Business & Economy Correspondent
Mehreen Abbasi
Stories by Mehreen Abbasi
Page 9 of 23
Pakistan / Business & FinanceTurkish Petroleum to begin offshore drilling in Pakistan
Petroleum Minister Ali Pervaiz Malik said on 9 August 2026 that Turkish Petroleum will soon start offshore drilling in Pakistani waters, opening the sector to foreign investment.
Pakistan / Business & FinancePakistan goods transporters begin nationwide wheel-jam strike
Goods transporters and oil tankers began an indefinite nationwide wheel-jam strike on 8 August 2026 after talks with the government failed, threatening supply chains and exports.
Pakistan / Business & FinancePakistan and Iran agree to keep border crossings open round the clock
Pakistan and Iran agreed on 5 August 2026 to keep their border crossings open 24 hours a day, ease customs and expand trade toward a $10 billion target.
Pakistan / Business & FinancePakistan goods transporters call nationwide wheel-jam strike from 8 August
Goods transporters threatened a nationwide shutdown from 8 August unless the government cuts diesel taxes, lowers withholding tax and ends daily fuel price changes.
Pakistan / Business & FinancePakistan ECC approves urgent import of one million tonnes of wheat
Pakistan's Economic Coordination Committee approved the urgent import of one million tonnes of wheat as market prices climbed past Rs150 per kilogram.
Pakistan / Business & FinanceSBP holds policy rate at 11.5pc, flags Middle East and climate risks
The State Bank of Pakistan kept its benchmark policy rate unchanged at 11.5pc, citing renewed Middle East conflict, volatile commodities and climate risks.
Pakistan / Business & FinanceAurangzeb says FBR reforms, cashless drive to widen tax net
Finance Minister Muhammad Aurangzeb said the government is speeding up FBR reforms, promoting a cashless economy and using technology to widen the tax base.
Pakistan / Business & FinancePakistan to import 1 million tons of wheat as flour prices climb
Pakistan will import one million tons of wheat and release government stockpiles to provinces after a supply shortfall pushed up wheat and flour prices.
Pakistan / Business & FinancePetrol up Rs6.39, diesel Rs7.83 as Pakistan starts daily fuel pricing
Pakistan raised petrol by Rs6.39 and diesel by Rs7.83 for 23 July 2026 under a new daily pricing mechanism, as pump owners deferred a nationwide strike.
Pakistan / Business & FinanceS&P upgrades Pakistan's sovereign credit rating to 'B' after nine years
S&P Global Ratings raised Pakistan's long-term sovereign credit rating to 'B' from 'B-', the highest in seven years, citing reforms, rebuilt reserves and fiscal consolidation.
Pakistan / Business & FinancePetrol pump owners announce nationwide shutdown after talks fail
The All Pakistan Petroleum Pump Owners Association said around 15,000 pumps would close from midnight on 22 July after talks with the petroleum minister ended without agreement.
Pakistan / Business & FinancePakistan appoints bank consortiums for GMTN and Sukuk issuance
The finance ministry named international bank consortiums for Pakistan's Global Medium-Term Note and International Sukuk programmes to support sovereign market issuance.