Author name: NEN News

Business

PSX Bullish as KSE-100 Index Rises Over 2,696 Points

ISLAMABAD — The Pakistan Stock Exchange (PSX) experienced a notable bullish trend on Friday. The KSE-100 Index soared by over 2,696 points, marking a 1.59 percent rise and closing at 172,399.90 points. Market Trends The impressive rise of the KSE-100 Index follows a positive trend observed in the previous trading session. Before this surge, the index was positioned at 169,703.60 points. Investor Confidence Improved market conditions have significantly boosted investor confidence. This boost played a crucial role in the index’s upward movement. Analysts suggest that this positive trend demonstrates renewed trust among market participants. Given the current optimism, experts predict that the market may continue its positive momentum in the coming sessions.

Business

Security Tight as FY2026-27 Budget Delivered to Parliament

ISLAMABAD — On Monday, police commandos, alongside officials from Pakistan’s Federal Board of Revenue (FBR), successfully delivered the FY2026-27 federal budget to Parliament House. The important documents, securely held in physical boxes, were transported efficiently to their destination. Enhanced Security Measures Comprehensive security protocols were in place to protect the budget documents during transit. Vigilant personnel maintained a strong presence outside Parliament House to ensure these sensitive materials were safely transferred. Significance of Budget Presentation The presentation of the FY2026-27 budget is a pivotal event in Pakistan’s legislative calendar. The National Assembly now embarks on the critical task of reviewing this essential financial plan. This budget outlines the economic framework and strategic priorities for the upcoming fiscal year.

Business

FBR Delivers FY2026-27 Budget Copies to Parliament House

ISLAMABAD — Pakistan’s Federal Board of Revenue (FBR) officials have securely delivered the FY2026-27 federal budget to the Parliament House in Islamabad, accompanied by police commandos. This operation ensures the safety and confidentiality of the budget documents. Enhanced Security Measures To safeguard sensitive financial information, strict security protocols were enforced during the budget’s transport. Such precautions are critical until the details are officially released to the public. Timely Delivery for Budget Session The timely delivery of the budget documents is crucial for the parliamentary budget session. During this session, the government will discuss fiscal policies and apportion resources across various sectors. These discussions establish the financial agenda for the upcoming year.

Pakistan

CDA Worker Tends to Green Belt Near Parliament House

ISLAMABAD — A dedicated worker from the Capital Development Authority (CDA) was actively watering plants along the green belt near Parliament House. This effort is part of a mission to enhance greenery and environmental quality in Pakistan’s federal capital. Importance of Green Belts The green belt surrounding Parliament House is vital to Islamabad’s ecosystem. It serves as a natural buffer within the urban landscape, aiding the city’s ecological balance. Role of the Capital Development Authority The CDA’s ongoing maintenance ensures that the green area remains lush and well-preserved. This showcases their commitment to environmental stewardship and the beautification of the urban environment. Comprehensive Environmental Initiatives The CDA’s focus on environmental care is part of broader efforts to improve the city’s aesthetic appeal and ecological health. These initiatives bring substantial benefits to Islamabad.

Business

Rs 11.57 Billion Allocated for Revenue Division in PSDP 2026-27

ISLAMABAD — The federal government has allocated Rs 11.57 billion for four ongoing projects under the Revenue Division within the Public Sector Development Programme (PSDP) for the fiscal year 2026-27. This allocation aims to bolster infrastructure and enhance capacity within the Revenue Division. Revenue Improvement Initiatives These projects are designed to improve the efficiency and effectiveness of revenue collection mechanisms. This significant financial commitment reflects the government’s dedication to economic reforms and improved public sector administration. Understanding the PSDP The Public Sector Development Programme (PSDP) is a vital component of Pakistan’s annual budget. It finances a range of development projects nationwide, playing a crucial role in driving economic growth. The allocation for the Revenue Division projects represents a strategic focus on fiscal improvement for the upcoming year.

Business

Govt Allocates Rs 10,902 Million for Defence Division in 2026-27

ISLAMABAD — The federal government has allocated Rs 10,902.5 million for the Defence Division under the Public Sector Development Programme (PSDP) for the fiscal year 2026-27. This budget supports 19 ongoing projects and 12 new initiatives, as outlined in the PSDP document. Ongoing Defence Projects The following ongoing projects will receive financial allocations: Rs 2,550 million for the New Gwadar International Airport Rs 1,000 million dedicated to modernizing the Hydromet Services of the Pakistan Meteorological Department Rs 1,152.5 million for the NIHD Center of Excellence for Preventive Cardiovascular Research Rs 1,053.8 million for the Quantum Valley Pakistan (Phase-1) Rs 1,000 million allocated for the expansion of the Armed Forces Institute of Cardiology Rs 500 million for constructing a Rainwater Harvesting Dam at Islamabad International Airport New Initiatives in the Defence Division The budget supports various new projects, including: Rs 500 million for building the National Defence University FCS Campus at the Defence Complex Islamabad Rs 200 million for enhancing IT infrastructure at the Faculty of Security Studies at the NDU Rs 180.202 million for establishing a new FG Public School in the Defence Complex Rs 100 million allocated for feasibility and design studies for an airport in Mirpur (AJK) Defence Production Division Funding The Defence Production Division has earmarked Rs 979.84 million for two ongoing projects: Rs 820.939 million for upgrading infrastructure at KS&W Rs 158.901 million for establishing a Project Management Cell to develop a shipyard at Gwadar

Pakistan

Rs 2,403 Million Earmarked for Law Ministry in PSDP 2026-27

ISLAMABAD — The federal government is strategically allocating Rs 2,403 million to the Ministry of Law and Justice for the fiscal year 2026-27. This budget, under the Public Sector Development Programme (PSDP), is directed towards both ongoing and newly planned legal initiatives. Funding for Ongoing Projects A significant Rs 1,380 million has been earmarked for continuing projects. Key financial allocations include: Rs 200 million dedicated to constructing the Federal Courts/Tribunals Complex in Karachi. Rs 228.306 million set aside for the Legal Facilitation Center at the Islamabad High Court. Rs 261.8 million allocated for the Litigants Facilitation Center in Islamabad’s G-10/1 sector. In Quetta, Rs 226.7 million funds the Admin Block at the Supreme Court Branch Registry. Additionally, Rs 290.5 million is budgeted for expanding the Supreme Court Branch Registry in Karachi. Smaller amounts will be utilized for enhancing federal court automation and archiving processes. Allocation for New Projects New initiatives receive an allocation of Rs 703 million for purchasing land within the Diplomatic Enclave for official residences of Islamabad High Court (IHC) judges. An extra Rs 300 million is designated for constructing these residences. Moreover, Rs 20 million is reserved for conducting a feasibility study.

Pakistan

Government Allocates Rs 36.3 Billion for Education Projects in 2026-27

ISLAMABAD — The federal government has allocated over Rs 36.3 billion for educational development projects for the fiscal year 2026-27. This significant funding comes through the Federal Education and Professional Training Division under the Public Sector Development Programme (PSDP). Funding Allocation Details The official PSDP documents reveal that this funding aims to support educational initiatives across Pakistan. It is vital for continuing and enhancing various projects within the education sector, contributing to national progress. Focus on Infrastructure and Resources This allocation underscores the government’s commitment to improving educational infrastructure and resources. The initiative is in line with national development goals and aims to significantly strengthen Pakistan’s educational framework.

Business

Federal Earmarks Rs 21.825 Billion for Interior Ministry in 2026-27

ISLAMABAD — The federal government has allocated Rs 21.825 billion to the Ministry of Interior for the fiscal year 2026-27. This allocation falls under the Public Sector Development Programme (PSDP), supporting both ongoing and new projects. Focus on Operational Capacity The primary aim of the budget allocation is to enhance the Ministry of Interior’s operational capacity. A significant portion is dedicated to improving public safety measures throughout Pakistan. However, specific project details have yet to be disclosed. Investment in Public Safety This substantial financial investment signals the government’s strong commitment to national security and public safety. These priorities are essential for achieving wider economic growth and developmental goals across the country.

Business

Finance Minister Aurangzeb Unveils Federal Budget 2026-27

ISLAMABAD — Finance Minister Muhammad Aurangzeb has unveiled the Federal Budget 2026-27 at Parliament House in the National Assembly. This announcement drew significant public interest and spotlighted Pakistan’s fiscal policies and economic strategy. Citizens nationwide followed the budgetary details closely as they emerged. Key Focus Areas of Economic Plan The budget unveiling heightened anticipation as the government detailed its economic plan for the coming year. The main focus areas include: Public spending Taxation Measures to stimulate economic growth Commitment to Sustainable Development Finance Minister Aurangzeb highlighted the government’s commitment to sustainable economic development. The initiatives are crafted to balance fiscal responsibility with improvements in social welfare. Strategic Goals for Sectoral Growth The strategy aims to strengthen infrastructure, health, and education sectors. This comprehensive approach is designed to foster substantial growth in Pakistan’s economy.

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