Lahore: The Punjab government has earmarked Rs842 billion for 37 development schemes under the Medium-Term Development Framework (MTDF), formerly known as the Annual Development Programme (ADP), for the fiscal year 2024-25. Social Sector: Rs. 280.65 Billion A significant portion, Rs. 280.65 billion, is dedicated to 12 social-sector schemes. The allocations include: Rs. 42.5 billion for school education Rs. 17 billion for higher education Rs. 2 billion for special education Rs. 4 billion for literacy and non-formal education Rs. 7.6 billion for sports and youth affairs Rs. 86 billion for speci ..read more

Multan: The Parks and Horticulture Authority (PHA) has proposed a plan to the government for the construction of 20 new parks in South Punjab, Multan. This announcement was made by PHA Director General Asif Rauf during a briefing to Additional Chief Secretary (ACS) South Punjab Fuad Hashim Rabbani. Director General Rauf provided details of the cost plans, which include PKR 130 million for the restoration of Jinnah Park, PKR 220 million for Shamsabad Park, and PKR 150 million for the repair and maintenance of Qasim Park. The total estimated cost for these projects is PKR 1 billion. ACS Rabbani ..read more

Islamabad: The federal government is set to present the budget for the fiscal year 2024-25 in the National Assembly today, with Finance Minister Muhammad Aurangzeb delivering the presentation. This budget, the first under the new Sharif administration, is designed to stimulate economic growth with an anticipated fiscal outlay of approximately Rs. 18 trillion. Following discussions among political parties, the budget session will break from June 13 to June 19, resuming on June 20 for general discussions until June 24. Debates on cut motions will occur on June 26 and 27, with the Finance Bill’s ..read more

Islamabad: The World Bank has granted an additional $1 billion for the DASU Hydropower Project, a significant boost to Pakistan’s renewable energy initiatives. The funding aims to facilitate the country’s shift to clean and cost-effective energy, thus enhancing its capacity to fulfill escalating energy needs sustainably. This financing aims to expand: Hydropower electricity supply Enhance socio-economic services for local communities Strengthen the Water and Power Development Authority’s capacity for future hydropower projects. World Bank Country Director for Pakistan Najy Benhassine said ..read more

Islamabad: Realtorspk.com, a leading real estate platform, has joined hands with Tanveer Associates, a renowned sales expert, to revolutionize the property market in Pakistan. This strategic collaboration aims to deliver exceptional sales services and enhance customer experience. The partnership will leverage Tanveer Associates’ sales prowess to promote projects, including Faisal Hills Prime Block. Both entities share a commitment to quality, transparency, and innovation, ensuring an interaction that will drive growth and success in the real estate sector. This alliance is poised to set new st ..read more

Peshawar: The Peshawar Development Authority’s Board of Directors (BoD) has approved the construction of underpasses/flyovers on Ring Road and other key roads to alleviate traffic congestion in the provincial capital. During the 11th Board meeting of the Peshawar Development Authority, chaired by Chief Minister Khyber Pakhtunkhwa Sardar Ali Amin Khan Gandapur at the Chief Minister’s House in Peshawar, it was decided that the construction of 8 underpasses/flyovers would commence initially. These include 3 on Ring Road and 5 at other points with heavy traffic congestion. The meeting, attended by ..read more

The auspicious event of “Bari Eid” is just around the corner, and the expected 2024 Eid-ul-Adha date will be 17th June. It means the season of tasty meaty aromas, grilling, and chilling is almost here in Pakistan. The hot weather and fear of different viruses have made online qurbani a trend over the last few years. Qurbani rates are quite high in this year. Eid-ul-Adha is celebrated to commemorate the story of the Muslim Prophet Ibrahim’s test of faith when God commanded him to sacrifice his son, Ismail. It is a time when Muslims show their gratitude towards Allah by sacrificing animals. The ..read more

The traditional office space model is one of many options for businesses, especially for budding entrepreneurs and small ventures. However, in recent years, coworking spaces for small businesses have emerged as a dynamic alternative, offering a flexible, collaborative, and cost-effective option for small enterprises and businesses to thrive. As of 2021, approximately 3.1 million people were using coworking spaces globally. In the current year i.e., 2024, the number of coworking spaces worldwide will exceed 40,000. You must be wondering how coworking spaces promote small bus ..read more

Gilgit: The Gilgit-Baltistan Finance Department has achieved a significant milestone by collecting a record Rs3 billion in revenue during the July-March period of the current fiscal year 2023-2024 According to Gilgit Baltistan Finance Secretary Aziz Ahmed Jamali, the achievement is the result of a multi-purpose strategy aimed at generating revenue from various sectors including tourism, power, minerals, and others. This initiative is part of a broader effort to make the region financially self-sufficient, as the Gilgit Baltistan government currently relies on the federal budget to meet its exp ..read more

Islamabad: The Asian Development Bank (ADB) and the Federal Board of Revenue (FBR) are teaming up to enhance their efforts in the Digital Tax Administration Project. A recent meeting at the FBR headquarters between ADB officials and FBR leadership proved to be productive, aiming to strengthen collaboration. Led by Senior Director Tariq Niazi from Manila, the ADB mission engaged in discussions with FBR leaders regarding the progress of the Domestic Resource Mobilisation Program (DRM). The ADB expressed satisfaction with the successful rollout of the program, particularly highlighting achievemen ..read more