ISLAMABAD: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal, has said Pakistan’s economy is on the path to recovery, while emphasizing the need to prioritize and complete ongoing development projects to support sustainable growth. Read More: Ahsan Iqbal says Pakistan saved region, slams India Speaking at the Annual Plan Coordination Committee meeting for the 2026-27 […]
Planning Commission
Pakistan PSDP spending stays below target despite budget cuts
Development spending under Pakistan’s Public Sector Development Programme reached ₨469.9 billion during the first 10 months of fiscal year 2025-26, although utilisation remained below official targets despite reductions in the overall development budget. Officials said ongoing fiscal pressures and regional tensions continued affecting the pace of public sector development projects. According to the Monthly Development […]
Govt mulls Rs300bn cut in PSDP
ISLAMABAD – The federal government is reportedly considering a Rs300 billion reduction in the Public Sector Development Programme (PSDP) for the current fiscal year, slashing the national development budget by nearly 30 percent, from Rs1,000 billion to Rs700 billion. Sources in the Planning Commission revealed that the proposed cut is being weighed due to lower-than-expected revenue […]
Poor policies cause 13.5% drop in major crop output, warns planning commission
ISLAMABAD – The Planning Commission has admitted that faulty federal and provincial policies led to a sharp 13.5% decline in major crop production this fiscal year. This drop may increase food imports next year and put pressure on the country’s foreign exchange reserves. According to a working paper prepared for the 2025–26 federal budget, the […]
PM Shehbaz orders fast-track completion of Diamer-Bhasha dam
Prime Minister Shehbaz Sharif has directed immediate removal of all obstacles in the Diamer-Bhasha Dam project to ensure its early completion. Chairing a high-level meeting in Islamabad, he stressed the urgent need to speed up work on key water infrastructure projects, especially this mega-dam, which holds national importance. During the meeting, senior officials from WAPDA, […]