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Pakistan’s militancy-hit Balochistan unveils ‘largest’ $3.6 billion annual budget

Pakistan’s militancy-hit Balochistan unveils ‘largest’ $3.6 billion annual budget
Screen grab of Finance Minister of Pakistan's southern Balochistan province, Mir Shoaib Nosherwani, presenting provincial budget for upcoming fiscal year in provincial assembly on June 17, 2025. (PTV)
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Updated 17 June 2025

Pakistan’s militancy-hit Balochistan unveils ‘largest’ $3.6 billion annual budget

Pakistan’s militancy-hit Balochistan unveils ‘largest’ $3.6 billion annual budget
  • Province earmarks $2.26 billion for non-development spending, $307 million for health and $423.5 million for schools
  • Balochistan is Pakistan’s largest province by land yet its poorest by almost all social and economic indicators

ISLAMABAD: The government in Pakistan’s militancy-hit Balochistan on Tuesday unveiled its $3.6 billion budget for fiscal year 2025-26, which provincial Finance Minister Mir Shoaib Nosherwani described as the “largest” one in the province’s history.

Balochistan is Pakistan’s largest province by land size but its poorest by almost all social and economic indicators. The province, which borders Iran and Afghanistan, has been the scene of a low-lying insurgency for decades where ethnic separatist militants demand a greater share of the province’s mineral resources for locals. 

Nosherwani presented the budget for the upcoming fiscal year in the Balochistan Assembly in Quetta, with Speaker Abdul Khaliq Achakzai chairing the session.

“For the upcoming fiscal year, the total budget is estimated at Rs1,028 billion [$3.63 billion]— the largest in the province’s history,” Nosherwani told lawmakers during the budget session.

“Out of this, the non-development budget is Rs642 billion [$2.26 billion] while the overall provincial development (PSDP) budget is Rs249.5 billion [$878 million],” he added. 

The finance minister pointed out that the budget includes a Rs42 billion [$148.3 million] surplus, describing it as a “historic milestone” for the province. 

Nosherwani said the government has earmarked over Rs120 billion [$423.5 million] for the schools sector and Rs29.1 billion [$102.7 million] for the higher education sector. 

The provincial government has also allocated Rs87 billion [$307 million] for the health sector, ₨26 billion [$91.8 million] for the agriculture sector and Rs1 billion [$3.53 million] for food, he said. 

He said the government had decided not to purchase new vehicles, except for the ones required by law enforcement personnel. 

“To create employment opportunities in 2025–26, the provincial government plans to introduce 4,188 contract positions and 1,958 regular jobs across departments,” Nosherwani said. 

He credited the provincial government for not overlooking any segment of society in the annual budget.

“These measures cover government employees, women, pensioners, youth, migrants, laborers— people from every walk of life,” the finance minister said. 


Pakistan completes clearance of 585 companies under new Iraq-Iran pilgrim travel regime

Pakistan completes clearance of 585 companies under new Iraq-Iran pilgrim travel regime
Updated 17 sec ago

Pakistan completes clearance of 585 companies under new Iraq-Iran pilgrim travel regime

Pakistan completes clearance of 585 companies under new Iraq-Iran pilgrim travel regime
  • Religious affairs ministry says scrutiny of Ziyarat Group Organizers underway, certificates to be issued soon
  • New centralized system replaces decades-old “Salar” model after 40,000 Pakistani pilgrims went missing abroad

ISLAMABAD: Pakistan’s ministry of religious affairs has completed security clearance of 585 companies seeking to organize pilgrimages to holy sites in Iran and Iraq, as authorities move to operationalize a new, tightly regulated travel regime, the ministry said on Tuesday.

According to a spokesperson, the ministry has begun scrutinizing applications for registration as Ziyarat Group Organizers (ZGOs), the only entities that will now be authorized to arrange pilgrimages under the restructured system.

“Security clearance of 585 companies has been completed,” the religious affairs ministry spokesman said in a statement. 

“Registration certificates for pilgrimage companies that complete the required documentation are expected to be issued soon.” 

The ministry said 95 new companies had submitted documents during the most recent extension period. Document submission from existing companies will continue until Aug. 31, while new firms can apply until Sept. 10.

The overhaul follows Islamabad’s decision last month to abolish the decades-old Salar system, in which private caravan leaders managed pilgrim travel. The move came after officials confirmed that around 40,000 Pakistani citizens had overstayed or gone missing in Iran, Iraq, and Syria over the past decade.

The government has also barred overland travel for this year’s Arbaeen pilgrimage, citing militant threats in the restive Balochistan province bordering Iran, meaning all journeys to Iraq and Iran will be arranged through registered tour operators and air travel only.

Under the new Ziyarat Management Policy, all pilgrimages must be organized through licensed groups, with operators directly responsible for ensuring that all travelers return on time. Companies that fail to meet requirements face license cancelation, the ministry has said.

Authorities say the policy aims to address long-standing security and migration concerns flagged by host governments, while restoring credibility to Pakistan’s management of religious tourism.


Twenty bodies found in Pakistan mountain village after cloudburst flooding

Twenty bodies found in Pakistan mountain village after cloudburst flooding
Updated 42 sec ago

Twenty bodies found in Pakistan mountain village after cloudburst flooding

Twenty bodies found in Pakistan mountain village after cloudburst flooding
  • The toll contributed to a total of 358 deaths in the floods in Khyber Pakhtunkhwa province since Friday
  • Cloudburst is extreme downpour releasing over 100 mm of rain in one hour, hits about 30 square kilometers area

PESHAWAR: Rescue workers on Tuesday recovered more bodies from a mountain village in northwest Pakistan where flash floods triggered by a cloudburst brought down homes and buildings, bringing the death toll there to at least 20, the local district commissioner said.

The toll contributed to a total of 358 deaths in the floods in Khyber Pakhtunkhwa province since Friday – more than 200 of them in the worst hit district of Buner.

The Provincial Disaster Management Authority says 30 children are among the dead.

A cloudburst is a rare phenomenon where more than 100 mm (4 inches) of rain falls within an hour in a small area, officials say. Authorities have warned of more rains to come in two spells of monsoon until September 10.

In Buner, there was more than 150 mm of rain within an hour on Friday morning. A massive downpour from another cloudburst struck near Gadoon in the mountains of Swabi district, also in Khyber Pakhtunkhwa, on Monday.

District Commissioner Nisar Khan said that as well as the death toll there increasing from 11 on Monday, several residents remained missing from the remote village.

“We are utilising all available resources, including heavy machinery such as excavators, to recover the missing bodies,” he said.

The raging flood water came down from the mountains and swept away the houses, he said.

The intense rain has claimed lives and spread destruction in several northwestern districts, with most people killed in flash floods, according to the National Disaster Management Authority.

More relief equipment including tents, blankets, electric generators, pumps, medicine and rations have been sent to the flood-affected areas, the National Disaster Management Authority said on Tuesday.

It said the torrential rains and flooding this monsoon season have killed 695 people across Pakistan since late June. 


Pakistan stock market hits 150,000 points for first time

Pakistan stock market hits 150,000 points for first time
Updated 27 min 41 sec ago

Pakistan stock market hits 150,000 points for first time

Pakistan stock market hits 150,000 points for first time
  • KSE-100 crosses landmark level, third 50,000 gained in just 10 months, finance adviser says 
  • Rally comes amid signs of economic stabilization under $7 billion IMF bailout approved last year

ISLAMABAD: Pakistan’s stock market reached a historic milestone on Monday, with the benchmark KSE-100 index closing at 150,000 points for the first time in its history, a senior government adviser said.

Khurram Schehzad, adviser to the finance minister, wrote on X that the rise reflected growing investor confidence, homegrown reforms, and a more positive macroeconomic outlook.

“Pakistan Stock Exchange Makes New History – Reaches 150,000 Points Mark,” Schehzad said in his post, noting that the index’s growth had sharply accelerated over the past decade.

“First 50,000 took 26 years (1991-2017). Second 50,000 took 8 years (2017-2024). Third 50,000 took just 10 months (Nov 2024–Aug 2025),” he wrote.

Schehzad also highlighted other achievements, including the return of large-cap valuations and a surge in investor participation:

“Total Billion Dollar+ Valuation Companies at PSX are now 16 – highest after 15 in 2018, and only 3 in 2022,” he said, adding that “Number of new investors added in last one year – 73,000, up 22 percent YoY, highest in a single year! Total investors at Pakistan’s public markets now over one million (99 percent with PSX + Mutual Funds).”

The adviser attributed the performance to reforms and improved credibility. Schehzad said Pakistan’s improving global credibility, structural reforms and a stronger macroeconomic outlook were fueling investor confidence and driving the market’s rise.

The rally comes amid signs of stabilization in Pakistan’s economy after securing a $7 billion International Monetary Fund (IMF) bailout in September 2024 and recent upgrades by international ratings agencies.

Inflation has eased from a peak of 38 percent in 2023 to 4.1 percent in July 2025, while the rupee has stabilized against the dollar.


British-Pakistani lawyers to form task force to back Pakistan’s Indus waters case — foreign office

British-Pakistani lawyers to form task force to back Pakistan’s Indus waters case — foreign office
Updated 33 min 11 sec ago

British-Pakistani lawyers to form task force to back Pakistan’s Indus waters case — foreign office

British-Pakistani lawyers to form task force to back Pakistan’s Indus waters case — foreign office
  • India suspended Indus Waters Treaty after an attack in Kashmir, prompting Pakistan to call the move ‘an act of war’
  • Ishaq Dar says the treaty sustains 240 million lives, as UK-based lawyers condemn India’s action as ‘water warfare’

ISLAMABAD: Pakistan said on Tuesday a group of British-Pakistani lawyers has committed to form a task force to mobilize legal and diplomatic support for the country’s right to the continued flow of river waters after India announced it was suspending participation in the Indus Waters Treaty (IWT) earlier this year.

The IWT, brokered by the World Bank in 1960, divides control of the Indus basin rivers between the two nuclear-armed neighbors. New Delhi decided to hold the treaty “in abeyance” after a gun attack in Indian-administered Kashmir in April that killed more than 26 tourists, for which it accused Pakistan.

Islamabad denied any involvement, calling New Delhi’s decision both illegal and “an act of war.”

Deputy Prime Minister and Foreign Minister Ishaq Dar, who is currently visiting the United Kingdom where he has met officials to deepen bilateral ties, addressed the British-Pakistani Lawyers Forum where he also highlighted the issue.

“In his address, the DPM/FM emphasized that the 1960 World Bank brokered agreement, which governs 80 percent of Pakistan’s freshwater resources and sustains the lives of 240 million people, cannot be unilaterally suspended or held in abeyance,” the foreign office said. “He underscored the treaty’s critical importance to Pakistan’s water security and ecological stability.”

“The attending lawyers unanimously condemned India’s actions as a form of ‘water warfare,’ and committed to establishing a UK-based legal task force,” it added. “The task force will focus on defending Pakistan’s rights under the treaty and mobilizing international legal and diplomatic support.”

India and Pakistan fought a four-day war in May in the wake of the militant attack in Kashmir, using fighter jets, drones, missiles and artillery under the nuclear shadow, before US President Donald Trump announced a ceasefire on May 10.

Pakistan has consistently raised the IWT issue at international forums, calling India’s suspension unilateral and illegal and noting that the treaty does not allow either side to withdraw.


Pakistan Cricket Board downgrades contracts for Babar Azam and Mohammad Rizwan

Pakistan Cricket Board downgrades contracts for Babar Azam and Mohammad Rizwan
Updated 19 August 2025

Pakistan Cricket Board downgrades contracts for Babar Azam and Mohammad Rizwan

Pakistan Cricket Board downgrades contracts for Babar Azam and Mohammad Rizwan
  • No player awarded top-tier contract as PCB splits pool evenly across B, C and D categories
  • Test captain Shan Masood, pacer Naseem Shah demoted as part of PCB’s contract reshuffle

ISLAMABAD: The Pakistan Cricket Board has downgraded deals for Babar Azam and Mohammad Rizwan in the latest list of 30 centrally contracted players announced on Tuesday.

Both Babar and Rizwan were in category A but have been relegated to join Abrar Ahmed, Fakhar Zaman, Haris Rauf, Hasan Ali, Saim Ayub, Salman Ali Agha, Shadab Khan and Shaheen Shah Afridi in category B.

The PCB didn’t contract any players at the highest level, instead selecting 10 players in each of the B, C and D categories.

Pakistan’s white-ball head coach Mike Hesson said last weekend that Babar needed to work on his strike-rate and playing against spin in the T20 format. Selectors yet again ignored both Babar and Rizwan in the Pakistan T20 squad for an upcoming tri-series and the Asia Cup.

Pakistan finished at the bottom of the ICC World Test Championship and the PCB has demoted its test captain Shan Masood from category B to category D.

Fast bowler Naseem Shah, who was also dropped for the upcoming T20 tournaments in the United Arab Emirates, was dropped from the second tier to the third tier of contracted players.

Wickekeeper-batter Usman Khan, who chose to play for Pakistan over the UAE, was among the eight international players who didn’t get a central contract.

While some key Pakistan cricketers were demoted, legspinner Ahmed, fast bowler Rauf, opening batter Ayub, T20 captain Agha and legspinner Shadab Khan were all upgraded from C to B category contracts.

The contracts run through June 30, 2026.