governor Faisal Karim Kundi orders leaseholders to remove machinery within seven days following a deadly operation against illegal gold mining in Kohat. - NCCIA chief reviews administrative affairs, orders improved coordination
DG Syed Ali Nasir Rizvi directs officers to strengthen institutional discipline, improve administrative efficiency and enhance coordination among departments. - Petrol price reduced by Rs2 to Rs330 per litre in Pakistan
Government cuts petrol price to Rs330 per litre from November 14, while keeping high-speed diesel unchanged at Rs360 amid global oil market volatility. - Pakistan reduces petrol price to Rs332, diesel to Rs360 per litre
Petrol prices have been cut by Rs3 and high-speed diesel by Rs4 per litre, with revised rates effective from November 13 under the daily fuel pricing mechanism.
TAXATION
- FBR sets January 31 deadline to finalise income tax return forms for Tax Year 2027
Updated Income Tax Rules 2002 establish a step-by-step schedule for preparing, consulting on and notifying tax return forms, with draft forms due by December 1, 2026, and final forms by January 31, 2027. - FBR issues income tax return filing rules for Tax Year 2027
The updated Income Tax Rules, 2002 specify return forms, verification requirements and supporting documents taxpayers must submit for tax year 2027. - FBR tax-to-GDP ratio drops to 2.1% despite higher revenue collection in 1QFY27
Pakistan’s tax collection rises to Rs3.09 trillion, but the expanding economy pushes the Federal Board of Revenue’s tax-to-GDP ratio lower year-on-year. - Punjab plans prize scheme for customers paying hotel and restaurant bills through QR codes
Punjab Revenue Authority announces rewards for QR-code payments and warns hotels and restaurants of legal action for refusing digital transactions.
MONEY & BANKING
- Pakistan approves major changes to foreign exchange regulations
Cabinet committee approves proposed changes to foreign exchange penalties, alongside legislative reforms covering SECP laws and plant protection functions. - Bitcoin price crashes below $70,000 as cryptocurrency loses ground
Bitcoin falls 4.63% in 24 hours to $68,095, extending its weekly and monthly losses as the cryptocurrency faces renewed selling pressure. - Mobilink Bank signs deal to acquire 82.51% stake in Apna Microfinance Bank
United Insurance Company of Pakistan and its group companies have signed a share purchase agreement to sell their entire collective stake to Mobilink Bank, subject to regulatory approvals. - SBP raises currency transaction reporting threshold to Rs3 million
The revised threshold takes immediate effect, requiring banks and other regulated entities to report qualifying currency transactions to the Financial Monitoring Unit.
TRADE AND INDUSTRY
- KCCI condemns FIR against North Karachi industrialist, calls for withdrawal
Karachi Chamber president Talat Mahmood describes the case under the KW&SC Act 2023 as an apparent act of victimisation against a business leader. - FPCCI condemns FIR against NKATI leader Faisal Moiz Khan
Federation urges Sindh government and police authorities to withdraw the alleged false case and launch an inquiry into the complaint. - Pakistan woos global mining giants as Ivanhoe signs Chagai Copper-Gold deal
Petroleum Minister Ali Pervaiz Malik meets executives from Barrick, Weir, Trafigura and Çalik Holding as international companies explore investment opportunities in Pakistan’s minerals sector. - PwC conducts orientation visit ahead of independent audit at Pak-China Friendship Hospital
Global consultancy prepares to evaluate clinical standards, patient safety and operational efficiency under Islamabad’s public-private partnership healthcare model.
AUTOMOTIVE
- Jaecoo J5 BEV challenges 2027 Toyota Corolla with more power at a similar price
The locally assembled electric crossover offers stronger performance, modern technology and lower running costs, while Toyota’s Corolla retains its advantage in refuelling convenience and resale value. - Toyota S-FR could finally enter production in 2027 as affordable rear-wheel-drive sports car
Toyota is reportedly considering reviving its long-awaited S-FR concept as a compact kei sports coupe, potentially featuring a 660cc turbocharged engine, rear-wheel drive and a manual transmission. - Super Power introduces Pakistan’s cheapest 200cc bike with impressive features
The new Leo 200 arrives at Rs480,000 with a balancer shaft, naked styling, tubeless tyres and a claimed fuel average of up to 45.5 km/L. - Super Power Archi 150 launched in Pakistan at Rs380,000 with new featuresThe new 149cc commuter motorcycle offers a front disc brake, alloy wheels, tubeless tyres and a claimed fuel average of 50 km/L.
IT & TELECOM
- New Apple TV 4K users report YouTube app error after launch
Owners of Apple’s fourth-generation Apple TV 4K are encountering black screens and device-testing warnings when opening YouTube, with a software update offering a possible workaround. - Google Wallet connects to Gemini for personalised financial insights
Google is adding Wallet to Gemini’s Personal Intelligence feature, allowing users to analyse spending habits, track subscriptions and create budgets through AI-powered conversations. - Google Pixel November 2026 update causes camera and display problemsPixel owners report black camera screens, broken desktop mode and notification glitches after installing Google’s latest software update.
- GTA 6 buyers report missing digital codes in sealed game cases
Some PlayStation and Xbox customers say their pre-ordered physical copies contain no download code, raising concerns about packaging and customer support ahead of launch.