Project of 3 billion dollars has been approved for the rehabilitation of flood-affected areas. According to the details, the Ministry of Planning has approved projects worth 3 billion dollars for the rehabilitation of flood-affected areas. A total of 21 development projects have been approved ...

In a significant development, the Central Development Working Party (CDWP) convened on Thursday, with Dr. Jahanzeb Khan, Deputy Chairman of the Planning Commission, presiding over the meeting. During this session, the CDWP granted approval to seven pivotal development projects, amounting to a ...

More than 15 other projects, will be signed between Pakistan and China including the ML-1 under the Belt and Road Forum between Pakistan and China.On October 17th and 18th, MOUs will be signed between the two countries at the Belt and Road Forum in China. According to sources, on October 17th and ...

According to sources, under pressure from the International Monetary Fund (IMF), Pakistan has reduced the cost of its ML-1 railway project, which aims to establish modern railway lines. The project's cost has been reduced to less than $3 billion after expressing reservations on Chinese loans ...

The International Monetary Fund (IMF) has projected a significant fiscal deficit for Pakistan in the fiscal year 2023-24, surpassing the government's set target by a considerable margin. According to the IMF's Fiscal Monitor Report for 2023, Pakistan's estimated deficit for the upcoming fiscal ...

Pakistan State Oil (PSO) is currently engaged in discussions with Bank of China/Sinopec regarding the establishment of either an oil refinery or petrochemical refinery, involving an investment exceeding $10 billion. These insights have been provided by well-informed sources to ...

Approval has been given for projects costing more than 3 billion dollars in the Federal Steering Committee meeting for the rehabilitation of areas affected by floods. According to reports, an emergency relief project related to water scarcity has been approved in Sindh, with an estimated ...

An agreement concerning third-party involvement in the China Pakistan Economic Corridor (CPEC) is expected to be inked during the Belt and Road Forum (BRF) between Pakistan and China. This revelation came from a recent meeting chaired by the Caretaker Minister for Planning, Development, and ...

The World Bank has revised its GDP growth projection for Pakistan in fiscal year 2023-24 (FY24) to 1.7 percent, down from its previous estimate of 2 percent. This adjustment is highlighted in the latest report titled 'Pakistan Development Update: Restoring Fiscal Sustainability.' The ...

In an effort to attract investment, the federal government is considering the sale of its shares in the Reko Diq project to Saudi Arabia, as the kingdom has expressed interest in the copper-gold mining venture, according to officials familiar with the matter. Under the revised agreement, the ...