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PM Sharif Launches Solar Scheme for Gilgit-Baltistan
PM Shehbaz Sharif launched a 58.8 MW solar panel scheme for Gilgit-Baltistan, providing free panels to 147,873 verified households and SMEs to combat electricity shortages. Beneficiaries handle batteries, inverters, and transport; applications via online portal or district offices ensure transparent, merit-based selection. The initiative boosts remote area living standards and sustainable development.
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Government Approves Rs. 13 Billion Upgrade for Armed Forces Institute of Cardiology (AFIC)
The federal government has approved a Rs13 billion expansion for the Armed Forces Institute of Cardiology (AFIC) and the National Institute of Heart Diseases (NIHD) in Rawalpindi. The project aims to alleviate severe overcrowding and treatment delays at the facility, which serves both military and civilian patients. To navigate fiscal constraints, the government will fund the expansion by diverting savings from slow-moving projects within the Public Sector Development Programme (PSDP) and securing Rs6 billion from foreign sources. This expansion was part of a larger Rs240 billion development package approved by ECNEC, which also includes the Karachi Yellow Line BRT and the Prime Minister’s Youth Skill Development Programme.
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UBL & Meezan Bank Power Massive Rs133bn Islamic Financing Landmark
In a record-breaking move for Pakistan’s financial landscape, United Bank Limited (UBL) and Meezan Bank have spearheaded a Rs133 billion syndicated Islamic financing facility, the largest of its kind in the country’s private sector. This landmark deal facilitated the Engro Group’s acquisition of Deodar (Private) Limited from Pakistan Mobile Communications Limited (Jazz), a strategic transition that consolidates over 10,617 cellular towers and establishes Deodar as Pakistan's premier independent tower company. By providing essential Shariah-compliant capital for both the acquisition and ongoing operational needs, this transaction underscores the banking sector's capacity to support massive infrastructure projects that serve as the backbone for Pakistan's long-term economic and digital growth.
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Pakistan Tech Revolution Propels IT Exports Toward a Ten Billion Dollar Future
Pakistan’s IT industry is experiencing a massive breakout, hitting a record-breaking $437 million in monthly exports in December 2025. This surge is driven by strategic government policies most notably the State Bank of Pakistan increasing foreign currency retention limits to 50% which allows firms and freelancers to reinvest their dollar earnings globally with ease. While industry giants like Systems Limited are spearheading international expansion, a thriving freelance community is expected to contribute nearly $1 billion this year alone. To achieve the government's ambitious $10 billion target by 2029, the sector must now pivot toward high-value technologies like AI and smart systems while tapping into under-explored markets in Europe and the Asia-Pacific.
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Four Major Tourism Landmarks Announced for Gwadar Smart Port City
The Gwadar Development Authority (GDA) has launched four major tourism projects under the Gwadar Smart Port City Master Plan to transform the city into a premier regional destination. Executed through public-private partnerships, the initiatives include an Amusement Theme Park, Water Sports facilities, a Food Street, and a GDA Club Complex, with the scenic West Bay designated as the primary recreational hub. To attract investment, the GDA is offering a fast-track single-window approval system and long-term land arrangements. These projects are designed to catalyze the local economy, create jobs, and establish a sustainable tourism ecosystem that highlights Gwadar’s unique marine resources and cultural heritage.
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