The Planning Commission has raised concerns over the procurement of 179 vehicles, including 15 fully bulletproof units, under the Federal Board of Revenue’s (FBR) Rs41 billion Revenue Raises Project, urging a review of the Rs2.237bn expenditure in light of the Finance Division’s austerity measures. Funded by a $150 million World Bank loan at an annual interest rate of 2.5 per cent over 30 years
In the wake of the country’s recent military success against Indian aggression, the federal government has claimed to have turned its focus to economic recovery and public relief, with high-level consultations underway ahead of the national budget. On Sunday, key federal ministers met separately with the Sindh governor and chief minister in Karachi, aiming to build consensus among major coaliti
Bulls took control of the Pakistan Stock Exchange (PSX) on Thursday as shares gained over 1,400 points, bringing calm to yesterday’s heightened volatility. The positive momentum comes just a day after Pakistan received the second tranche from the International Monetary Fund (IMF), worth $1 billion, under its loan programme. The KSE-100 index opened with a gain of 858.23 points (0.73 per cent
The Japanese government has approved a grant assistance of $3.50 million for Pakistan to provide smart water meters and related equipment to the Water and Sanitation Agency (Wasa) in Faisalabad. An agreement to this effect was signed in Islamabad on Wednesday between the embassy of Japan and the Economic Affairs Division under the Economic and Social Development Programme. Through technical
The country recorded a significant rise in mobile internet usage among women in 2024, as the gender gap in mobile internet adoption narrowed from 38 per cent to 25pc, according to the GSMA Mobile Gender Gap Report 2025 released on Wednesday. This means that women in Pakistan are now 25pc less likely than men to use mobile internet — an improvement from previous years. In contrast, the gender