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‘e-procurement system should be implemented throughout the country’

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The e-procurement system was implemented, according to a news release from the PPRA managing director, in order to decrease public spending by increasing transparency.

Hasnat Ahmed Qureshi stated that the system would soon be adopted nationwide, including in Azad Jammu and Kashmir and Gilgit-Baltistan, following its installation in 27 ministries and 280 governmental departments.

In cooperation with the Federal Board of Revenue, Securities and Exchange Commission of Pakistan, Accountant General Pakistan Revenues, and State Bank of Pakistan, he said, a system was planned to facilitate procurement agencies and suppliers. One-window operation and e-payment options will be provided by the system.

The PPRA managing director also noted that the Finance Ministry and the Cabinet Division, which are acting in accordance with the Prime Minister’s instruction, have made significant contributions to the implementation of the e-procurement system.

8,500 government workers and vendors have received specialized training for the “E-Pak Acquisition and Disposal System” initiative, which was started with support from the World Bank in March 2023.

The Procurement Rules 2004 have undergone 25 revisions by the federal PPRA in order to provide an easy and uncomplicated procurement process.

For the convenience of procurement engineers and suppliers, the PPRA has released high-quality bidding documents and procurement regulations. Additionally, help desks that offer daily technical support to departments and suppliers have been set up.

After successfully registering for free on the e-procurement system, about 13,000 suppliers and commercial entities are now qualified to participate in federal government procurement processes.

The e-procurement system, which would assist the provinces in ensuring efficient and transparent procurement procedures, has been given to Punjab, Sindh, and Khyber Pakhtunkhwa by the federal PPRA. Since July 1, the Punjabi government has successfully brought the e-procurement system into the province in an effort to guarantee openness.

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Irfan Siddiqui meets with the PM and informs him about the Senate performance of the parliamentary party.

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The head of the Senate’s Foreign Affairs Standing Committee and the PML-N’s parliamentary leader paid Prime Minister Muhammad Shehbaz Sharif a visit in Islamabad.

Senator Irfan Siddiqui gave the Prime Minister an update on the Parliamentary Party’s Senate performance.

Additionally, Senator Irfan Siddiqui gave the Prime Minister an update on the Senate Standing Committee on Foreign Affairs’ performance.

He complimented the Prime Minister on his outstanding efforts to bring Pakistan’s economy back on track and meet its economic objectives.

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SIFC Increases Direct Foreign Investment: Investment in the Energy Sector Rises by 120%

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The Special Investment Facilitation Council is intended to help Pakistan’s energy sector attract $585.6 million in direct foreign investment in 2024–2025. The amount invested at the same time previous year was $266.3 million.

This is a notable 120% rise, mostly due to investments in gas exploration, oil, and power. Such expansion indicates heightened investor confidence and emphasizes the development potential in important areas.

The State Bank reports that foreign investment in other vital industries has increased by 48% to $771 million.

This advancement is a blatant testament to SIFC’s efficient investment procedure and quick project execution.

The purpose of the Special Investment Facilitation Council is to establish Pakistan as an investment hub by aggressively promoting regional trade and investment in the energy sector and other critical industries.

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Speaking to a press conference, Marriyum Aurangzeb says the PML-N government has restored the trust of investors.

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According to Marriyum Aurangzeb, senior Punjab minister, the PML-N government has won back the trust of investors by making strides in a number of areas, including agriculture.

Marriyum Aurangzeb, speaking at a press conference in Lahore, emphasized the Punjab government’s initiatives to bring about major changes in the province, particularly in Lahore.

Marriyum Aurangzeb stated that in order to guarantee sustainable growth, the master plan for Lahore has been completed, and plans of a similar nature are being worked on for other districts.

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