• About
  • Advertise
  • Privacy & Policy
  • Contact
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
No Result
View All Result
Home Economy

‎Senate panel raises concern over rising unemployment, reviews PSDP proposals for FY 2026–27

by Sub News
March 10, 2026
‎Senate panel raises concern over rising unemployment, reviews PSDP proposals for FY 2026–27
Share on WhatAppShare on XShare on Facebook

‎‎Islamabad, March10,2026: ‎The meeting of Senate Standing Committee on Planning, Development and Special Initiatives presided over by Senator Shahadat Awan at Parliament House to deliberate on a resolution calling upon the government to take effective measures to control unemployment in the country and to review the Public Sector Development Programme (PSDP) budgetary proposals of the Ministry of Planning, Development and Special Initiatives for the Financial Year 2026–27.

‎The meeting was attended by Senator Jam Saifullah Khan, Senator Atta Ur Rehman, Senator Saadia Abbasi and Senator Manzoor Ahmad, while Senator Syed Faisal Ali Subzwari participated virtually via online link. Senator Muhammad Talha Mahmood attended the meeting as mover of the resolution.

‎The Committee reviewed the PSDP budgetary proposals of the Ministry for FY 2026–27 and was informed that the Ministry has not proposed any new projects for the upcoming financial year. However, it is currently executing 21 PSDP projects, ranging from institutional capacity building of the Planning Ministry to programmes aimed at economic and youth development.

‎The Committee took note of the significant increase in the PSDP allocation compared to the current year and was informed that a major portion of the proposed budget would be utilized for the purchase of land for the Pakistan Institute of Development Economics (PIDE) campus in H-16, Islamabad, and the construction of the Plan House.

‎Members of the Committee raised concerns regarding the perceived research gap in PIDE and suggested strengthening the Economics Department of Quaid-i-Azam University instead. The Chair directed the Secretary Planning to ensure the presence of a PIDE representative in the next meeting and to provide a comprehensive briefing on the institute’s performance, research output and institutional capacity.

‎The Committee members also expressed concern over the absence of the Federal Minister for Planning and emphasized that the Minister should attend meetings of the Standing Committee to ensure effective parliamentary oversight.

‎The Committee was further briefed on several PSDP initiatives including the Centre of Excellence for CPEC, the Prime Minister’s Youth Internship Programme, the Post-Flood 2022 Reconstruction Programme (IFRAP) and the Rising Together Project for the uplift of 20 poorest districts of Pakistan. Officials informed the Committee that CPEC 2.0 will primarily focus on livelihood-strengthening initiatives.

‎The Committee was also informed that the Federal Government is engaged in housing reconstruction, rehabilitation and rebuilding of damaged infrastructure in Balochistan, following the model adopted in Sindh after the devastating floods of 2022.

‎‎Members stressed the need for transparency and effective implementation of development projects. The Chair reiterated that the Standing Committee would actively monitor PSDP projects during their execution phase and directed the relevant authorities to regularly update the Committee on the progress and impact of development initiatives in underdeveloped areas of Khyber Pakhtunkhwa and Balochistan.

‎‎The Committee also received a detailed briefing on the resolution regarding measures to control unemployment in Pakistan. Officials informed that the unemployment rate has increased from 6.2% in 2020–21 to 7.1% in 2024–25. The government has launched several initiatives including youth internship and training programmes to enhance skills development and facilitate the export of skilled labour.

‎‎Members of the Committee expressed serious concern over heavy taxation on exports, multiple regulatory NOCs required for establishing industries, lack of long-term economic policies and the growing trend of brain drain. The Committee recommended the introduction of an integrated NOC mechanism for industrial establishment, the promotion of a business-friendly environment, policy continuity, and a stronger focus on export-led growth to generate sustainable employment opportunities.

‎‎The Convenor of the committee directed that the matter would be taken up in greater detail in subsequent meetings, after which the Committee will present comprehensive recommendations to address unemployment and strengthen economic growth.

‎‎The discussion on a motion regarding the exit of multiple companies from Pakistan and its adverse impact on foreign direct investment (FDI) was deferred at the request of the mover.

Tags: FY 2026-27IslamabadMinistry of Planning and Special InitiativesPakistanPakistan Institute of Development EconomicsPIDEPlan HousePSDPPSDP projectsPublic Sector Development ProgrammeSenate standing committeeSenate Standing Committee on Planning Development and Special InitiativesSenator Atta Ur RehmanSenator Jam Saifullah KhanSenator Saadia AbbasiSenator Shahadat AwanSenator Syed Faisal Ali Subzwari
Previous Post

Ishaq Dar chairs meeting to review implementation of austerity measures at Foreign Ministry

Next Post

Pakistan–Serbia Parliamentary Friendship Group holds first briefing session at Parliament House

Related Posts

Jamaat-e-Islami Punjab launches province-wide membership drive from April 25
Political

Jamaat-e-Islami Punjab launches province-wide membership drive from April 25

Islamabad, April 24, 2026: The Jamaat-e-Islami (JI) Punjab chapter has announced a province-wide membership and public outreach campaign starting April...

by Sub News
April 24, 2026
Pakistan meets majority of IMF targets ahead of next loan tranche decision
Business

Pakistan meets majority of IMF targets ahead of next loan tranche decision

Islamabad, April 24, 2026: Pakistan has met 14 out of 17 key quantitative performance criteria and indicative targets set under...

by Sub News
April 24, 2026
Pakistan repays $3.45bn UAE deposits, raising external financing pressures
Business

Pakistan repays $3.45bn UAE deposits, raising external financing pressures

Karachi, April 24, 2026: The State Bank of Pakistan (SBP) on Friday confirmed it has fully repaid $3.45 billion in...

by Sub News
April 24, 2026
Pakistan LNG Limited issues first spot LNG tender since 2023 amid supply crunch
Business

Pakistan LNG Limited issues first spot LNG tender since 2023 amid supply crunch

Islamabad, April 23, 2026: Pakistan LNG Limited has issued its first spot liquefied natural gas (LNG) tender since December 2023,...

by Sub News
April 23, 2026
Next Post
Pakistan–Serbia Parliamentary Friendship Group holds first briefing session at Parliament House

Pakistan–Serbia Parliamentary Friendship Group holds first briefing session at Parliament House

Breaking News

  • Amir and Faheem fined after on-field clash in PSL 11 match
  • FIA launches crackdown after tragic boat incidents; special anti-human trafficking drive ordered
  • Aamir Sohail clarifies remarks on Karachi, offers apology after social media backlash
  • PSL 11: Islamabad United opt to field against Hyderabad Kingsmen in crucial clash
  • Dar chairs high-level review of regional, global developments at Foreign Office
Sub News

© 2026 subnewsenglish.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC

© 2026 subnewsenglish.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.