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SBP injects Rs 14.3 trillion in market

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KARACHI, Jun 20 (APP): The central bank injected Rs 14,304.4 billion in the market on Friday through Reverse Repo Purchase and Shariah Compliant Mudarabah based Open Market Operations (OMO).

The State Bank of Pakistan (SBP) conducted the Open Market Operation, Reverse Repo Purchase (Injection) for 7 day tenor on June 20, 2025 and accepted an amount of Rs 13,929.4 billion against 36 bids while another Rs 375 billion were injected through Shariah Compliant OMO.

The central bank, for the 7-day Reverse Repo Purchase, received 36 quotes cumulatively offering Rs 13,929.4 billion at the rate of return ranging between 11.03% to 11.15%. SBP accepted the entire amount against 36 quotes at 11.03% rate of return.

Meanwhile, SBP also conducted Shariah Compliant Mudarabah based Open Market Operation for 7-day tenor. The central bank received 3 bids offering Rs 375 billion at rate of return ranging between 11.11% to 11.12%. SBP accepted all the 3 bids with the entire amount at 11.11% rate of return.

Spectators enjoy the freestyle polo match as players from Gilgit and Chitral teams compete at the world’s highest polo ground during the annual Shandur Polo Festival

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Spectators enjoy the freestyle polo match as players from Gilgit and Chitral teams compete at the world’s highest polo ground during the annual Shandur Polo Festival
APP31-200625 SHANDUR: June 20 – Spectators enjoy the freestyle polo match as players from Gilgit and Chitral teams compete at the world’s highest polo ground during the annual Shandur Polo Festival. APP/ SYR/FHA/SSH
Spectators enjoy the freestyle polo match as players from Gilgit and Chitral teams compete at the world’s highest polo ground during the annual Shandur Polo Festival
APP31-200625
SHANDUR

Girls perform aerobics and traditional dances at the Shandur Polo Festival, held at the world’s highest polo ground. The festival blends the thrill of freestyle polo between Gilgit and Chitral with rich cultural expressions, drawing tourists to the heart of Pakistan’s mountainous heritage in Shandur Pass

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Girls perform aerobics and traditional dances at the Shandur Polo Festival, held at the world’s highest polo ground. The festival blends the thrill of freestyle polo between Gilgit and Chitral with rich cultural expressions, drawing tourists to the heart of Pakistan’s mountainous heritage in Shandur Pass
APP36-200625 SHANDUR: June 20 - Girls perform aerobics and traditional dances at the Shandur Polo Festival, held at the world’s highest polo ground. The festival blends the thrill of freestyle polo between Gilgit and Chitral with rich cultural expressions, drawing tourists to the heart of Pakistan’s mountainous heritage in Shandur Pass. APP/SYR/FHA/SSH
Girls perform aerobics and traditional dances at the Shandur Polo Festival, held at the world’s highest polo ground. The festival blends the thrill of freestyle polo between Gilgit and Chitral with rich cultural expressions, drawing tourists to the heart of Pakistan’s mountainous heritage in Shandur Pass
APP36-200625
SHANDUR

Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival

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Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP30-200625 SHANDUR: June 20 - Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival. APP/SYR/FHA/SSH
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP30-200625
SHANDUR
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP30-200625
SHANDUR
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP30-200625
SHANDUR

Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival

0
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP29-200625 SHANDUR: June 20 - Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival. APP/SYR/FHA/SSH
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP29-200625
SHANDUR
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP30-200625
SHANDUR
Polo players from Gilgit and Chitral teams in action during a freestyle match at the world’s highest polo ground at the annual Shandur Polo Festival
APP33-200625
SHANDUR

NA-Budget-Debate-LASYT-ISLAMABAD

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ISLAMABAD, Jun 20 (APP): PML-N MNA Rana Mubashir Iqbal said that the coalition government, under leadership of Nawaz Sharif and Prime Minister Shehbaz Sharif, had presented an excellent budget despite economic challenges and hardships. “This budget will prove beneficial for the country,” he added.
He noted that “Even U.S. President Donald Trump has called Shehbaz Sharif a smart leader,” adding that the Army Chief’s meeting with US President had great significance and public importance.
He said PM Shehbaz Sharif was tirelessly working for national progress and argued that instead of focusing on provincialism, the debate should center on national interest.
Highlighting development projects, he mentioned that Rs 100 billion had been allocated for road construction in Balochistan, more than any other province. Under a new programme, 1,000 students will be sent to China for
training in agriculture to contribute to national development.
He criticized PTI for pushing the country towards default and taking record loans, which the current government was now repaying. “How will we return loans or complete development projects without taxes?” he asked, though he acknowledged public concerns over taxes.
MNA Muhammad Shehryar urged the government to reconsider taxes on agriculture and salary-based individuals, stressing the need for consultation with all parties before their imposition. He criticized the government for focusing only on tax collection without offering returns to the public. “In our area, there is 15-hour-long load shedding. Electricity is unaffordable for the common man,” he said, criticizing the tax on solar energy. He lauded Bilawal Bhutto for presenting Pakistan’s peaceful image on the global stage.
Parliamentary Secretary for Federal Education and Professional Training Ms Farah Naz Akbar termed the budget a guarantee of regional peace and economic development. She hailed Shehbaz Sharif’s performance and urged the nation to unite like during wartime. “Our real battle today is in the field of education,” she said, noting Shehbaz and Maryam Nawaz’s impressive governance, both at federal and in Punjab.
She also noted that Rs. 18.5 billion had been allocated for education, along with reasonable funding for other sectors, and urged the opposition to acknowledge the constraints under which the budget was formulated.
Minister of State for Religious Affairs and Interfaith Harmony, Kesoo Mal Kheeal Das described the budget as positive under difficult conditions. He emphasized that the 18th Amendment, brought in with consensus, made provinces more accountable. “Performance discussions should include provinces, not just the federal government,” he said. He pointed to Nawaz Sharif’s peace initiatives in Karachi and promised continued development in Sindh, including Sukkur-Hyderabad-Karachi M-9 Motorway.
He also stated that the budget aimed to stabilize the economy, expressing hope that this would be the last budget under under IMF package during Shehbaz Sharif’s leadership. He said “PTI and India shared similar agendas against Pakistan.” He also lauded the military’s success in countering Indian aggression.
Osama Sarwar emphasized the need to declare his constituency a ‘model district’ and called for comprehensive measures to create training and employment opportunities for youth. Praising the “Clean Punjab” initiative, he proposed launching a similar campaign under the title “Clean and Green Kohsar” to raise awareness about climate change.
He also advocated for a tourism system that blends technology with cultural heritage and stressed the urgent need for gas supply projects in Murree and adjoining areas to curb deforestation. He criticized the failure to develop seven promised tourist sites and criticized the Khyber Pakhtunkhwa government for discontinuing a vital water project in his constituency.
Noor Alam Khan countered claims that Pakistanis were not paying taxes, stating that citizens pay taxes on every purchase. He criticized the recent imposition of a 10% tax on solar panels, which he said has burdened households trying to generate their own electricity. He highlighted the inadequacy of the current minimum wage of Rs. 37,000, noting it falls short of meeting the basic needs of a small family.
Despite housing a major project like the Warsak Dam, Peshawar still suffers from up to 18 hours of load shedding daily, he added. Khan called for increased risk allowances and a higher defense budget, citing growing regional threats and Indian aggression. He affirmed that the people of Khyber Pakhtunkhwa would stand on the forefront in defense of the nation and called for concrete measures to improve law and order. He also proposed a salary increase of more than 10% for government employees and direct support for farmers in the agriculture sector.
Zulfiqar Ali criticized the meager allocation of Rs. 550 million for Khyber Pakhtunkhwa, noting that despite PESCO achieving a 90% recovery rate, residents still face 12 to 18 hours of power outages. He opposed the privatization of profitable state-owned companies.
The budget debate reflected a mix of concern over resource distribution, and called for developmental action, and a strong focus on national unity in the face of external threats.
MNA Zohra Wadood Fatimi commended the Prime Minister’s leadership and the army’s professionalism in defending against hostile actions. “Pakistan achieved a historic victory in a war imposed upon it,” she said. She highlighted India’s violations of international law by attempting to cancel the Indus Waters Treaty and cutting off water supplies.
She further praised Pakistan’s diplomatic achievements and recalled the key roles played by former Prime Minister Zulfiqar Ali Bhutto, and Nawaz Sharif in strengthening the country’s nuclear defense.
“Under Shehbaz Sharif’s leadership, Pakistan has improved its global image,” she concluded.

15 cases registered against Sheikh Waqas Akram: IHC told

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ISLAMABAD, Jun 20 (APP): The Islamabad High Court (IHC) was informed on Friday that a total of 15 cases had been registered against PTI leader Sheikh Waqas Akram in Islamabad’s police stations.
IHC’s Justice Raja Inaam Ameen Minhas heard the case filed by Sheikh Waqas Akram, seeking cases details against him. Petitioner’s lawyer Syed Ali Bokhari appeared before the court.
At the outset of hearing, DSP legal Islamabad police submitted the report to the bench which stated that a total of 15 cases had been registered at various police stations of the federal capital against the petitioner.
After the report was submitted by the police, the court disposed of the petition.

CDWP approves 5 development projects worth Rs. 55.164 billion

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Federal Minister for Planning, Development and Deputy Chairman Planning Commission (DCPC) Ahsan Iqbal chairing the Central Development Working Party (CDWP) meeting on Friday, where five development projects worth Rs. 55.164 billion were approved.
ISLAMABAD, Jun 20 (APP):The Central Development Working Party (CDWP) on Friday approved five development projects worth Rs. 55.164 billion for sustainable economic development in the country.
The Central Development Working Party (CDWP), in a meeting chaired by the Federal Minister for Planning, Development and Special Initiatives and Deputy Chairman of the Planning Commission, Ahsan Iqbal, approved 5 different development projects, said a release issued here.
Out of these, two projects with substituted cost of Rs. 7.725 billion were approved at the CDWP level. And three projects, amounting to Rs. 47.439 billion, were recommended to the Executive Committee of the National Economic Council (ECNEC) for approval.
 The meeting was attended by Awais Manzur Sumra, Secretary Planning, along with Chief Economist, VC PIDE, other members of the Planning Commission, Federal Secretaries, heads of Provincial Planning and Development (P&D) boards/ departments, and senior representatives from relevant Federal Ministries and Provincial Governments.
The agenda focused on development projects across key sectors, including Environment, Food and Agriculture, Health and Physical Planning and Housing.A project related to Environment sector presented in the meeting namely “Installation of Weather Surveillance Radar at Sukkur in the Islamic Republic of Pakistan – Revised” worth Rs. 5725..013 million approved by CDWP forum.
The chair noticed inordinate delay in implementation of the project with Japanese grant and directed for installation on priority basis.
A project related to Food and Agriculture sector presented in the meting namely “Balochistan Livelihoods and Entrepreneurship Project” recommended to ECNEC at a revised cost of Rs. 12461.661 million. the project source of financing is is through World Bank and International Development Association (IDA) and MDTF.
The main objective of the project is to promote employment opportunities for rural communities and ensure the sustainability of enterprises in eight districts of Balochistan including Chagai, Killa Abdullah, Killa Saifullah, Mastung, Nushki, Pishin, Sherani, and Zhob.
The project aims to benefit rural households by supporting livelihoods through enterprise development and job creation.
Furthermore, it will extend benefits to communities for enterprises development in sectors i.e. agriculture, livestock, forestry, mines and minerals, tourism, and industry. The chair of the CDWP meeting Ahsan Iqbal directed that the additional scope of work should include tangible and impact oriented interventions under the project.
A project related to Health sector presented in the meeting namely “Expansion of Armed Forces Institute of Cardiology and National Institute of Heart Diseases (AFIC-NIHD), Rawalpindi” at estimated cost of Rs. 25457.912 million and in-principal recommended to ECNEC with concerns and funding confirmation.
The upgradation and expansion of the Armed Forces Institute of Cardiology and National Institute of Heart Diseases (AFIC-NIHD) aims to significantly enhance the hospital’s capacity and quality of care to meet growing cardiac healthcare demands over the next two decades.
Key objectives include increasing indoor bed capacity from 420 to 800, establishing 10 state-of-the-art modular operation theaters, enhancing diagnostic capabilities with advanced MRI and CT scanners, expanding outpatient services with 20 additional specialist clinics, and upgrading the angiography setup and compliance with international healthcare standards such as JCIA, FGI, and ASHRAE. The Deputy Chairman of the Planning Commission Ahsan Iqbal accorded in-principle approval and formed a committee to rationalize cost/ scope and directed the sponsors to explore alternative financing options for the project in view of tight resource position for PSDP funding. Another project of Physical Planning & Housing sector presented namely “Construction of New Balochistan Assembly at Quetta” worth Rs. 9519 million in-principal approved the project and recommended to ECNEC for further considerations.
The main objective of the project is to construct a new Assembly Building being planned in Quetta to replace the existing structure, can no longer accommodate the full strength of assembly members.The proposed facility, spanning a covered area of 250,000 square feet across a double basement, ground, first, and second floors, will feature a modern Main Assembly Hall with increased seating capacity, dedicated chambers for the Chief Minister, Speaker, and Deputy Speaker, ministerial offices, administrative areas with a conference hall, and comprehensive parking and allied infrastructure. This project will be designed and executed under the supervision of the PP&H department to ensure evolving needs of Balochistan’s legislative operations.
While reviewing the project, Deputy Chairman Planning Commission (DCPC) Ahsan Iqbal also constituted a committee to rationalize its cost scope before submission to the ECNEC for final approval and directed that top quality consulting firms should be engaged for designing and supervision work.
New Balochistan Assembly building will be a gift of the Federal Government for the people of Balichistan. PM Shahbaz Sharif gave approval for the funding the project.
The third project of the PP&H sector presented in the forum namely “Special Development Initiatives for Backward / Poor District in Country (50:50)” worth Rs. 1999.988 million approved by the forum for Kashmore district Sindh.
The Deputy Chairman Planning Commission (DCPC) formed a committee to oversee and confirm scope and cost along with the design and construction of the project.

Aleem Khan called on Deputy Chairman Senate, discussed Balochistan’s infrastructure development

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ISLAMABAD, Jun 20 (APP): Federal Minister for Communications Abdul Aleem Khan called on Deputy Chairman Senate, Syedal Khan Nasir at the Parliament House, here on Friday. During the meeting matters of mutual interest and discussions related to the ongoing budget session were held, said a press release.
The two dignitaries also exchanged views on various political issues, the current regional situation, Pakistan’s role and other relevant matters. While discussing various development projects of the National Highway Authority (NHA) in Balochistan, Federal Minister for Communications Abdul Aleem Khan stated that swift progress is being made on the National Highway N-25, which connects Quetta to Karachi. He emphasized that Balochistan’s Communications infrastructure holds significant geographical importance and that NHA is paying special attention to the province’s development.
Deputy Chairman Senate Syedal Khan Nasir extended an invitation to the Federal Minister to visit Quetta and lauded the Minister of Communications for its commendable performance. He expressed hope that the ongoing projects in Balochistan will be completed promptly and with high standards of quality.

Rubina Khalid pays glowing tribute to Shaheed Mohtarma Benazir Bhutto on her 72nd birth anniversary

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ISLAMABAD, Jun 20 (APP):Chairperson Benazir Income Support Programme (BISP), Senator Rubina Khalid Friday paid rich tribute to Shaheed Mohtarma Benazir Bhutto on the occasion of her 72nd birth anniversary on Saturday.
In her message, Senator Rubina Khalid said, “We pay homage to Shaheed Mohtarma Benazir Bhutto on her 72nd birthday. She carried forward the democratic mission of her father with immense courage and resilience.”
She highlighted that Benazir Bhutto made history by becoming the first female Prime Minister of Pakistan and the Muslim world. “She stood firm against dictatorship and became a symbol of democratic struggle in Pakistan,” Rubina Khalid added.
“Her unmatched struggle for democracy in Pakistan remains a source of inspiration for generations. She dreamed of a progressive and democratic Pakistan and worked tirelessly for women’s empowerment,” said the Chairperson.
Senator Rubina Khalid emphasized that despite numerous obstacles, Shaheed Benazir never bowed down. “Her sacrifices for democracy and Pakistan are unparalleled. Today, not just Pakistan but the entire world remembers her as a great leader,” she said.
Reflecting on her vision during exile, Rubina Khalid noted, “It was her dream to establish a strong support system for the underprivileged people of Pakistan. The Benazir Income Support Programme is a realization of that dream.”
In connection with Benazir Bhutto’s birth anniversary, Senator Rubina Khalid announced that the Benazir Hunarmand Programme will be launched under the banner of BISP.
The programme will be inaugurated by First Lady Aseefa Bhutto Zardari, affectionately referred to as the “reflection of Benazir”, alongside President Asif Ali Zardari.
“The Pakistan Peoples Party will continue its mission of ‘Roti, Kapra, aur Makaan’ (bread, clothing, and shelter), and Shaheed Mohtarma’s dream of a prosperous Pakistan will soon be fulfilled,” concluded Senator Rubina Khalid.