Prime Minister Shahid Khaqan Abbasi says the government is committed towards poverty alleviation and enabling poor earn their livelihood. He expressed these views during a briefing about the performance of Benazir Income Support Programme (BISP) in Islamabad. Shahid Khaqan Abbasi appreciated the progress made by BISP during the last four years. However, he stressed the need for enhancing transparency and operational efficiency of the program. Chairperson BISP said the programme had resulted in poverty reduction by 7% and enrollment of children of BISP beneficiaries in primary schools increased by 10%. Marvi Memon apprised the Prime Minister that the budget allocation for BISP has been increased to 121 billion rupees. She said quarterly stipend has been enhanced from 3000 rupees per quarter in 2013 to 4834 rupees per quarter. She said over 354,847 BISP households have been enrolled in Prime Minister's National Health Program.

Topic: Pakistan witnesses visible economic improvement in last four years: Finance Ministry

Ministry of Finance's spokesman says Pakistan has seen a visible economic improvement during the last four years, due to successful implementation of a comprehensive programme of economic revival. In a statement, he said PTI leaders presented a very bleak picture of country's economy and deliberately ignored many important milestones achieved during the last four and half years even acknowledged internationally. He said PTI's views on economy are an attempt to sensationalize the public by presenting a very bleak picture of the economy which merely reflects their negative approach to things.

Topic: No loadshedding from November: Abid Sher Ali

The government is increasing the power generation capacity and is formally going to announce an end to loadshedding across the country in November this year, Minister of State for Power Abid Sher Ali claimed on Thursday. Talking to journalists, the state minister for power said that when the Pakistan Muslim League-Nawaz came into power four years ago, the country was facing 18 hours of loadshedding. He said we have restricted power cuts to two or three hours and in some areas there is zero loadshedding already. For the first time in Pakistan’s history, the threshold of 20,000 megawatt electricity generation has been crossed, he said.

Topic: PPIB, AJK sign deal to set up micro-hydropower projects

The Private Power Infrastructure Board (PPIB) and the government of Azad Jammu & Kashmir have signed a facilitation agreement for cooperation and facilitation in setting up private hydropower projects of under 50MW and related infrastructure. The ceremony, held Friday, was signed by PPIB MD Shah Jahan Mirza and government of Azad Jammu & Kashmir Secretary (Electricity/PDO) Malik Israr Ahmed.

Topic: Power production jumps 14% as new projects come online

Government’s efforts to overcome the energy crisis started to bear fruit as addition of new nuclear, coal and imported gas-fired power projects helped increase electricity generation in July 2017.The power regulator has reported an increase of 14% in power production to 12,496.63 gigawatt-hour (GWh) in July from 10,991.82 GWh in the same month of previous year.

Host: Mushtaq Wani (Kashmir Update)

Syed Shehryar Ahmad (Business Update)

Third-party Ads