Author: Admin

ISLAMABAD: The federal government has earmarked approximately Rs179 billion for around 44 water sector and hydropower development schemes under the Public Sector Development Programme (PSDP) 2026–27, including 43 ongoing and one new project, amid continued fiscal constraints. According to the Ministry of Planning, Development and Special Initiatives, the total allocation includes around Rs106.62 billion in local funding requirements and Rs72.37 billion in rupee cover obligations. For ongoing hydropower projects, about Rs42.66 billion has been set aside. Major allocations include Rs25 billion for the Dasu Hydropower Project (Stage-I), Rs4.28 billion for…

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ISLAMABAD: The Special Investment Facilitation Council (SIFC) has initiated high-level engagements with a visiting Saudi delegation led by Chairman of the Pakistan-Saudi Joint Business Council, Prince Mansour, aimed at expanding investment cooperation across multiple sectors of Pakistan’s economy, according to well-informed sources in the Ministry of Energy. The visit, scheduled from June 4–5, 2026, includes a series of government-to-government (G2G), government-to-business (G2B), and business-to-business (B2B) meetings focused on infrastructure, energy, agriculture, real estate, and logistics development. Official documents indicate that the SIFC Secretariat has instructed relevant ministries and departments to…

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LAHORE: The Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) has welcomed the establishment of Pakistan’s first coal-based fertiliser plant under the China-Pakistan Economic Corridor (CPEC), describing the $1.12 billion investment as a landmark project that will strengthen agricultural productivity, enhance food security, generate employment opportunities, and promote industrial growth. In a statement issued on Thursday, PCJCCI President Nazir Hussain said the project would enable Pakistan to utilise its indigenous coal resources for fertiliser production, reducing reliance on imported fertiliser inputs and ensuring a more stable and affordable supply…

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ISLAMABAD: Pakistan has renewed efforts to attract Saudi investment in a long-delayed $10 billion oil refinery project at Gwadar, as growing trade activity at the strategic port strengthens its position as a regional energy and logistics hub. Government officials have once again urged Saudi Arabia to establish an oil refinery and strategic fuel storage facilities at Gwadar Port, a project first proposed during the 2019 visit of Saudi Crown Prince Mohammed bin Salman to Pakistan. The renewed push comes as activity at Gwadar Port has reportedly increased by around 30…

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ISLAMABAD: A clean-up drive conducted by the Pakistan Environmental Protection Agency (Pak-EPA) on the shores of Rawal Lake has uncovered alarming quantities of hazardous waste, including discarded syringes, hospital refuse, and plastic debris, raising serious concerns about pollution levels threatening the lake’s ecosystem. The cleanup campaign was organized on Thursday to mark World Environment Day and was conducted by Pak-EPA in collaboration with Nestlé Pakistan, with support from the Punjab Government’s Small Dams Department. Held under the theme “Inspired by Nature, for Climate, for Our Future,” the initiative served as…

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