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“Nawaz Sharif Kisan Card” for farmers gets approved by CM Punjab

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8 months ago

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At a meeting on agricultural reforms, Punjab’s Chief Minister Maryam Nawaz presided over the approval of the “Nawaz Sharif Kisan Card” for farmers.

Farmers would receive a variety of subsidies through the Kisan Card scheme, and 500,000 small farmers in Punjab will be eligible for loans totaling Rs 150 billion over the course of a year. Each farmer will receive Rs 30,000 for every acre of land used for agriculture.

CM Maryam Nawaz announced during the meeting that a model agriculture center will be constructed in each district of the province with the assistance of the commercial sector, enabling farmers to discard phony fertilizers and medications.

The establishment of a cutting-edge center of excellence for research development on cotton, wheat, and rice crops was approved during the conference, and the Agriculture Department was instructed to gather comprehensive data on the production and demand of each crop.

Participants in the conference decided to link the research center with local universities and to give the board authority over administrative matters.

It was also decided to construct a research and development center at Agricultural University Faisalabad with Chinese participation, at a cost of Rs 2 billion.

In addition, it was decided to hire 500 agricultural graduates, update the Punjab Seed Corporation and Punjab Agricultural Research Board’s organizational structures, provide a bill that forbids the use of agricultural land for residential purposes, and outfit the Agricultural Extension Wing with cutting-edge machinery.

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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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24 hours ago

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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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Business

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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24 hours ago

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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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