Targeting 53,000 points by December 2022, Arsalan Soomro at KASB Securities project earnings growth of 12 per cent and a dividend yield of 6 per cent. Moreover, the index has the potential to re-rate once issues relating to the cash-starved energy chain are appeased. After considerable signs of economic overheating, the government and the central … Read more
ISLAMABAD: Federal Minister for Planning Development and Special Initiatives Asad Umar on Thursday reviewed the implementation plan of major projects of the Public Sector Development Programme. The minister was briefed about the progress of hiring private specialist firms for monitoring and major development projects. The meeting was informed about the progress on two major roads … Read more
KARACHI: Gharibwal Cement Limited has announced 10,000 tonnes/day capacity expansion, which is expected to come online two years after the commencement of the civil work, which is to begin soon. The project cost, being undertaken by a China-based firm, is estimated to be around Rs8 billion to Rs10 billion. The company has not availed Temporary … Read more
ISLAMABAD: The total spending under the Public Sector Development Programme (PSDP) during 2020/21 exceeded the target set for the corresponding year by Rs9 billion to Rs659 billion. “[The] total PSDP spending in 2020/21 was Rs659 billion against the target of Rs650 billion, or 101.40 per cent,” he tweeted. The minister said this was the highest … Read more
ISLAMABAD: The federal government has released Rs133.664 billion of the total allocation of Rs900 billion for various ongoing and new social sector development projects till date under its Public Sector Development Programme (PSDP) 2021/22. According to the latest data, released by the Ministry of Planning, Development and Reform, the released funds included Rs98.98 billion for … Read more
The government has presented the budget for the fiscal year 2020-21 today (Jun 12) and assigned Rs1.324 trillion for the Public Sector Development Programme. Following are the pointers of distributions under the Public Sector Development Programme (PSDP) for various divisions and ministries for the FY 2020-2021: The total expenses of the PSDP for this fiscal … Read more
