ADB Targets October Completion for ML-1 Railway Project Design
The Asian Development Bank aims to finalise the Main Line-1 railway project design by October 2026 before moving towards procurement and subsequent implementation stages.
PM Shehbaz, ADB Discuss Early Groundbreaking Of ML-1 Railway Project
Prime Minister Shehbaz Sharif and ADB Vice President Yingming Yang discuss early groundbreaking of ML-1 and cooperation under Pakistan’s Country Partnership Strategy 2026-2030.
Pakistan, ADB Strengthen Reform Cooperation With Focus on Private Sector Growth
Pakistan and ADB discussed structural reforms, SME financing, private-sector development, investment, exports, infrastructure and climate resilience to support sustainable economic growth.
Punjab Plans New Authority to Manage and Monetise Idle Public Assets
Punjab plans to establish an Asset Management Authority to identify, manage and monetise underutilised public assets through digital inventories and GIS-based records.
Govt Plans Three Year Defect Liability Period for Public Development Projects
The government plans to extend the Defect Liability Period for public development projects from one year to three years, with a roadmap for five years.
Pakistan Business Forum Urges National Dialogue On Governance Reforms And New Provinces
Pakistan Business Forum has called for a national dialogue on governance reforms, proposing constitutional debate on administrative restructuring to improve public services, investment and economic development.
Pakistan Railways Achieves 20 Percent Revenue Growth and Targets Major Infrastructure Overhaul
Pakistan Railways reported a significant revenue increase to 115 billion rupees for the fiscal year 2025-26, driven by expanding passenger services and strategic cargo operations.
Fuel Subsidy Diverts Hit Pakistan Public Sector Development Programme
The federal government utilized only fifty three percent of its original public sector development budget after slashing tranches to fund sudden emergency fuel subsidies.
Punjab Trims Annual Development Programme to Rs752bn for FY27
The Punjab government announced a downsized seven hundred and fifty two billion rupee development budget for the next fiscal year after surrendering substantial funds to the national treasury.
Federal Government Proposes One Trillion Rupee Public Sector Development Programme for Fiscal Year 2027
The federal government unveils a one trillion rupee public sector development program for the upcoming fiscal year, prioritizing major infrastructure and transport networks.