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Apni Chhat Apna Ghar - Hits PKR 113 Billion Disbursement Mark
The Punjab government has disbursed PKR 113 billion in home loans to 95,600 low-income families through the ‘Apni Chhat Apna Ghar’ Programme. The initiative, championed by CM Maryam Nawaz, aims to help 500,000 families over five years. Currently, 82,931 houses are under construction, with 20,940 already completed. The scheme emphasizes transparency and strict eligibility checks, benefiting both urban and rural areas.
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Pakistan Telecom: Ufone-Telenor Merger Creates a Two-Giant Battle
The Ufone-Telenor merger has transformed Pakistan's telecom sector into a three-player market, creating a near two-horse race. The new entity, MergeCo (≈32.8% share), is now a powerful rival to the market leader, Jazz (≈43%). This consolidation is expected to spark intense competition, forcing both giants to invest heavily in 4G and 5G networks. Customers are set to benefit from better network quality and more competitive pricing, while Zong (≈24.1%) adapts as the third major competitor.
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FBR Reverses Course, Extends Income Tax Return Deadline to October 15
The Federal Board of Revenue (FBR) has unexpectedly extended the deadline for filing income tax returns for the tax year 2025 to October 15, reversing its firm prior stance. The decision was announced late Tuesday, right as the initial September 30 deadline was expiring. The FBR stated the extension, granted under Section 214A of the Income Tax Ordinance, 2001, was in response to requests from "various trade bodies, tax bar associations and the general public." Just one day earlier, the FBR had explicitly dismissed all reports of a possible extension, calling them "false, baseless, and misleading.
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Islamic Development Bank Backs Pakistan’s M-6 Motorway with $475 Million Boost
The Islamic Development Bank (IsDB) has approved $475 million in financing for Pakistan's 306 km M-6 Sukkur-Hyderabad motorway, a crucial north-south corridor project. The $1.7 billion, six-lane motorway is part of CPEC's Eastern Alignment. While construction is planned for April 2026, the project faces delays and cost increases. The government is seeking further funding from institutions like the Saudi Fund for Development and the Asian Development Bank to cover the remaining costs.
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Business Leaders Plead for Income Tax Deadline Extension to October 31
The Lahore Chamber of Commerce and Industry (LCCI) is urgently demanding the government extend the income tax return filing deadline from September 30 to October 31. Citing disruptions from devastating floods and major technical issues with the FBR's online system, the LCCI warns that without an extension, many honest taxpayers face unjust penalties. The business body insists the move is vital for compliance and relief.
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Islamabad's $76M IT Park Nears Completion
Islamabad's new $76.3 million IT Park is now 71% complete and scheduled to open by late December 2025. Funded by a South Korean loan, the state-of-the-art hub is a key part of the 'Digital Pakistan' vision, promising to generate 10,000 jobs and significantly boost IT exports by hosting up to 120 start-ups and SMEs.
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