The government has decided to secure a $1 billion budget support loan from the Asian Development Bank to strengthen policies aimed at tackling climate-related disasters, while deferring a separate $40 million project backed by the World Bank due to concerns over high costs. The decision was taken during a meeting of the Central Development Working…
Planning Minister Ahsan Iqbal has announced that the government is considering early market closures across Pakistan to reduce electricity consumption and control rising economic pressures. Speaking at a press conference in Lahore, the minister said Pakistan relies heavily on imported fuel for electricity generation, making energy conservation a national priority amid the ongoing global oil…
Federal Minister for Planning, Development, and Special Initiatives Ahsan Iqbal has proposed significant reforms to the National Finance Commission (NFC) Award, calling for a modern formula that ensures fair and sustainable resource distribution among provinces. Speaking at the Pakistan Governance Forum 2026 in Islamabad, Iqbal emphasized the need to redesign the NFC formula to promote…
