Category: Latest News

Pakistan Invites Saudi Investment in Key Motorway Projects, Including M-6 Sukkur-Hyderabad Corridor

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New-Project132

ISLAMABAD: Pakistan has invited Saudi investors to participate in the development of three major motorway projects, including the long-awaited M-6 Sukkur-Hyderabad Motorway, as part of efforts to attract foreign investment into the country’s transport infrastructure sector. The invitation was extended by Federal Minister for Communications Aleem Khan during a meeting with Prince Mansour bin Muhammad Al Saud, Chairman of the Saudi-Pakistan Joint Business Council (SPBC), to discuss bilateral economic cooperation and investment opportunities. According to the Ministry of Communications, the minister highlighted three strategic infrastructure projects for potential Saudi investment:…

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Govt reduces petrol price by Rs4, keeps diesel price unchanged

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Petrol-Price

The government on Friday cut the petrol price by Rs4 per litre and kept the diesel rate unchanged with immediate effect for the week ending June 12, owing to changes in global prices over the past week. Accordingly, the ex-depot price of high-speed diesel (HSD) will remain fixed at Rs380.78 per litre for another week. The government made adjustments in taxes and other levies to maintain the diesel price, which is otherwise considered on the higher side. The price of diesel has come down from a peak of Rs520.35 recorded…

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Business Community Demands Transition from Stabilization to Growth Model in the Upcoming BudgetAtif Ikram Sheikh, President FPCCI

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FPCCI-Project

Karachi: Mr. Atif Ikram Sheikh, President of The Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has stressed that FPCCI’s comprehensive Shadow Budget for the fiscal year 2026-27 represents the collective wisdom of the business, industry and trade community of Pakistan. Mr. Atif Ikram Sheikh highlighted that FPCCI strongly urges the federal government to incorporate its policy recommendations to ensure the upcoming budget is fundamentally driven by the objective of economic growth rather than customary revenue growth and stabilization emphasis. Mr. Atif Ikram Sheikh maintained that adopting a growth-centric…

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NED University, NFEH jointly mark World Environment Day

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New-Project131

Green spaces under siege, sea choked by pollution: experts warn of urban ecological emergency in Pakistan Karachi Rapid conversion of green spaces into commercial developments, unchecked discharge of untreated industrial effluents into the sea, rampant tree-cutting, and weak enforcement of environmental laws are pushing Pakistan’s major cities towards an ecological disaster and worsening the climate emergency, environmental experts, academics, business leaders and public representatives warned on World Environment Day.The concerns were voiced at a seminar organised by the National Forum for Environment & Health (NFEH) in collaboration with United National…

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Pakistan Secures Fifth LNG Cargo Since March as Tight Global Market Pushes Prices Higher

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LNG-2026

ISLAMABAD: Pakistan LNG Limited (PLL) has awarded a contract for a spot liquefied natural gas (LNG) cargo to BP Singapore at a price of $19.1337 per million British thermal units (MMBtu), securing additional energy supplies amid continued tight conditions in the global LNG market. The latest procurement marks Pakistan’s fifth LNG spot cargo since March 2026, reflecting ongoing efforts to ensure adequate fuel availability as the country manages rising seasonal demand and external market volatility. According to PLL, the cargo has a volume of 140,000 cubic metres and is scheduled…

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