Business Report – Riaz & Co.

26Oct2026

Govt raises petrol price by Rs1.54 per litre, high-speed diesel rate by Rs2.16

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Official ex-depot prices (PKR/litre) — OGRA & Ministry of Energy notifications

26Oct2026

Govt to maintain wheat reserves of up to 6m tonnes to ensure uninterrupted supply: minister

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ISLAMABAD: Food Security Minister Rana Tanveer Hussain on Monday announced that the government would maintain strategic wheat reserves of up to six million tonnes, asserting there would be no shortage of wheat in Pakistan this year as adequate arrangements were in place to meet the national requirements. “This will help ensure uninterrupted supplies and protect the […]

26Oct2026

Central Development Working Party refers 3 KP infrastructure projects worth Rs100bn to Ecnec

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ISLAMABAD: The federal government on Monday cleared three major infrastructure projects worth Rs100 billion in Khyber Pakhtunkhwa, recommending them to the Executive Committee of the National Economic Council (Ecnec) for formal approval. The decision was taken at a meeting of the Central Development Working Party (CDWP) presided over by Minister for Planning, Development and Special […]

26Oct2026

Pakistan seeks investment from US in oil refinery upgradation projects

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ISLAMABAD: Pakistan on Monday sought investment from US financial institutions in its oil refinery upgradation projects as the two countries discussed increasing cooperation in the energy sector. The development came during a meeting between Petroleum Minister Ali Pervaiz Malik and US Chargé d’Affaires Natalie Baker. During the meeting, Malik briefed the US envoy on measures […]

26Oct2026

Lucky Group, Qatar Energy consortium quits Port Qasim LNG terminal plan over ‘policy changes’

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ISLAMABAD: Energas, a consortium of the Lucky Group and Qatar Energy, has given up a multi-million-dollar plan to establish a liquefied natural gas (LNG) terminal at Port Qasim, citing fundamental changes to Pakistan’s energy policy, requirements and longstanding unresolved policy and fiscal matters, it emerged on Monday. On the other hand, the Port Qasim Authority […]

26Oct2026

Central bank raises policy rate by 50 basis points to 12pc

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The State Bank of Pakistan (SBP) on Monday raised the key policy rate by 50 basis points to 12 per cent, its first increase since April as inflation, fuelled by high energy costs due to the Gulf conflict, remained above target. In a statement, the Monetary Policy Committee (MPC) said it had decided to increase […]

26Oct2026

Travel cost falls 7.9pc since May in Pakistan

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Getting around Pakistan was 7.9pc cheaper in September than in May, according to a new index. The Mobility Index, launched by Pakistan & Counting, in partnership with ride-sharing operator BusCaro, measures per-kilometre travel costs across eight modes of transport: own bike (petrol), private rickshaw, own car (petrol), public transport (per seat), ride-share (per seat), and […]

26Oct2026

How long will Pakistan’s economy be ‘indebted’ to expats?

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Pakistan entered FY2027 with stronger fiscal and external buffers. According to the Finance Division’s monthly Economic Update and Outlook for August 2026, the fiscal deficit narrowed to 2.6 per cent of GDP in FY26, the primary surplus reached 2.9pc, large-scale manufacturing expanded by 4.98pc, and foreign-exchange reserves improved. These are important achievements. However, the composition […]