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ISLAMABAD — The federal government has secured Rs2,699.339 million in funding for the Islamabad Safe City project as part of its Public Sector Development Programme (PSDP) for the 2026-27 fiscal year. This substantial funding aims to boost surveillance, enhance public safety, and improve smart policing in Islamabad. Funding to Enhance Public Safety The allocated funds are crucial for ongoing initiatives aimed at strengthening the infrastructure dedicated to safety and security in the federal capital. The project focuses on multiple objectives: Improving current surveillance systems Enhancing their effectiveness in crime prevention Boosting overall security within the city Integrating Advanced Technology The Safe City project is a cornerstone of Islamabad’s urban development strategy, focusing on integrating advanced technologies within law enforcement. This financial boost reflects the government’s commitment to modernizing public safety measures, effectively addressing the challenges of urban growth.

ISLAMABAD — Finance Minister Muhammad Aurangzeb announced on Friday that Pakistan has saved Rs143 billion on power subsidies. These savings result from structural reforms in the energy sector implemented over the past year. Structural Energy Sector Reforms Muhammad Aurangzeb highlighted the government’s significant efforts to restructure energy sector mechanisms. These reforms have significantly increased efficiency across the board. As a result, Pakistan is now better positioned to allocate resources more effectively, which has considerably reduced the financial burden of subsidies. Boosting Economic Growth The finance minister underscored the crucial role these energy reforms play in preparing Pakistan for sustained economic growth. The government’s commitment remains focused on maintaining energy stability and affordability. Benefits to Citizens The ongoing reforms bolster the country’s energy security and affordability, ensuring long-term sustainability. The government’s goal is to provide stable and affordable energy access for all citizens across Pakistan.

ISLAMABAD — Senator Muhammad Aurangzeb, Pakistan’s Finance and Revenue Minister, has announced a significant increase in the country’s IT exports. These exports have grown by more than 20% annually, nearing the $4.5 billion target this financial year. IT Sector as a Growth Engine The IT sector is emerging as a major engine for Pakistan’s export growth, showcasing its potential to enhance economic development significantly. This sector plays a crucial role in bolstering the national economy. Government Initiatives Fueling Growth The Minister highlighted the strong performance of the technology sector. This success is closely aligned with government strategies focused on: Strengthening digital infrastructure Encouraging economic diversification Boosting overall economic growth These initiatives aim to lay the groundwork for sustained growth in IT exports.

The government has introduced significant tax relief measures as part of the Federal Budget 2026-27. These measures are designed to reduce financial pressure on salaried individuals, businesses, and exporters. Key Sectors Benefiting from Tax Relief Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the relief extends to crucial sectors like construction, the IT industry, and women’s health products. Strategic Objectives of the Tax Relief Reducing tax liabilities for individuals and businesses Encouraging increased investment Improving economic documentation Boosting overall economic growth Senator Aurangzeb highlighted the importance of these measures in driving economic expansion and fostering a more inclusive financial environment. Economic Impact and Industry Response The government aims to provide immediate fiscal relief by concentrating on important sectors and groups. This strategy is intended to nurture an investment-friendly climate and support ongoing economic expansion.

ISLAMABAD — The Pakistan Stock Exchange (PSX) showcased a strong bullish trend on Friday as the KSE-100 Index jumped by more than 2,696 points. This marked a 1.59 percent increase, closing the index at 172,399.90 points. Market Trends The KSE-100 Index’s significant rise follows a positive trend from the previous trading session. Prior to this increase, the index was at 169,703.60 points. Investor Confidence Enhanced market conditions have bolstered investor confidence, playing a key role in the index’s rise. Analysts believe this upward trend reflects renewed confidence among market participants. Current optimism indicates that the market may sustain its positive momentum in upcoming sessions.

ISLAMABAD — On Monday, police commandos and officials from Pakistan’s Federal Board of Revenue (FBR) delivered the FY2026-27 federal budget to Parliament House. The documents, held in physical boxes, were efficiently transported to their destination. Enhanced Security Measures Comprehensive security protocols were in place to protect the budget documents during transit. Personnel remained vigilant outside Parliament House, ensuring the safe transfer of these sensitive materials. Importance of Budget Presentation The presentation of the FY2026-27 budget represents a crucial event in Pakistan’s legislative calendar. The National Assembly now undertakes the task of reviewing this vital financial plan. This budget outlines the economic framework for the upcoming fiscal year.

ISLAMABAD — Pakistan’s Federal Board of Revenue (FBR) officials, accompanied by police commandos, have securely transported the FY2026-27 federal budget to Parliament House in Islamabad. This ensures both the safety and confidentiality of the documents. Enhanced Security Measures To protect sensitive financial data, strict security protocols were implemented during the budget’s delivery. These precautions are vital until the information is made public. Timely Delivery for Budget Session The prompt transportation of budget documents is essential for the parliamentary budget session. During this event, the government will discuss fiscal policies and allocate resources across sectors. This sets the financial agenda for the year ahead.

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 The projects are designed to improve the efficiency and effectiveness of revenue collection mechanisms. This significant financial commitment underscores the government’s dedication to economic reforms through improved public sector administration. Understanding the PSDP The Public Sector Development Programme (PSDP) is a crucial component of Pakistan’s annual budget. It funds a range of development projects nationwide, playing a significant role in driving economic growth. The allocation for Revenue Division projects represents a strategic focus on fiscal improvement for the upcoming year.

ISLAMABAD — The federal government has earmarked Rs 21.825 billion for the Ministry of Interior for the 2026-27 fiscal year. This budget is part of the Public Sector Development Programme (PSDP), focusing on both ongoing and new projects within the ministry. Enhancing Operational Capacity The budget allocation is primarily aimed at enhancing the operational capacity of the Ministry of Interior. Efforts to improve public safety measures throughout Pakistan are a key focus. However, specific details regarding the projects receiving this funding have not yet been disclosed. Boosting Public Safety This significant financial investment underscores the government’s commitment to national security and public safety. These focus areas are crucial for achieving broader developmental goals at a national level.