News

Market updates and announcements from Milkiyat.

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  Karachi IT Park Construction Delayed Again; Work Now Targeted for June 2027

  Karachi IT Park has been delayed again after two tender rounds failed to attract bids, pushing the targeted construction start to June 2027.

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  Pakistan Completes 66km Astore–Skardu Road, Improving Regional Connectivity

  Pakistan Army has completed a 66-kilometre Astore–Skardu road, improving regional connectivity and restoring direct access for eight villages in Gultari.

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  Pakistan's Wholesale Inflation Reaches 13.3%, Weekly Inflation at 11.53%

  Pakistan’s Wholesale Price Index rose 13.3% year on year, while weekly consumer inflation reached 11.53% for the week ending October 1.

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  NEPRA Approves Rs1.11 Per Unit Electricity Increase for October Bills

  NEPRA has approved an additional Rs1.11 per unit fuel-cost adjustment for October electricity bills, with an estimated Rs16bn impact nationwide.

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  RDA Moves Towards Paperless Administration to Improve Transparency

  Rawalpindi Development Authority has ordered a zero-paper policy, shifting internal files, correspondence and approvals to an electronic office system.

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  Over 160 Karachi Buildings Fail Fire Safety Compliance Checks

  Karachi has identified 162 buildings that fail fire-safety compliance checks, while hundreds more are still awaiting second-phase inspections.

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  Sindh Seeks $350 Million From World Bank for Flood-Resilient Infrastructure

  The Sindh government has requested $350 million from the World Bank for flood-resilient infrastructure in rural and urban areas across the province.

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  CDA Plans Rs24.5bn Islamabad 11th Avenue Project in Two Phases

  CDA plans to construct Islamabad’s long-delayed 11th Avenue in two phases, with the first 3.5km section running from E-11 interchange to Srinagar Highway.

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  ECC Approves Rs300 Million for CDA Building Repairs in Islamabad

  ECC has approved Rs300 million for CDA to carry out repair and maintenance work at the Prime Minister’s Office and PM Staff Colony during FY2026–27.

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  Pakistan Raises Petrol to Rs398.96, Diesel to Rs395.72 per Litre

  Pakistan has increased petrol by Rs2.31 to Rs398.96 per litre and high-speed diesel by Rs0.78 to Rs395.72, effective October 9, 2026.

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  Global Oil Prices Surge Above $104, Raising Construction Cost Concerns in Pakistan

  Global oil prices climbed sharply, with Brent reaching $104.75 per barrel, raising fresh concerns over transport, fuel and construction costs in Pakistan.

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  Islamabad's F-7 and G-7 Slums Proposed for Major Redevelopment Under Rs72 Billion Plan

  Islamabad’s F-7 and G-7 informal settlements could be redeveloped under a major housing proposal involving mixed-use buildings, 4,500 apartments and subsidised housing.