Market News
METTIS GLOBAL• Oct 21, 2026Dire Straits? Not for Gulf oil as flows top prewar mark
Oil shipments from the Persian Gulf have risen above their prewar levels, as a makeshift shipping arrangement backed by the US helps tankers get crude through the Strait of Hormuz despite one of the fiercest waves of Iranian attacks yet.
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Coastal flood damages in Asia-Pacific could reach $199b annually by 2050: ADBRegion's coastlines generate $7 trillion in annual economic output but face intensifying threats
THE EXPRESS TRIBUNE• Oct 21, 2026
Pakistan, Maldives sign MoUs on defence, IT, agriculture and tourismThe agreements were signed during the three-day state visit of Maldives President Dr Mohamed Muizzu, the first visit by a Maldivian president to Pakistan in 11 years, coinciding with the 60th anniversary of diplomatic relations between the two countries.
BUSINESS RECORDER• Oct 21, 2026
PM Shehbaz vows to strengthen Maldives ties for 'all time to come'; 20 MoUs signedMuizzu arrived in Islamabad on Tuesday on a three-day visit at the invitation of PM Shehbaz Sharif.
DAWN• Oct 21, 2026
Pakistan Petroleum’s headquarters relocation to Islamabad faces PPP opposition; govt denies political motivesPetroleum minister says PPL’s operational assets and field offices will remain in Karachi, while relocating headquarters to Islamabad will improve coordination with government departments...
PROFIT BY PAKISTAN TODAY• Oct 21, 2026
NCCIA arrests suspect in Lahore over Rs35bn fraudThe National Cyber Crime Investigation Agency (NCCIA) has arrested Faheem Akram in Lahore for his alleged role in an online fraud worth Rs35 billion involving counterfeit American postage stamps.METTIS GLOBAL• Oct 21, 2026
Pakistan Customs revises carbon steel seamless pipe import valuations using London Metal Exchange pricesFBR sets separate valuation formulas for Chinese and other imports, adding $50 per tonne for billet differential, $300 for fabrication and actual freight costs following objections from local manufacturers...PROFIT BY PAKISTAN TODAY• Oct 21, 2026
