Tag: billion

France provides 100 million euros (11.5 billion PKR) soft loan for the sustainable energy sector reform program

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article image On June 21st, 2017, Mr. Tariq Mahmood PASHA, Secretary of Economic Affairs Division (EAD), Mr. René CONSOLO, Chargé d’Affaire a.i., Embassy of France, and Mr. Jacky AMPROU, Country Director of the French Agency for Development (AFD), signed the €100 million Credit Facility Agreement (CFA) for the Sustainable Energy Sector Reform Program. The Asian Development Bank […]…Read More

610 projects of Rs 747 billion completed in last three years

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article image ISLAMABAD: As many as 610 development projects costing Rs 747 billion relating to all sectors of the economy have been completed during the last three years. According to official sources in the Ministry of Planning, Development and Reforms, out of total 610 completed schemes, 132 projects costing Rs 51 billion are in education, science and technology and Information technology (IT) sectors. Upto 32 projects with a total cost of Rs 9 billion were…Read More

CDWP to approve Rs26.69 billion PhD scholarship plan

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article image ISLAMABAD: The Central Development Working Party (CDWP) is likely to approve Rs26.69 billion PhD scholarship programme under the US-Pakistan Knowledge Corridor (Phase-I), which is to be executed by the Higher Education Commission (HEC). Another project construction of Lahore-Sialkot motorway (88km) of Rs52.66 billion, Red Line Project in Sindh (Rs1.29 billion) and another project of Rs777 million for enhancement of training capabilities of the…Read More

Pakistan eyes $2 billion through rice exports

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article image KARACHI: Pakistan is estimated to export 4.5 million tons of rice, fetching approximately $2.0 billion for the year 2016/17 as experts pin hopes on higher hybrid production as well as pro-agriculture and pro-export measures announced by the government. The office of Global Analysis USDA has raised Pakistan’s exports forecast by 0.1 million tons to 4.5 million tons on a stronger pace of trade. USDA projects around 20 percent larger purchases by Saudi Arabia and Azerbaijan from…Read More

PARC approves Rs 3.986 billion budget to bolster agri sector

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article image STAFF REPORT ISB: A budget of Rs 3.986 billion is approved for the year 2015-16 to improve agricultural research and food security in the country. The budget was sanctioned by Board of Governors (BoG) of Pakistan Agricultural Research Council (PARC)during their 39th meeting . The meeting was presided over by Federal Minister for National Food Security and Research (MNFSandR). The breakdown of the budget reveals that Rs 2.63 billion is allocated for non-development funds while the…Read More

Rs 341 billion agricultural package announced for small farmers

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article image STAFF REPORT ISB: A relief package for small farmers amounting Rs 341 billion was announced by Prime Minister, Nawaz Sharif at a ceremony held the other day. The Famers Convention was held to highlight the issues faced by small farmers and suggest efforts required to curb them through effective policy measures. Prime Minister while announcing the package stated on the occasion, "The relief package is the continuity of government’s upright policies to develop progress agriculture,…Read More

USF recompenses Rs 8 Billion to Telenor and Ufone to amplify services in KPK and Baluchistan

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article image STAFF REPORT ISB: Realizing the enormous land significance of far-flung urban communities of Baluchistan and Khyber-Pakhtunkhwa, the Universal Service Fund (USF) has honored an immense aggregate of Rs 8.76 Billion to Telenor and Ufone to give fundamental telephony and information services to the number of inhabitants in Shangla, Zhob and Sibi. An agreement of worth Rs.3.61 Billion has been conceded to Zhob which is a residential community and the locale capital of Zhob Region in…Read More

Govt. allocates Rs.142 billion for energy sector

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Staff Report ISB: Federal Minister for Finance, Ishaq Dar while presenting budget 2015-2016 in National Assembly, promulgated to allocate Rs. 142 billion for energy sector in a bid to end load shedding by year 2017. He said that, "The work is in progress to add 7000 MW to national grid besides another 3600 MW through LNG based power plants." Karachi nuclear power plants, Dasu, Diamer Bhasha Dam projects are also underway to account for menace of energy crisis, he added…Read More

KPK launches billion tree drive

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article image Staff Report ISB: Government of Khyber Pakthunkhwa in collaboration with IUCN launched its billion-tree campaign as a contribution to the global Bonn Challenge on occasion the World Environment Day in Islamabad. It calls for the restoration of 150 million hectares of deforested and degraded lands by 2020. IUCN President, Xinsheng Zhang was specially invited on the occasion. A large number of representatives from civil society, federal and provincial government, and the media were…Read More

KPK launches billion tree drive to contribute in global forestation campaign

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article image Staff Report ISB: Government of Khyber Pakthunkhwa in collaboration with IUCN launched its billion-tree campaign as a contribution to the global Bonn Challenge on occasion the World Environment Day in Islamabad. It calls for the restoration of 150 million hectares of deforested and degraded lands by 2020. IUCN President, Xinsheng Zhang was specially invited on the occasion. A large number of representatives from civil society, federal and provincial government, and the media were present…Read More