The Asian Development Bank (ADB) has granted a final one-month extension for the $360 million CAREC Tranche-III project, urging Pakistan’s National Highway Authority (NHA) to complete the contract award process within the new deadline. The CAREC project is part of a major regional development initiative aimed at improving transport infrastructure, regional connectivity, and economic cooperation…
The Pakistan Stock Exchange (PSX) experienced a significant decline during the latest trading week as the benchmark KSE-100 index dropped by 3,629 points, reflecting strong selling pressure in the market. By the end of the week, the KSE-100 index closed at 153,866 points, showing a sharp fall compared to the previous week. Market activity remained…
The federal government is considering freezing petroleum prices in Pakistan despite a sharp increase in global oil prices, in an effort to protect consumers from sudden fuel price hikes. According to official sources, the government has already imposed a ban on the export of petroleum products while evaluating measures to stabilize domestic fuel prices. Authorities…
The government of Pakistan has finalized a comprehensive national action plan to protect fuel supplies and maintain energy stability amid rising tensions in the Middle East. The plan was developed during a high-level meeting of the cabinet committee formed by Prime Minister Shehbaz Sharif to monitor petrol prices and assess the potential impact of the…
