Business News Archive - Page 1

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Reko Diq Production Could Be Delayed Until 2030

Reko Diq Production Could Be Delayed Until 2030

Production at the Reko Diq copper-gold project could be delayed from 2028 to 2030 as security concerns and regional instability slow development. The operator is reviewing financing, costs and the construction schedule, but no revised production date has been officially confirmed.

Business
World Bank Approves $150m for Karachi Tax and Municipal Reforms

World Bank Approves $150m for Karachi Tax and Municipal Reforms

A $150 million programme will help Sindh modernise property-tax collection and finance municipal services across Karachi and other urban centres. It targets higher compliance, digital administration and reinvestment of most collected revenue into local infrastructure.

Business
Attack on Pakistan-Bound LNG Tanker Raises Winter Supply Risks

Attack on Pakistan-Bound LNG Tanker Raises Winter Supply Risks

A Qatari LNG tanker carrying fuel linked to Pakistan was struck near the Strait of Hormuz despite reportedly receiving Iranian clearance. The crew is safe, but uncertainty over the cargo’s delivery has raised concerns about winter gas supplies and replacement costs.

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PIA Welcomes First Boeing 787-9 Dreamliner for UK Routes

PIA Welcomes First Boeing 787-9 Dreamliner for UK Routes

PIA’s first leased Boeing 787-9 Dreamliner has arrived in Islamabad from London as the airline moves to modernise its fleet and expand UK operations. The aircraft is the first of two planned under an ACMI agreement with Norse Atlantic Airways.

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Pakistan Revises Petrol Pricing Formula Amid Regional Tensions

Pakistan Revises Petrol Pricing Formula Amid Regional Tensions

Pakistan has introduced a temporary petrol pricing formula that uses actual PSO import costs while fixing selected refinery calculations at pre-conflict levels for 30 days. The price difference will be adjusted through the petroleum levy to limit the impact on petrol consumers.

Business
Pakistan Takes G-24 Chair, Pushes Global Finance Reforms

Pakistan Takes G-24 Chair, Pushes Global Finance Reforms

Pakistan has assumed the G-24 chairmanship and will advocate for development financing, sustainable debt solutions, climate resilience and greater representation for emerging economies. The role strengthens Islamabad’s platform in global economic discussions but will require consensus-building to produce tangible reforms.

Business
Pakistan LPG shortage pushes market price as high as Rs630 per kg

Pakistan LPG shortage pushes market price as high as Rs630 per kg

LPG is reportedly selling for up to Rs630 per kilogram despite a newly notified official rate of about Rs294. Border-related supply disruptions and a threatened industry shutdown could intensify pressure on households and businesses ahead of winter.

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Pakistan targets up to $50bn in halal exports with certification push

Pakistan targets up to $50bn in halal exports with certification push

Pakistan is exploring annual halal exports worth up to $40–50 billion through internationally certified, value-added products and stronger overseas market links. The proposal covers food, pharmaceuticals, cosmetics, tourism and other sectors, but no implementation timeline or binding target has been announced.

Business
SECP Marks 39,704 Non-Filing Companies Inactive

SECP Marks 39,704 Non-Filing Companies Inactive

The corporate regulator has marked 39,704 companies inactive after four years of missing annual returns, financial statements or both. Their existing bank accounts and access to financial services will remain restricted until the outstanding filings are completed.

Business
PM Forms Committee to Review LPG Pricing and Import Reforms

PM Forms Committee to Review LPG Pricing and Import Reforms

Prime Minister Shehbaz Sharif has formed an eight-member committee to review proposed reforms that could transfer LPG importing and pricing responsibilities to state-owned enterprises. The panel has one month to assess the pricing system, cylinder standards, domestic allocations and measures intended to protect vulnerable consumers.

Business
Senate bill proposes quarterly gas price reviews in Pakistan

Senate bill proposes quarterly gas price reviews in Pakistan

A bill introduced in the Senate proposes quarterly reviews of natural gas costs linked to wellhead prices, imported gas and exchange-rate movements. The legislation aims to limit circular debt but could permit more frequent tariff revisions without a public hearing.

Business
AdalFi plans Rs652m PSX IPO to expand digital lending

AdalFi plans Rs652m PSX IPO to expand digital lending

Pakistani digital lender AdalFi plans to raise up to Rs652 million through an initial public offering on the Pakistan Stock Exchange next month. The company intends to use the proceeds to expand its data-driven Islamic financing and small-business lending services.

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