logo
Rs9.8b to be spent on 11 Danish schools

Rs9.8b to be spent on 11 Danish schools

Modelled after Danish School, the Danish university will feature state-of-the-art infrastructure, cutting-edge research facilities and top-tier faculty. photo: file
Federal Minister for Finance Muhammad Aurangzeb on Tuesday said under the Prime Minister's directive, the budget earmarks Rs9.8 billion to establish 11 new Danish schools for talented students in marginalized areas.
The minister during his budget 2025-26 speech said three schools will be built in Azad Jammu and Kashmir, three in Gilgit-Baltistan, four in Balochistan, and one in Islamabad under the Federal PSDP 2025-26.
Additionally, he said the prime minister announced the creation of Danish University Islamabad, a tuition-free institution offering world-class education in emerging technologies, engineering, health, and IT for students from remote regions.
The university will feature modern infrastructure, trained faculty, and research facilities, with master planning and construction set to begin next fiscal year.
Emphasizing education as the "cornerstone of national development," Aurangzeb said the federal government reaffirmed its commitment to a quality education system under Article 25-A of the Constitution and the URAAN Pakistan Education Framework.
The finance minister said Pakistan faces major challenges, including 26 million out-of-school children and systemic gaps in access, equity, governance, and standards. He said a total of Rs18.5 billion has been allocated for education initiatives, including Early Childhood Education Centers to reduce dropout rates. Computer labs and the National Institute of Excellence to improve learning standards.
Similarly, Rs3 billion for rebuilding 1,800 flood-damaged schools in Sindh on a 50:50 cost-sharing basis with provinces.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

KSE-100 crosses 126,000 as post-budget optimism drives buying spree
KSE-100 crosses 126,000 as post-budget optimism drives buying spree

Business Recorder

time4 hours ago

  • Business Recorder

KSE-100 crosses 126,000 as post-budget optimism drives buying spree

Buying rally continued at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index crossed the 126,000 amid a gain of nearly 1,700 points during the intra-day trading on Thursday. At 11:25am, the benchmark index was hovering at 126,028.28 level, an increase of 1,675.60 points or 1.35%. Across the board buying was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration, OMCs and refinery traded in the green. Addressing the post-budget conference, Finance Minister Muhammad Aurangzeb on Wednesday warned that additional revenue measures of up to Rs500 billion would be taken next fiscal year, if enabling amendments and legislation on enforcement were not passed by parliament, adding that all the budget figures were locked with the International Monetary Fund (IMF). Aurangzeb presented the federal budget 2025-26 to the parliament on Tuesday, with a total outlay of Rs17.573 trillion, targeting a GDP growth rate of 4.2% against 2.7 per cent in the outgoing year. On Wednesday, the PSX extended its rally as key indices posted strong gains, fueled by robust investor participation and improved sentiment following the positive announcements in the federal budget. The benchmark KSE-100 Index rose by 2,328 points, or 1.91%, to close at 124,352.68 points, up from 122,024.44 points in the previous session. Internationally, global stocks and the dollar slipped on Thursday as investors assessed a benign U.S. inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dampened risk sentiment. Attention in financial markets this week has been focused on the US-China trade talks, which culminated in a framework agreement that would remove Chinese export restrictions on rare earth minerals and allow Chinese students to access US universities. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3% lower in early trading after hitting a three-year high on Wednesday. Japan's Nikkei slipped 0.7%, while U.S. and European stock futures fell. China's blue-chip stock index fell 0.37%, moving off the near three-week top it touched in the previous session. Hong Kong's Hang Seng index was down 0.74%, also inching away from Wednesday's three-month high. Trump's erratic tariff policies have roiled global markets this year, prompting hordes of investors to exit US assets, especially the dollar, as they worried about rising prices and slowing economic growth.

KSE-100 crosses 125,000 as post-budget optimism drives buying spree
KSE-100 crosses 125,000 as post-budget optimism drives buying spree

Business Recorder

time5 hours ago

  • Business Recorder

KSE-100 crosses 125,000 as post-budget optimism drives buying spree

Buying rally continued at the Pakistan Stock Exchange (PSX), as the benchmark KSE-100 Index crossed the 125,000 amid a gain of over 1,100 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 125,455.34 level, an increase of 1,102.66 points or 0.89%. Across the board buying was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration, OMCs and refinery traded in the green. Addressing the post-budget conference, Finance Minister Muhammad Aurangzeb on Wednesday warned that additional revenue measures of up to Rs500 billion would be taken next fiscal year, if enabling amendments and legislation on enforcement were not passed by parliament, adding that all the budget figures were locked with the International Monetary Fund (IMF). Aurangzeb presented the federal budget 2025-26 to the parliament on Tuesday, with a total outlay of Rs17.573 trillion, targeting a GDP growth rate of 4.2% against 2.7 per cent in the outgoing year. On Wednesday, the PSX extended its rally as key indices posted strong gains, fueled by robust investor participation and improved sentiment following the positive announcements in the federal budget. The benchmark KSE-100 Index rose by 2,328 points, or 1.91%, to close at 124,352.68 points, up from 122,024.44 points in the previous session. Internationally, global stocks and the dollar slipped on Thursday as investors assessed a benign U.S. inflation report and the fragile trade truce between Washington and Beijing, while rising tensions in the Middle East and lingering tariff anxiety dampened risk sentiment. Attention in financial markets this week has been focused on the US-China trade talks, which culminated in a framework agreement that would remove Chinese export restrictions on rare earth minerals and allow Chinese students to access US universities. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.3% lower in early trading after hitting a three-year high on Wednesday. Japan's Nikkei slipped 0.7%, while U.S. and European stock futures fell. China's blue-chip stock index fell 0.37%, moving off the near three-week top it touched in the previous session. Hong Kong's Hang Seng index was down 0.74%, also inching away from Wednesday's three-month high. Trump's erratic tariff policies have roiled global markets this year, prompting hordes of investors to exit US assets, especially the dollar, as they worried about rising prices and slowing economic growth.

PTI stages protest for Imran's release
PTI stages protest for Imran's release

Express Tribune

time7 hours ago

  • Express Tribune

PTI stages protest for Imran's release

Pakistan Tehreek-e-Insaf (PTI) Sindh staged a protest demonstration and rally outside the City Court Karachi, calling for the immediate release of Imran Khan and wife, Bushra Bibi. A large number of PTI leaders, lawyers, workers, and people participated in the demonstration. Protesters carried banners and chanted slogans in support of the detained leaders, demanding immediate release of Imran Khan and other party leaders and workers. PTI Sindh President Haleem Adil Sheikh said that the supremacy of the Constitution and the rule of law have been dismantled. "Form-47 governments, imposed through rigged elections, have pushed the country to the brink," he claimed. "Imran Khan and Bushra Bibi have been jailed in false cases, and the doors of justice have been shut. Judges go on leave when it is time to deliver justice. Today again, the judge scheduled to hear the Al-Qadir Trust case went on leave," he said, alleging a conspiracy to deny Khan justice.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store