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Development in Gilgit-Baltistan: Finance Minister Promises Complete Collaboration For GB’s Advancement

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For Gilgit-Baltistan’s growth, Federal Finance Minister Muhammad Aurangzeb has stated that every effort will be made to collaborate with the province government.

Resources will be made available so that the ongoing PSDP projects in Gilgit-Baltistan are completed within the allotted period, according to the federal finance minister, who was speaking with chief minister Haji Gulbar Khan in Skardu.

He declared that in the first quarter, it will be feasible to release forty percent of Gilgit-Baltistan’s development budget.

During the occasion, the Chief Minister urged the Federal Finance Minister to play a pivotal role in the establishment of four new districts in Gilgit-Baltistan, the distribution of a portion of the National Finance Commission’s (NFC) funds to Gilgit-Baltistan, and the allocation of funds for the creation of new positions in various departments within Gilgit-Baltistan.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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