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CDWP clears Rs79b projects | The Express Tribune
Ahsan Iqbal says Balochistan’s uplift, Pakistan Post’s automation key to govt’s inclusive growth agenda
ISLAMABAD:
The Central Development Working Party (CDWP), chaired by Minister for Planning, Development and Special Initiatives Ahsan Iqbal, approved seven development projects worth Rs34.66 billion and recommended two major schemes of Rs44.62 billion to the Executive Committee of the National Economic Council (ECNEC) for final approval.
In total, the CDWP cleared nine projects covering higher education, governance, health, physical planning, power, and information technology. The approvals reflect the government’s drive to fast-track development initiatives nationwide, according to an official statement issued on Saturday.
Among the projects approved, the “Establishment of University of Turbat (Phase-II)” costing Rs1.93 billion was sanctioned. The project includes new academic blocks, hostels, residences, internal roads, drainage, electrification, IT networking, furniture, and laboratory equipment to transform the institution into a modern higher education facility.
While approving the scheme, Iqbal reiterated that Balochistan’s economic and educational development remained a core priority of the Pakistan Muslim League-Nawaz (PML-N) government. He recalled that during previous tenures, several universities and sub-campuses had been established in remote areas of the province, along with financial support to BUITEMS and Sardar Bahadur Khan Women’s University.
He noted that 5,000 scholarships had earlier been awarded to students from Balochistan and ex-FATA, and the programme’s second phase now included overseas scholarships for legal education. The minister urged university leadership to focus on intellectual growth, civic values, and exposure for students through study tours to major cities. The CDWP also restored the previously reduced allocation for laboratory equipment, enhanced the library budget, and directed installation of solar energy systems. Members appreciated these measures.
Another major project approved was the revised “Automation of Pakistan Post” worth Rs6.64 billion, to be financed through the Export-Import Bank of Korea (KExim). The project will automate 2,761 post offices, introduce a Core Banking System, strengthen ICT infrastructure, and modernise remittances, insurance, and logistics services.
Officials briefed that the project, initially approved in 2017 at Rs2.2 billion, was delayed due to policy discontinuity, raising costs to Rs6.5 billion and causing Pakistan Post to lose around 65% of its market share to digital competitors. Approving the revival, the minister said automation was now “unavoidable,” adding that it would enable Pakistan Post to regain its share in e-commerce and improve public service delivery.
Other projects approved included: Establishment of Daanish School at Chitral, K-P (Rs3.32 billion); Capacity Enhancement of Federal Entities (Rs5.43 billion); Stroke and Critical Care Facilities at PIMS (Rs7.22 billion); Punjab Intermediate Cities Improvement Programme (Rs4.83 billion); and Rehabilitation of Hydropower Stations (Rs5.27 billion).
Business
Gold prices rise rebound in Pakistan after recent decline – SUCH TV
Gold prices in Pakistan have risen again at the start of the business week after several days of decline, according to the All Pakistan Bullion Market.
The price of gold per tola increased by Rs 800, reaching Rs 493,962.
Similarly, the price of 10 grams of gold rose by Rs 686 to Rs 423,492.
In the global market, gold also recorded an increase of $8 per ounce, reaching $4,716.
Experts say global economic uncertainty, currency fluctuations, and investor preference for safe-haven assets are driving the upward trend in gold prices.
They add that changes in international markets directly impact Pakistan’s local bullion rates, leading to continued fluctuations in domestic prices.
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Anta: The Chinese sports brand taking on Nike and Adidas
Now one of the biggest sportswear firms, Anta’s rise follows a playbook adopted by many Chinese giants.
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Gold price prediction today: Will gold prices continue to be volatile? Key levels to watch out for April 27, 2026 week – The Times of India
Gold price prediction today: Gold prices will closely track movements on the rate decisions by several central banks, including the US Federal Reserve, this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold is currently consolidating after sharp swings in a broad range, indicating a pause rather than a reversal. Price action shows a higher-high structure intact, but the recent sideways movement suggests indecision near the upper supply zone around 158,000–160,000. The formation resembles a short-term flag/triangle continuation pattern, where a breakout on either side will define the next directional move. Volume has tapered slightly, reinforcing the consolidation narrative.Gold prices recently moved from the upper band toward the mid-band (20 DMA), and are now attempting to stabilize. The bands have started to contract, signaling a potential volatility expansion ahead. Sustaining above the mid-band (~150,500–151,000 zone) keeps bullish bias intact, while a breakdown below this could trigger a deeper mean reversion toward the lower band.For the week, immediate support for gold prices is placed at around Rs 150,500, which is followed by stronger support near Rs 148,500. On the upside, the resistance stands at around Rs 155,500, and after that the key supply zone is at Rs 158,000. A decisive close for gold above Rs 158,000 levels can then resume the broader uptrend. However, a break in gold prices below levels of Rs 148,500 may shift the momentum to bearish in the near term.The economic docket is filled with data points and events this week as the focus will be on FED, BOJ, ECB and ECB policy meetings. US consumer confidence, GDP, inflation and durable goods orders data will also be in radar.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
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