The State Bank of Pakistan (SBP) has reported a notable increase of $75 million in its foreign exchange reserves during the past week. According to the data released on Thursday, the SBP's foreign currency reserves now stand at $9.102 billion as of July 26, showing a rise from the $9.027 billion recorded on July 19. In terms of overall liquid foreign currency reserves, the total amount has reached $14.392...
Islamabad: As stated on July 31, the Capital Development Authority (CDA) Board formally approved the Capital Hospital's refurbishment and awarded 27 kanal of land for the building of Zulfiqar Ali Bhutto Science and Technology (SZABIT) University. This decision is part of a broader initiative to enhance the infrastructure and healthcare services in the capital. The modernization of Capital Hospital is seen...
Islamabad: The Federal Board of Revenue (FBR) has achieved a remarkable milestone by surpassing its revenue target for July 2024, with a provisional collection of over PKR 659 billion, as reported on August 1. This accomplishment marks a strong and promising start to the fiscal year 2024-25 (FY25), providing a solid foundation for the government’s revenue collection efforts. The initial target set by...
Islamabad: According to a report from August 1, the Capital Development Authority (CDA) is thinking of making a big adjustment to the way it approves projects. The CDA is in the early stages of deliberating a pivotal shift that could reshape its internal processes, specifically how financial sanctions for projects are handled. Traditionally, the approval process within the CDA is bifurcated, with...
Islamabad: In a move that signals a significant shift in urban planning for the Capital, Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has directed the Capital Development Authority (CDA) chairman to spearhead the development of vertical housing projects across Islamabad. This directive, reported on July 31, underscores the government's commitment to addressing the growing...
Islamabad: In a significant development for the Capital’s recreational and tourism sector, the Capital Development Authority (CDA) of Islamabad has announced a strategic partnership with the UK’s Foreign, Commonwealth and Development Office (FCDO) to establish a world-class safari park in the city. This collaboration is poised to bring a premier tourist attraction to the heart of Islamabad, enhancing...
Lahore: The Punjab government has allocated over PKR 50 billion for nine new development projects, according to a report on July 31. The approval for these substantial development projects was granted during the 10th meeting of the Provincial Development Working Party (PDWP), a key decision-making body responsible for steering the economic and infrastructural growth of the Punjab province. This pivotal...
Lahore: According to a July 30 Facebook post on its official page, the Ravi Bridge in Lahore will soon have ten lanes, two of which will be reserved for the Metro Bus. According to the specifics, this development is an important phase in the project that intends to improve Lahore's connection and traffic flow. The approaching ramp and the side road that connects to Ring Road are currently being worked on....
Quetta: The Defence Housing Authority (DHA) Quetta has announced an upcoming increase in feature charges for plots, effective from October 1, 2024, as stated on their official Facebook page. It is urged that existing plot owners have until September 30, 2024, to submit characteristic charges at the previous rates. The revised feature charges for residential and commercial plots under the new structure are...