‘WASA Faisalabad completes arrangements for rainy season'
FAISALABAD: Provincial Parliamentary Secretary for Housing, Urban Development and Public Health Engineering Barrister Sultan Bajwa has said that WASA Faisalabad has completed all arrangements to provide quality drainage services during the rainy season, all machinery is functional while alternative power arrangements have also been made at the disposal station.
Talking to media representatives at WASA Head Office along with Managing Director WASA Amir Aziz, he said that Punjab Chief Minister Maryam Nawaz Sharif is focused on providing the best drainage services across Punjab including Faisalabad and under a comprehensive and effective plan, WASA Faisalabad has made a lot of improvements in terms of drainage and water supply service delivery during the last one year and currently WASA Faisalabad is at the top in terms of performance among all WASAs across Punjab.
Copyright Business Recorder, 2025
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
10 hours ago
- Business Recorder
Pakistan debt stock reaches all-time high of Rs75trn
KARACHI: The federal government's total debt stock surged by over Rs 6 trillion during the first ten months of this fiscal year (FY25) due to massive borrowing to finance the budget deficit. According to a statistic released by the State Bank of Pakistan (SBP) on Wednesday, the central government's total debt, comprising domestic and external liabilities, rose by 9 percent during July-April of FY25. Overall, the stock reached an all-time high level of Rs 74.936 trillion by the end of April 2025 compared to Rs 68.914 trillion as of June 2024, depicting an increase of Rs 6.022 trillion. The major growth in debt stocks was attributed to domestic borrowings, which rose by 11.37 percent or Rs 5.363 trillion to reach Rs 52.523 trillion in April 2025 up from Rs 47.16 trillion in June 2024. The domestic debt comprised long-term loans worth Rs 44.132 trillion and short-term borrowings amounting to Rs 8.328 trillion. Pakistan govt's debt stock soars to Rs73.6trn by March-end External debt, in rupee terms, saw an increase of Rs 659 billion during the first ten months of FY25, reaching Rs 22.413 trillion by the end of April 2025 compared to Rs 21.754 trillion in June 2024. The SBP reported that the Weighted Average Customer Exchange Rate of the US dollar was Rs 278.3668 in June 2024 and Rs 280.9739 in April 2025. The federal government's debt showed a notable increase of Rs 1.248 trillion in April 2025 due to massive borrowing to finance the budget deficit. On a month-on-month (MoM) basis, the federal government's debt stock rose by 2 percent from Rs 73.688 trillion in March 2025 to Rs 74.936 trillion in April 2025. Analysts noted that the tax collection by the Federal Board of Revenue (FBR) is 26 percent higher during the first eleven (July-May) months of this fiscal year compared to previous year; however, cumulatively FBR has failed to achieve the target. The shortfall in revenue collection has compelled the federal government to borrow from domestic and external resources. FBR had missed its revenue collection target by some one trillion rupees in the first eleven months of this fiscal year due to lower imports and slowing economic growth. The FBR has collected some Rs10.233 trillion between July-May of FY25 as against the budgetary target of Rs11.241 trillion for the same period. The SBP has already emphasised the need for a sharp acceleration in tax revenue growth to meet the annual targets. Achieving the primary balance target remains a significant challenge for the government. Copyright Business Recorder, 2025
Business Recorder
14 hours ago
- Business Recorder
Agri sector witnesses dramatic slowdown: PKIC
ISLAMABAD: The country's agriculture sector has witnessed a dramatic slowdown, with growth dropping to 0.56 percent from 6.25 percent since July 2024, Pakistan Kissan Ittehad Council (PKIC) President Khalid Mehmood Khokhar said on Wednesday. Addressing at a press conference, he said that the decline in major crop yields has severely impacted both the economy and the livelihoods of farmers. He said that cotton production has dropped to 5.55 million bales — 50 percent below the government's target and 34 percent less than last year. Cotton import bill is projected to surge to $1.9 billion, up from $448 million the previous year, he said. Khokar said that the country's wheat production has also suffered, declining by 8.91 percent to 28.98 million tons from last year's 31.81 million tons. Maize production fell by 15.4 percent to 8.24 million tons, compared to 9.74 million tons in the previous year, he said. Khokhar stated that since May 2024, farmers have collectively suffered losses of around Rs2,200 billion in wheat alone — equivalent to 23.15 percent of the crop sector's contribution to GDP for the fiscal year 2023–24. The resulting financial strain has weakened farmers' purchasing power and affected the productivity of other crops as well, he said. Copyright Business Recorder, 2025
Business Recorder
14 hours ago
- Business Recorder
NBP surpasses Rs100bn financing
KARACHI: National Bank of Pakistan (NBP) has achieved a major milestone, surpassing Rs 100 billion in total outstanding loans secured against gold, serving both the agriculture and consumer segments. With over 173,000 valued borrowers, NBP's Gold Loan portfolio is one of the fastest-growing and most secure consumer lending products in the banking industry. These loans offer quick, easy processing and are designed to meet urgent financial needs with minimal hassle, ensuring customers' gold remains safe and returned in full upon repayment. Sharing his views, Rehmat Ali Hasnie, President NBP, said, 'This milestone is a testament to the unwavering trust of our customers placed in National Bank of Pakistan. We remain firmly committed to delivering secure, accessible, and efficient financial solutions. Gold Loan portfolio continues to empower individuals and communities across Pakistan, helping them unlock opportunities. Our teams believe in innovation and expansion to promote financial inclusion and drive sustainable economic growth.' As one of Pakistan's leading financial institutions, NBP is committed to driving progress and securing brighter futures for all its customers. This milestone signals the start of a dynamic new chapter in the Bank's journey - one defined by deeper financial inclusion, enhanced customer trust, and unwavering service excellence. Copyright Business Recorder, 2025
