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Rs140m tourism projects planned to boost hospitality sector

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ISLAMABAD, April 13 (ABC): The Ministry of Inter-Provincial Coordination has planned three tourism initiatives worth Rs140 million under the Public Sector Development Programme (PSDP) 2026-27.

According to official documents available with Wealth Pakistan, the government has allocated Rs70 million for capacity building of stakeholders in the tourism and hospitality sector. The initiative focuses on improving service quality, enhancing professional standards, and aligning the sector with international best practices. It also aims to improve customer experience and strengthen overall service delivery.

The ministry has proposed another project worth Rs30 million to conduct a feasibility study for establishing an eco-friendly tourist resort in Islamabad. The study will explore sustainable tourism opportunities while ensuring environmental protection and efficient use of resources. This initiative reflects the increasing global focus on environmentally responsible tourism development.

In addition, the government has earmarked Rs40 million to establish modern tourist facilitation centres at Islamabad International Airport. These centres will provide essential services, information, and guidance to incoming tourists. The initiative aims to improve the travel experience at one of the country’s main entry points and create a positive first impression for visitors.

The three projects form part of a broader strategy to promote tourism through targeted planning and infrastructure development. The ministry aims to gradually strengthen the tourism sector by focusing on capacity building and service improvement.

Officials believe that these initiatives will help improve the overall tourism landscape in Pakistan. Better services and improved facilities are expected to boost visitor confidence and attract more tourists in the coming years.

The execution of these projects will also support long-term growth in the tourism and hospitality sector. According to the documents, the initiatives are expected to contribute to sectoral development by June 2028.

Iran’s Strategic Resilience

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By Gulsameen Hassan

Iran’s confrontation with the United States and its allies is not a recent development triggered by the events of February 2026. Instead, it reflects a long historical trajectory shaped by foreign intervention, internal transformation, and strategic positioning. The current escalation must be understood within this broader context, where past policies and present realities intersect to define Iran’s posture toward the West.

Historical Roots of External Intervention

Iran’s struggle for sovereignty over its resources dates back to the early 20th century. In 1901, British investor William Knox D’Arcy secured extensive oil exploration rights from the Qajar monarchy. This concession marked the beginning of foreign dominance over Iran’s oil sector and limited the country’s economic autonomy for decades.

The situation changed significantly under Mohammad Mosaddegh, who nationalized the oil industry in 1951. His decision aimed to restore economic control to Iran, but it also provoked strong opposition from Britain and the United States. In 1953, a coup—widely attributed to Western intelligence agencies—removed Mosaddegh from power and reinstated the monarchy under Mohammad Reza Pahlavi.

During the subsequent decades, the Shah pursued rapid modernization and strengthened ties with Western powers. However, this approach alienated segments of Iranian society, particularly religious groups and those opposed to foreign influence.

The Islamic Revolution and Strategic Shift

The 1979 Islamic Revolution fundamentally transformed Iran’s political system. Led by Ruhollah Khomeini, the revolution replaced the monarchy with a theocratic state based on Islamic principles. This shift redefined Iran’s domestic and foreign policy orientation.

Since then, relations between Iran and the United States have remained strained. Disputes over Iran’s nuclear program, regional influence, and sanctions have sustained a cycle of confrontation. Agreements such as the Joint Comprehensive Plan of Action temporarily eased tensions, but the U.S. withdrawal in 2018 revived economic pressure on Tehran.

Geography as a Strategic Advantage

Iran’s resilience also stems from its geographic position. It lies at the crossroads of the Middle East, Central Asia, and South Asia, giving it regional connectivity and strategic depth.

More importantly, Iran exerts influence over the Strait of Hormuz, a critical chokepoint for global energy supply. Approximately one-fifth of the world’s oil trade passes through this narrow waterway. Control over such a vital route allows Iran to exert significant pressure during periods of conflict.

The 2026 Conflict and Hormuz Crisis

The latest phase of confrontation began in late February 2026, when U.S. and Israeli forces conducted strikes on Iranian targets. Iran responded with missile and drone attacks, marking a rapid escalation.

Tehran also restricted movement in the Strait of Hormuz, disrupting global shipping routes. Tanker traffic declined sharply, and many vessels were forced to reroute or delay operations. Although a temporary ceasefire emerged in early April, it did not restore normalcy in the region.

Iran continues to monitor maritime activity closely and has signaled that any perceived military threat in the strait will prompt a response. This situation keeps global energy markets under pressure and raises concerns about prolonged instability.

Diplomatic Efforts and Their Limitations

Regional actors have attempted to de-escalate the crisis through diplomacy. Pakistan hosted talks between U.S. and Iranian representatives in Islamabad, aiming to facilitate dialogue and reduce tensions.

Despite these efforts, negotiations failed to produce a breakthrough. Both sides maintained firm positions, reflecting deep-rooted mistrust and conflicting strategic objectives. The collapse of these talks underscores the difficulty of resolving the crisis through conventional diplomatic channels.

Iran’s Strategy of Asymmetric Resistance

Iran has adopted a strategy that relies on asymmetry rather than direct confrontation. Instead of matching the military capabilities of the United States, it leverages alternative tools to maintain strategic balance.

These include:

  • Control of key maritime routes
  • Deployment of fast attack boats and naval mines
  • Use of drones and missile systems
  • Support for regional allies

This approach enables Iran to impose costs on stronger adversaries while avoiding large-scale conventional warfare. Even after sustained military pressure, Iran retains the ability to disrupt activity in the Gulf, reinforcing its deterrence posture.

Global Implications of the Crisis

The ongoing conflict has far-reaching global consequences. Disruptions in the Strait of Hormuz have tightened oil supply and increased price volatility. Shipping delays have added to logistical challenges for international trade.

Beyond economic effects, the crisis also heightens geopolitical risks. Any further escalation could draw additional regional and global actors into the conflict, increasing the likelihood of a broader confrontation.

Conclusion

Iran’s resilience against Western pressure is rooted in a combination of historical experience, strategic geography, and adaptive military doctrine. The events of 2026 highlight how these factors continue to shape the balance of power in the Middle East.

While diplomatic efforts remain ongoing, the situation remains fragile. The outcome of this crisis will depend not only on immediate negotiations but also on the willingness of all parties to address the deeper structural tensions that have defined their relationship for decades.

The author is a student at Law College, University of Turbat. 

KP spends Rs127.53m on ADB food security project in flood-hit districts

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ISLAMABAD, April 12 (ABC): The Khyber Pakhtunkhwa (KP) government has spent Rs127.533 million during the current fiscal year on an ADB-funded Food Security Support Project in flood-affected districts, according to documents available with Wealth Pakistan.

Project scope and timeline

The Agriculture Department is implementing the project, and it will continue until June 30, 2028. The project has a total commitment of $79 million. So far, authorities have disbursed $15.10 million (19%), while $64.30 million (81%) remains to be released.

Meanwhile, the local share stands at Rs1.427 billion. In addition, the foreign cost amounts to Rs23.698 billion.

Financial progress and allocation

So far, the project has recorded a cumulative expenditure of Rs948.268 million. At the same time, the government has allocated Rs6.802 billion for the fiscal year 2025-26.

Climate-smart agriculture initiatives

Under this project, authorities are promoting climate-smart and resilient farming practices. They are providing fertilizers and seeds, including wheat, rice, and DAP, on a 50% cost-sharing basis.

Moreover, officials are training farmers in the safe and efficient use of fertilizers and climate-adaptive seeds. As a result, farmers can improve productivity and reduce risks linked to climate change.

Support for female farmers

The programme also targets women in agriculture. It provides vegetable packages and training in kitchen gardening, food processing, and preservation.

As part of this effort, authorities plan to train around 53,000 female farmers. Therefore, the initiative aims to strengthen household food security and rural livelihoods.

Institutional capacity and digital systems

In addition, the project focuses on strengthening institutional capacity and disaster preparedness. Authorities are developing a unified digital database of farmers in non-project districts.

Furthermore, they are introducing an e-subsidy system to improve transparency and efficiency.

Additional components

The project also supports the seed industry. For this purpose, authorities have proposed a speed breeding facility.

At the same time, they are introducing an ICT-based pest surveillance system for plant protection. The plan also includes support for project management and operational activities.

Procurement and approvals

Currently, officials are revising the PC-I. However, they are still awaiting No Objection Letters (NOLs) from the Asian Development Bank.

Meanwhile, they have submitted revised technical and budget evaluation reports for DAP fertilizer procurement to the ADB. They have also shared revised proposals for individual consultants and an IT firm.

In the next step, authorities will re-advertise wheat seed procurement. In addition, they are waiting for the ADB’s response on CSO-1 regarding either the issuance of an NOL or the reopening of the process.

The Chief Agriculture Department is now reviewing the proposal for the speed breeding facility.

Expected impact

Officials expect that the project will improve food security in flood-hit districts. Moreover, it will strengthen agricultural resilience against climate shocks.

Overall, the initiative will help increase farmers’ productivity. Consequently, it will support sustainable agricultural growth and improve rural livelihoods in Khyber Pakhtunkhwa.

EOBI portfolio reaches Rs691.91bn as fixed-income assets lead returns

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ISLAMABAD, April 12 (ABC): The Employees’ Old-Age Benefits Institution’s (EOBI) investment portfolio reached Rs691.91 billion by February 28, 2026. Fixed-income instruments continued to dominate the fund’s asset mix and income generation, according to documents available with Wealth Pakistan.

Fixed-income assets dominate portfolio

The EOBI holds Rs592.12 billion in fixed-income assets. These account for 85.58% of the total portfolio. Pakistan Investment Bonds (PIBs) form the largest share at Rs540.35 billion. Accrued profit on PIBs stands at Rs49.61 billion, while corporate fixed income totals Rs2.16 billion.

This allocation reflects the institution’s focus on stable and predictable income streams. The strategy supports long-term pension liabilities.

Equity exposure remains limited

Equity investments form a smaller portion of the portfolio. Available-for-sale equity stands at Rs26.38 billion. Held-for-trading equity amounts to Rs14.86 billion.

Total equity holdings reach Rs41.24 billion. This represents 5.96% of the overall portfolio.

Real estate provides additional support

Real estate is the third major component of the investment base. Properties are valued at Rs42.36 billion. Real estate projects account for Rs16.20 billion.

Combined real estate exposure stands at Rs58.55 billion. This equals 8.46% of the total portfolio.

Income performance exceeds targets

The documents show strong income generation from these assets. For FY2025-26, total investment income is budgeted at Rs78.89 billion.

From July 2025 to February 2026, actual income reached Rs56.45 billion. The budgeted figure for the same period was Rs52.59 billion.

Fixed income leads earnings

Fixed-income investments generated the largest share of income. They produced Rs47.15 billion during July–February. The budget target for this segment was Rs45.39 billion.

Equity also contributed to earnings. Dividend income stood at Rs4.79 billion. Capital gains reached Rs3.75 billion. Total equity income came to Rs8.54 billion.

Real estate added steady returns. Rental income reached Rs764 million during the period. This matched the budgeted figure.

Receipts and expenditures overview

The receipts and expenditures statement provides further details. Total receipts from July 2025 to January 2026 stood at Rs96.68 billion. Budget estimates for the period were Rs99.00 billion.

Contribution revenues reached Rs48.61 billion. Investment income stood at Rs48.07 billion. This shows that investment returns now nearly match contribution inflows.

Total expenditures for the period came to Rs44.62 billion. Pension disbursements accounted for Rs42.01 billion.

Management expenses remained low. They stood at 1.40% of receipts, below the budgeted 2.22%.

Portfolio structure supports sustainability

The portfolio structure highlights the role of fixed-income assets in sustaining the fund. These investments generate most of the returns and support pension payments. Equity and real estate continue to play a supplementary role in overall performance.

Daycare centres proposed in ICT, AJK, GB under Rs2.87bn human rights project

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ISLAMABAD, April 10 (ABC): The Ministry of Human Rights has proposed setting up daycare centres in Islamabad Capital Territory (ICT), Azad Jammu and Kashmir (AJK), and Gilgit-Baltistan (GB) under a Rs2.87 billion project to promote human rights and women’s development.

According to documents available with Wealth Pakistan, the initiative falls under the “Umbrella PC-I: Human Rights & Women Development Initiatives.” The project includes several components to strengthen institutions, promote gender equality, and support working women.

Daycare centres for working women

The proposal allocates around Rs570 million for establishing daycare centres in ICT, AJK, and GB. These centres will provide safe childcare facilities, especially for women working in public-sector institutions.

The initiative aims to help women balance work and family responsibilities. It also seeks to increase female participation in the workforce. The document shows that the Departmental Development Working Party (DDWP) approved this component in April 2025.

Federal Institute of Human Rights

The project also proposes setting up the Federal Institute of Human Rights (FIHR) with an estimated cost of about Rs1.5 billion. The institute will serve as a national platform for research, training, and policy development in the human rights sector.

It will organise training programmes, seminars, and conferences. It will also support evidence-based policymaking and improve coordination among institutions.

Gender equality programme

Another key component is the Gender Equality and Women Empowerment Programme, with an estimated allocation of around Rs800 million. This programme will promote awareness of women’s rights and strengthen gender-responsive policies.

It will also improve institutional mechanisms for the protection and empowerment of women. In addition, it will encourage community-level engagement on gender issues.

Project impact

Once approved, the project will strengthen Pakistan’s human rights framework. It will also address structural barriers faced by women through practical steps, including access to childcare facilities.

Lahore heritage restoration gains pace as key projects reviewed

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LAHORE, April 9 (ABC): Authorities reviewed progress on major heritage conservation projects in Lahore, focusing on restoration work at key sites including the Lahore Fort, Wazir Khan Mosque and adjoining areas of the Walled City.

Officials from the Aga Khan Cultural Service – Pakistan (AKCS-P) and the Walled City of Lahore Authority (WCLA) held a detailed meeting to assess ongoing work, discuss challenges, and outline future strategies. Participants included AKCS-P Chairman Akbar Ali Pesnani, CEO Tausif Khawaja, board members, and WCLA Director General Najmus Saqib.

The meeting examined joint conservation efforts and explored ways to strengthen technical practices, improve coordination, and promote sustainable development alongside heritage preservation.

Extensive restoration underway at Wazir Khan Mosque

Authorities highlighted significant progress at the Wazir Khan Mosque, one of Lahore’s most prominent Mughal-era landmarks. Restoration teams carried out structural consolidation of domes, walls, and foundations to stabilise the historic structure.

They also restored floors, lime plaster, rooftops, and parapets using traditional materials and techniques. Conservation experts worked to preserve original architectural elements while ensuring long-term durability.

Officials noted that conservation efforts extended beyond the mosque building. Teams rehabilitated the surrounding neighbourhood, which had faced deterioration over time. They restored historic houses along the southern side of Chowk Wazir Khan and conserved smaller monuments and façades within the square.

Authorities plan further interventions at the site. These include conservation of the north-west and south-west minarets and restoration of frescoes inside the prayer chamber. They also aim to redevelop the southern neighbourhood, including façade improvements of selected properties such as the WCLA office.

Officials said these efforts aim to transform the mosque and Chowk Wazir Khan into a vibrant cultural, tourism and community space.

Sheesh Mahal restoration advances with specialised techniques

The meeting also reviewed progress on conservation projects at the Lahore Fort, supported by the Agence Française de Développement (AFD). Work at the Sheesh Mahal, known for its intricate mirror work, has moved forward in phases.

Teams completed site assessments and emergency stabilisation to address structural risks. Experts conducted laboratory testing to identify suitable conservation materials and ensure compatibility with the original structure.

Authorities trained skilled labour in traditional stucco techniques, which are now being applied in restoration work. They also undertook specialised efforts to recreate the original mirror elements of the palace.

To achieve this, experts revived a closed industrial unit in Shikarpur to manufacture custom-made convex mirrors that match the historic design. Officials described this step as critical for maintaining authenticity in restoration.

Workers addressed structural damage by applying grouting to fill voids and cracks in walls and ceilings. This process strengthened the structure and helped prevent water infiltration.

Picture Wall conservation nears completion

At the Picture Wall of the Lahore Fort, one of the largest mural walls in the world, conservation work has reached its final stages.

Teams reconstructed panel impressions and carried out brick imitation to match the original construction style. Conservation experts also retraced and repainted frescoes across numerous panels with careful attention to original patterns and colours.

Officials said the work preserved the artistic integrity of the wall while reinforcing its structural stability.

Commitment to expand heritage conservation efforts

Participants reaffirmed their commitment to strengthen collaboration between AKCS-P and WCLA. They emphasised the need to expand conservation efforts to additional heritage sites and cities across Pakistan.

The meeting also discussed potential joint initiatives involving the Department of Archaeology to enhance institutional coordination and support long-term preservation of historic assets.

Officials noted that continued collaboration, use of traditional craftsmanship, and adoption of international best practices remain central to safeguarding Lahore’s architectural heritage.

Rs85.5bn spent on Balochistan road projects under CPEC in three years

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ISLAMABAD, April 9 (ABC): Nine major road projects in Balochistan under the China-Pakistan Economic Corridor (CPEC) have utilized Rs85.49 billion out of a total allocation of Rs191.67 billion under the Public Sector Development Program (PSDP) from 2022-23 to 2025-26, according to an official document available with Wealth Pakistan.

The projects are currently underway in the western zone of Balochistan. Their financial and physical progress varies across different sections.

Major projects account for bulk of spending

The Khuzdar–Kuchlak N-25 (330 km) project holds the largest share among all schemes. Authorities allocated Rs60.6 billion for this project, of which Rs28.98 billion has already been utilized.

Two other major sections — Karachi–Kararo & Wadh–Khuzdar N-25 (273 km) and Kararo–Wadh and Kuchlak–Chaman N-25 (187 km) — have each received allocations of Rs33 billion. So far, expenditures stand at Rs8.69 billion and Rs7.67 billion, respectively.

These projects form a significant part of the overall road infrastructure plan under CPEC in the province.

Advanced sections show strong progress

The Awaran–Naal M-8 (168 km) section shows notable progress. It has utilized Rs19.01 billion out of its total allocation of Rs23.03 billion. This makes it one of the most advanced projects in terms of financial utilization.

Other ongoing schemes also show steady progress. The Hoshab–Awaran M-8 (146 km) project has consumed Rs5.25 billion out of Rs11.29 billion.

Similarly, the Nokundi–Mashkel (103 km) section has recorded spending of Rs4.85 billion from its allocation of Rs7.36 billion.

The Quetta Western Bypass N-25 (22.7 km) project has utilized Rs3.27 billion against a total allocation of Rs5.91 billion.

Remaining projects continue gradual execution

The Basima–Khuzdar N-30 (106 km) project has spent Rs3.66 billion out of Rs5.90 billion allocated for it.

Meanwhile, the Zhob–Kuchlak N-50 (298 km) section has utilized Rs4.11 billion from its total allocation of Rs11.58 billion.

All these projects remain under execution, with spending levels reflecting different stages of progress.

Connectivity improvement remains key objective

These road projects aim to improve connectivity across Balochistan, especially along the western route of CPEC.

Better road infrastructure is expected to facilitate trade and reduce travel time. It will also improve access to remote areas and support regional economic integration.

The document indicates that development work continues across all sections, with progress linked to fund utilization and project execution timelines.

Nutrition initiative benefits over 360,000 adolescent girls

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ISLAMABAD, April 08 (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 official documents available with Wealth Pakistan, the initiative, supported by the German Development Bank KfW, was implemented in six selected districts. It focused on improving the health and nutritional status of girls aged 13 to 19, particularly in vulnerable and climate-affected areas.

Under the programme, eligible participants received conditional cash transfers of up to Rs2,000 per quarter. The financial assistance was linked to compliance with key health conditions. These included regular intake of iron and folic acid supplements and participation in awareness sessions on nutrition and wellbeing.

The measures aimed to address widespread micronutrient deficiencies among adolescent girls. They also promoted healthier lifestyles through preventive care and improved awareness.

The initiative initially set a target to reach around 104,303 girls by mid-2025. However, it exceeded this target by a wide margin. A total of 361,459 beneficiaries have already been enrolled under the programme.

Out of the total beneficiaries, more than 124,000 were newly registered participants. This increase reflects the programme’s expansion and wider outreach in targeted districts.

The intervention was implemented with a total allocation of €2 million. It formed a key component of the broader Social Protection for Health and Climate Resilience project in Pakistan.

The project aims to integrate social protection measures with health and climate resilience strategies. It focuses on protecting vulnerable populations from the adverse effects of climate change.

By targeting adolescent girls at a critical stage of development, the initiative supports improved long-term health outcomes. These include better maternal health, reduced malnutrition, and stronger community resilience.

The programme highlights a growing policy focus on preventive healthcare and social protection. It also reflects efforts to strengthen human development indicators in climate-affected regions of the country.

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

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ISLAMABAD, April 07 (ABC): The National Agricultural Research Centre (NARC) has developed a high-yielding lentil variety, NARC Lentil-24. The new variety is showing strong performance in field trials.

“The new variety will significantly boost productivity across the country. It will also enhance farm incomes and strengthen food security,” said Dr. Shahid Riaz Malik, Principal Scientific Officer and Program Leader at NARC, while talking to Wealth Pakistan.

High yield and climate resilience

He said NARC Lentil-24 offers high yield potential along with climate resilience. It also shows resistance to multiple diseases and features improved plant architecture.

As a result, farmers can use mechanised harvesting more efficiently. Moreover, the variety has wide adaptability and performs well across different agro-ecological zones and cropping systems in Pakistan.

Untapped potential in pulses sector

Dr Shahid noted that pulses cover around 1.16 million hectares. This accounts for about 5% of Pakistan’s total cropped area, while cereals dominate 56%.

He said major pulses grown in Pakistan include chickpea, lentil, mung bean, mash, and kidney beans. The country’s total cropped area stands at 22.51 million hectares.

He stressed that the pulses sector offers strong growth potential. Although farmers mostly grow pulses under rainfed conditions, this also creates opportunities for innovation and better farm management.

Wide yield gap highlights opportunity

Dr Shahid explained that a significant yield gap exists in the pulses sector. The national average yield stands at around 553 kg per hectare.

However, progressive farmers already achieve nearly 1,500 kg per hectare. In some cases, yields can reach up to 3,000 kg per hectare.

“This variation shows the vast untapped potential in the sector. It also highlights the role of improved seeds, better practices, and modern technologies in increasing productivity,” he said.

Need for modern technology and better inputs

He emphasised that expanding access to quality seeds, mechanisation, and efficient irrigation can transform the sector. In addition, stronger extension services and improved post-harvest management will help boost output.

He also highlighted the importance of advanced breeding and genetic innovation. These include climate-resilient and high-yielding varieties developed through genomics, speed breeding, and artificial intelligence.

Focus on innovation and partnerships

Dr Shahid said NARC is already making progress in this area. The organisation promotes improved crop management practices, water-use efficiency, and climate-smart agriculture.

He added that strengthening seed production and supply systems remains essential. Authorities should ensure timely availability of quality seeds while improving certification and quality control mechanisms.

He also pointed to the growing potential of value-added processing and food innovation. Pulse-based products can benefit from rising domestic and global demand, especially for plant-based protein alternatives.

Call for collaboration

He called for stronger national and international collaboration in research. He also stressed the need for effective knowledge transfer to farmers.

Such coordinated efforts will help accelerate growth in Pakistan’s pulses sector.

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

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ISLAMABAD, April 7 (ABC): Construction work on the Yarikh–Sagu Motorway (Package-I) will likely resume in May this year. Authorities plan to restart the project after completing key preparatory steps.

According to documents available with Wealth Pakistan, the 50-kilometre, four-lane CPEC-linked project started on June 16, 2023. So far, it has achieved only 12.02% progress.

New contractor to take over remaining work

The National Highway Authority Executive Board has assigned the remaining construction work to M/s Umer Jan & Co JV Mina Construction Company. The firm will complete all pending work on the project.

Officials expect documentation, joint measurements, and mobilisation of the new contractor to take around two months. After that, construction activities will begin in May.

Revised timeline and project cost

The project carries an overall PC-I cost of Rs76,486 million. Meanwhile, the Package-I contract cost stands at Rs22,886 million.

Authorities initially planned to complete the project by June 15, 2025. However, delays forced them to revise the completion date to May 3, 2028.

Funding allocated under PSDP

For FY2025-26, the government has allocated Rs1,000 million for the project under the Public Sector Development Programme (PSDP). This allocation will support the resumption and continuation of construction work.