News

Market updates and announcements from Milkiyat.

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  Diesel Price Cut by Rs1.88 as Petrol Rises Again for October 6

  Diesel fell by Rs1.88 to Rs397.76 per litre, while petrol increased by Rs0.88 to Rs393.64 in Pakistan’s October 6 fuel price revision.

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  Funding Shortage Threatens Gujrat Drainage and Sewerage Deadlines

  Gujrat drainage and sewerage schemes face possible delays as a funding shortage threatens the planned December 2026 completion deadline.

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  Rawalpindi Reviews Rs323bn Development Portfolio Covering 145 ADP Projects

  Rawalpindi has reviewed a Rs323bn development portfolio covering 145 ADP projects, with authorities directing faster completion of ongoing schemes.

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  Punjab Makes Garbage Tax Clearance Mandatory for Property Transactions

  Punjab has made garbage tax clearance mandatory for property transactions, with buyers and sellers now required to clear sanitation and property tax dues.

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  Maryam Nawaz Receives UN-Habitat Scroll of Honour for Apni Chhat Apna Ghar Programme

  Punjab CM Maryam Nawaz has received UN-Habitat’s Scroll of Honour for the Apni Chhat Apna Ghar programme, recognising efforts to support affordable housing for low-income families.

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  Balochistan Orders Fast-Tracking of Gwadar Urban Infrastructure Projects

  Balochistan has directed authorities to fast-track Gwadar’s urban infrastructure, prioritising roads, water supply, drainage and the Old Town Rehabilitation Project.

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  Punjab Launches Five PPP Road Projects Including 97km Faisalabad Ring Road

  Punjab has launched five road projects under a public-private partnership model, including the 97km Faisalabad Ring Road. The package covers about 318km and is expected to generate around Rs22 billion in revenue.

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  Ghauri Town Residents Caught in CDA–Developer Dispute as Islamabad Moves Toward Regulating Illegal Schemes

  Ghauri Town residents remain caught in a regulatory dispute as unauthorised phases lack complete approvals, while Islamabad authorities move toward a broader framework for illegal housing schemes.

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  IEA Says 325m Barrels of Emergency Oil Stocks Already Released

  The IEA says more than 80% of the 400 million barrels of emergency oil stocks pledged in March have already been released, while the G7 has announced an additional 100 million-barrel release.

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  OPEC+ Keeps November Oil Production Targets Unchanged

  OPEC+ has decided to keep November oil production targets unchanged despite tight global energy markets, with Brent crude remaining above $100 per barrel.

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  Pakistan Gives IMF Timeline for DISCO Privatisation

  Pakistan has reportedly provided the IMF with a phased electricity distribution privatisation timeline, beginning with FESCO, GEPCO and IESCO in early 2027.

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  Dera Ismail Khan Cracks Down on Six Illegal Housing Schemes

  The Dera Ismail Khan district administration has launched action against six illegal housing schemes along CRBC Road, Bannu Road and Diyal Road, including demolition and a ban on plot transactions.