Category: Latest News

ISLAMABAD: Pakistan has allocated nearly 35 percent of the proceeds raised through its inaugural domestic Green Sukuk toward climate-resilient infrastructure projects, with major investments directed to water storage and renewable energy initiatives. According to the Ministry of Finance’s “Domestic Green Sukuk Allocation & Impact Report FY2025-26,” the government has so far utilised Rs11.256 billion out of the Rs32 billion raised through the three-year Variable Rental Rate (VRR) GOP Ijarah Green Sukuk launched under Pakistan’s Sustainable Investment Sukuk Framework. The report stated that the remaining Rs20.744 billion would be allocated within…

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ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday granted in-principle approval for the restructuring of the Pakistan National Shipping Corporation (PNSC), including the sale of a 30 percent stake and transfer of management control to the National Logistics Corporation (NLC). The ECC meeting, chaired by Federal Minister for Finance and Revenue Muhammad Aurangzeb, also approved the National Policy to Realize Pakistan’s Gemstone Potential 2026–2030, aimed at modernizing the gemstone sector, promoting value addition, and boosting exports, particularly from Gilgit-Baltistan, Khyber Pakhtunkhwa, and Azad Jammu & Kashmir. The…

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HARIPUR: Growing air and water pollution in Haripur district, particularly around the Hattar Industrial Estate, is increasingly being blamed for a surge in diseases among local residents. According to residents, toxic emissions from factories and the discharge of hazardous chemicals into water sources are severely affecting public health, with children among the worst impacted. Locals say they have repeatedly approached government authorities and even the Supreme Court, warning that the situation could pose serious long-term risks to thousands of people. Sources revealed that smoke and emissions from factories operating in…

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Karachi: Sindh Senior Minister Sharjeel Inam Memon said that work on the Orange Line BRT has been completed, while work on the Yellow Line BRT project is progressing rapidly with the support of the World Bank. One section of the Taj Haider Bridge has been completed, while work on the remaining section is underway. Construction of the Yellow Line BRT depots is also in progress, while development work on the Red Line BRT project continues with the support of the Asian Development Bank. He said that modern bus terminals are…

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Islamabad, 19 May 2026: The Government of Pakistan, through the Privatisation Commission, has formally invited Expressions of Interest (EOIs) from local and international investors for the privatisation of three major electricity distribution companies (DISCOs): Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), and Islamabad Electric Supply Company (IESCO). The transaction offers investors the opportunity to acquire between 51% and 100% shareholding together with management control in each of the three distribution companies. The initiative forms part of the Government’s broader economic reform agenda aimed at improving efficiency, strengthening…

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