The government has confirmed that work is underway on a proposed new M-10 motorway that will provide a direct road connection between Karachi and Hyderabad, potentially creating a major addition to Sindh’s transport infrastructure. The development was shared in the National Assembly during Question Hour, where the federal parliamentary secretary for communications provided an update […]
Govt Pushes Pakistani Halal Businesses to Compete in Global Markets
The government is seeking to strengthen Pakistan’s position in the global halal economy by encouraging local halal businesses to identify international markets where they can compete, expand and build long-term growth. Finance Minister Muhammad Aurangzeb emphasized the importance of a targeted approach during a meeting with Islamic Chamber of Commerce and Development Secretary-General Shaikh Yousef […]
Goods Transporters Cut Freight Rates by 10% After Diesel Price Reduction
Goods transporters across Pakistan have announced a 10% reduction in freight charges following a significant reduction in diesel prices. The decision is expected to provide relief to businesses and consumers by lowering the cost of transporting commercial goods across the country. The All Pakistan Goods Transporters Association announced the freight rate reduction after diesel prices […]
Oil Prices Near $92 as Strait of Hormuz Blockade Disrupts Tanker Traffic
Oil prices climbed for a fourth consecutive day on Wednesday as growing tensions between Iran and the United States disrupted tanker traffic through the strategically important Strait of Hormuz. Brent crude rose to around $91.53 per barrel, while West Texas Intermediate (WTI) traded near $85.47 per barrel, according to the report. The continued increase reflects […]
Rawalpindi Ring Road Misses Sixth Completion Deadline as Tolling Work Delays Opening
The Rawalpindi Ring Road has missed its sixth completion deadline, with the major infrastructure project still awaiting inauguration despite August 14 being set as the latest target date. The 38.3-kilometer road is designed to connect Banth Mor on GT Road with the Thallian Interchange, creating an important alternative route around Rawalpindi and improving connectivity with […]
LESCO Replaces Damaged and Burnt Electricity Meters With Old Meters
Lahore Electric Supply Company (LESCO) has started reinstalling old electricity meters at locations where meters were previously burnt, damaged or removed for different reasons, according to sources. The development involves meters that had been taken out of service and subsequently examined through laboratory testing. The process is particularly linked to single-phase and three-phase meters removed […]
Pakistan Railways to Resume Shalimar Express with 14% Discount
Pakistan Railways is set to resume the Shalimar Express service from August 14, restoring an important rail connection between Lahore and Karachi after disruptions caused by damage to railway infrastructure. The Shalimar Express will operate through an adjusted route via Raiwind and Sahiwal. The revised arrangement comes as railway authorities continue to deal with damage […]
Pakistan Railways Ordered to Pay Rs. 50,000 Compensation Over Delayed Khyber Mail
Pakistan Railways has been ordered to pay Rs. 50,000 in compensation to a passenger after the Khyber Mail reached Karachi several hours behind schedule. The decision was issued by the Consumer Protection Court Karachi South following a complaint filed by the affected passenger. The case relates to a journey booked in 2025, when the passenger […]
Malik Riaz Appeals to Field Marshal Asim Munir for Intervention in Bahria Town Asset Dispute
Bahria Town founder Malik Riaz Hussain has appealed to Field Marshal Asim Munir and other senior authorities to intervene in what he described as a continuing crackdown against Bahria Town and the seizure and auction of its assets. In a written appeal, Malik Riaz raised concerns over the disposal of properties linked to Bahria Town, […]
SECP Simplifies Sukuk Issuance for Companies in Pakistan
Pakistan’s corporate debt market is set for a potential boost as the Securities and Exchange Commission of Pakistan (SECP) introduces a new practical guide aimed at simplifying Sukuk issuance for companies. The regulator has issued the “A Practical Guide for Corporate Issuers” to help businesses understand and navigate the process of issuing corporate Sukuk through […]