
Senate panel directs start of motorway project this fiscal
The Senate Standing Committee on Planning directed the authorities concerned to start the construction of the Hyderabad-Sukkur Motorway in the current fiscal year, noting that building big roads was the responsibility of the federal government.
The committee which met here with its Chairperson Quratul Ain Marri in the chair, expressed its dissatisfaction with lack of planning for the flagship 'Uraan Pakistan' programme as the ministry officials failed to reply questions from the members.
During the meeting, Planning Ministry officials briefed the participants about the Uraan Pakistan programme. They said that the country's exports would rise to $40 billion in the current fiscal year, while the government targeted to increase them to$60 billion in the next five years.
Committee member Shahadat Awan raised the issue of water problem in the country and asked the ministry about any plan to mitigate this issue. He also enquired whether the provinces had been taken into confidence on the issue of construction of six new canals from the Indus river.
However, the ministry officials could not satisfy the committee on Uraan Pakistan. The chair observed that the Uraan Pakistan programme or its "vision is good, but what will be the implementation procedure?"
Another committee member, Zeeshan Khanzada said that the ministry did not have the details regarding the implementation of the programme. He complained that the relevant authorities, including the planning minister, were also not available in the meeting to provide answers.
At the outset of the meeting, the chair expressed her displeasure at the absence of the minister. Marri told the committee that the meeting was delayed until February 19 at the request of the office of the minister, yet his did not attend.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Express Tribune
8 hours ago
- Express Tribune
Govt releases detail of Rs17tr Uraan Pakistan
Prime Minister Shehbaz Sharif, Punjab Chief Minister Maryam Nawaz, Deputy Prime Minister and Foreign Minister Ishaq Dar and Planning Minister Ahsan Iqbal inaugurate the logo, website and a book on Uraan Pakistan. The event was also attended by Sindh, Balochistan and K-P governors and federal and provincial ministers. Photo: PPI The federal government has released details of a five-year development plan — the Uraan Pakistan — estimated at Rs17 trillion, whose objective, according to Federal Minister for Planning Ahsan Iqbal, is to make Pakistan economically self-sufficient. Under the plan, the federal share will be Rs7 trillion, while the provinces will contribute Rs10 trillion. Ahsan Iqbal said the target is to transform Pakistan into a $3 trillion economy by 2047. For this, the development budget for the upcoming fiscal year 2025-26 has been set at Rs4.2 trillion. Under the Public Sector Development Program (PSDP), the government has allocated Rs1 trillion in federal funding. The government has allocated Rs33 billion for the Diamer-Bhasha Dam; Rs35 billion for the Mohmand Dam; Rs100 billion for the Quetta-Karachi Highway; Rs25 billion for the Indus Highway; Rs15 billion for the Sukkur-Hyderabad Motorway and Rs10 billion for Karachi's K-IV water project. In the education sector, the government has earmarked Rs9 billion for Danish Schools and Rs4.3 billion for the Prime Minister's Skills Programme. It has allocated Rs1 billion for the treatment of Hepatitis C and Rs800 million for diabetes. The government has reduced the number of federal projects for the next five years from 1,071 to 800, eliminating low-priority and inactive projects. This reduction is expected to save the national exchequer Rs2.73 trillion. The federal development portfolio has now been limited to Rs12.8 trillion. The government has also established national centers for nanotechnology, quantum computing, and new industries, laying the foundation for the creation of a 'Quantum Valley' in Pakistan. According to the report, inflation dropped from 11.8% to 3.5% by May 2025 while the current account surplus reached $1.9 billion. Remittances also increased by 31%, reaching a total of $31.2 billion and the fiscal deficit decreased from 3.7% to 2.6% By eliminating unnecessary projects, the government saved Rs5.4 billion in April alone and 27 projects were approved or proposed in May 2025. The planning minister said 210 out of 240 PSDP projects have been thoroughly evaluated. Consultations regarding development partnerships were held with the Asian Development Bank (ADB), the Asian Infrastructure Investment Bank (AIIB), and the World Bank.


Business Recorder
a day ago
- Business Recorder
‘Monthly Development Plan' unveiled: Pakistan upbeat about 4.2pc growth
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal reaffirmed confidence in achieving a 4.2 percent GDP growth rate in fiscal year 2025-26, projecting a climb to six percent by the fiscal year 2028-29 of the current five-year plan. Speaking to the media at the launch of the Monthly Development Plan on Thursday, he said the government had achieved a significant milestone by preparing a Rs4 trillion national development outlay for the fiscal year 2025–26, in just the second year of its five-year term, a target originally scheduled for 2028–29. According to documents shared by the Planning Ministry, the minister said that the government projected GDP growth targets 4.2 percent for fiscal year 2025-26, 5.1 percent for 2026-27, 5.7 percent for 2027-28 and 6 percent for fiscal year 2028-29. Budget FY26: APCC proposes historic Rs4.083trn outlay The agriculture sector growth targets have been projected 4.5 percent for fiscal year 2025-26, 4.4 percent for 2026-27, 4.6 percent for 2027-28 and 5.1 percent for fiscal year 2028-29. The minister said that the ministry has proposed Rs17.083 trillion National Development Outlay for next five years. He said that a total of 1.1 trillion for fiscal year 2024-25, Rs1.28 billion for 2025-26, Rs1.41 trillion for 2026-27, Rs1.53 trillion for 2027-28 and Rs1.7 trillion for fiscal year 2028-29. About the Industry, the ministry gave projection of growth targets, 4.3 percent for fiscal year 2025-26, 6.2 percent for 2026-27, 6.8 percent for 2027-28 and 6.9 percent for fiscal year 2028-29. About the services sector, the ministry projected four percent growth target for fiscal year 2025-26, five percent for 2026-27, 5.7 percent for 2027-28 and 6.2 percent for fiscal year 2028-29. About the total investment percent of GDP, according to documents, 13.8 percent target has been set for financial year 2025, 14.7 percent for 2026, 15.6 percent for financial year 2027, 16.4 percent for 2028 and 17 percent for fiscal year 2029. About the public sector, 2.9 percent target of total investment of GDP for fiscal year 2025, 3.2 percent for 2026, 3.5 percent for 2027, 3.5 percent for 2028 and 3.7 percent for fiscal year 2029. About the private sector investment, the Ministry proposed 9.1 percent target for fiscal year 2025, 9.8 percent for 2026, 10.4 percent for 2027, 11.1 percent for 2028 and 11.6 percent for fiscal year 2029. About the National Saving percentage of GDP, 14.1 percent investment target of GDP for fiscal year 2025, 14.3 percent for 2026, 15.1 percent for 2027, 15.6 percent for 2028, and 15.8 percent for fiscal year 2029. According to documents, the export would be increased $ 63 billion in five years, inflation would be reduced 6.2 percent and foreign direct investment would be increased 30 percent. The unemployment rate would be reduced to underfive percent and industrial production would be increased 40 percent. The planning minister said, 'We have a broader vision of transforming Pakistan into a $1 trillion economy by 2035. If we can reach $600 billion by 2029, adding another $400 billion over the next five to seven years is certainly within reach'. He said that outlining strategic priorities for the coming year, the government's focus would be on 'governance, innovation, and reform' to maintain growth momentum. He said that in a major positive development, the minister highlighted that headline inflation had dropped to 3.5 percent in May 2025, down sharply from 11.8 percent a year earlier. 'Only a few countries in the world have managed to bring double-digit inflation down so drastically in such a short time,' he noted. He said that foreign remittances had also seen a considerable jump, with inflows increasing by $10 billion over the past three years. He said that our remittances have grown from $27 billion to $37 billion, crediting the Pakistani diaspora for their resilience and patriotism. Sharing recent financial successes, the minister said Pakistan had posted a $1.9 billion current account surplus between July and April — a sharp reversal from a $1.3 billion deficit during the same period last year. He also revealed that improved project evaluation by the Planning Commission had saved the national treasury Rs5.4 billion last month. 'Better scrutiny and smarter planning make a big difference,' he said. Turning to national security, the minister mentioned a high-level, single-agenda meeting chaired by Prime Minister Shehbaz Sharif and attended by key national leadership, including representatives from Azad Jammu and Kashmir and Gilgit-Baltistan. 'The agenda was clear, crafting a unified national strategy to counter Indian aggression and provocations,' he said, warning India against weaponising water resources, which he described as a violation of international agreements. 'Pakistan's water rights are not a favour from India, they are protected by international treaties,' he asserted. Ahsan Iqbal said that just as Pakistan's armed forces had shattered India's arrogance on the battlefield, the country would counter India's economic and political hostility with unity, resilience, and adherence to international law. Copyright Business Recorder, 2025


Business Recorder
a day ago
- Business Recorder
‘Monthly Development Plan' unveiled: Govt upbeat about 4.2pc growth
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal reaffirmed confidence in achieving a 4.2 percent GDP growth rate in fiscal year 2025-26, projecting a climb to six percent by the fiscal year 2028-29 of the current five-year plan. Speaking to the media at the launch of the Monthly Development Plan on Thursday, he said the government had achieved a significant milestone by preparing a Rs4 trillion national development outlay for the fiscal year 2025–26, in just the second year of its five-year term, a target originally scheduled for 2028–29. According to documents shared by the Planning Ministry, the minister said that the government projected GDP growth targets 4.2 percent for fiscal year 2025-26, 5.1 percent for 2026-27, 5.7 percent for 2027-28 and 6 percent for fiscal year 2028-29. Budget FY26: APCC proposes historic Rs4.083trn outlay The agriculture sector growth targets have been projected 4.5 percent for fiscal year 2025-26, 4.4 percent for 2026-27, 4.6 percent for 2027-28 and 5.1 percent for fiscal year 2028-29. The minister said that the ministry has proposed Rs17.083 trillion National Development Outlay for next five years. He said that a total of 1.1 trillion for fiscal year 2024-25, Rs1.28 billion for 2025-26, Rs1.41 trillion for 2026-27, Rs1.53 trillion for 2027-28 and Rs1.7 trillion for fiscal year 2028-29. About the Industry, the ministry gave projection of growth targets, 4.3 percent for fiscal year 2025-26, 6.2 percent for 2026-27, 6.8 percent for 2027-28 and 6.9 percent for fiscal year 2028-29. About the services sector, the ministry projected four percent growth target for fiscal year 2025-26, five percent for 2026-27, 5.7 percent for 2027-28 and 6.2 percent for fiscal year 2028-29. About the total investment percent of GDP, according to documents, 13.8 percent target has been set for financial year 2025, 14.7 percent for 2026, 15.6 percent for financial year 2027, 16.4 percent for 2028 and 17 percent for fiscal year 2029. About the public sector, 2.9 percent target of total investment of GDP for fiscal year 2025, 3.2 percent for 2026, 3.5 percent for 2027, 3.5 percent for 2028 and 3.7 percent for fiscal year 2029. About the private sector investment, the Ministry proposed 9.1 percent target for fiscal year 2025, 9.8 percent for 2026, 10.4 percent for 2027, 11.1 percent for 2028 and 11.6 percent for fiscal year 2029. About the National Saving percentage of GDP, 14.1 percent investment target of GDP for fiscal year 2025, 14.3 percent for 2026, 15.1 percent for 2027, 15.6 percent for 2028, and 15.8 percent for fiscal year 2029. According to documents, the export would be increased $ 63 billion in five years, inflation would be reduced 6.2 percent and foreign direct investment would be increased 30 percent. The unemployment rate would be reduced to underfive percent and industrial production would be increased 40 percent. The planning minister said, 'We have a broader vision of transforming Pakistan into a $1 trillion economy by 2035. If we can reach $600 billion by 2029, adding another $400 billion over the next five to seven years is certainly within reach'. He said that outlining strategic priorities for the coming year, the government's focus would be on 'governance, innovation, and reform' to maintain growth momentum. He said that in a major positive development, the minister highlighted that headline inflation had dropped to 3.5 percent in May 2025, down sharply from 11.8 percent a year earlier. 'Only a few countries in the world have managed to bring double-digit inflation down so drastically in such a short time,' he noted. He said that foreign remittances had also seen a considerable jump, with inflows increasing by $10 billion over the past three years. He said that our remittances have grown from $27 billion to $37 billion, crediting the Pakistani diaspora for their resilience and patriotism. Sharing recent financial successes, the minister said Pakistan had posted a $1.9 billion current account surplus between July and April — a sharp reversal from a $1.3 billion deficit during the same period last year. He also revealed that improved project evaluation by the Planning Commission had saved the national treasury Rs5.4 billion last month. 'Better scrutiny and smarter planning make a big difference,' he said. Turning to national security, the minister mentioned a high-level, single-agenda meeting chaired by Prime Minister Shehbaz Sharif and attended by key national leadership, including representatives from Azad Jammu and Kashmir and Gilgit-Baltistan. 'The agenda was clear, crafting a unified national strategy to counter Indian aggression and provocations,' he said, warning India against weaponising water resources, which he described as a violation of international agreements. 'Pakistan's water rights are not a favour from India, they are protected by international treaties,' he asserted. Ahsan Iqbal said that just as Pakistan's armed forces had shattered India's arrogance on the battlefield, the country would counter India's economic and political hostility with unity, resilience, and adherence to international law. Copyright Business Recorder, 2025