The Government of Pakistan has distributed over Rs 9 crore in cash prizes and grants to honor the country’s athletes and sports federations. The awards were presented at a prestigious ceremony held by the Pakistan Sports Board (PSB) in recognition of outstanding performances by national athletes who represented Pakistan on international platforms. A total of […]
Government of Pakistan
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 […]
Govt rejects petrol shortage claims, ensures smooth supply nationwide
The Government of Pakistan has clearly denied reports of a petrol shortage. State Minister for Finance and Railways, Bilal Azhar Kayani, said there are sufficient reserves and all fuel supply chains are active across the country. His statement came in response to rising public concern triggered by regional tensions and online rumours. To maintain stability, […]
Govt secures Rs1.275 trillion Islamic loan to ease power sector debt
The Government of Pakistan has signed a major financial deal worth Rs1.275 trillion ($4.5 billion) with 18 commercial banks to reduce the country’s mounting power sector debt. The financing, based on Islamic principles, comes at a critical time when the sector is weighed down by unpaid bills, subsidies, and liquidity shortages. These issues have not […]
Pakistan goes electric: New EV policy aims to transform transport by 2030
ISLAMABAD — The Government of Pakistan has unveiled the National Electric Vehicle (NEV) Policy 2025–30, aiming to transform the country’s transport sector with clean, affordable, and energy-efficient mobility solutions. The policy sets a bold target: 30% of all new vehicles sold by 2030 will be electric. Addressing a press conference, Haroon Akhtar Khan, Special Assistant […]
Pakistan plans over 116,000 new gas connections despite ongoing shortages
The government of Pakistan has announced a plan to provide more than 116,000 new gas connections next fiscal year. Despite current gas shortages, officials aim to supply 115,530 new household connections, 550 commercial connections, and 350 industrial connections. This plan is part of efforts to improve energy access nationwide. Most of the new connections—about 85,740—will […]
China backs Pakistan with futuristic J-35 jets and HQ-19 missile defence deal
China has extended a major defence offer to Pakistan, including the cutting-edge fifth-generation J-35 stealth fighter jets and the HQ-19 missile defence system, in what is being seen as a milestone in strategic cooperation between the two allies. The offer also includes KJ-500 early warning and control aircraft, further enhancing Pakistan’s aerial surveillance and defence […]
Govt confirms june 10 budget date amid holiday schedule concerns
The Government of Pakistan has confirmed that the 2025–26 federal budget will be presented on June 10 as originally planned. Finance Secretary Imdadullah Bosal dismissed all rumors about a possible delay, calling them baseless. He clarified that there is no change in the budget date, and all preparations are moving forward with guidance from the […]
Govt’s new tariff policy to reduce import duties, boost economic growth
The government of Pakistan, under Prime Minister Shehbaz Sharif’s leadership, has decided to reduce import duties significantly as part of a broader strategy to attract foreign investment, promote exports, and stabilize the economy. In a crucial meeting on the National Tariff Policy held on Friday, the government approved the phased elimination of additional customs duties […]
Pakistan to seek IMF support for super tax reduction amid industry concerns
The Government of Pakistan has decided to formally approach the International Monetary Fund (IMF) to request flexibility on the super tax imposed on major industries. This move comes amid growing concerns from the business community over the heavy tax burden, which they warn could drive investment out of the country, especially to the UAE. According […]