Business News Archive - Page 3

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Sukkur-Hyderabad M-6 construction set to start next month

Sukkur-Hyderabad M-6 construction set to start next month

Communications Minister Abdul Aleem Khan says construction of the Sukkur-Hyderabad M-6 motorway will begin next month as part of a wider road-development programme. The project is intended to complete a major missing link in Pakistan’s north-south motorway network and improve freight connectivity with Karachi.

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Pakistan upgrades Karachi labs to boost farm safety and exports

Pakistan upgrades Karachi labs to boost farm safety and exports

Pakistan has modernised two agricultural laboratories in Karachi to improve plant-disease detection, pesticide-quality checks and residue testing. The facilities are intended to protect domestic crops, strengthen food-safety enforcement and help agricultural exporters comply with international standards.

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World Bank urges Pakistan to turn stability into sustained growth

World Bank urges Pakistan to turn stability into sustained growth

The World Bank has advised Pakistan to convert recent macroeconomic stability into sustained, investment-led and export-driven growth. Discussions with Finance Minister Muhammad Aurangzeb focused on policy continuity, private-sector investment, infrastructure financing and structural reforms.

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Pakistan Sets Rs4,500 Indicative Wheat Price for 2027

Pakistan Sets Rs4,500 Indicative Wheat Price for 2027

Prime Minister Shehbaz Sharif has raised Pakistan's indicative wheat price to Rs4,500 per maund for 2027, an increase of Rs1,000 from the previous benchmark. The rate is intended to encourage cultivation and support farmers but remains Rs500 below their representative body's demand.

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Pakistan’s Income Could Triple by 2050 as Economic Risks Persist

Pakistan’s Income Could Triple by 2050 as Economic Risks Persist

Pakistan’s income levels could triple by 2050 if structural reforms accelerate, but weak job creation, poverty, inflation and external energy shocks threaten that outcome. Sustainable gains will depend on higher productivity, private investment and consistent economic management.

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Sindh, UNIDO plan $40m rural development partnership

Sindh, UNIDO plan $40m rural development partnership

Sindh and UNIDO have discussed a province-specific development programme for which the UN agency plans to mobilise about $40 million. The funding has not yet been announced as secured, and no donor commitments or implementation timetable were disclosed.

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Pakistan prepares fresh EU GSP+ application under 2027 rules

Pakistan prepares fresh EU GSP+ application under 2027 rules

Pakistan will submit a fresh application for EU GSP+ status after revised rules take effect on January 1, 2027. Existing beneficiaries receive a grace period through December 2028, but continued preferential access will depend on measurable compliance with international commitments.

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Hyderabad LPG Prices Soar to Rs580 as Gas Shortages Deepen

Hyderabad LPG Prices Soar to Rs580 as Gas Shortages Deepen

LPG is selling for as much as Rs580 per kilogram in Hyderabad against an official October rate of Rs279.34. Gas shortages, rising demand and alleged excessive pricing have increased pressure on households and businesses.

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Petrol Falls to Rs379.31 as Pakistan Raises Diesel Price

Petrol Falls to Rs379.31 as Pakistan Raises Diesel Price

Pakistan has reduced petrol by Rs2.71 to Rs379.31 per litre while raising high-speed diesel by 31 paisa to Rs390.11. The revised ex-depot prices take effect on October 22 and reflect changes in international benchmarks, premiums and related costs.

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Pakistan Approves Auto Policy, Rejects Higher EV Sales Tax

Pakistan Approves Auto Policy, Rejects Higher EV Sales Tax

Prime Minister Shehbaz Sharif has approved a five-year automotive policy designed to expand domestic production, exports and competition. The government rejected a proposal to raise electric-vehicle sales tax to 18%, retaining concessional rates while introducing new export, localisation and transparency requirements.

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