Business News Archive - Page 46

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LPG prices surge in Pakistan for April

LPG prices surge in Pakistan for April

Ogra has sharply increased LPG prices for April, lifting the cost of a standard domestic cylinder to Rs3,588.59. The move is likely to deepen cost-of-living pressure for consumers already facing expensive energy and fuel.

Business
World Bank unveils plan to overhaul Pakistan’s wheat sector

World Bank unveils plan to overhaul Pakistan’s wheat sector

The World Bank has outlined a reform agenda to modernise Pakistan’s wheat economy through productivity gains, private-sector participation and better governance. The plan is being pitched as a route to stronger food security and rural growth.

Business
Govt Nears Petrol Relief Plan for Bikers and Rickshaws

Govt Nears Petrol Relief Plan for Bikers and Rickshaws

The federal government says it is close to launching discounted petrol support for motorcycle and rickshaw owners. The relief plan is being shaped as rising global oil prices put added pressure on household transport costs in Pakistan.

Business
Kuwait Offers Fuel Support for Pakistani Vessels

Kuwait Offers Fuel Support for Pakistani Vessels

Kuwait has assured Pakistan of cooperation on diesel and jet fuel supplies for Pakistani-flagged vessels. The development comes as Islamabad seeks to strengthen energy security amid regional uncertainty.

Business
PSX tumbles as oil shock and bond yields hit investor mood

PSX tumbles as oil shock and bond yields hit investor mood

The Pakistan Stock Exchange slumped as a global oil shock and rising yields triggered a sharp risk-off move. Investors are increasingly worried about inflation, foreign outflows and the wider economic fallout from regional conflict.

Business
Saudi oil cargo bound for Pakistan crosses Hormuz route

Saudi oil cargo bound for Pakistan crosses Hormuz route

A Saudi crude cargo destined for Pakistan has transited the Strait of Hormuz despite sharply reduced maritime traffic. The movement highlights Pakistan's energy exposure as regional tensions continue to disrupt one of the world's key shipping lanes.

Business
Power crisis fears rise as Pakistan braces for summer shortfall

Power crisis fears rise as Pakistan braces for summer shortfall

Pakistan may head into summer with a serious electricity supply gap as LNG and coal constraints squeeze power generation. Officials are weighing costlier fallback options, with tariff hikes and load-shedding emerging as likely outcomes.

Business
Euronet, Keenu renew Pakistan payments partnership

Euronet, Keenu renew Pakistan payments partnership

Euronet Pakistan and Keenu have extended their partnership for a third five-year term to deepen digital payment services for merchants nationwide. The renewal is being positioned as a long-term investment in Pakistan’s evolving payments infrastructure.

Business
PIA restarts London flights after six years

PIA restarts London flights after six years

PIA has resumed direct London flights from Pakistan after a six-year break, signalling a major recovery milestone for the airline. Officials say the restart will benefit travellers and support plans to reopen more international routes.

Business
FBR opens probe into Rs48.4 crore reward payouts

FBR opens probe into Rs48.4 crore reward payouts

FBR has started probing reward payouts of Rs. 48.4 crore after fresh audit-related questions surfaced. The case puts the spotlight on accountability, internal controls and public-sector financial oversight.

Business
IMF clears path for $1.2bn support to Pakistan

IMF clears path for $1.2bn support to Pakistan

Pakistan has won a staff-level IMF agreement that may release about $1.2 billion after formal approval. The breakthrough is trending as a major sign of economic support and reform continuity.

Business
Kerosene jumps as PM freezes petrol, diesel prices

Kerosene jumps as PM freezes petrol, diesel prices

Pakistan has increased kerosene prices while holding petrol and diesel steady after direct intervention by the prime minister. The decision has gone viral because it blends consumer relief with renewed concern over the country's fuel and fiscal pressures.

Business