Pakistan is preparing its 2026-27 budget with an IMF-linked reform programme, aiming to lift defence spending by about PKR 100 billion. Defence expenditure is estimated at PKR 2.665 trillion, up from PKR 2.564 trillion this year. The IMF projects federal revenues to climb to PKR 17.144 trillion, over PKR 2 trillion higher than the current year, alongside a 13.5% increase. The plan also includes digitising all federal and provincial payments by June 2027, identifying 10 corruption-prone institutions, and strengthening provincial anti-corruption agencies.
Crown Worldwide Group will invest an additional $30 million in India over the next two years, expanding its capacity in a fast-growing market. The plan includes a new integrated storage and information management facility in Coimbatore, aimed at meeting rising demand for secure storage and digitisation services.
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The Department of Financial Services held a key colloquium in Vigyan Bhavan to tackle the backlog in debt recovery cases. Officials discussed mandatory e-filing, hybrid hearings, and a rollout of e-DRT 2.0, alongside training for tribunal staff and tighter bank oversight. The plan also prioritises high-value matters and uses Lok Adalats and mediation to speed outcomes, with BAANKNET e-auctions improving transparency.
Speaking on Economic Times, Prakash Javadekar asserted that the government’s commitment to press freedom and the autonomy of public broadcasting is “absolute.” On digitisation, he said decisions on stage three and stage four will be taken only after considering multiple factors, signaling a cautious, step-by-step approach rather than an immediate rollout.
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