Prime Minister Shehbaz announces that Balochistan’s allocation in the NFC award has been doubled.
On Thursday, Prime Minister Shehbaz Sharif declared a substantial augmentation of Balochistan’s allocation in the National Finance Commission (NFC) award, affirming the government’s dedication to enhancing the province through development initiatives that reflect the desires of its populace.
During the foundation stone laying ceremony of the Jinnah Square Murree Road Underpass project in Islamabad, the prime minister reaffirmed his government’s dedication to equitable development throughout all provinces.
Mr. Sharif stated, “Balochistan is an essential component of Pakistan,” further asserting that “the initiatives being implemented there reflect the sentiments of the populace.” The formerly lethal route that resulted in numerous fatalities is currently being converted into a contemporary highway.
The premier did not provide the precise figures or timing for the increased NFC allocation but referred to it as a “doubling” of the province’s prior portion.
‘Pakistani velocity’
Mr. Sharif emphasised development endeavours in the federal capital, commending current infrastructure projects such as road expansions and beautification efforts, asserting that Islamabad is progressing towards being “a cradle of progress, beauty, and amenities.”
He commended Interior Minister Mohsin Naqvi for the rapidity of progress, stating, “This is not Shahbaz speed or Mohsin Naqvi speed—it is Pakistan speed.”
He additionally observed that the enhancement in traffic flow and the city’s aesthetic attractiveness was apparent, especially in the “spring of flowers” flourishing around the capital.
Upgrade of Fitch Ratings
Mr. Sharif referenced a recent economic advancement as a testament to the government’s efficacy, noting Fitch’s elevation of Pakistan’s outlook from ‘CCC’ to ‘B−’, accompanied by a stable forecast.
The prime minister stated, “This is the outcome of collaborative efforts and teamwork.” “Allah has granted us a degree of economic stability.” With the same strength, confidence, and determination that Team Pakistan has demonstrated in overcoming adversities, we shall advance on the trajectory of growth and prosperity.
Infrastructure development in Islamabad
Interior Minister Mohsin Naqvi announced at the ceremony that the Jinnah Square underpass project would be finalised in 35 days, rather than the initially projected 60 days.
He stated that construction had begun at Faisal Masjid Chowk to alleviate traffic congestion and that the long-anticipated parking facility in the Blue Area was also being made operational.
