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The 'Ghauri-III' is an intermediate-range ballistic missile under development by Pakistan. Its designed to be a 3-stage missile, based on the Ghauri missile. It would be by far the most advanced ballistic missile, with the farthest range, in Pakistan's arsenal. The Ghauri-III missile uses a liquid propellant engine. The Ghauri-III missile reportedly started development around 1999 with a planned range of 3,500 km to 4,000 km. It is presumed to be road mobile and use an inertial guidance system, like previous Pakistani designs. Few specific details are known as yet.
The Ghauri III is likely designed for long-range strikes into India. It is nuclear capable and is probably designed to be deployed against targets deep within India. As for status of Ghauri-III, it is currently under development.
Other missiles currently in the service of Pakistan are Hatf-I (BRBM), Abdali-I (BRBM), Ghaznavi (SRBM), Ghauri-I (MRBM), Ghauri-II (MRBM), Shaheen-I (MRBM), Shaheen-II (IRBM), Babur (cruise missile) and Ra'ad (cruise missile).

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References

References

★ Ghauri-III engine test report

★ Federation of American Scientists

★ The Pakistani Military Consortium

★ Pakistan Defence