ISLAMABAD: The federal government has approved a Rs13 billion supplementary grant to help Pakistan Television Corporation (PTV) overcome its worsening financial difficulties, while also authorizing sovereign guarantees worth Rs34.6 billion for the Sialkot–Kharian Motorway project. The decisions were made during a virtual meeting of the Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb. The Ministry of Information and Broadcasting had requested Rs20 billion to cover PTV’s salaries, allowances, utility bills, and other essential operational expenses. However, the ECC approved Rs13 billion, which will be released in quarterly installments of approximately Rs3.25 billion. PTV, which operates under the Pakistan Television Corporation Act and is headed by Information Secretary Ashfaq Ahmed Khokhar as its Managing Director, has been facing mounting financial challenges. According to the Ministry of Finance’s latest report, the broadcaster’s revenue declined by 22 percent during fiscal year 2024-25, falling to Rs14.3 billion. The corporation also recorded a net loss of Rs639 million, placing it among Pakistan’s 20 largest loss-making state-owned enterprises. The ECC also cleared sovereign guarantees totaling Rs34.6 billion for the 69-kilometre Sialkot–Kharian Motorway project. The motorway is being developed under the Public-Private Partnership (PPP) model and was awarded in September 2021 to Sialkot Kharian Infrastructure Management (Private) Limited, a subsidiary of the Frontier Works Organization (FWO). The approved guarantees include Rs17.4 billion for Capital Viability Gap Funding, Rs10.3 billion to facilitate commercial borrowing, and nearly Rs7 billion for Operational Viability Gap Funding. In addition, the Ministry of Finance confirmed that the ECC authorized Rs27.62 billion in fresh sovereign guarantees and approved the rollover of Rs6.94 billion in existing operational viability funding to help the project achieve financial close under its revised financing structure. The government had already revised the PPP agreement for the motorway in February this year, requiring the concessionaire to complete financial arrangements within six months. Rising construction costs, inflation, higher interest rates, and design modifications prompted a restructuring of the project’s financial framework. As part of the revised agreement, the concession period has been extended from 25 years to 29 years. During the first year of operations, toll rates are expected to start at Rs4.1 per kilometre for cars, around Rs10 for minibuses, Rs13.7 for large buses, and Rs23 per kilometre for heavy trucks. The Ministry of Finance estimates that new sovereign guarantees worth Rs683 billion will be issued between April 2026 and June 2027 for various public projects and state-owned entities. Pakistan’s total sovereign guarantees currently stand at Rs4.4 trillion and are projected to exceed Rs5 trillion by June next year. More than Rs2.4 trillion of these guarantees support the power sector, while Rs895 billion have been allocated for commodity procurement and storage operations.

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif reaffirmed Pakistan’s support for the people of Kashmir on Kashmir Exploitation Day, urging the international community to play a more active role in resolving the longstanding dispute. In his message, President Zardari said lasting peace in South Asia depends on a peaceful and just settlement of the Jammu and Kashmir issue. He stated that India’s actions cannot alter the internationally recognized status of the dispute or weaken the determination of the Kashmiri people, adding that Pakistan will continue to stand firmly with them. Prime Minister Shehbaz Sharif said the measures introduced by India since August 2019 have led to increased repression and restrictions on fundamental freedoms in the region. He also accused India of attempting to alter the demographic composition of the occupied territory. The prime minister called on the international community to move beyond expressions of concern and play a responsible role in achieving a fair and lasting resolution to the Kashmir dispute. He also urged India to end alleged human rights violations in the occupied valley and reverse the unilateral measures introduced in August 2019.

CHILAS: Torrential rains triggered flooding in Chilas, disrupting daily life, damaging farmland, and claiming lives as severe weather continued to affect several parts of Khyber Pakhtunkhwa. Floodwaters inundated streams and water channels, causing widespread destruction to agricultural land and crops. Authorities also closed the Babusar Road to all traffic after floodwaters made the route unsafe for travel. According to the Provincial Disaster Management Authority (PDMA), six people have lost their lives and another six have been injured in rain-related incidents across Khyber Pakhtunkhwa since July 29. The agency said at least 65 houses have also been damaged. Rain-related emergencies were reported in Abbottabad, Peshawar, Swat, Buner, Khyber, Chitral and several other districts, where rescue and relief efforts remain underway. Meanwhile, the Flood Forecasting Division in Lahore reported that low-level flooding continues at the Kalabagh, Chashma and Guddu barrages along the Indus River, with authorities closely monitoring the evolving situation.

ISLAMABAD: Federal Minister for Communications Abdul Aleem Khan has highlighted a series of ongoing and planned infrastructure projects aimed at improving connectivity, boosting trade and promoting tourism across Gilgit-Baltistan, Azad Jammu and Kashmir, Punjab, Sindh and Balochistan. Speaking at a ceremony held to honour police martyrs, the minister said the proposed extension of the Murree Expressway to Muzaffarabad will provide modern travel facilities, while the MNJC Motorway will offer an alternative route to the Karakoram Highway, strengthening Pakistan’s strategic road link with China. He said the Sialkot-Kharian-Rawalpindi Highway will reduce the distance between Islamabad and Lahore by around 100 kilometres and cut travel time by more than an hour. In Karachi, he noted that the M-10 and Lyari Expressway are improving cargo movement from the city’s port, while construction on the M-6 Motorway is expected to begin soon. Aleem Khan added that work is progressing on the Guru Nanak Expressway, which will connect Kartarpur with Nankana Sahib to promote religious tourism and facilitate Sikh pilgrims from around the world. He also said infrastructure development is advancing on tourist routes in Gilgit, the N-25 Highway is expected to be completed next year, and the M-8 Motorway projects in Balochistan will strengthen regional connectivity and cross-border trade with Iran. Paying tribute to police martyrs, the minister described their sacrifices as a lasting symbol of courage and praised the Motorway Police for their professionalism. He announced plans to establish modern police stations, dedicated parking areas and emergency ambulance services near toll plazas to improve the safety of patrolling officers. Aleem Khan also highlighted the National Highway Authority’s financial progress, saying its revenue has increased from Rs66 billion in 2024 to more than Rs127 billion in 2026. He said the improved financial position has enabled Pakistan to expand its motorway and highway network using domestic resources without relying on external funding. Inspector General of Motorway Police Sultan Ahmad Chaudhry also paid tribute to the fallen officers, reaffirming the department’s commitment to supporting the families of martyrs and honouring their sacrifices.