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Articles for tag: allocation, Budget, fire, health spending, Islamabad, MCH Centre, pims, public hospitals

January 5, 2026

News Desk

PSX tops 183,000 mark as rally extends into asset allocation flows

Stockbrokers are busy trading at the Pakistan Stock Exchange (PSX) in Karachi on Wednesday, June 4, 2025. — PPI The KSE-100 closed at 182,408.23 points, up 3,373.3 points or 1.88%. The index hit an intraday high of 183,964.37, up 4,929.44 points or 2.75%. The KSE-100 hit a low of 179,535.46, up 500.53 points or 0.28%. The stock market rose on Monday, extending a New Year’s rally as investors leaned on asset allocation flows and easing macroeconomic signals, with the benchmark adding 8,353.92 points (4.80%) in the first three sessions of 2026. The benchmark Pakistan Stock Exchange (PSX) KSE-100 index settled

September 3, 2024

News Desk

Dar rejects gas allocation proposals

Islamabad: Ishaq Dar, Chairman of a high-level committee on oil and gas, on Monday rejected a framework proposed by the Petroleum Directorate to share discovered gas with third parties and said categorically that the government will not “rewrite a policy” that has already approved. by the Council of Common Interests (CCI). The Petroleum Directorate presented four proposals to share 35% of gas discovered by exploration and production (E&P) companies to third parties. In the first sentence, he said, the allocation policy should be applied to those sectors that are depleting. However, the policy should not apply to existing oil and

June 15, 2024

News Desk

CM Murad defends budget allocation for old development programmes

Sindh Chief Minister Murad Ali Shah speaks to the media at the post-budget press conference in Karachi on June 15, 2024, in what is still video footage. — YouTube/Geo News Live Murad Ali Shah accepts the government’s failure to achieve its development goal. He says the government will try to meet the “challenging” growth target of 3.5%. The CM added that the Sindh government would focus on completing old projects. Sindh Chief Minister Murad Ali Shah on Saturday blamed the caretaker government for the delay in implementing the province’s development programmes, stressing that his government will focus on completing old

April 7, 2024

News Desk

PBF supports 25% capital allocation for SMEs

LAHORE: The Pakistan Business Forum (PBF) has proposed that in the upcoming budget at least 25% of concessional financing, including the export financing scheme, should be allocated exclusively to Small and Medium Enterprises (SMEs) in the export sector. This strategic allocation will not only support the development of small sectors but also promote a more inclusive and sustainable economy. During a meeting with members of Pakistan Cotton Ginning Association, PBF President Khawaja Mehboob ur Rehman, said that State Bank of Pakistan (SBP) may revise its credit policies by setting a special quota for financing SMEs. He noted that only large

December 12, 2023

News Desk

Despite the lack of allocation, ECNEC okayed the grand scheme

Islamabad: The caretaker government on Monday approved nine projects worth 372 billion rupees, including a mega-scheme that is not part of the current fiscal year’s development spending and lacks funds – in violation of the Public Finance Management Act. Out of a total of 12 projects costing Rs 626 billion presented before the Executive Committee of the National Economic Council (ECNEC), led by caretaker finance minister Dr Shamshad Akhtar, two worth Rs 214 billion were withdrawn. The ECNEC postponed approval of a project, the Thal Grand Canal, due to a serious dispute between Sindh and Punjab. According to a statement

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