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ECP has been granted Rs 1.31 billion to hold LG by-elections.

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The federal cabinet’s Economic Coordination Committee (ECC) authorised a grant of more than Rs. 1.3 billion on Tuesday for the Election Commission of Pakistan (ECP) to hold local government (LG) by-elections across the nation.

Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, presided over the ECC meeting, which also took into account a number of proposals from other sectors.

According to a press release here, the ECC reviewed and accepted an ECP summary for a grant of Rs. 1.317 billion in relation to the local government elections in Islamabad and Punjab and the LG by-elections in Sindh, Khyber Pakhtunkhwa, and Balochistan.

In several regions of the nation, the ECP is prepared to hold LG by-elections on November 14.

Also approved by the ECC was a summary of a Technical Supplementary Grant (TSG) of Rs. 16.995 billion filed by the Ministry of Communications (Postal Services Wing) to settle verified pending liabilities of Pakistan Post Office Department agencies and corporations.

As part of the FBR Transformation Plan, which was previously approved by the Prime Minister, the Federal Board of Revenue (FBR) submitted five separate reports to the ECC.

Through joint deliberation, the ECC also determined that the Finance and Revenue Divisions would determine the details of the five suggestions, including money allocation and release.

To upgrade the engines of two VVIP aircraft used by Prime Minister (PM) Shehbaz Sharif and President Asif Ali Zardari for official business, the ECC previously authorised a technical supplemental grant of Rs 1.8 billion.

According to a news release released here, “the ECC investigated and approved a Technical Supplementary Grant to the Ministry of Defence to the tune of Rs. 1.8 billion for overhaul of engines of two VVIP aircraft being utilised for state duties with the President and the Prime Minister of Pakistan.”

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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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