Acting President Syed Yousuf Raza Gilani holds meetings at Aiwan-e-Sadr


Islamabad: Acting President Syed Yousuf Raza Gilani on Tuesday held separate meetings with religious, political and literary personalities at Aiwan-e-Sadr. Among those who called on the Acting President were Shahzada Murad Nazir, of Darbar Mohra Sharif, Murree, former MPA Mian Jhangir Pirzada Bhutta, Mr Faisal Sakhi Butt and Rao Waqas, a press release issued by the President House Media Wing said.



Mr. Gilani also met poet Mr Rahman Faras, who presented copies of his books to him. The Acting President appreciated his literary contributions and wished him continued success. During the meetings, matters of mutual interest, the overall national situation and issues relating to public welfare came under discussion.



Yousuf Raza Gilani also referred to the forthcoming visit of the Secretary General of the Muslim World League (Rabita-e-Alam-e-Islami), Sheikh Dr. Mohammed Al-Issa, later this week. He expressed the confidence that the visit would further strengthen efforts to promote interfaith harmony and tolerance in the country.



PM Shehbaz approves four-year Hajj policy, orders transparent appointments, digital reforms


Islamabad: Prime Minister Shehbaz Sharif on Tuesday approved Pakistan’s first-ever four-year Hajj Policy and Plan (2027-2030), directing authorities to ensure transparent, merit-based appointments of Hajj assistants and third-party validation of both government and private Hajj operations to improve services for pilgrims.



The prime minister while chairing a meeting of the federal cabinet here, endorsed the long-term Hajj framework aimed at improving planning, operational efficiency and facilities for intending pilgrims. The cabinet also commended Federal Minister for Religious Affairs Sardar Muhammad Yousaf and his team for what it described as the successful management of Hajj arrangements this year, a Prime Minister’s Office news release said.



The cabinet was informed that, unlike previous annual policies, the new framework provides a four-year roadmap to facilitate long-term planning. Standard operating procedures and other regulations will be developed for its implementation, while amendments will be made whenever necessary to ensure compatibility with Saudi laws and regulations.



Under the approved policy, intending pilgrims will be able to register once for any Hajj season up to 2030 instead of undergoing annual registration, enabling the preparation of a priority waiting list. A Shariah-compliant Hajj savings scheme will also be introduced to help citizens plan financially for future pilgrimages.



The prime minister was informed that the entire Hajj management system, including payments, complaints handling and monitoring, would be digitised to enhance transparency and efficiency.



The policy also provides separate quotas for government and private Hajj schemes, introduces both long and short Hajj packages, and includes mandatory pilgrim training, Takaful coverage and emergency response arrangements.



During the meeting, Prime Minister Shehbaz Sharif directed that the appointment of Hajj assistants be carried out through a transparent and strictly merit-based process. He also instructed authorities to ensure independent third-party validation of services provided under both the public and private Hajj schemes.



The cabinet also approved a policy for outsourcing the services of the Isolation Hospital and Infectious Treatment Centre (IHITC) and the Regional Blood Centre (RBC) in Islamabad to improve the delivery of quality healthcare services. The Ministry of National Health Services was directed to complete the outsourcing process in accordance with the prescribed rules and regulations.



The cabinet also reviewed the performance of Pakistan Railways during a briefing by Railways Minister Hanif Abbasi.



Members were informed that railway revenues had increased from Rs95 billion in 2024-25 to more than Rs115 billion in 2025-26, reflecting a growth of 24.19 percent.



The briefing highlighted an increase of over Rs8 billion in freight revenue, more than Rs7 billion in other income, over Rs6 billion in property and land revenue, while passenger revenue also registered a 3.37 percent increase. Improved railway operations and freight movement were cited as key contributors to the growth.



Prime Minister Shehbaz Sharif and the cabinet appreciated the performance of Railways Minister Hanif Abbasi and his team for improving the department’s financial and operational performance.



The federal cabinet also ratified the decisions taken during the Cabinet Committee on Legislative Cases (CCLC) meeting held on May 19, 2026, and the Economic Coordination Committee (ECC) meeting held on July 2, 2026.



PSX turns bearish, loses over 1,199 points


Islamabad: The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) turned around to bearish trend on Tuesday, losing 1,199.14 points, a negative change of 0.64 percent, closing at 186,255.55 points against 187,454.69 points on the last trading day.



During the session, the ready market recorded a trading volume of 984.847 million shares with a traded value of Rs45.705 billion, compared to 888.405 million shares valuing Rs49.981 billion in the previous session. The market capitalization declined to Rs20.857 trillion from Rs20.986 trillion a day earlier.



Out of 498 active companies in the ready market, 192 advanced, 271 declined, and 35 remained unchanged.



TPL REIT Fund I topped the volume chart with 75.734 million shares, followed by TPL Properties with 72.489 million shares and Bank of Punjab with 60.713 million shares.



The top gainers included Unilever Pakistan Foods Limited, which increased by Rs233.32 to close at Rs25,677.25, and Hafiz Limited, which gained Rs35.19 to settle at Rs485.04.



On the losing side, Khairpur Sugar Mills Limited declined by Rs212.15 to close at Rs1,911.43, while Nestle Pakistan Limited fell by Rs123.30 to close at Rs7,565.55.



In the futures (DFC) market, turnover stood at 178.093 million shares with a traded value of Rs9.179 billion, compared to 148.183 million shares worth Rs9.272 billion in the previous session.



Out of 302 futures-market companies, 108 recorded gains, 192 declined, and two remained unchanged.



SECP facilitates listed companies in raising over Rs 20 billion through capital market during FY 2025-26


Islamabad: Twenty-one listed companies raised over Rs. 20 billion through further issuance of capital during fiscal year 2025-26, reflecting the growing role of Pakistan’s capital market in supporting business expansion, industrial growth, and economic development.



The Securities and Exchange Commission of Pakistan (SECP) facilitated the capital mobilization process, enabling companies to access equity financing for acquisitions, new projects, capacity enhancement, and future growth, said a press release issued by the SECP here on Tuesday.



Listed companies can raise capital either by issuing new shares to existing shareholders through right issues or by offering shares and securities to new investors and strategic partners through other approved methods. These options enable companies to generate long-term funding for expansion, acquisitions, new projects, and business growth.



During the year, 10 listed companies from key sectors, including fertilizer, steel, banking, and food, raised approximately Rs. 16.738 billion through capital issuance other than right offers. Another 11 companies mobilized approximately Rs. 3.864 billion through right issues, providing existing shareholders an opportunity to participate in their companies’ growth.



The successful fundraising highlights improved corporate confidence and demonstrates the capital market’s ability to channel investments into productive sectors of the economy. Enhanced access to equity financing supports business expansion, job creation, industrial development, and sustainable economic growth.



Mustafa Kamal inaugurates Phase-I upgradation of PIMS Cardiac Centre


Islamabad: Federal Minister for National Health Services, Regulations and Coordination, Syed Mustafa Kamal inaugurated the “Phase-I of the upgradation of the Cardiac Centre at the Pakistan Institute of Medical Sciences (PIMS)” during a visit to the country’s premier public-sector tertiary care hospital.



On the occasion, he also inaugurated the “Patient Facilitation Assistant Service” in the PIMS Emergency Department to improve patient guidance and service delivery.



Addressing the inauguration ceremony, the Federal Health Minister said that PIMS serves as the largest referral hospital for patients not only from Islamabad but also from Azad Jammu and Kashmir, Gilgit-Baltistan, a large part of Khyber Pakhtunkhwa, and other remote areas of the country, said a press release on Tuesday.



He stated that PIMS receives approximately 7,000 to 9,000 patients every day, and when attendants and family members are included, between 30,000 and 40,000 people benefit from the hospital daily.



“This is equivalent to the size of a major public gathering every single day, reflecting both the immense trust people place in PIMS and the extraordinary burden on the institution,” he remarked.



The Minister observed that the overwhelming patient load on Pakistan’s public teaching and tertiary care hospitals is largely due to the ineffective functioning of the country’s primary healthcare system.



He noted that common ailments such as colds, flu, fever, minor pain, and routine antenatal check-ups should ideally be managed at Basic Health Units (BHUs) and dispensaries. However, the lack of adequately functioning primary healthcare facilities forces patients to seek treatment at major hospitals like PIMS, placing unnecessary pressure on specialized healthcare services.



Syed Mustafa Kamal informed the audience that the government is revitalizing 28 Basic Health Units in Islamabad to strengthen primary healthcare, reduce the burden on tertiary hospitals, and ensure that quality healthcare services are available closer to people’s homes.



Highlighting the newly upgraded Cardiac Centre, the Minister said that a Rs. 7.2 billion state-of-the-art facility has been completed and made operational with an additional Rs. 900 million investment. He noted that the centre houses a first-of-its-kind advanced cardiac machine in Pakistan, through which patients suffering from heart diseases will receive treatment free of cost.



The Minister emphasized that, given Pakistan’s rapidly growing population, merely constructing more hospitals is not a sustainable solution. He stressed that an effective healthcare system can only be achieved through disease prevention, a robust primary healthcare network, greater public awareness about healthy lifestyles, appropriate birth spacing, and family planning.



“Our goal is to keep people healthy before they become patients,” he said.



Syed Mustafa Kamal further observed that while many preventable diseases have been significantly controlled across the world, thousands of Pakistanis continue to lose their lives to the same avoidable illnesses. He underscored that disease prevention, rather than treatment alone, must become the country’s foremost health priority.



The Federal Health Minister stressed that preventing disease is not the responsibility of the Ministry of Health alone but requires a coordinated national effort. He pointed out that nearly 68 percent of diseases in Pakistan are linked to contaminated water, making the provision of safe drinking water, proper sanitation, sewerage systems, and waste management the responsibility of local governments.



He emphasized that without empowering local governments with adequate authority, financial resources, and effective administrative systems, quality governance and essential healthcare services cannot reach communities at the grassroots level.



Concluding his address, Syed Mustafa Kamal said that the true objective of decentralization is to ensure that public issues are resolved promptly at the Union Council level. He reaffirmed that a strong, efficient, and empowered local government system is indispensable for achieving lasting improvements in public health and ensuring equitable access to quality healthcare across Pakistan.



The minister also said that he does not oppose the 18th Constitutional Amendment, but has concerns over its incomplete implementation. He explained that while resources have been transferred from the federal government to the provinces, an effective mechanism for further transferring funds from the provinces to districts and local governments has not been established.



He noted that approximately Rs. 8.848 trillion was transferred to the four provinces during the last fiscal year, yet a strong local government structure to ensure the effective utilization of these resources at the grassroots level remains absent.



He said that once resources are transferred directly to neighborhoods and local governments, essential public services such as safe drinking water, sanitation, sewerage and other basic civic facilities will improve significantly, leading to a substantial reduction in the burden of disease.



He reiterated that the real solution to Pakistan’s health challenges lies not only in building hospitals but in preventing disease through a strong and effective local government system.



The minister further observed that the absence of an effective local government system has also created challenges in building public awareness and trust regarding polio and other immunization programmes. He explained that locally elected councilors are residents of the communities they represent and are directly accountable to the people, making them more trusted voices. This, he said, enables health programmes to be implemented more effectively at the community level and helps strengthen public confidence in vaccination initiatives.



Syed Mustafa Kamal also remarked that the current administrative system relies on only a few hundred bureaucrats to manage the entire governance structure, whereas a robust local government system would significantly expand the reach of governance and public service delivery by engaging millions of people at the grassroots level.



He emphasized that sustainable solutions to public issues depend on the effective devolution of authority, resources and responsibilities to the lowest tiers of government.



Reaffirming the government’s commitment, Mustafa Kamal stated that the Ministry of National Health Services is utilizing all available resources to strengthen Pakistan’s health system by making it more resilient, people-centered and focused on preventive healthcare, ensuring that every citizen has timely, equitable and quality access to healthcare services without discrimination.



Shaza Fatima discusses digital cooperation


Islamabad: Federal Minister for Information Technology and Telecommunication Shaza Fatima Khawaja held separate meetings on Tuesday to discuss cooperation in information technology, digital innovation, and skills development.



On the sidelines of Digital Week and the Global Dialogue Summit in Geneva, the minister met with Seema Malhotra, a Member of Parliament from the United Kingdom.



The two sides discussed collaboration in the IT sector, digital technologies, and skills exchange between the two countries.



In a separate meeting, the minister met with Jonathan Reid, cc Minister of Innovation, Industry, Science and Technology.



The discussions focused on technological innovation, scientific cooperation, and other areas of mutual interest.



The meetings were aimed at promoting Pakistan’s IT sector on the global stage and strengthening international cooperation in digital technologies.