Pakistan Archives - Page 54 of 122

Pakistan Govt Holds Fuel Prices Steady Despite Global Oil Surge

Web Desk / March 14, 2026

Prime Minister Shehbaz Sharif has announced a significant decision to keep petroleum product prices unchanged in Pakistan, despite a notable rise in international oil prices. This move comes amid ongoing global economic pressures, including regional tensions affecting energy markets. Read More: https://theboardroompk.com/pakistan-stock-exchange-closes-lower-after-turbulent-trading-week/ The Prime Minister emphasized his commitment to easing the financial strain on ordinary citizens during these challenging times. The announcement was made on March 13, 2026, honoring a promise to provide relief to the public. Government’s Relief Strategy Amid Economic Challenges The decision not to hike prices aims to reduce the burden on the common man, who has already faced increases in living costs. Earlier this month, the government raised petrol and diesel prices by Rs55 per litre each, pushing petrol to Rs321.17 per litre and diesel to Rs335.86 per litre due to surging global rates. By holding prices steady now, the administration seeks to offer immediate respite. PM Shehbaz highlighted that the government is managing the situation through timely policy-making, financial discipline, and austerity measures. These include starting reductions from the elite and government sectors to protect the poor. Efforts for Supply Stability and Public Support The Prime Minister credited diplomatic and economic teams for securing sufficient crude oil supplies, ensuring no shortages and that no one charges above government-fixed rates. Federal and provincial governments are collaborating to enforce this. He expressed hope that global conditions would improve, leading to stability in international petroleum prices. The step reflects a people-centric approach, prioritizing public welfare over immediate fiscal pressures from volatile oil markets influenced by regional conflicts. This relief measure has been welcomed as a positive signal for consumers, transporters, and industries reliant on fuel, potentially helping control inflation in the short term.

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Pakistan Stock Exchange closes lower after turbulent trading week

Web Desk / March 13, 2026

The Pakistan Stock Exchange wrapped up Friday’s trading session on a cautious note, reflecting lingering investor anxiety and global market headwinds. The benchmark KSE-100 Index settled at 153,866.16, slipping by 555.27 points (0.36%), as traders navigated a volatile week filled with uncertainty and shifting sentiment. Read More: https://theboardroompk.com/pakistan-external-financing-january-2026-inflows-raise-economic-eyebrows/ Despite moments of optimism during the session, the market ultimately succumbed to selling pressure, highlighting the fragile confidence that continues to shape trading activity in Pakistan’s equity landscape. Pakistan Stock Exchange volatility signals investor caution Intraday trading on the Pakistan Stock Exchange remained highly dynamic, with the benchmark index swinging across a wide range of more than 2,200 points. The index briefly surged to an intraday high of 155,002.10, before sliding to a low of 152,780.79, underscoring the choppy nature of market participation. Market breadth also painted a mixed picture. While 37 companies posted gains, 58 declined, reflecting selective buying interest rather than broad-based confidence. Trading volumes in the benchmark index stood at 113.04 million shares, indicating moderate activity amid cautious positioning by institutional and retail investors alike. Sector pressures drag Pakistan Stock Exchange lower A closer look at sector-wise performance reveals that declines were concentrated in investment companies, fertilizers, cement, power generation, and pharmaceuticals. Heavyweight stocks such as Engro Holdings, Lucky Cement, and Fauji Fertilizer Company collectively shaved hundreds of points off the benchmark index. In contrast, strength in commercial banks provided a partial cushion. Buying momentum in leading lenders like United Bank Limited and Faysal Bank Limited helped offset losses, signaling that investors continue to favor fundamentally resilient sectors during periods of uncertainty. Meanwhile, select refinery, technology, and textile stocks also recorded modest gains a sign that bargain hunting remains active even as broader sentiment stays subdued. Global and domestic triggers shaping Pakistan Stock Exchange sentiment The recent decline in the Pakistan Stock Exchange did not occur in isolation. Analysts point to ongoing discussions between Pakistan and the International Monetary Fund as a key driver of investor hesitation. Market participants are closely monitoring the progress of the IMF review, as its outcome could significantly influence economic policy direction and liquidity conditions. External factors have added another layer of complexity. Rising crude oil prices fueled by geopolitical tensions in the Middle East and disruptions near the Strait of Hormuz have weighed on energy-dependent sectors and heightened inflationary concerns. Such developments often trigger defensive trading strategies, leading investors to rotate into safer sectors or temporarily reduce exposure to equities. Broader market performance and trading activity Beyond the benchmark index, the broader All-Share Index also ended slightly lower at 92,322.40, reflecting a marginal decline of 0.18%. Overall market participation softened compared with the previous session, as total traded volume fell to 303.02 million shares, while traded value decreased to approximately Rs14.69 billion. Nearly 472 companies were traded during the session, with advancing stocks only narrowly trailing decliners a trend that indicates mixed sentiment rather than outright bearishness. This suggests that while short-term uncertainty persists, underlying market interest remains intact. Pakistan Stock Exchange outlook: volatility likely to continue Despite the latest dip, the Pakistan Stock Exchange has delivered notable gains over the current fiscal year, reflecting strong rallies earlier in the period. However, calendar-year performance has remained under pressure, highlighting the market’s sensitivity to macroeconomic shifts and global developments. Looking ahead, analysts expect continued volatility as investors assess economic indicators, policy signals, and geopolitical risks. Any clarity regarding IMF negotiations, inflation trends, or energy prices could act as a catalyst for renewed direction in the market. For now, cautious optimism appears to define the mood with traders staying alert for opportunities while keeping risk management at the forefront.

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Affordable Housing Finance Scheme Pakistan: Govt Expands Loan Limit to Rs10 Million

Web Desk / March 13, 2026

The Affordable Housing Finance Scheme Pakistan has entered a transformative phase as the government unveils a sweeping expansion designed to reshape the country’s housing landscape. In a decisive move, the federal authorities in Pakistan have significantly increased the maximum housing loan limit from Rs3.5 million to Rs10 million a policy shift that could redefine the dream of owning a home for thousands of middle-income families. Read More: https://theboardroompk.com/pakistan-external-financing-january-2026-inflows-raise-economic-eyebrows/ Announced through a formal notification by the Ministry of Housing and Works, the revised framework aims not only to expand access to financing but also to ignite fresh momentum across multiple sectors of the national economy. Affordable Housing Finance Scheme Pakistan: Lower Markup, Higher Opportunities One of the most impactful changes under the Affordable Housing Finance Scheme Pakistan is the standardization of the customer markup rate at a flat 5% for all financing tiers. Previously, borrowers in Tier-2 categories were required to pay an 8% markup, creating disparities in affordability. The shift to a uniform and lower rate is expected to significantly ease the financial burden on prospective homeowners. Moreover, loans already disbursed at higher markup rates will now be recalibrated to align with the new 5% structure a move likely to enhance consumer confidence and boost uptake of housing finance products. Inclusive Housing Criteria to Empower Middle-Income Families The expanded Affordable Housing Finance Scheme Pakistan also introduces broader eligibility criteria, reflecting the government’s intent to cater to a wider segment of society. Housing size limits have effectively doubled, allowing financing for houses up to 10 Marlas equivalent to approximately 2,720 square feet. Similarly, the maximum allowable size for apartments and flats has been increased to 1,500 square feet. These changes recognize evolving urban housing needs and provide greater flexibility for families seeking more spacious living arrangements. Financing Structure Designed for Accessibility Under the revised scheme, the Loan-to-Value ratio remains highly favorable at 90:10. In practical terms, this means financial institutions will fund up to 90% of the property’s cost, while buyers are required to contribute only a modest 10% equity portion. This structure reduces the initial financial barrier for first-time homebuyers and aligns with global best practices in affordable housing finance. The policy is expected to make property ownership more attainable for salaried individuals and emerging middle-class households. Affordable Housing Finance Scheme Pakistan: Massive Subsidy Commitment The government’s long-term commitment to the Affordable Housing Finance Scheme Pakistan is reflected in a substantial subsidy allocation. Authorities have pledged to facilitate the construction and purchase of approximately 500,000 housing units over the next four years. In the current fiscal year alone, the target stands at 50,000 units. To support this initial phase, a subsidy package amounting to Rs321.96 billion has been earmarked, covering both markup support and risk-sharing mechanisms. By the fiscal year 2028-29, the annual rollout is expected to scale up to 200,000 housing units. Economic Ripple Effects: Construction and Banking Set to Gain The expansion of the Affordable Housing Finance Scheme Pakistan is widely anticipated to trigger a strong multiplier effect across the national economy. Increased housing construction typically drives demand for cement, steel, and other building materials while stimulating employment in allied industries. At the same time, the banking sector stands to benefit from a surge in mortgage financing activity, potentially unlocking new avenues for financial inclusion and credit growth. Real estate developers are also expected to capitalize on rising demand, fostering broader investment momentum. A Turning Point for Pakistan’s Housing Market As urbanization accelerates and housing shortages persist, the enhanced Affordable Housing Finance Scheme Pakistan represents a strategic policy intervention with far-reaching implications. By lowering financing costs, expanding eligibility, and committing substantial fiscal resources, the government has positioned the housing sector as a key driver of economic resilience and social stability. If effectively implemented, the initiative could mark a pivotal turning point transforming aspirations of homeownership into tangible realities for millions.

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Pakistan External Financing: January 2026 Inflows Raise Economic Eyebrows

Web Desk / March 13, 2026

Pakistan External Financing once again took center stage as the country secured $625 million from multiple international sources in January 2026 a sharp 58% decline compared to the previous month. The latest data released by the Economic Affairs Division highlights both progress and persistent challenges in managing external liquidity. Read More: https://theboardroompk.com/7294-2/ At a time when economic stability remains closely tied to global financing support, the evolving pattern of foreign inflows has sparked debate among policymakers, investors, and analysts alike. Pakistan External Financing in 7MFY26: A Slow Momentum During the first seven months of fiscal year 2026, Pakistan External Financing reached $5.17 billion, significantly below the government’s ambitious budgetary projections. While the inflows provided some breathing room by strengthening foreign exchange reserves, the pace has not been enough to fully meet financing needs. Funding from multilateral and bilateral development partners totaled $237.4 million in January, bringing cumulative disbursements for July–January to $3.06 billion. This highlights the country’s continued reliance on external partners for development and macroeconomic support. Multilateral Partners Driving Pakistan External Financing Multilateral institutions remained vital contributors to Pakistan External Financing during the period. The Asian Development Bank retained its position as the largest multilateral donor, disbursing $56.5 million in January and reaching $624.6 million cumulatively. Its financing has focused on infrastructure development and regional connectivity projects. Similarly, the International Development Association extended $28.7 million in January, with cumulative support exceeding $608 million, particularly for transformative projects such as hydropower and agricultural reforms. Meanwhile, the International Bank for Reconstruction and Development contributed $30.6 million during the month, reflecting continued engagement in urban development and power sector reforms. Another emerging contributor, the Asian Infrastructure Investment Bank, disbursed $13.8 million, signaling growing diversification in Pakistan’s external funding mix. Bilateral Support Strengthens Pakistan External Financing Among bilateral partners, Saudi Arabia led January inflows with $100 million, bringing its cumulative support to $708.7 million the highest among bilateral donors. China continued its role as a strategic financing partner through guaranteed loan facilities totaling $13.8 million in January. Meanwhile, Japan and Germany maintained smaller but steady contributions toward social and infrastructure projects. These partnerships underline Pakistan’s diplomatic and economic balancing act as it seeks diversified financing channels. Commercial Borrowing and Market Instruments Beyond traditional donors, Pakistan External Financing also relied on commercial mechanisms. The government raised $286.3 million through the Naya Pakistan Certificate scheme, split between conventional and Islamic facilities. Additionally, borrowing from foreign commercial institutions such as Standard Chartered Bank totaled $88.1 million in January. However, inflows from the International Monetary Fund remained unchanged at $209.5 million cumulatively, as no fresh tranche was released during the month. Project vs Non-Project Financing: A Growing Dependence A notable trend in Pakistan External Financing was the dominance of non-project aid, which reached $477.4 million in January, including substantial budgetary support. This reflects the country’s reliance on programme-based loans for macroeconomic stabilisation rather than purely development-focused funding. Project financing, though smaller at $148.3 million, continues to play a crucial role in supporting provincial initiatives across Punjab, Sindh, and Khyber Pakhtunkhwa spanning water management, education, health, and urban infrastructure. The Road Ahead for Pakistan External Financing As Pakistan External Financing trends reveal a mixed outlook, policymakers face the challenge of boosting inflows while reducing reliance on short-term stabilisation support. Strengthening export competitiveness, improving investor confidence, and accelerating development project execution may determine how effectively the country navigates its external financing landscape in the coming months. With global financial conditions tightening and domestic reforms ongoing, January’s numbers may well be a signal not just of funding gaps, but of the urgent need for a more sustainable financing strategy.

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Web Desk / March 13, 2026

Pakistan Import Bill February 2026 has emerged as a closely watched indicator of the country’s evolving economic trajectory. The latest trade data highlights a period of stabilisation in external accounts, even as sector-specific trends reveal shifting consumption patterns, industrial priorities, and investment sentiment. Read More: https://theboardroompk.com/fertilizer-sector-profits-climb-10-to-rs141bn-in-2025-on-strong-urea-sales/ With policymakers, businesses, and investors tracking every movement in import volumes, February’s figures offer compelling clues about the direction of Pakistan’s recovery story. Pakistan Import Bill February 2026 Reflects External Sector Stability Pakistan’s total import bill for February 2026 stood at $5.32 billion (Rs1.49 trillion), showing only a marginal 0.41% year-on-year decline. More notably, imports fell 8.39% month-on-month from January’s $5.80 billion, pointing towards a cooling trend in overall trade demand. This moderation suggests improved balance-of-payments management and tighter procurement strategies across key sectors. Analysts interpret this as a sign that the external account is gradually stabilising after periods of volatility. Petroleum Imports Decline but Refinery Activity Holds Firm One of the most significant developments in the Pakistan Import Bill February 2026 was the sharp drop in the Petroleum Group, which declined 21.25% year-on-year to $982.9 million. Refined petroleum imports fell dramatically by nearly 40%, reflecting subdued domestic demand and possible efficiency gains in energy consumption. Liquefied natural gas purchases also contracted by over 25%, indicating more disciplined scheduling and inventory management. Interestingly, crude oil imports edged up on a monthly basis, signalling that refineries maintained operational throughput despite the broader contraction in energy imports. Food Imports Surge as Consumer Demand Remains Resilient In contrast, the Food Group emerged as a standout performer, rising 13.58% year-on-year to $908.1 million. Tea imports recorded a strong jump of more than 33%, while palm oil Pakistan’s most critical edible oil import grew moderately, underlining steady household consumption patterns. Soyabean oil imports rebounded sharply month-on-month, though they remain significantly below last year’s levels. Meanwhile, reduced imports of pulses and dairy-related products hint at either shifting dietary preferences or improved domestic supply conditions. Machinery Imports Signal Mixed Industrial Activity ⚙️ Machinery imports totalled $870.8 million, reflecting modest annual growth but a monthly slowdown. Telecommunications equipment continued to drive demand, with mobile phone imports showing double-digit expansion — a sign of sustained digital adoption across the country. Agricultural machinery imports surged sharply, suggesting renewed investment in farm mechanisation ahead of upcoming crop cycles. However, lower imports of electrical and power-generating machinery indicate cautious spending in infrastructure and energy projects. Transport Sector Imports Highlight Growth Optimism Perhaps the most eye-catching trend in the Pakistan Import Bill February 2026 was the Transport Group’s nearly 49% year-on-year growth. Completely built vehicle imports rose significantly, while imports of buses, trucks, and heavy vehicles almost tripled. This points to strengthening activity in logistics, construction, and commercial mobility. Similarly, the sharp rise in CKD/SKD motor car imports suggests that domestic auto assemblers are ramping up production in anticipation of improved consumer demand. Textile Raw Material Imports Decline Raise Export Concerns The Textile Group, a backbone of Pakistan’s export economy, recorded a notable contraction. Imports dropped both annually and monthly, with raw cotton purchases plunging by nearly 60% year-on-year. While partially explained by improved domestic production and softer global prices, industry experts caution that continued declines in raw material imports could eventually constrain export capacity if local supply fails to bridge the gap. Chemicals, Metals and Healthcare Demand Strengthen Industrial Outlook Imports in the Agricultural and Chemicals segment grew over 12%, led by a surge in fertiliser imports ahead of the Kharif sowing season. Plastic materials also posted solid growth, aligning with expanding domestic manufacturing activity. Healthcare demand remained robust, with medicinal product imports rising more than 21%, highlighting ongoing investment in medical supply chains. Meanwhile, metal imports showed moderate annual growth, supported by continued construction activity and rising aluminium demand. What Pakistan Import Bill February 2026 Means for the Economy Overall, the Pakistan Import Bill February 2026 paints a nuanced picture: • Cooling energy imports signal improved external account management• Rising food and transport imports reflect steady consumer and commercial demand• Machinery trends suggest selective industrial investment• Falling textile raw material imports could pose medium-term export risks For businesses and investors, these signals underscore a transition phase in Pakistan’s economic cycle one where stability is emerging but structural challenges remain.

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Minister Leghari: 74% Local Power Reduces Impact of Global LNG Disruption

Web Desk / March 13, 2026

Pakistan’s Power Minister Awais Leghari stated in an interview on March 12, 2026, that the country’s growing dependence on domestic energy resources has significantly reduced vulnerability to disruptions in liquefied natural gas (LNG) supplies. This comes amid global tensions affecting key suppliers like Qatar. Read More: https://theboardroompk.com/ccp-authorizes-maple-leaf-cements-acquisition-of-shares-in-faysal-bank/ Leghari highlighted that approximately 74% of Pakistan’s electricity now comes from indigenous sources, including hydropower, nuclear, domestic coal, and surging renewables like solar and wind. The government targets raising this share above 96% by 2034. He described a “people-led solar revolution” alongside prior investments in nuclear, hydropower, and local coal as key drivers of self-reliance. Clean sources currently account for about 55% of generation, with plans to exceed 90% by 2034. Reduced Impact from LNG Disruptions LNG constitutes only around 10% of electricity generation, primarily for evening peak demand and grid stability. Leghari assured that even if LNG supplies were disrupted or prices soared, effects on industry, agriculture, or overall production would remain minimal. In a worst-case scenario of several months without LNG cargoes, Pakistan might experience one to two hours of load shedding during peak summer evenings in some areas. However, this would not broadly impact the economy. Recent global events, including Qatar’s temporary production halt due to Middle East conflicts, have caused shortages. Asian buyers, who take 80% of Qatar’s LNG, face challenges. Pakistan previously faced extended outages during the 2022 energy crisis after failing to secure spot cargoes. Domestic Strengths and Future Strategy Rooftop solar installations exceed 20 GW, with behind-the-meter capacity at 12-14 GW (possibly up to 18 GW), slashing daytime grid demand. Hydropower adds up to 7,000 MW in summer from increased river flows, aligning with higher air-conditioning needs. Annual outputs include hydropower at about 40 terawatt hours (TWh), nuclear at 22 TWh, and domestic coal at 12 TWh. Surplus generation capacity exists from added plants in coal, nuclear, and prior LNG investments, while demand growth has slowed. Pakistan recently cancelled 21 LNG cargoes for 2026-27 under a deal with Italy’s Eni, reflecting lower gas needs due to domestic shifts. Leghari emphasized future investments will prioritize indigenous clean power, including battery storage to shift excess solar to evenings, avoiding any sources risking energy security. Outages now stem mainly from theft, transmission losses, and financial issues rather than generation shortages. This shift positions Pakistan more resilient amid volatile global LNG markets influenced by geopolitical risks in the Middle East.

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PM Sharif Assures Full Support to Saudi Arabia in Jeddah Meeting Amid Middle East Tensions

Web Desk / March 13, 2026

Pakistani Prime Minister Shehbaz Sharif met Saudi Crown Prince Mohammed bin Salman in Jeddah, Saudi Arabia. The leaders discussed recent regional developments amid escalating Middle East tensions, particularly involving Israel, the US, and Iran. They agreed to collaborate for peace and stability. Read More: https://theboardroompk.com/iran-targets-tankers-in-gulf-waters-16-ships-hit-since-conflict-began/ Sharif expressed Pakistan’s full solidarity with Saudi Arabia during these challenging times and assured the Crown Prince that Pakistan would always stand firmly by the Kingdom. This was shared via a press release from Sharif’s office on X by spokesman Mosharraf Zaidi. The brief visit, at the Crown Prince’s invitation, highlighted Pakistan’s diplomatic role in promoting dialogue and stability in the region. Strengthening Pakistan-Saudi Ties Amid Regional Turmoil The meeting underscores the deep-rooted strategic partnership between Pakistan and Saudi Arabia, built on historical, religious, and economic bonds. Pakistan has long viewed Saudi Arabia as a key ally, with millions of Pakistani expatriates working in the Kingdom and contributing significantly to remittances. In recent years, bilateral ties have expanded beyond labor migration to include defense cooperation, with Pakistan signing pacts to support Saudi security. The current discussions come against a backdrop of heightened Middle East instability, where Pakistan positions itself as a mediator favoring diplomacy over escalation. Sharif’s assurances of unwavering support signal Pakistan’s commitment to backing Saudi interests, especially as tensions rise involving Iran and other actors. This aligns with Pakistan’s foreign policy of balancing relations in the Gulf while advocating for de-escalation. The leaders’ agreement to work jointly for peace reflects shared concerns over the broader implications of ongoing conflicts, which could affect energy markets, migration, and regional security. Diplomatic Push for Peace in the Middle East Pakistan’s engagement with Saudi leadership follows closely after interactions with Iranian officials, indicating Islamabad’s active shuttle diplomacy to ease regional strains. By engaging both sides, Pakistan aims to contribute constructively to dialogue. The Jeddah talks focused on exchanging views on security dynamics and promoting stability through coordination. No specific agreements were announced, but the emphasis on solidarity and collaboration suggests potential for future joint initiatives. This visit reinforces Pakistan’s role as a responsible actor in West Asia, leveraging its ties with Saudi Arabia to push for peaceful resolutions. As conflicts persist, such high-level interactions remain crucial for fostering understanding and preventing wider fallout.

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CCP Authorizes Maple Leaf Cement’s Acquisition of Shares in Faysal Bank

Web Desk / March 12, 2026

ISLAMABAD, 12 MARCH 2026: The Competition Commission of Pakistan (CCP) has authorized the acquisition of shares of Faysal Bank Limited by Maple Leaf Cement Factory Limited (MLCF) following a review under the Competition Act, 2010. Read More: https://theboardroompk.com/iran-targets-tankers-in-gulf-waters-16-ships-hit-since-conflict-began/ The transaction involves the purchase of shares of Faysal Bank by Maple Leaf Cement through open market transactions on the Pakistan Stock Exchange (PSX). The acquisitions were carried out through a series of share purchases during 2025 and form part of Maple Leaf Cement’s investment in the banking sector. In one of the cases, the Commission reviewed a transaction involving the acquisition of shares of Faysal Bank that had already been completed prior to obtaining the Commission’s approval. The Commission examined the matter and subsequently granted ex-post facto authorization after assessing that the transaction does not raise any competition concerns. The acquirer was directed to ensure strict compliance with the pre-merger approval requirements under the Competition Act and the Competition (Merger Control) Regulations, 2016 for future transactions. In a related transaction, the Commission also approved Maple Leaf Cement’s proposed acquisition of additional shares in Faysal Bank, which will increase the company’s overall shareholding in the bank. The CCP conducted Phase-I competition assessments in both matters to evaluate the potential impact of the transactions on competition in Pakistan. For the purposes of the review, the relevant market was identified as commercial banking in Pakistan. The Commission observed that Maple Leaf Cement operates in the cement manufacturing sector, while Faysal Bank operates in the banking sector, and therefore the business activities of the two entities are entirely distinct and unrelated. The Commission concluded that the transactions do not involve any horizontal or vertical overlap between the merger parties and are unlikely to create or strengthen a dominant position or substantially lessen competition in the relevant market. Accordingly, the Commission authorized both transactions under Section 31(1)(d)(i) of the Competition Act, 2010. Such investments in the financial sector support capital formation and strengthen investor participation in Pakistan’s banking industry.The CCP remains committed to facilitating investments that promote efficient markets while ensuring that mergers and acquisitions do not harm competitive dynamics.

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Lahore-Sialkot Motorway Gets Green Light for 3-Lane Expansion

Web Desk / March 12, 2026

Federal Minister for Communications Abdul Aleem Khan has presided over a high-level meeting of the National Highway Authority where key decisions were taken to strengthen Pakistan’s motorway network. The most significant announcement was the approval to expand the Lahore-Sialkot Motorway from two lanes to three lanes on each side. Lahore-Sialkot Motorway Expansion Begins Work on converting the existing two-lane Lahore-Sialkot Motorway into a three-lane facility will start soon. The Federal Minister directed the NHA to fast-track the project so that commuters can enjoy smoother and safer travel. This upgrade will directly ease congestion on one of the busiest corridors connecting two major industrial cities. Similar instructions were issued for the Sialkot-Kharian and Islamabad Motorway sections. Both stretches will now be built as full three-lane dual carriageways from the beginning. Officials believe these changes will improve traffic flow and reduce journey times significantly. New 6-Lane Policy for Future Projects The minister announced a clear policy shift: no future motorway will be constructed with fewer than three lanes on each side, making every new project a full six-lane highway. He stressed that Pakistan must plan infrastructure for tomorrow’s needs, not just today’s traffic. In the same meeting, the minister asked the NHA to speed up work on the Sialkot-Rawalpindi Motorway in collaboration with the Frontier Works Organization. Once completed, this route will cut the distance between Lahore and Islamabad by nearly 100 kilometres and save at least one hour of travel time. It will also take heavy pressure off the existing M-2 motorway. The decisions reflect the government’s commitment to modernising the national highway system. By building wider and safer roads, Pakistan aims to support faster economic growth and better connectivity between provinces. Experts say such upgrades will encourage more trade and tourism while giving citizens a world-class driving experience.

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PM Shehbaz Sharif Embarks on Daylong Official Visit to Saudi Arabia Amid Ongoing Gulf War

Web Desk / March 12, 2026

Prime Minister Muhammad Shehbaz Sharif departed from Islamabad on Thursday for a brief daylong official visit to Saudi Arabia at the invitation of Saudi Crown Prince and Prime Minister Mohammed bin Salman bin Abdulaziz Al Saud. The visit underscores the deep and longstanding friendship between the two brotherly nations. Read More: https://theboardroompk.com/iran-targets-tankers-in-gulf-waters-16-ships-hit-since-conflict-began/ High-Level Meeting with Saudi Leadership During his stay in Saudi Arabia, Prime Minister Shehbaz Sharif will hold direct talks with Crown Prince Mohammed bin Salman. The agenda includes frank discussions on the ongoing tensions in the region as well as the broader regional security situation. Both leaders are also expected to review the excellent state of bilateral relations and explore new avenues for cooperation. Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar is accompanying the Prime Minister, adding weight to Pakistan’s diplomatic delegation. The meeting comes at a time when swift coordination between friendly countries is essential to promote stability across the Middle East and beyond. Officials from the Prime Minister’s Office described the visit as timely and significant for addressing shared concerns. Pakistan’s Active Role in Regional Diplomacy Foreign Office spokesperson Tahir Andrabi, while briefing the media, explained that the visit forms part of close coordination between Pakistan and Saudi Arabia on matters of regional peace and security. He emphasised Pakistan’s consistent efforts to end violence and hostilities while paving the way for dialogue and diplomacy. Andrabi noted that Islamabad continues to play a positive and constructive role on the international stage. The daylong trip reflects Pakistan’s commitment to facilitating an early cessation of hostilities in the region. Observers believe such high-level engagements will help strengthen trust and promote collective efforts for lasting peace. The visit is expected to further solidify the historic bonds between Pakistan and Saudi Arabia. With both nations sharing common values and strategic interests, the talks are likely to yield positive outcomes for bilateral ties and regional harmony. This brief yet important journey highlights the government’s proactive foreign policy aimed at safeguarding national interests while contributing to global peace initiatives.

Pakistan

Pakistan Govt Holds Fuel Prices Steady Despite Global Oil Surge

Pakistan Stock Exchange closes lower after turbulent trading week

Affordable Housing Finance Scheme Pakistan: Govt Expands Loan Limit to Rs10 Million

Pakistan External Financing: January 2026 Inflows Raise Economic Eyebrows

Minister Leghari: 74% Local Power Reduces Impact of Global LNG Disruption

PM Sharif Assures Full Support to Saudi Arabia in Jeddah Meeting Amid Middle East Tensions

CCP Authorizes Maple Leaf Cement’s Acquisition of Shares in Faysal Bank

Lahore-Sialkot Motorway Gets Green Light for 3-Lane Expansion

PM Shehbaz Sharif Embarks on Daylong Official Visit to Saudi Arabia Amid Ongoing Gulf War

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