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Karachi Yellow Line Cost Jumps to Rs178.59b as GB Polls Set for Jan. 24 and PML-N Backs NFC Funds for GB, AJK

Federal actions spanned development approvals, election scheduling, diplomatic outreach, signaling tighter alignment of fiscal policy, infrastructure delivery, security concerns.

Overview

  • Federal planners approved a revised Rs178.59 billion cost for Karachi’s Yellow Line, about 190% above the 2019 estimate, and advanced additional schemes to ECNEC alongside AFDNGC talks in Lahore on transmission project financing.
  • Nawaz Sharif called for extending National Finance Commission funds to Gilgit-Baltistan and Azad Kashmir and said he will raise the proposal with Prime Minister Shehbaz Sharif.
  • The presidency cleared the Gilgit-Baltistan election timetable, setting nominations for December 15, the candidate list for December 23, and polling for January 24.
  • Punjab transporters ended their strike after talks with the provincial government, with a committee led by Senior Minister Maryam Aurangzeb to meet industry representatives on Saturday.
  • During a visit to Turkmenistan, Prime Minister Shehbaz Sharif met Vladimir Putin as well as the Turkish and Iranian presidents, pressed to revive the IslamabadTehranIstanbul rail link, and urged meaningful action against terrorism originating from Afghan territory.