
CDWP clears six Daanish schools
The Planning Ministry said in a statement that these schools would be built under the formula of 50:50 cost-sharing by the federal government and the respective provincial governments. "These schools aim to uplift the most marginalised segments of society by providing access to quality education," it said.
According to the statement, Planning Minister Ahsan Iqbal chaired the meeting, attended by Planning Secretary Awais Manzur Sumra, chief economist and the members of the Planning Commission (PC) and senior representatives from relevant federal ministries and provincial governments.
These schools would be established in Balochistan's Kan Mehtarzai, costing Rs2,929.856 million; Sibi, costing Rs3,351.987 million; Baiker, Dera Bugti district, costing Rs2,665.733 million; Musakhel, costing Rs3,630.771 million; and Zhob, costing Rs3,632.405 million.
The sixth approved Daanish schools would be established in AJK, costing Rs3,042.778 million. All these projects were cleated at the CDWP level, the Planning Minister stated in the statement.
The Daanish Schools network is the largest system of free boarding schools for boys and girls in Pakistan, with a view to uplifting the most marginalised segments of the society by providing them access to the quality education.
The Punjab government had earlier established a wide network of the Daanish schools, but now the other provinces are also taking steps to replicate this model to support talented students from underprivileged backgrounds.
"The establishment of these schools represents a major step forward in addressing challenges faced by the education sector, especially in less developed areas," the ministry said. "The federal government also plans to establish new Daanish Schools in underserved districts," it added.
"The initiative aims to empower youth, build stronger communities, and help create a more inclusive and equitable society. These schools will move beyond traditional rote learning, and promote 21st-century education models by integrating technology to improve delivery and track student progress."
Speaking during the CDWP meeting, Planning Minister Ahsan Iqbal stated that more than 25 million children in Pakistan were currently out of school, which was a matter of serious national concern. He stressed that raising the literacy rate to 90% was essential for the country's development.
Hashtags

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


Business Recorder
7 hours ago
- Business Recorder
‘Population projected to reach 385m by 2050'
ISLAMABAD: Minister for Planning, Development and Special Initiatives Prof Ahsan Iqbal revealed that Pakistan's population has surpassed 241 million and is projected to reach 385 million by 2050. While addressing the 'National Workshop on Population and Development' on Friday, he said that the population issue is not merely about numbers, but directly linked to the country's development and future. 'We must decide whether we want to raise generations that are hungry, sick, and intellectually weak, or healthy, strong, and intelligent,' he stated. 'Our religion does not oppose family planning,' he stressed, adding that in today's world, a nation's real strength lies not in numbers but in intellectual capacity. The minister warned that rapid population growth poses serious threats to employment, public health, food security, and water resources. He emphasised that balancing the number of children with available resources can improve their health. Iqbal urged the federal and provincial governments to ensure policy continuity and equitable resource distribution. He said that the recommendations from today's consultations would become part of a practical framework. He called for increasing women's participation in the workforce to 50 per cent and expressed commitment to act on the dialogue's recommendations on population. The minister further informed that, on the prime minister's instructions, a committee has been formed to address the population issue, with consultations to be held with all provinces. Copyright Business Recorder, 2025


Express Tribune
7 hours ago
- Express Tribune
US trip likely for Roosevelt advisers
The government may send a delegation from the Privatisation Commission to the United States to search for consultants to advance the transaction of managing the high-value Roosevelt Hotel, New York, in partnership with the private sector. The Privatisation Commission has submitted a summary for Prime Minister Shehbaz Sharif's approval for the visit of the Advisor to the Prime Minister on Privatisation and the Secretary Privatisation from August 20th to 24th, according to sources. The government will spend approximately Rs3 million on the two-person delegation's visit to the US. It is unusual for a government team to travel overseas to attract financial advisors for privatisation transactions. While roadshows have been held in the past, they were primarily for engaging with potential buyers of government entities or assets, not for securing advisors. The government has already advertised in local and foreign press, seeking expressions of interest from new financial advisors by September 2nd, following the resignation of the previous advisor due to a conflict of interest. Pakistan had initially hired an American real estate management firm for the privatisation of the Roosevelt Hotel at a total cost of about Rs2.2 billion. It had already paid Rs1.1 billion to the firm, which abandoned the transaction last month citing a "conflict of interest" and offered to return the payments. Jones Lang LaSalle (JLL) had been selected to develop a transaction structure for the hotel's privatisation. The Roosevelt Hotel, located in the heart of a global commercial and tourism hub, is currently owned by the financially struggling Pakistan International Airlines (PIA). PIA owns the hotel through PIA-Investment Limited, which holds its stakes via a subsidiary registered in the British Virgin Islands. Based on the work done by the previous financial advisor, the government has already approved the transaction structure for the Roosevelt Hotel, New York. Of the three options evaluated by the financial advisor — outright sale, joint venture with multiple options, and long-term lease — the joint venture model with multiple options was approved. Last month, the government stated that the joint venture option aims to maximise long-term value for the country while ensuring flexibility, multiple exit opportunities, and minimising future fiscal exposure. Following JLL's withdrawal, there may be doubts among prospective financial advisors about Pakistan's commitment to the transaction, said Muhammad Ali, Advisor to the Prime Minister on Privatisation, explaining the rationale behind the US visit. He said that meetings with at least six prospective financial advisors have already been scheduled for August 21st to 22nd, and the visit is result-oriented. He added that there is a need to reassure potential advisors that most of the groundwork has been completed and the government has finalised the joint venture option. The government has arranged meetings with CitiBank, Coldwell Banker Richard Ellis (CBRE) — a real estate service provider — Savills, Grey Steel, Ankura, and Cushman & Wakefield. Two of these firms had participated in the previous round of hiring for the financial advisor role. According to the financial advisor's report on the transaction structure, Pakistan will not need to contribute additional funds for the joint venture, as its share will be in the form of the hotel's land value. "Based on pre-marketing, due diligence, and analysis of the options, the joint venture structure nets the highest value for the government of Pakistan," the advisor stated in its report. The land value will be calculated based on its full potential, including the 32-storey building. The development partner will make two initial deposits. "This option carries the highest risk but also offers the highest net proceeds to Pakistan," the adviser noted in the report submitted last year. ZTBL transaction On Friday, the Privatisation Commission signed the Financial Advisory Services Agreement for the privatisation of Zarai Taraqiati Bank Limited (ZTBL). It has engaged a consortium led by Next Capital Limited. Other members of the consortium include Ijaz Ahmed & Associates, Baker Tilly Mehmood Idrees Qamar, Executives Network International, Bridge Public Relations, Savills Pakistan (Pvt) Limited, and Prima Global Consulting (Pvt) Limited. Post-privatisation, ZTBL, with its nationwide network of 501 branches, will be better positioned to provide more accessible credit to small farmers and rural communities. It will also introduce modern banking technologies and digital solutions for agricultural financing, according to the Privatisation Commission. However, concerns have been raised that after ZTBL's privatisation, there may no longer be a financial institution fully dedicated to meeting the needs of small farmers. Most major banks do not cater to small farmers, and there are doubts about their claims of providing loans to this sector. Sources also indicated that the central bank does not accurately reflect real lending to farmers, as loans to agro-based industries are also classified as agricultural loans. Under the agreement, the financial advisor will conduct sell-side due diligence, carry out market sounding, engage with potential investors, structure the transaction, market it to investors, and assist the Privatisation Commission in ensuring a transparent bidding process, as per the press statement.


Express Tribune
7 hours ago
- Express Tribune
GSP Plus talks planned with EU, Senate informed
Commerce Minister Jam Kamal on Friday said Pakistan had, for the first time, developed trade agreements and institutional frameworks with the United Kingdom, Vietnam, Cambodia and South Korea, while upcoming visits to the European Union, Geneva and Brussels were planned to advance talks on the GSP Plus scheme and other trade matters. Responding to a calling attention notice during the Upper House session regarding duties on the import of over 300 tariff lines, including seafood, fruits, and vegetables, he said some tariffs were as high as 40 per cent, which had now been lowered to facilitate imports for value-added production and general consumption. The minister said that under the National Tariff Policy, duties on about 900 products would remain unchanged, while tariffs on 300 items — mostly not manufactured or available locally — had been reduced. He said the reductions would be implemented in phases — with some changes effective in one year, others over two to four years, and certain items in five years — allowing local industries time to adjust. Jam Kamal said governance reforms had been introduced in the Trade Development Authority of Pakistan (TDAP) and the Export Development Fund (EDF), with a technical team and consultants now appointed to evaluate EDF's Rs 30 billion fund requests before board consideration. In the past, he said, large approvals were made without such technical scrutiny. The minister said key vacancies in the Ministry of Commerce, including Head of Research and Head of Compliance, had been filled after years. He said a comprehensive working plan for the National Export Development Board (NEDB) and relevant ministries, outlining sector-specific issues and timelines, had been completed and would be presented to the Prime Minister at the next board meeting. The minister said the National Tariff Board meets monthly, while the National Tariff Commission plays a vital role that still requires capacity enhancement. He added that in the past, proposals were approved without detailed review, but now every recommendation is backed by data on local production, imports, exports, raw material sources, and industrial consumption. Jam Kamal said the new approach aimed to balance the interests of importers and exporters while protecting local industry. He acknowledged that favouritism in the past had harmed medium-sized enterprises, with some sectors constrained by unnecessary tariff barriers. For the first time, he said, tariff rationalisation had been carried out — crediting Prime Minister Shehbaz Sharif and the federal cabinet. He said a steering committee headed by the finance minister, and comprising the ministers for agriculture, industries, and commerce, had been formed to resolve sectoral issues promptly, with regular meetings continuing since the budget. The government, he added, sought to develop an innovation-driven, competitive policy that prioritises small and medium enterprises while supporting large-scale industries. He said Pakistan had recently secured the region's most favourable tariff concessions from the United States without binding conditions — a major achievement for exports. Kamal said that while the Strategic Tariff Policy Framework (2021-25) was launched earlier, its implementation had lacked focus. After its completion in 2025, a new five-year framework would be introduced to set fresh goals and priorities. He said the NEDB, chaired by the Prime Minister and including federal ministers and private sector representatives, aimed to boost exports through sector-specific strategies.