Business News Archive - Page 13

Browse older Business stories through permanent, crawlable archive pages.

Pakistan Sets June 2027 Target for Full Petrol Price Deregulation

Pakistan Sets June 2027 Target for Full Petrol Price Deregulation

Pakistan has set a tentative June 2027 deadline to fully deregulate petrol pricing, with the Petroleum Division planning a phased transition toward greater competition and market-based rates. The proposals include revised IFEM calculations, emergency safeguards for diesel prices, regulatory reviews and a final report for the prime minister’s approval.

Business
IMF Cites Pakistan as Model for Debt, Growth and Reform Drive

IMF Cites Pakistan as Model for Debt, Growth and Reform Drive

The IMF has cited Pakistan as a successful example of its joint three-pillar approach with the World Bank for sustainable debt, stronger growth and economic reform. The recognition highlights progress in domestic resource mobilisation and liability management while underscoring the need for continued policy discipline and international support.

Business
Pakistan Raises Petrol to Rs349, Diesel to Rs374.31 Per Litre

Pakistan Raises Petrol to Rs349, Diesel to Rs374.31 Per Litre

The federal government has increased petrol by Rs2.84 per litre to Rs349 and high-speed diesel by Rs2.28 to Rs374.31 for September 4. The latest hike comes amid rising international oil prices and adds fresh pressure on motorists, transport operators and businesses across Pakistan.

Business
PM Shehbaz Launches Trade Facilitation Board to Cut Trade Bottlenecks

PM Shehbaz Launches Trade Facilitation Board to Cut Trade Bottlenecks

Prime Minister Shehbaz Sharif has approved a new Trade Facilitation Board that he will personally chair to address non-tariff barriers and improve Pakistan's cross-border trade system. The initiative will focus on port capacity, faster cargo clearance, regulatory coordination and greater participation of small and medium-sized businesses in international trade.

Business
Pakistan Seeks More ADB Funding for $10bn ML-1 and PPP Projects

Pakistan Seeks More ADB Funding for $10bn ML-1 and PPP Projects

Pakistan has asked the Asian Development Bank to scale up financing for public-private partnerships and the $10 billion ML-1 railway project. Islamabad has already secured $2 billion for the Karachi-Rohri section, while talks are continuing on additional financing instruments, private-sector participation and railway institutional reforms.

Business
Pakistan Raises Record $3bn in Eurobond Sale as Orders Near $6bn

Pakistan Raises Record $3bn in Eurobond Sale as Orders Near $6bn

Pakistan has raised a record $3 billion through 5.5-year and 10-year Eurobonds after receiving nearly $6 billion in investor orders. The Finance Ministry says the transaction strengthens Pakistan’s return to international capital markets and supports its strategy to diversify funding and extend debt maturities.

Business
Pakistan Hikes Petrol to Rs346.16, Diesel to Rs372.03 for Sept 3

Pakistan Hikes Petrol to Rs346.16, Diesel to Rs372.03 for Sept 3

The federal government has increased petrol by Rs2.29 per litre to Rs346.16 and high-speed diesel by Rs1.11 to Rs372.03 per litre for September 3. The latest increase comes under Pakistan’s daily petroleum pricing mechanism as international oil-market volatility continues to feed into domestic fuel rates.

Business
Louis Dreyfus Opens 40,000-Ton Grain Storage Facility in Multan

Louis Dreyfus Opens 40,000-Ton Grain Storage Facility in Multan

Louis Dreyfus Company has opened a grain storage facility with capacity of around 40,000 metric tons at its first company-owned industrial site in Multan. The investment is intended to strengthen the global agribusiness group's Pakistan supply chain, improve services for suppliers and customers and support local employment.

Business
Deutsche Bank Signals Wider Pakistan Role as Finance Talks Deepen

Deutsche Bank Signals Wider Pakistan Role as Finance Talks Deepen

Deutsche Bank has reaffirmed its long-term commitment to Pakistan after talks with Finance Minister Muhammad Aurangzeb in Islamabad, signalling interest in expanding corporate and investment banking activities. The discussions also covered external financing, international capital markets and potential investment in energy, infrastructure, mining and technology.

Business
Pakistan Raises Petrol by Rs1.08, Diesel by Re0.51 Per Litre

Pakistan Raises Petrol by Rs1.08, Diesel by Re0.51 Per Litre

The federal government has increased petrol by Rs1.08 per litre to Rs343.87 and high-speed diesel by Re0.51 to Rs370.92 per litre. The revised ex-depot prices will take effect from September 2 under the government's petroleum pricing mechanism.

Business
Pakistan Raises Petrol 77 Paisa, Cuts Diesel Rs1.03 for September 1

Pakistan Raises Petrol 77 Paisa, Cuts Diesel Rs1.03 for September 1

Pakistan has increased petrol by 77 paisa to Rs342.79 per litre while cutting high-speed diesel by Rs1.03 to Rs370.41 per litre, effective September 1. The one-day revision comes under the government's more frequent petroleum pricing mechanism as international oil markets remain volatile.

Business
Aurangzeb Says Pakistan Shifting From Aid to Trade and Investment

Aurangzeb Says Pakistan Shifting From Aid to Trade and Investment

Finance Minister Muhammad Aurangzeb says Pakistan is moving from reliance on aid toward a trade- and investment-led economic model. He identified exports, productivity, private-sector growth and stronger cooperation with financial institutions as priorities for achieving sustainable development and creating jobs.

Business