48 h. ago Pakistan seeks chinese, AIIB investment for key road projects

Pakistan is ramping up efforts to attract foreign investment in its road infrastructure sector, with Federal Minister for Communications Abdul Aleem Khan holding crucial meetings in Tianjin, China, with top officials from China Road and Bridge Corporation (CRBC) and the Asian Infrastructure Investment Bank (AIIB). During talks with CRBC Chairman Du Fei, the minister presented […]

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4 d. ago Pakistan joins fossil fuel treaty, faces scrutiny over coal and gas projects

In a bold move, Pakistan has become the first South Asian country to join the Fossil Fuel Non-Proliferation Treaty (FFNPT), aligning itself with climate-vulnerable nations advocating for a global shift away from coal, oil, and gas. The treaty aims to stop the expansion of fossil fuels and help countries transition through financial aid and international […]

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7 d. ago PANDEMIC PREPAREDNESS: Pakistan launches ‘One Health Initiative’ with support from WHO, FAO, and ADB

Pakistan has launched the implementation of a US $18.7 million project under the Pandemic Fund to strengthen its pandemic preparedness and response systems. Supported by the World Health Organization (WHO), the Food and Agriculture Organization (FAO), and the Asian Development Bank (ADB), the initiative will establish “One Health Units” across the country through a coordinated […]

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1 week ago Barrick, Komatsu ink $440mn deal for Pakistan’s Reko Diq mines

Barrick Gold Corporation and Japan’s Komatsu have finalized a $440 million agreement to supply mining equipment to Pakistan’s Reko Diq copper-gold project, with Komatsu also announcing plans to establish a local subsidiary to support operations, the company said on Wednesday. Reko Diq is one of the world’s largest undeveloped copper and gold deposits, located in […]

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1 week ago World bank grants $194 million to boost education and water security in Balochistan

The World Bank has approved $194 million for two major development projects in Balochistan, focusing on improving education and strengthening water security across the province. These projects aim to reduce poverty, boost resilience, and enhance basic services in both urban and rural communities. The GRADES-Balochistan project, with $100 million in funding, targets learning poverty by […]

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1 week ago World Bank approves $194 million for two projects in Pakistan

WASHINGTON – The World Bank Board of Executive Directors has approved $194 million for two projects to enhance educational opportunities

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1 week ago Pakistan opposes India’s request to world bank over Kishanganga project

ISLAMABAD/NEW DELHI – Pakistan has strongly opposed India’s request to halt the World Bank’s proceedings against the controversial Kishanganga and Ratle hydropower projects being constructed by India in Indian-occupied Jammu and Kashmir. According to Indian media reports, India sent a letter to the World Bank-appointed neutral expert, Michael Lino, claiming that India has suspended the […]

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1 week ago Pakistan seeks 4th extension for $393m higher education project to finish IT upgrades

ISLAMABAD – The government of Pakistan has asked the World Bank for a fourth extension of its $393.73 million Higher Education Development in Pakistan (HEDP) project. The request aims to allow four more months to finish key IT and digital infrastructure work at public universities, which officials say will have a long-term impact beyond the […]

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2 w. ago Ishaq Dar calls for swift progress on industrial parks to boost investment

ISLAMABAD: Deputy Prime Minister and Foreign Minister Senator Ishaq Dar has urged authorities to accelerate the development of industrial parks. He emphasized that these parks must meet international standards to attract local and foreign investment. Dar made these comments while chairing a high-level committee meeting focused on the Karachi Industrial Park project at the Pakistan […]

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2 w. ago Shehbaz Sharif sets 2028 target for connecting Reko Diq project to national railway network

ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday directed relevant authorities to link the Reko Diq copper and gold project in Balochistan with Pakistan Railway’s network by 2028 to support future transportation and cargo services. During a meeting chaired by PM Shehbaz on Tuesday, the prime minister ordered the creation of an inter-ministerial committee to handle […]

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2 w. ago Pakistan approves Rs 25 billion for key projects, focuses on energy, education, and digital growth

The Central Development Working Party (CDWP) has approved eight major projects worth Rs 25.19 billion. Additionally, it recommended a Rs 10.67 billion hydropower project in Gilgit-Baltistan to ECNEC for final approval. These decisions were made in a meeting chaired by Planning Minister Ahsan Iqbal, aiming to boost growth in energy, education, transport, and IT sectors. […]

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3 w. ago Rs13.5 billion allocated for digital growth: Pakistan’s 2025 budget fuels IT and tech infrastructure

The federal government has proposed Rs13.5 billion for IT and digital infrastructure projects in the 2025-26 Public Sector Development Programme (PSDP). The goal is to accelerate digital transformation and strengthen Pakistan’s IT ecosystem. The budget includes 12 ongoing projects under the Ministry of Information Technology and Telecommunications (MoITT), with a total cost of Rs85.7 billion. […]

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3 w. ago Rs. 4.8 billion allocated for 24 science and tech projects in budget 2025

The federal government has allocated Rs. 4.792 billion under the Public Sector Development Program (PSDP) for the 2025-26 fiscal year to support 24 ongoing science and technology projects. These funds aim to strengthen Pakistan’s scientific infrastructure and drive innovation in key sectors. One of the major allocations is Rs. 850 million for PCSIR’s Research, Development, […]

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last month Pakistan’s economic growth to hover at 2.44% in FY25, LSE warns

Pakistan’s economic growth is projected to be a modest 2.44% in the fiscal year 2024–25, showing only a slight improvement from last year’s 1.7%, according to the Lahore School of Economics (LSE) Modelling Lab. This forecast aligns closely with recent downward revisions by the Pakistan Bureau of Statistics and estimates by the World Bank, IMF, […]

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