Sindh Cabinet Approves 13-Story Edhi Medical Tower at NICH

The Sindh government has approved the construction of a new 13-story medical tower at the National Institute of Child Health (NICH), marking a major planned expansion of healthcare infrastructure for children in the province.

The proposed Bilquis & Abdul Sattar Edhi Medical Tower will have a capacity of 445 beds and will be developed at NICH under a public-private partnership with the Abdul Sattar Edhi Foundation.

The total estimated cost of the project is $17 million. Under the approved financing arrangement, the Abdul Sattar Edhi Foundation will contribute $10 million toward construction, while the Sindh government will provide $7 million as a grant-in-aid.

The provincial government’s financial contribution will be released in two equal installments. The first installment is planned for the 2026-27 financial year, while the second is scheduled for 2027-28.

The project is expected to expand the healthcare capacity available at NICH, one of the key public-sector institutions providing specialized medical services to children in Sindh.

The addition of a 13-story facility with 445 beds would provide significant additional space for patient care and other hospital-related services. The project’s scale also reflects the need for expanded healthcare infrastructure at major public hospitals.

The public-private partnership model will bring together government funding and philanthropic support from the Abdul Sattar Edhi Foundation. The foundation’s $10 million contribution represents the larger share of the project’s total financing.

The Sindh government, meanwhile, will meet the remaining cost through its grant-in-aid contribution. Releasing the amount over two financial years will allow the provincial authorities to allocate the funds through the relevant annual budgets.

The proposed tower has been named after Bilquis Edhi and Abdul Sattar Edhi, whose humanitarian work is closely associated with healthcare, welfare and emergency services in Pakistan.

For families seeking specialized medical care for children, additional hospital capacity can be particularly important as demand for pediatric healthcare services continues to grow.

The project also represents another development in the use of public-private partnerships for healthcare infrastructure. Such arrangements can combine public-sector resources with private or philanthropic financing to support the construction and expansion of medical facilities.

Once completed, the new tower will add substantially to NICH’s physical capacity. The exact timeline for construction and the range of services to be housed in the building will depend on the project’s implementation and subsequent development stages.

The approved funding arrangement provides a defined financial framework for the project, with the Sindh government’s $7 million contribution divided equally between the 2026-27 and 2027-28 fiscal years.

The approval of the Edhi Medical Tower is therefore a significant step toward expanding pediatric healthcare infrastructure at NICH. Further details about construction milestones, facilities and operational plans are expected as the project progresses.

Senate Data Shows Wide Gap Between IPP and Dam Electricity Costs in Pakistan

Electricity generation costs in Pakistan vary sharply across different power sources, with new details presented in the Senate showing a substantial difference between the reported cost of hydropower from WAPDA dams and electricity generated by some private power plants.

According to documents presented to the Senate, WAPDA dams generated electricity at rates as low as Rs. 2.70 per unit, while the cost at some independent power producers (IPPs) exceeded Rs. 34 per unit.

The figures provide a comparison of generation costs across several electricity sources and highlight the different costs associated with hydropower, nuclear energy, domestic coal and imported coal-based plants.

During the period covered by the documents, the government paid Rs. 186 billion to WAPDA for 34.5 billion units of electricity. In comparison, payments to private IPPs reached Rs. 1.04 trillion for 49.8 billion units.

The documents also reported that more than Rs. 1.3 trillion was paid to IPPs in capacity charges during the current fiscal year. Capacity payments are separate from the per-unit generation costs cited in the comparison.

Among the power plants listed, the Tarbela Hydel Power Project recorded the lowest generation cost at Rs. 2.70 per unit. Mangla Hydel Power Project followed with a reported cost of Rs. 3.75 per unit.

Across the WAPDA dams included in the data, the average electricity generation cost was reported at Rs. 5.39 per unit. These figures place hydropower among the lower-cost sources listed in the Senate documents.

Nuclear generation was also reported at a comparatively lower rate. The Chashma Nuclear Power Plant generated electricity at Rs. 6.76 per unit, according to the documents.

The reported cost increased for coal-based electricity. Power generated using domestic Thar coal was listed at Rs. 19.03 per unit, considerably above the reported average cost of electricity generated by the listed WAPDA dams.

Plants using imported coal recorded still higher figures. The Sahiwal Coal Power Plant had a reported generation cost of Rs. 34.17 per unit, while Port Qasim’s reported cost stood at Rs. 32.16 per unit.

The reported difference between Rs. 2.70 per unit at Tarbela and Rs. 34.17 per unit at Sahiwal illustrates the wide variation in electricity generation costs across Pakistan’s power sector.

The figures also show that comparing total payments alone does not provide a complete picture of electricity costs, because WAPDA and private IPPs supplied different quantities of electricity during the period under review.

WAPDA supplied 34.5 billion units against payments of Rs. 186 billion, while private IPPs supplied 49.8 billion units against payments of Rs. 1.04 trillion. These figures therefore need to be considered alongside the respective electricity volumes and payment structures.

The Senate data comes amid continued attention on Pakistan’s electricity costs, power-sector payments and the financial pressures associated with the country’s energy system.

For consumers and businesses, the cost of electricity generation is an important part of the broader discussion surrounding power tariffs and the overall cost of electricity. However, generation costs represent only one component of the final electricity price.

The latest figures provide a snapshot of the reported costs of different generation sources and show particularly large differences between some hydropower projects and coal-based power plants.

The data presented to the Senate is likely to remain relevant as policymakers examine Pakistan’s power generation mix, payments to power producers and ways of managing the financial costs associated with electricity generation.

FED Collection Rises to Rs. 840 Billion in FY2025-26 as Key Sectors Drive Growth

Federal Excise Duty (FED) collection in Pakistan increased significantly during fiscal year 2025-26, reaching Rs. 840.02 billion as revenue from major sectors, including cigarettes, cement and air travel, continued to contribute to government receipts.

According to data from the Federal Board of Revenue (FBR), FED collection rose by 9.6 percent during FY2025-26 compared with Rs. 766.64 billion collected in the previous fiscal year.

The latest figures show an increase of Rs. 73.38 billion in Federal Excise Duty revenue over the one-year period. The growth highlights continued revenue generation from sectors subject to federal excise taxation.

FED collection also recorded growth during both halves of the financial year. However, the pace of increase differed considerably between the first and second halves of FY2025-26.

During the first half of FY2025-26, FED revenue stood at Rs. 400.73 billion, compared with Rs. 346.57 billion during the corresponding period of FY2024-25.

This represented a year-on-year increase of 15.6 percent, making the first half the stronger contributor to the overall annual growth in Federal Excise Duty collection.

The second half of FY2025-26 generated Rs. 439.29 billion in FED revenue. The figure was higher than the Rs. 420.07 billion collected during the same period a year earlier.

On a year-on-year basis, second-half FED collection increased by 4.6 percent, according to FBR data. Although the growth rate was lower than in the first half, the second-half collection remained higher in absolute terms.

The rise in FED revenue was supported by collections from important taxable sectors. Cigarettes remained among the sectors contributing to federal excise receipts, while cement and air travel also added to overall collection.

Federal Excise Duty is an important source of government revenue in Pakistan and applies to a range of locally produced goods, imported products and selected services. Changes in FED collections can therefore provide an indication of revenue activity across several parts of the economy.

The latest FBR figures come as Pakistan continues efforts to strengthen tax collection and improve government revenues. Higher receipts from federal duties can play a role in supporting fiscal management and meeting revenue targets.

The difference between the first- and second-half growth rates also provides an important picture of the revenue trend during FY2025-26. While the first six months recorded stronger percentage growth, the second half still delivered a larger total FED collection.

Overall, Federal Excise Duty revenue increased from Rs. 766.64 billion in FY2024-25 to Rs. 840.02 billion in FY2025-26. The Rs. 73.38 billion increase represents a notable rise in federal excise receipts over the period.

The figures will remain relevant for businesses and economic observers tracking Pakistan’s tax revenues, consumer activity and fiscal performance. Further FBR data can provide additional insight into which sectors contributed most to the increase in FED collection during the financial year.

Government Exempts Armed Forces and FBR Operational Vehicles From Fuel Cuts

The federal government has clarified which official vehicles will be exempt from its newly announced fuel conservation measures, with operational vehicles of the Armed Forces and several essential institutions excluded from the 50 percent fuel reduction.

The fuel-saving measure applies to government vehicles for a period of three months as part of a broader austerity campaign aimed at conserving petroleum supplies and reducing public expenditure.

Under the government’s decision, operational vehicles of the Armed Forces will not be affected by the fuel reduction. However, administrative and non-operational military vehicles will remain subject to the 50 percent cut.

The distinction between operational and non-operational vehicles means that vehicles required for essential duties will continue to receive fuel according to their operational needs, while vehicles used for administrative purposes will be covered by the conservation measure.

The exemption also extends to operational vehicles of the Civil Armed Forces. Law enforcement agencies and vehicles used for essential services have similarly been excluded from the fuel reduction.

Operational vehicles of the Federal Board of Revenue (FBR) are also exempt from the restriction.

The government has introduced the measures as part of efforts to conserve fuel and manage public spending amid pressure from rising international petroleum prices and regional tensions.

The fuel restriction is one component of a wider austerity programme announced by the federal government. Authorities are seeking to reduce unnecessary consumption while ensuring that essential government operations continue without disruption.

The three-month duration means government departments will need to operate under the revised fuel allocations during the specified period.

For administrative and non-operational vehicles belonging to the Armed Forces, the 50 percent reduction will continue to apply. This arrangement allows the government to distinguish between vehicles required for essential operational responsibilities and those used for routine administrative functions.

The exemption for law enforcement and essential services is intended to ensure that critical public functions can continue despite the broader fuel conservation drive.

Similarly, exempting operational FBR vehicles allows field activities considered necessary for the revenue authority to continue under the government’s fuel conservation programme.

The latest clarification is important because the original fuel reduction applies broadly to official vehicles but includes specific exemptions based on operational requirements.

Government departments and institutions will therefore have to identify vehicles falling within the exempted categories and implement the reduced fuel allocations for those that remain covered.

The decision comes as Pakistan seeks to conserve petroleum resources and contain government expenditure during a period of heightened economic and regional pressure.

Fuel consumption by official vehicles has become one of the areas targeted under the government’s austerity campaign. Alongside fuel restrictions, the federal government has announced other measures aimed at reducing non-essential spending.

The government’s approach combines conservation with exemptions for essential operations, allowing critical services and security-related activities to continue while reducing fuel use in administrative areas.

The 50 percent fuel reduction will remain in effect for three months for vehicles covered by the policy. Operational vehicles of the Armed Forces, Civil Armed Forces, law enforcement agencies, essential services and FBR will remain exempt under the stated provisions.

Further implementation details will depend on individual government departments and institutions applying the restrictions according to the categories outlined by the federal government.

NEPRA Imposes Rs. 10 Crore Fine on CPPA-G Over WAPDA Damages

The National Electric Power Regulatory Authority (NEPRA) has imposed a Rs. 100 million fine on the Central Power Purchasing Agency-Guarantee (CPPA-G) over its failure to enforce liquidated damages against WAPDA.

The regulatory action follows a finding that CPPA-G did not apply the relevant contractual provisions requiring liquidated damages to be imposed on WAPDA.

According to NEPRA’s order, the power purchasing agency was required to enforce the applicable provisions but failed to do so. The regulator subsequently took action and issued a financial penalty against CPPA-G.

The Rs. 100 million penalty is equivalent to Rs. 10 crore, making it a significant regulatory action involving two major entities connected with Pakistan’s power sector.

NEPRA has directed CPPA-G to deposit the fine into the designated bank account within 15 days of receiving the order.

A copy of the regulatory order has also been forwarded to the Chief Executive Officer of CPPA-G for compliance and necessary action.

Liquidated damages are generally contractual financial payments that may become applicable when a party fails to meet specified obligations under an agreement. In the power sector, such provisions can form part of arrangements governing performance and contractual responsibilities.

The latest NEPRA order highlights the regulator’s role in monitoring compliance with rules and contractual requirements within Pakistan’s electricity market.

CPPA-G plays a central role in the country’s power purchasing arrangements, while WAPDA remains an important institution within Pakistan’s electricity and water infrastructure. Any regulatory dispute involving the two organizations can therefore attract attention from power-sector stakeholders.

NEPRA’s action indicates that regulatory authorities expect CPPA-G to enforce applicable contractual provisions rather than waive or overlook financial consequences where they are required under the relevant agreements.

The regulator has specified a 15-day deadline for payment of the penalty. CPPA-G will therefore be required to comply with the order within the prescribed period unless the order is otherwise challenged or modified through an applicable legal or regulatory process.

The development comes amid continued efforts to improve governance, accountability and contractual compliance across Pakistan’s power sector.

Regulatory enforcement is particularly important in the electricity market because contractual obligations can have financial implications for power purchasers, generators and other stakeholders.

The NEPRA order does not merely concern the fine itself but also draws attention to the responsibility of power-sector institutions to follow the terms and conditions governing their agreements.

Further developments could emerge if CPPA-G takes any action concerning the regulatory order or provides additional clarification regarding the circumstances surrounding the liquidated damages.

For now, NEPRA has directed CPPA-G to pay Rs. 100 million within 15 days, citing the agency’s failure to impose applicable liquidated damages on WAPDA.

The decision adds another regulatory development to Pakistan’s power sector and places renewed focus on contractual enforcement and institutional accountability.

NBP Pensioners to Receive Government Pension Increases After Court Rejects Bank Appeal

Retired employees of the National Bank of Pakistan (NBP) are set to receive government-announced pension increases after the Federal Constitutional Court of Pakistan dismissed the bank’s appeal in a long-running pension dispute.

The development was disclosed by NBP to the Pakistan Stock Exchange (PSX) on September 17, following the court’s reserved judgment announced on September 16, 2026. The case concerns the entitlement of NBP pensioners to increases granted by the government to pensions.

According to NBP’s material disclosure, the case is Civil Appeal No. 1688/2021, titled National Bank of Pakistan and others versus Khawaja Abdul Hameed Nasir and others.

The bank stated that the Federal Constitutional Court dismissed its appeal, thereby entitling its pensioners to receive government increases in their pensions. However, NBP also said that the detailed text of the judgment is still awaited.

The court decision brings a significant development to a pension dispute that has remained under litigation for several years. The matter concerns a class of retired NBP employees who sought the application of government-announced pension increases to their retirement benefits.

The Lahore High Court had previously ruled in favor of pensioners in 2016 and directed NBP to extend the relevant government pension increases to its pensioners. The matter subsequently remained subject to further legal proceedings.

The latest decision means that the bank’s appeal against the pensioners’ claim has been dismissed. However, several practical details remain unclear until the complete judgment is released.

In particular, the available disclosure does not specify the exact number of pensioners covered by the ruling, the total financial liability for NBP, the applicable period of the increases or whether additional arrears will be payable.

These details could be important for both retired employees and NBP because the financial implications will depend on the scope of the court’s final directions and how the ruling is implemented.

The case also has a broader connection with earlier litigation involving NBP employees and pension-related benefits. A 2003 Supreme Court judgment in the Khawaja Abdul Hameed Nasir case dealt with retirement benefits for NBP employees and held that benefits could extend to employees falling within the relevant class.

The present appeal, however, specifically concerns government-announced pension increases and is being followed as a separate development in the bank’s long-running pension litigation.

For NBP retirees, the dismissal of the appeal provides an important legal development because the bank has disclosed that its pensioners are entitled to the government increases. The next stage will depend on the detailed judgment and subsequent implementation.

Until the full judgment becomes available, pensioners may need to wait for clarification regarding the exact calculation of revised pensions, any arrears, the applicable dates and the procedure through which the increases will be implemented.

The decision is also expected to remain relevant for NBP’s financial planning because the eventual cost will depend on the number of eligible pensioners and the period for which the government increases are applicable.

For now, the key point confirmed by NBP is that the Federal Constitutional Court has dismissed the bank’s appeal in Civil Appeal No. 1688/2021 and that its pensioners are entitled to receive government-announced pension increases. The detailed financial and implementation consequences will become clearer once the complete court judgment is released.

Gold Prices Jump Nearly Rs. 8,000 Per Tola in Pakistan

Gold prices in Pakistan recorded a sharp increase on Wednesday, with the price of 24-karat gold rising by nearly Rs. 8,000 per tola as local rates followed the upward movement in international gold markets.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold climbed by Rs. 7,900 during the latest trading session.

After the increase, one tola of 24-karat gold closed at Rs. 457,236 in the Pakistani market. The latest movement marks a significant daily rise for consumers, investors and businesses dealing in precious metals.

The increase was also reflected in the price of gold measured by weight in grams. The price of 10 grams of 24-karat gold settled at Rs. 392,006 after gaining Rs. 6,773.

Gold prices in Pakistan are closely linked to movements in international bullion markets, while domestic rates can also be affected by currency movements and local market conditions.

The latest increase comes as global gold prices also moved higher, contributing to the upward adjustment in Pakistan’s local bullion market.

For jewellery buyers, a rise in the international and domestic price of gold can increase the cost of purchasing new jewellery. Retail prices may also differ from the benchmark bullion rate because of making charges, design costs and other market factors.

Investors and gold traders generally monitor international gold prices alongside local market rates to understand the direction of the precious metals market.

The latest APGJSA figures place the 24-karat gold price at Rs. 457,236 per tola, while 10 grams of gold are priced at Rs. 392,006.

The sharp one-day increase highlights the continued sensitivity of Pakistan’s gold market to movements in global bullion prices. Consumers planning to buy gold may therefore continue to watch both international trends and domestic market updates before making purchasing decisions.

SBP Excludes Bank Employees From Prime Minister’s Apna Ghar Housing Scheme

The State Bank of Pakistan (SBP) has barred employees of banks and other financial institutions from benefiting from the Prime Minister’s Apna Ghar housing finance scheme.

The restriction applies to employees working for commercial banks, development finance institutions and microfinance banks, preventing them from applying for financing under the government-backed housing programme.

The scheme is also known as the Wazir-e-Azam Apna Ghar Program and is intended to facilitate access to housing finance for eligible applicants.

Under the latest instructions, employees of participating financial institutions will not be permitted to take advantage of the scheme’s financing facilities.

The decision covers staff members working across several categories of financial institutions regulated under Pakistan’s banking and financial system.

Commercial bank employees are among those affected by the restriction. The same exclusion applies to employees of development finance institutions and microfinance banks.

The move establishes a specific eligibility limitation for people who work within the financial institutions involved in providing banking and housing finance services.

The Prime Minister’s Apna Ghar programme is part of broader efforts to expand access to housing finance and support individuals seeking to purchase, construct or otherwise finance residential property, subject to the programme’s applicable eligibility requirements.

By excluding employees of banks and other participating financial institutions, the SBP has created a separate rule governing access for workers within the financial sector.

The restriction is particularly relevant because banks and financial institutions play a central role in processing and providing housing finance. Employees of these institutions therefore fall under a specific eligibility condition for the programme.

Applicants seeking housing finance under the Apna Ghar scheme will need to meet the programme’s eligibility requirements, including any restrictions issued by the central bank.

The latest SBP direction also provides financial institutions with clearer guidance regarding which categories of their employees are not eligible for the subsidized housing finance facility.

For individuals outside the excluded categories, eligibility will continue to depend on the applicable rules and conditions of the Prime Minister’s Apna Ghar housing finance programme.

The development highlights the role of the State Bank of Pakistan in establishing and supervising rules governing housing finance schemes implemented through the country’s banking sector.

The restriction on bank employees is now an important eligibility consideration for anyone working in a commercial bank, development finance institution or microfinance bank who may otherwise have considered applying for the programme.

Rescue 1122 Launches Fire Safety and First Aid Campaign Across Shangla

Rescue 1122 Shangla has launched a district-wide fire safety and first aid awareness campaign aimed at improving emergency preparedness among students, government employees and the wider community.

The initiative focuses on teaching basic life-saving skills that can help people respond effectively during fires, accidents and other emergencies before professional rescue teams arrive.

As part of the campaign, Rescue 1122 organized a one-day training and awareness session at Government Degree College Chakesar, where students were given practical guidance on handling emergency situations.

The training covered essential first aid techniques, fire prevention measures and safe evacuation procedures. Students were also encouraged to remain calm and follow safety protocols during emergencies.

The campaign is designed to increase public awareness about the importance of immediate action during critical situations. Basic first aid knowledge can help reduce risks and provide vital support while injured or affected individuals wait for professional medical assistance.

Fire safety was another key part of the awareness session. Participants were educated about common fire hazards and the importance of taking preventive measures in educational institutions, offices and other public places.

Rescue 1122 officials also highlighted the importance of having clear evacuation plans. Knowing how to safely leave a building during a fire or other emergency can help prevent panic and reduce the possibility of injuries.

Educational institutions have an important role in promoting emergency preparedness because large numbers of students and staff spend significant time on school and college premises. Regular safety training can help create a more informed and prepared environment.

The campaign also extends to government offices across Shangla, where employees can benefit from training in first aid, fire prevention and emergency response. Such knowledge can prove useful in dealing with workplace accidents and unexpected incidents.

Rescue 1122’s awareness initiative reflects the importance of community participation in emergency response. Professional rescue services may require time to reach an incident, making basic knowledge among people at the scene particularly valuable.

By taking fire safety and first aid training directly to educational institutions and government workplaces, Rescue 1122 Shangla is seeking to strengthen public understanding of emergency procedures across the district.

The campaign also provides an opportunity for citizens to learn practical skills rather than relying only on theoretical safety information. Hands-on training can help participants better understand how to react when faced with an emergency.

Public awareness remains an important part of reducing the impact of accidents and emergencies. Training students, employees and other community members can help build a culture where people understand how to prevent avoidable risks and respond responsibly when incidents occur.

The Rescue 1122 campaign in Shangla highlights the value of combining professional emergency services with community-level preparedness. The initiative is expected to support greater awareness of fire prevention, first aid and safe evacuation procedures among people across the district.

Government Considers Three-Day Smart Petroleum Lockdown as Petrol Prices Near Rs. 400

The federal government is considering a range of emergency measures to reduce petrol consumption in Pakistan as international energy pressures increase amid the ongoing US-Iran conflict, according to sources.

Officials are reportedly examining different strategies to maintain uninterrupted fuel supplies and manage the potential impact of changing global conditions on Pakistan’s energy sector.

One proposal under consideration is a “smart petroleum lockdown” that could give citizens three days off each week while maintaining normal work and government activities for the remaining four days.

Under the proposal being discussed, Friday, Saturday and Sunday could become restricted-movement days. The objective would be to reduce unnecessary travel and lower national petrol consumption.

The proposal comes as concerns grow over international energy markets and the potential impact of geopolitical tensions on petroleum supplies and prices.

Sources said the government is studying ways to conserve fuel at the national level without completely shutting down economic and government activity.

If approved, the proposed arrangement would allow businesses and government offices to continue operating for four days each week. The three-day period would instead focus on reducing unnecessary movement and limiting fuel consumption.

The plan is being described as a possible emergency response rather than a confirmed government decision. Authorities are still reviewing its potential effects before any final announcement is made.

Officials are also considering how restrictions on movement during weekends could affect businesses, public transportation, workers and other daily activities.

A major consideration for policymakers is ensuring that any fuel conservation strategy does not unnecessarily disrupt essential services or economic activity.

Sources said consultations are underway among relevant ministries and government departments regarding the proposed smart petroleum lockdown.

The government is reportedly assessing the expected reduction in petrol demand as well as the practical challenges involved in implementing restricted movement for three consecutive days.

The proposed strategy could become particularly significant if international developments continue to place pressure on petroleum supplies and prices. Pakistan relies heavily on imported petroleum products, making global oil market movements an important factor for the domestic economy.

A final report containing recommendations on the proposed smart petroleum lockdown is expected to be presented to Prime Minister Shehbaz Sharif.

The prime minister is expected to review the recommendations before deciding whether the proposal should be implemented. Relevant ministries and departments may also provide additional suggestions before a final decision is taken.

The government has not yet finalized the duration, scope or exact implementation mechanism of the proposed restrictions, according to the information provided by sources.

If approved, the plan could represent an unusual step aimed at reducing fuel demand without bringing economic activity to a complete halt.

The government’s immediate focus is reportedly on conserving petroleum, discouraging unnecessary travel and ensuring that available fuel supplies remain sufficient to meet essential needs.

For now, the three-day smart petroleum lockdown remains under consideration. Citizens should wait for an official government announcement before treating Friday, Saturday and Sunday restrictions as confirmed.

Any final decision will depend on the recommendations submitted to the prime minister and consultations with the relevant government departments.

Pakistan and IAEA Sign Safeguards Agreement for 1,200MW Chashma-5 Nuclear Power Plant

Pakistan and the International Atomic Energy Agency (IAEA) have signed a safeguards agreement covering Unit-5 of the Chashma Nuclear Power Plant, marking an important development in the country’s expanding nuclear energy program.

The agreement was signed by Dr. Raja Ali Raza Anwar, Chairman of the Pakistan Atomic Energy Commission (PAEC), and Rafael Mariano Grossi, Director General of the IAEA.

The signing ceremony took place at the IAEA Headquarters on the sidelines of the agency’s 70th General Conference. Shan Zhongde, Chairman of the China Atomic Energy Authority (CAEA), also witnessed the ceremony.

The safeguards agreement provides the framework for the application of IAEA safeguards at Chashma Unit-5, commonly referred to as C-5.

The IAEA Board of Governors unanimously approved the agreement at its meeting in March 2026. Its signing represents a further step toward implementing the safeguards arrangements for the new nuclear power unit.

The development also reflects Pakistan’s stated commitment to the peaceful use of nuclear technology and its obligations relating to nuclear safeguards and non-proliferation.

Construction work on Chashma-5 is progressing, with the project reaching several major milestones. One of the notable achievements has been the early completion of the reactor building dome placement.

Chashma-5 is designed to have a gross generation capacity of 1,200 megawatts electric (MW(e)). The nuclear power unit is scheduled to begin commercial operations in 2028.

Once completed, C-5 is expected to provide a significant addition to Pakistan’s electricity supply. Nuclear power can provide continuous electricity generation while producing relatively low carbon emissions during operation.

The project is therefore expected to support Pakistan’s broader objectives related to energy security, climate goals and sustainable economic development.

Pakistan already has considerable experience in operating nuclear power facilities. The country currently operates six nuclear power plants with a combined installed capacity of 3,530 MW(e).

According to the information provided by PAEC, these nuclear facilities have maintained an average capacity factor of more than 90 percent. Pakistan also has more than 100 reactor-years of operational experience.

PAEC says the country’s nuclear power plants have operated with an emphasis on safety, security and safeguards in line with international standards.

The Chashma-5 agreement also highlights the continuing role of international safeguards in Pakistan’s civilian nuclear energy program. Such arrangements provide a framework for the IAEA to apply safeguards to nuclear material and activities covered by an agreement.

Alongside the safeguards signing, Pakistani and Chinese officials held a bilateral meeting to discuss existing and future cooperation in the peaceful applications of nuclear science and technology.

The Pakistani delegation was led by Dr. Raja Ali Raza Anwar, while the Chinese delegation was headed by Shan Zhongde. Mohammad Kamran Akhtar Malik, Pakistan’s Ambassador to Austria and Permanent Representative to the IAEA, also attended the meeting.

Pakistan and China have maintained longstanding cooperation in the civilian nuclear energy sector, including the development of nuclear power projects at Chashma.

During his visit, the PAEC chairman also participated as a keynote speaker at two high-level side events organized by the China Atomic Energy Authority, China’s Permanent Mission in Vienna and Chinese organizations involved in nuclear science and applications.

The signing of the safeguards agreement for C-5 comes as Pakistan continues to expand nuclear power as part of its strategy to strengthen electricity generation and diversify its energy mix.

With a planned capacity of 1,200 MW(e), Chashma-5 is expected to become an important component of Pakistan’s future nuclear electricity generation capacity when it is commissioned in 2028.

The agreement with the IAEA marks another key stage in the development of the project and establishes the safeguards framework needed as Pakistan moves toward the future operation of the Chashma-5 nuclear power plant.

Pakistani Gangs Allegedly Linked to Contract Killings in South Africa, Senate Committee Briefed

Concerns over the safety of Pakistani nationals in South Africa have emerged after the Senate Standing Committee on Foreign Affairs was briefed about alleged organized criminal activity involving some members of the Pakistani community.

Officials from the Pakistan High Commission in South Africa informed the committee that organized Pakistani gangs are reportedly active in the country. Some individuals were also allegedly involved in contract killings connected to personal and business disputes.

The briefing was presented as lawmakers reviewed the situation faced by Pakistani citizens living in South Africa. The matter has raised questions about security risks and criminal networks affecting members of the Pakistani diaspora.

The committee, chaired by Senator Agha Shahzaib Durrani, received details from the Pakistan High Commission regarding recent incidents involving Pakistani nationals.

Officials reportedly told the committee that four Pakistanis who were recently killed in South Africa had been targeted following a personal dispute. Information about an alleged contract-killing plan also emerged during the investigation into the incident.

The disclosure has added a serious dimension to the killings, as contract killings generally involve attacks allegedly arranged or financed by another person rather than occurring as spontaneous acts of violence.

However, the allegations presented to the committee do not mean that the wider Pakistani community in South Africa is involved in criminal activity. Any individual’s involvement in organized crime or contract killings would need to be established through investigations and the appropriate legal process.

The briefing highlights the challenges faced by Pakistani citizens living abroad, particularly in cases involving serious criminal disputes. Diplomatic missions can play an important role by maintaining contact with local authorities and providing consular assistance to Pakistani nationals.

The reported incidents also underline the importance of cooperation between Pakistani and South African authorities when crimes involve citizens of both countries. Cross-border investigations can require coordination between law-enforcement agencies, diplomatic officials and other relevant institutions.

Personal and commercial disagreements can sometimes develop into serious criminal matters when they are handled outside legal channels. The allegations discussed by the Senate committee therefore raise broader concerns about dispute-related violence and the possible use of criminal networks.

The Pakistan High Commission’s briefing provides lawmakers with information about the circumstances surrounding the recent deaths and the security environment affecting Pakistani nationals in South Africa.

The reported targeting of four Pakistanis over a personal dispute is particularly significant because it suggests that the killings may have stemmed from a specific conflict rather than being random incidents. Authorities will need to establish the circumstances and identify anyone responsible through formal investigations.

The alleged contract-killing connection could also become an important part of the investigation if evidence supports the claim. Determining who planned an attack, who may have financed it and who carried it out would require evidence gathered by law-enforcement agencies.

For Pakistanis residing in South Africa, the developments serve as a reminder of the importance of using lawful mechanisms to resolve personal and business disputes. Individuals facing threats can seek help from South African authorities and, where appropriate, contact Pakistani diplomatic representatives for consular guidance.

The Senate committee’s discussion has brought the issue of Pakistani nationals’ security in South Africa into focus. Further developments will depend on investigations and any legal proceedings arising from the reported killings and alleged criminal activity.

At this stage, the claims regarding organized gangs and contract killings should be understood as allegations reported during a briefing to the Senate committee. Final responsibility can only be determined through competent investigations and the legal process.

Gold Prices Fall Sharply Again in Pakistan

Gold prices in Pakistan declined sharply on Monday, continuing a downward trend that was also observed in international gold markets.

According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold fell by Rs. 3,800 per tola to close at Rs. 453,336.

The latest decline comes as movements in the domestic gold market continue to reflect changes in international bullion prices. Gold prices in Pakistan are influenced by global market trends, currency movements and local demand.

The price of 10-gram 24-karat gold also recorded a significant decrease. It settled at Rs. 388,662 after losing Rs. 3,258 during the session.

The latest figures provide a fresh indication of volatility in Pakistan’s precious metals market. Gold has remained closely watched by investors, jewelers and consumers as prices have moved sharply in recent periods.

For investors, changes in gold prices can influence decisions about buying or selling the precious metal as a store of value. Many Pakistani households also consider gold an important form of savings, particularly during periods of economic uncertainty.

Jewelry buyers may also pay close attention to daily price changes because fluctuations in the value of gold can have a direct impact on the final cost of jewelry. Additional charges for craftsmanship and other factors are generally separate from the underlying gold rate.

The international market remains an important factor behind local gold price movements. When global gold prices rise or fall, domestic markets can experience similar changes after accounting for currency exchange rates and other local market conditions.

The latest decline therefore highlights the close connection between Pakistan’s gold market and global bullion trends. Investors and consumers will be watching international prices for indications of where domestic rates could move next.

The APGJSA figures are widely followed for daily gold price updates in Pakistan. Market participants typically use these rates as a reference when assessing the value of gold in the local market.

With 24-karat gold now at Rs. 453,336 per tola, the latest reduction represents another notable move in the domestic market. The 10-gram rate has similarly fallen to Rs. 388,662.

Future gold prices in Pakistan will depend on several factors, including international bullion movements, the Pakistani rupee’s value against major currencies and changing conditions in global financial markets.

Consumers planning to purchase gold may therefore continue monitoring daily rates before making buying decisions, while investors are likely to remain focused on developments in international gold markets and currency movements.

PIA Signs Interline Agreement With Afghanistan’s Kam Air

Pakistan International Airlines (PIA) has signed an interline agreement with Afghanistan’s Kam Air, creating a new travel option for passengers flying from Afghanistan to destinations in the Middle East through Islamabad.

The agreement is designed to make international travel more convenient by allowing passengers to book their complete journey under a single reservation rather than purchasing separate tickets for different flight segments.

Under the arrangement, travelers can connect between Kam Air and PIA services through Islamabad as part of one booking. The development is expected to simplify the travel process for passengers who need to transit through Pakistan while continuing their journey to Middle Eastern destinations.

Interline agreements are commonly used by airlines to expand their networks without operating flights to every destination directly. Through cooperation with another carrier, airlines can offer passengers access to additional routes and connecting destinations.

For travelers from Afghanistan, the agreement could provide a more streamlined option for reaching Middle Eastern cities via Islamabad. A single reservation can make the overall booking process easier and may provide greater convenience when planning connecting flights.

Islamabad’s position as an important regional aviation hub also makes the Pakistani capital a practical transit point for passengers traveling between Afghanistan and other international destinations.

The agreement strengthens cooperation between PIA and Kam Air while potentially expanding the range of travel options available to passengers of both airlines. It also provides the carriers with an opportunity to improve connectivity across the region.

For passengers, one of the key advantages of an interline arrangement is the ability to arrange multiple flight segments through a unified booking. This can reduce the complexity associated with purchasing separate tickets for connecting journeys.

The partnership comes as regional air travel continues to develop, with airlines seeking new ways to connect passengers to international markets through strategic partnerships and transit hubs.

Middle Eastern destinations are particularly important for travelers from Afghanistan because of business, employment, family and religious travel. Easier connections through Islamabad could therefore be useful for a wide range of passengers.

The agreement may also contribute to greater passenger traffic through Islamabad International Airport as more travelers use the Pakistani capital as a connecting point.

PIA’s partnership with Kam Air represents another step toward improving regional air connectivity. By combining their networks through an interline arrangement, the two airlines can offer passengers a simpler way to plan journeys involving Afghanistan, Pakistan and the Middle East.

Travelers will still need to check the applicable schedules, connection times, baggage conditions and entry or transit requirements before booking, as these details can vary depending on the itinerary and destination.

Neelum Valley Set for New Parks, Heritage Sites and Tourism Facilities

The Azad Jammu and Kashmir (AJK) government is preparing a major tourism development plan for Neelum Valley, one of Pakistan’s most popular mountain destinations. The initiative includes new recreational parks, ecotourism facilities, heritage sites and improved amenities for visitors.

The projects are being considered under the government’s 100-day transformation program, with the aim of improving tourism infrastructure while protecting the valley’s natural beauty and cultural heritage.

AJK Tourism, Youth and Culture Secretary Ansar Yaqoob reviewed the proposed development projects during a visit to several important tourist locations in Neelum Valley.

The official visited Keran, Sharda, Arang Kel and other areas in the upper parts of the valley to assess tourism opportunities and discuss plans for new facilities.

The proposed recreational and ecotourism parks could provide visitors with better spaces for relaxation, sightseeing and outdoor activities. Such projects are also expected to create new opportunities for local communities involved in tourism and hospitality.

Neelum Valley is known for its forests, rivers, mountains and scenic landscapes, making it a major attraction for domestic tourists. Areas such as Keran, Sharda and Arang Kel regularly attract visitors seeking natural scenery and a peaceful mountain environment.

The planned heritage sites could further strengthen the valley’s tourism appeal by highlighting its historical and cultural significance. Preserving local heritage alongside tourism development can give visitors a broader experience beyond the region’s natural attractions.

The government’s focus on ecotourism also reflects the growing need for responsible tourism in environmentally sensitive mountain areas. Carefully planned facilities can help accommodate increasing numbers of tourists while reducing pressure on natural resources.

Improved tourist facilities may also benefit local businesses. Hotels, restaurants, transport providers, tour operators, handicraft sellers and other small businesses could see greater economic activity as more visitors explore the valley.

The inspection of multiple locations indicates that the proposed development is being considered across different parts of upper Neelum Valley rather than being limited to a single tourist spot.

If implemented effectively, the projects could improve the overall visitor experience and make Neelum Valley more attractive for families, nature lovers and domestic and international tourists.

The 100-day transformation program is therefore expected to play an important role in shaping the next phase of tourism development in Azad Jammu and Kashmir, particularly in areas with significant natural and cultural potential.

For Neelum Valley, the combination of new parks, ecotourism projects, heritage sites and visitor facilities could provide a stronger foundation for sustainable tourism while supporting the region’s local economy.

NEPRA Approves $58 Billion Power Expansion Plan Despite Major Concerns

The National Electric Power Regulatory Authority (NEPRA) has approved an 11-year power generation and transmission expansion plan involving an estimated investment of around $58 billion through 2035.

The approval of the Integrated System Plan 2025 comes despite significant reservations raised by all three members of the power regulator, including concerns about the selection of projects and the process followed in preparing the plan.

NEPRA approved the plan through a 45-page decision, making the implementation subject to the regulator’s observations being properly addressed.

The decision highlights the scale of Pakistan’s planned investment in electricity generation and transmission infrastructure over the coming years. The proposed $58 billion program is intended to shape the country’s power system through 2035.

However, the approval was accompanied by substantial disagreement within the regulatory authority. The three NEPRA members recorded more than 12 pages of dissenting or separate advisory notes regarding different aspects of the proposed power expansion strategy.

Among the major concerns raised by the members was the selection of projects included in the plan. Questions were also raised about why certain major projects had been included while others were left out.

The reservations indicate that there were differences within the regulator over the assumptions and priorities used to develop the long-term power generation and transmission roadmap.

Another significant issue highlighted by the members relates to the Council of Common Interests (CCI). They questioned the decision-making process and raised concerns that the national power planning framework had bypassed the constitutional forum responsible for matters including national energy policy and planning.

The Council of Common Interests has an important constitutional role in resolving issues involving shared interests between the federation and provinces. Energy policy and planning can therefore involve broader institutional and provincial considerations.

The objections recorded by NEPRA members could become important as Pakistan moves toward implementing a long-term power investment strategy. Large-scale decisions involving generation and transmission infrastructure can have lasting effects on electricity supply, costs and the overall structure of the power sector.

The $58 billion figure also demonstrates the enormous financial requirements associated with expanding and modernizing Pakistan’s electricity system. Investment decisions over an 11-year period will need to be aligned with expected electricity demand, available generation capacity and transmission requirements.

NEPRA’s decision does not mean that all concerns raised by its members have been disregarded. The approval specifically makes implementation subject to addressing the observations included in the regulatory decision.

This condition could require authorities and relevant power-sector institutions to review aspects of the plan before individual projects move forward.

The debate surrounding the Integrated System Plan 2025 also comes at a time when Pakistan continues to face challenges related to electricity generation, transmission capacity and the financial sustainability of the power sector.

A carefully designed long-term plan can help coordinate investment and reduce the risk of developing generation capacity without sufficient transmission infrastructure. At the same time, project selection and institutional procedures remain critical to ensuring that investments deliver value for consumers and the economy.

The concerns raised by NEPRA members are therefore likely to remain relevant as the government and power-sector institutions work on the next stages of the plan.

With the approval of the Integrated System Plan 2025, Pakistan now has a long-term framework for power generation and transmission investment extending to 2035. The challenge will be to address the regulator’s observations while ensuring that the planned investments are economically justified and implemented through the appropriate constitutional and regulatory processes.

Pakistan Expands Olive Farming Under Revised Commercial Cultivation Plan

Pakistan has approved a major initiative to expand olive cultivation on a commercial scale as the government moves to strengthen the country’s agricultural production and promote the growth of the olive sector.

The Central Development Working Party (CDWP) approved the revised Phase-II project for the promotion of olive cultivation, paving the way for a broader effort to increase olive farming across the country.

The initiative is focused on developing olive production as a commercial agricultural activity rather than limiting cultivation to small-scale or individual farming operations.

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal chaired the CDWP meeting where the revised project was considered and approved.

During the meeting, Ahsan Iqbal emphasized the importance of adopting a professional and results-oriented approach to expand olive farming in Pakistan.

He stressed that the success of the initiative would depend on practical implementation, improved coordination and a clear focus on increasing commercial production.

The planning minister also called for successful private-sector olive growers to be included in the government’s initiative.

Bringing experienced private growers into the program could help introduce practical expertise and support the expansion of commercial olive cultivation in different parts of the country.

The government’s renewed focus on olive farming comes as Pakistan seeks to diversify its agricultural production and develop crops with greater commercial potential.

Olive cultivation can provide opportunities for farmers while also supporting the development of an agriculture-based value chain involving production, processing and marketing.

The revised Phase-II project is expected to build on efforts to promote olive cultivation and create a stronger foundation for commercial-scale production.

A greater focus on experienced growers could also help improve the implementation of the program by connecting government initiatives with farmers who already have practical knowledge of olive cultivation.

The inclusion of private-sector stakeholders may further encourage investment in the sector and help establish a more commercially focused approach to olive farming.

For Pakistani farmers, the expansion of olive cultivation could create opportunities to explore alternative agricultural activities and potentially develop new sources of farm income.

The initiative also reflects the government’s broader emphasis on improving agricultural productivity through targeted development projects and stronger participation from the private sector.

However, the long-term success of the olive program will depend on effective implementation, farmer participation and the ability to turn cultivation efforts into sustainable commercial production.

The government’s decision to approve the revised Phase-II project marks another step toward expanding olive farming in Pakistan.

With the involvement of experienced private growers and a results-oriented strategy, authorities aim to give greater momentum to commercial olive cultivation and strengthen the country’s emerging olive industry.

PM Approves Up to Rs. 20 Million Assistance for Families of Deceased Federal Employees

Prime Minister Shehbaz Sharif has approved a revised financial assistance package for families of federal government employees who die while in service, significantly expanding financial support available to bereaved families.

The revised package increases lump-sum compensation and provides broader assistance related to housing, education, healthcare and other welfare needs. The new provisions have been made effective from August 28, 2026.

The Establishment Division issued the revised assistance package on September 8, 2026, updating the government’s existing framework for families of employees who die during service.

For ordinary in-service deaths, the revised lump-sum grant will depend on the employee’s basic pay scale. Families of employees in BS-1 to BS-4 will receive Rs. 600,000, while those in BS-5 to BS-10 will be entitled to Rs. 900,000.

Employees in BS-11 to BS-15 will have a lump-sum grant of Rs. 1.2 million, while families of BS-16 and BS-17 employees will receive Rs. 1.5 million.

For higher-grade federal employees, the financial assistance increases further. Families of employees in BS-18 and BS-19 will receive Rs. 2.4 million, while the maximum ordinary in-service death grant has been set at Rs. 3 million for BS-20 and above.

The revised policy also provides significantly higher compensation in cases involving security-related deaths. Depending on the employee’s pay scale and circumstances, the assistance can reach up to Rs. 20 million.

Under the security-related provisions, deaths occurring in incidents such as encounters, bomb blasts, riots, terrorism and certain official security duties qualify for enhanced financial assistance. This creates a major difference between ordinary in-service deaths and deaths connected to security-related incidents.

The revised package is aimed at providing greater financial protection to families at a time when the loss of a government employee can create serious economic challenges. By increasing the compensation and broadening welfare support, the government has sought to strengthen the safety net available to affected families.

Housing support is also an important part of the revised assistance framework. Families of deceased government employees can receive support related to government accommodation or housing facilities, subject to the conditions and rules specified in the revised package.

Education-related assistance is another major area covered by the policy. The package provides support for the children of deceased employees, helping families manage education expenses and maintain access to educational opportunities after the loss of their main earning member.

Healthcare and other welfare provisions have also been included as part of the broader assistance framework. These measures are intended to reduce the financial pressure faced by families following the death of a federal government employee.

The revised assistance package is expected to provide clearer and more substantial support to eligible families across different federal government departments and ministries. The level of financial assistance will depend on the employee’s pay scale and the circumstances surrounding the death.

The announcement is particularly significant for federal employees because the package combines direct financial compensation with longer-term welfare measures. This approach gives families support beyond the initial lump-sum payment.

For families seeking assistance under the revised policy, eligibility, documentation and applicable procedures will remain important. Relevant government departments are responsible for processing cases according to the revised rules and ensuring that eligible beneficiaries receive the assistance available to them.

The revised policy represents an important update to the federal government’s assistance system for employees who die during service. With ordinary death grants reaching Rs. 3 million and security-related compensation going as high as Rs. 20 million, the new framework provides increased financial protection for families during a difficult period.

GB Auctions Permits for 117 Trophy Animals

The Gilgit-Baltistan Wildlife and Parks Department has auctioned hunting permits for 117 trophy animals for the 2026-27 trophy hunting season, generating significant revenue from permits for some of the region’s most valuable wildlife species.

The auction, held on Thursday, saw particularly strong demand for Astore markhor permits, with the highest permit selling for $356,000. The price highlights the growing financial value attached to regulated trophy hunting programmes in Gilgit-Baltistan.

The second Astore markhor permit was sold for $301,000, while a third permit fetched $294,000. These figures placed Astore markhor permits among the most expensive hunting opportunities offered during the auction.

In addition to the newly auctioned permits, one Astore markhor permit had been carried over from the previous hunting season, adding to the permits available for the species.

The trophy hunting programme in Gilgit-Baltistan is conducted under a regulated system in which permits are issued for selected wildlife species. The programme is intended to generate funds while supporting wildlife conservation and benefiting local communities living in areas where trophy species are found.

The high prices recorded during the latest auction also demonstrate the international interest in trophy hunting opportunities in the mountainous region. Gilgit-Baltistan is home to several rare and highly valued wildlife species, making its conservation areas attractive to licensed international and domestic hunters.

The auction of 117 permits for the 2026-27 season is expected to provide substantial financial resources for conservation-related activities. A portion of revenue generated through regulated trophy hunting is generally directed toward communities and wildlife management initiatives in designated areas.

The Astore markhor, a subspecies of markhor found in the northern mountainous areas of Pakistan, remains one of the region’s most sought-after trophy animals. Its conservation status and limited population make the management of hunting permits particularly important.

The latest auction results have once again placed Gilgit-Baltistan’s trophy hunting programme in the spotlight, with the $356,000 Astore markhor permit emerging as the highest-value permit sold during the event.

Ahsan Iqbal Backs Rs. 57 Billion Project to Transform and Digitalize FBR

The federal government has moved forward with a major Rs. 57.1 billion initiative aimed at modernizing the Federal Board of Revenue (FBR) and expanding Pakistan’s taxpayer base.

The Transforming and Digitalizing Revenue Administration (TADRA) Project has been recommended for further consideration by the Central Development Working Party (CDWP).

The proposal will now be submitted to the Executive Committee of the National Economic Council (ECNEC), which will consider the project as part of the government’s broader efforts to improve revenue administration.

The initiative is designed to transform the way Pakistan’s tax system operates by introducing greater digitalization and improving the administration of revenue collection.

The project is expected to focus on strengthening FBR’s administrative capabilities while creating a more efficient system for managing taxpayers and tax-related processes.

Expanding the taxpayer base remains a major priority for Pakistan as the government seeks to increase tax revenues without relying solely on higher tax rates.

The proposed TADRA project could support efforts to identify potential taxpayers, improve compliance and make revenue administration more effective through modern digital systems.

The Rs. 57.1 billion initiative is proposed to be financed through foreign funding under technical assistance from the Asian Development Bank (ADB).

The financing would be provided through a soft-term loan, allowing Pakistan to pursue the large-scale modernization programme with relatively favourable financing conditions.

Planning Minister Ahsan Iqbal has been associated with the government’s efforts to advance development and institutional reform initiatives, while the project’s movement through the CDWP represents another step toward its formal approval process.

The recommendation by the CDWP does not itself constitute final approval of the project. The proposal will require consideration by ECNEC before implementation can proceed.

If approved, the TADRA Project could become an important component of Pakistan’s ongoing efforts to reform its tax administration and strengthen domestic resource mobilisation.

Digital transformation of the FBR has been a key focus of economic reform discussions, particularly as Pakistan seeks to improve tax collection, reduce inefficiencies and broaden the number of individuals and businesses contributing to the national tax system.

A larger and more effectively managed taxpayer base could provide the government with additional fiscal space for public services, development projects and economic priorities.

The project also reflects Pakistan’s continued engagement with international development institutions to support structural reforms and improve public-sector capacity.

The proposed Rs. 57.1 billion FBR modernization initiative will now be closely watched as it moves toward ECNEC consideration and a potential implementation phase.

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