Thursday, July 10th, 2025
Wind Corridor with a funding of Euro 27 million.
ISLAMABAD, JULY 10 (DNA) : The German government, through KfW Development Bank, has announced a significant investment of €27 million for the construction of a new substation at the Gharo Wind Corridor in Pakistan. Yesterday, Siemens Energy, in partnership with the National Grid Company of Pakistan (NGCP), officially signed a contract to commence construction work on the substation. The €27 million funding, provided by KfW will play a crucial role in evacuating power generated from the Gharo Wind Corridor, supporting the transition towards a more resilient and sustainable energy system.Read More
Pakistan closes fiscal year with record development spending
Ahsan Iqbal explained that this accomplishment came despite substantial budgetary pressures. The Public Sector Development Programme (PSDP), initially set at Rs 1,400 billion, was reduced to Rs 1,100 billion due to macroeconomic constraints. Even so, over 95% of the revised allocation was efficiently utilized Saifullah Ansar ISLAMABAD, Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal said here on Thursday that Pakistan had achieved a historic milestone in development spending, crossing Rs1 trillion, despite tight fiscal constraints. Speaking at the launch of the Monthly Development Report, the minister saidRead More
EAEU, Indonesia conclude talks on free trade agreement
MOSCOW, JUL 10 (BELTA/APP/DNA):On 9 July Member of the Board (Minister) for Trade of the Eurasian Economic Commission Andrey Slepnev and Coordinating Minister for Economic Affairs of Indonesia Airlangga Hartarto announced via videoconference that they had concluded negotiations on a free trade agreement, BelTA learned from the EEC trade bloc. “The Eurasian Economic Union continues to develop a network of economic partnerships with key friendly nations. And Indonesia is both a member of BRICS and one of the largest economies in Southeast Asia with a population approaching 300 million people,”AndreyRead More
Pakistan closes fiscal year with record development spending: Ahsan Iqbal
ISLAMABAD, JUL 10 (APP/DNA):Federal Minister for Planning, Development & Special Initiatives, Ahsan Iqbal said here on Thursday that Pakistan had achieved a historic milestone in development spending, crossing Rs1 trillion, despite tight fiscal constraints. Speaking at the launch of the Monthly Development Report, the minister said the government had successfully utilized approximately Rs 1,146 billion in development expenditure — the highest in Pakistan’s history. This is a moment of immense pride and a significant achievement, he said, adding for the first time ever, Pakistan has closed its development budget withRead More
Interior Minister warns against malicious campaign targeting state institutions
ISLAMABAD, JUL 10 (APP/DNA):Federal Interior Minister Mohsin Naqvi has strongly condemned a “malicious and orchestrated campaign” aimed at undermining the top civilian and military leadership of the country. In a statement posted on the social media platform X, Naqvi said the government is fully aware of those behind the disinformation drive targeting President Asif Ali Zardari, Prime Minister Shehbaz Sharif, and Chief of Army Staff (COAS) General Asim Munir. “There has been no discussion—nor does any such idea exist—regarding the President being asked to resign or the COAS seeking toRead More
Two grade-20 officers of Audit & Accounts service deputed at SCP
ISLAMABAD, Jul 10 (APP):The Supreme Court of Pakistan has received the services of two senior officers from the Pakistan Audit and Accounts Service, Zulfiqar Ahmed Bajwa and Muhammad Aleem Akhtar, on a one-year deputation basis. According to separate notifications issued by the Office of the Auditor General of Pakistan on Thursday, both officers have been transferred as per the notification issued from the Establishment Division dated July 9. Zulfiqar Ahmed Bajwa, a Grade-20 officer, was previously serving as Director General of Social Security Net. He has now been appointed asRead More