Business

LAHORE: The Pakistan Credit Rating Agency (PACRA) has upgraded JS Investments Limited (JSIL) to AM1 (Stable) — the highest asset manager quality rating in Pakistan. The rating upgrade reflects JSIL’s strengthened governance framework, enhanced operational quality, and a research-driven investment process that has consistently delivered strong, risk-adjusted performance. PACRA also noted the company’s growing retail…

ISLAMABAD, Nov 10 (APP): Wheat sowing has gained strong momentum across Punjab, with more than 3 million acres already cultivated as the province aims to achieve its ambitious target of 16.5 million acres for the 2025–26 season. Dr. Anjum Ali Buttar, consultant at the Punjab Agriculture Department and former director general of the department, told…

KARACHI, Nov 09 (APP): Around 320,000 wheat growers have so far registered under the Wheat Growers Support Program launched by the Sindh government to boost local wheat production, strengthen farmers’ incomes, and reduce reliance on costly imports. Allah Warayo Rind, Director General of the Sindh Agriculture Department, who also heads the monitoring committee for the…

ISLAMABAD, Nov 09 (APP): The federal government on Sunday has released Rs2.77 billion for Balochistan-related development schemes listed under the Public Sector Development Programme (PSDP) for fiscal year 2025-26. An official working paper shared with the Senate Standing Committee on Planning, Development and Special Initiatives available with Wealth Pakistan shows that against a revised allocation…

LAHORE, Nov 7 (APP): Pakistan Railways (PR) plans to spend approximately Rs. 100 billion on rehabilitation of 19 branch lines across its network to ensure a safe and reliable journey for passengers and enhance inter-provincial connectivity and urban rail transport. According to documents available with Wealth Pakistan, the department plans to spend Rs. 98.58 billion…

ISLAMABAD, Nov 06 (APP): The government has decided to establish a dedicated Olive Oil Council under the forthcoming National Olive Policy to regulate the fast-growing olive industry, strengthen exports and cut reliance on imported edible oils. According to official documents available with Wealth Pakistan, the proposed council will serve as a central body for coordination,…

QUETTA, Nov 05 (APP): A landmark shrimp farming project launched in Balochistan is expected to create around 1,000 direct jobs and open up major opportunities in Pakistan’s aquaculture sector. Balochistan Board of Investment and Trade (BBoIT) Chief Executive Officer Qaim Lashari told Wealth Pakistan that the provincial government has initiated a public-private partnership model to…

ISLAMABAD, Nov 03 (APP): Pakistan Railways has generated a total revenue of Rs3.95 billion through the cargo vans operated directly by the department and outsourced parties in three years, beginning FY2021-22. The year-wise breakdown mentioned in official documents available with Wealth Pakistan shows that an amount of Rs 836.247 million was collected in fiscal year…

ISLAMABAD, Nov 02 (APP): Pakistan’s chili crop saw modest gains in both cultivated area and overall production during 2025–26. According to documents available with Wealth Pakistan, the cultivated area for chili crop increased 1.1% to 49,500 hectares during the current season (2025-26) from 49,000 hectares a year earlier, while production edged up 0.5% to 114,400…

ISLAMABAD, Oct 31 (APP): Pakistan Railways (PR) has spent over Rs 1 billion on the repair of infrastructure damaged in the recent countrywide floods. According to documents available with Wealth Pakistan, some major portions of railway tracks at different locations situated close to the flood-affected areas were severely damaged, causing an overall spending of Rs1.18…