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The World Bank gives Pakistan $1 billion.

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Details indicate that the World Bank has given the Dasu Dam’s development a $1 billion approval.

This funding will help local populations have better access to socioeconomic services, increase the amount of electricity produced by hydropower, and strengthen the Water and Power Development Authority’s (WAPDA) capacity to plan for future hydropower projects.

Dasu Town, the provincial headquarters of Khyber Pakhtunkhwa Province’s Upper Kohistan District, is approximately 8 km away from the DHP run-of-river project on the Indus River. It will be finished and have an installed capacity of 4,320–5,400 MW.

The project is being constructed in phases. With a 2,160 MW capacity, DHP-I will produce 12,225 gigawatt hours (GWh) of affordable renewable energy annually. The same dam will provide 9,260–11,400 GWh annually according to the DHP-II.

Rikard Liden, the project’s task team leader, stated that DHP-I is crucial to Pakistan’s ambitions to wean itself off of fossil fuels and achieve 60% renewable energy by 2031. By substituting domestic fuels for imported ones, the second additional funding may save Pakistan an estimated $1.8 billion a year and offset about 5 million tons of carbon dioxide. It will also enable the development of the electricity supply. It is estimated that DHP-I has an annual economic return of about 28%.

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SIFC Promotes International Honey Trade: Malaysia Becomes an Export Destination for KP 60,000 Honey Farms

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The successful arrival of Khyber Pakhtunkhwa’s first batch of SIDR honey in Malaysia is a major turning point for Pakistan’s honey sector.

The special investment facilitation council is helping to raise the profile of Pakistan’s agricultural exports internationally.

The Ministry of Commerce is dedicated to increasing Pakistan’s honey exports internationally, and the Pakistani high commission in Kuala Lumpur has been instrumental in fostering collaborations between Malaysian and Pakistani companies.

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The KSE-100 is getting closer to the 100,000 level thanks to bullish momentum.

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At 98,164.24 points, the benchmark KSE-100 Index is just 1,800 points away from the much-anticipated 100,000 level and is approaching a historic milestone.

Favorable macroeconomic indicators and high investor confidence have propelled the index’s bullish momentum as of 9:47 a.m. today.

The KSE-100 had a significant increase of 469.84 points, or 0.48%, on Friday, closing at 97,798.23 points. Market optimism was indicated by the index’s quick spike to an intraday high of 99,623.03 points.

Analysts have increased their estimates, predicting that by the end of 2025, the KSE-100 might rise to 120,000. Continued improvements in macroeconomic conditions, such as declining bond yields, are anticipated to be the main drivers of this spike since they are bringing more liquidity to the equities market.

Following the drop in bond yields, mutual funds have made about $132 million in investments in Pakistani stocks since January 2024. This influx of funds is considered a favorable indicator of investor sentiment.

The market has also risen as a result of the State Bank of Pakistan’s decision to reduce interest rates by a total of 700 basis points, from 22% in May 2024 to 15% now.

The All-Share Index, which measures the overall market, also showed robust gains. With a net increase of 280.51 points, or 0.44%, it was at 62,376.87 points. Expectations of additional growth in the equity market are being bolstered by this encouraging trend.

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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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