PM lays foundation of Sukkur-Hyderabad motorway, vows to connect remote parts of Pakistan

Pakistan Prime Minister Shehbaz Sharif and Chief Minister of Sindh province lay the foundation stone of the Sukkur-Hyderabad Motorway (M-6) in southern Pakistan on December 13, 2022. (APP Photo)
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Updated 13 December 2022
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PM lays foundation of Sukkur-Hyderabad motorway, vows to connect remote parts of Pakistan

  • Six-lane, 306-km-long Sukkur-Hyderabad Motorway is scheduled to be completed within 30 months
  • Pending since 2016, M-6 motorway is only missing link in connecting the country’s south and north

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday laid the foundation stone of the Sukkur-Hyderabad Motorway (M-6) in southern Pakistan, vowing to connect remote areas of the country, particularly in the Sindh and Balochistan provinces, and uplift them through development.

The 306-kilometer-long, six-lane Sukkur-Hyderabad Motorway is scheduled to be completed within 30 months at a total cost of Rs307 billion. It will pass through the districts of Jamshoro, Hyderabad, Matiari, Benazirabad, Nowshero Feroze, Khairpur, and Sukkur in Pakistan’s southern Sindh province.

Pending since 2016, the M-6 motorway is the only missing link in connecting the country’s southern port city of Karachi to the northwestern city of Peshawar.

Addressing a ceremony to mark the launch of the project, the prime minister said the development of road infrastructure to connect all provinces of the country, particularly remote areas, was crucial to strengthen the economy.

“Connecting far-flung areas of Balochistan and Sindh would pave the way for economic and social development of the country besides creating new business opportunities,” the premier said. “Without the development of Balochistan, Pakistan cannot prosper.” 

Balochistan is a sparsely populated, mountainous, desert region bordering Afghanistan and Iran and home to a separatist insurgency that has sometimes waned and sometimes intensified over the years. It is the largest but least developed province of Pakistan.

While Sindh houses the Pakistani port city of Karachi, Pakistan’s commercial capital, vast swaths of the province are backward with some of the lowest indicators in the country for education, health and infrastructure.


Pakistan stock market sees 41% rise in investors in 18 months

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Pakistan stock market sees 41% rise in investors in 18 months

  • Pakistan’s stock market has gained momentum at start of year on broad-based institutional buying
  • The rise in the stock market reflects global investors’ confidence in the country, state media says

ISLAMABAD: The Pakistan Stock Exchange has witnessed a 41% increase in the number of investors over the past 18 months, Pakistani state broadcaster reported on Friday.

Pakistani stock market has gained momentum in recent months as broad-based institutional buying across key sectors has reinforced investor confidence even as the country continues to navigate economic reforms under international lending programs.

Around 135,000 new investors have joined the PSX over the last 18 months, the Radio Pakistan broadcaster reported.

“Pakistan’s stock market has emerged as the second-best performing market globally,” the report said. “The rise in the stock market reflects global investors’ confidence in Pakistan’s improved investment environment.”

The development came as the PSX shed a little more than 1,000 points as it closed the weekend session at 184,519 points.

The report said coordinated efforts by Pakistan’s Special Investment Facilitation Council (SIFC) have helped stabilize the country’s economy and investment market, elevating it to prominence at the global level.

“Pakistan’s macroeconomic environment has become an attractive and reliable destination for investment,” it quoted Finance Adviser Khurram Schehzad as saying.

On Wednesday, Pakistani stocks climbed to a fresh all-time high with the benchmark KSE-100 Index crossing the 186,000-point mark for the first time as potential foreign inflows upheld the positive sentiment.