EOBI investment portfolio reaches Rs 691.91 bln by Feb

ISLAMABAD, Apr 13 (ABC): The Employees’ Old-Age Benefits Institution’s (EOBI) investment portfolio reached Rs 691.91 billion by February 28, with fixed-income instruments continuing to dominate the fund’s asset mix and income generation. According to documents available with Wealth Pakistan, the EOBI remains heavily invested in fixed-income assets, which account for Rs 592.12 billion, or 85.58%,…

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Over Rs127 mln spent under food security project in KP’s flood-hit districts

ISLAMABAD, Apr 13 (ABC): The Khyber Pakhtunkhwa (KP) government has spent Rs 127.533 million during the current fiscal year under the ADB-funded food security support project to promote climate-smart agriculture and strengthen institutional capacity in the flood-affected districts. According to documents available with Wealth Pakistan, the project, scheduled to be completed on June 30, 2028,…

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Nutrition initiative benefits over 360,000 adolescent girls

ISLAMABAD, Apr 09 (ABC): More than 360,000 adolescent girls have benefited from a dedicated health and nutrition initiative under the ‘Social Protection for Health and Climate Resilience’ project implemented by the Benazir Income Support Programme (BISP). According to documents available with Wealth Pakistan, the initiative by German Development Bank KfW was implemented in six selected…

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CTO Islamabad hints crackdown against overcharging transporters

ISLAMABAD: Newly appointed Chief Traffic Officer (CTO) Islamabad, Muhammad Sarfraz Virk, on Tuesday reaffirmed his commitment to enforcing strict legal action against transporters overcharging passengers, vowing zero tolerance for fare violations. While chairing his first important meeting since assuming charge as CTO, Mr. Virk stated that facilitating citizens is among his top priorities. According to…

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NARC’s Lentil-24 variety shows strong performance in field trials

ISLAMABAD, Apr 08 (ABC): The National Agricultural Research Centre (NARC) has developed a high-yielding lentil variety, NARC Lentil-24, which is performing well in field trials. “The new variety is expected to significantly boost productivity across the country, enhancing farm incomes and strengthening food security,” Dr. Shahid Riaz Malik, Principal Scientific Officer and Program Leader at…

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Work on CPEC-linked Yarikh–Sagu Motorway set to begin in May

ISLAMABAD, Apr 08 (ABC): Construction on the Yarikh–Sagu Motorway (Package-I) is expected to resume from May this year. According to documents available with Wealth Pakistan, the 50-kilometre, four-lane CPEC-linked project, initiated on June 16, 2023, has so far achieved 12.02% progress. The National Highway Authority Executive Board has assigned the remaining construction work to M/s…

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