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India Gazette
08-07-2025
- Business
- India Gazette
Capex growth will resume as infra E&C firms see an uptick in order pipeline: Report
New Delhi [India], July 8 (ANI): Capital Expenditure, which has witnessed tremors lately due to the market slowdown, is expected to resume on a growing order pipeline of infrastructure Engineering and Construction (E&C) companies. In the latest report dedicated to analysing the Infrastructure E&C sector, SMIFS Limited, however, added that the progress rate may be slow because of a higher base. After several years of strong awarding activities, the key sectors within the infrastructure domain have entered a period of muted tendering activities in FY24 and FY25. This slowdown is largely due to cost and time overruns in various underlying schemes, heightened expenditures on numerous welfare initiatives, and disruptions caused by both general and key state elections. 'We anticipate that the capex trend is likely to resume ahead on the growing order pipeline, although the progress rate may slow down on a higher base. Nonetheless, we believe that diversification in terms of geography, sectors, and clientele has become imperative for developers to secure their journey back onto the growth path,' the report added. India has witnessed significant progress in infrastructure development during the last ten years, which has transformed the economic landscape and enhanced the living standards of its populace. This advancement is largely backed by numerous initiatives introduced by the Government of India aimed at modernising and expanding the country's infrastructure, recognising its crucial role in stimulating economic growth, creating jobs, and encouraging holistic national development. The Gross Budgetary Support (GBS) has nearly quadrupled, with a 15 per cent CAGR reported throughout FY16-26BE, reaching Rs15.5 trillion (incl. grants) in the Financial Year 2026 budgetary estimate. The key sectors that benefitted from this enhancement include roads and highways (increased 9.3x to Rs 2.8 trillion), railways (up 7.2x to Rs2.5 trillion), defence (up 2.3x to Rs 1.9 trillion), housing and urban affairs (increased 70x to 836.9 billion), renewables (from Rs70 mn in FY16 to 245 billion in FY26E), and telecommunications (increased 22x to 518 billion). Additionally, the GBS (incl. grants) has now risen to 4.2 per cent of the total GDP, in contrast to the 2.5 per cent reported in FY16. Moreover, the share of capex within the overall budget has expanded to 30.6 per cent in FY26BE, rising from 21.5 per cent in FY16. 'This trend indicates a heightened focus on asset creation,' the report added. Further, the report added, 'Given this, we have marked a trend wherein the expansion in GBS typically decelerates as the election year approaches due to a change in priorities, as observed in FY18 and FY19 (election year: 2019) and FY25 (election year: 2024) and then subsequently shows improvement. We predict that this trend will follow suit.' The government has estimated a capex of Rs 11.2 trillion for the FY 26BE, up 10 per cent year-on-year versus the revised estimate of Rs 10.2 trillion in FY25. (ANI)
Business Recorder
03-07-2025
- Business
- Business Recorder
SBP plans to ease digital payment mechanisms for traders
In a bid to promote cashless payments, the State Bank of Pakistan (SBP) is formulating a strategy to simplify digital payment methods for traders. This was revealed during a weekly meeting on cashless and digital economy held on Thursday, read a statement released by the Prime Minister's Office (PMO). In a briefing to the prime minister, it was stated that the Digital Payments Innovation and Adoption Committee, the Digital Public Infrastructure Committee, and the Government Payments Committee, formed during the previous meeting, have now been constituted. During the meeting, these committees gave a presentation on their strategies and proposals for digitising the economy. Pakistan's e-commerce sector faces operational costs surge amid new taxes 'A digital transaction system is essential to bring transparency to the economy,' said PM Shehbaz. The prime minister was informed that a facilitation package will be introduced to encourage the participation of small businesses in digital transactions. It was learnt that the government intends to increase the number of mobile app users for digital payments from 95 million to 120 million, raise the number of merchants using QR codes from 0.9 million to 2 million, and expand total digital payments from Rs7.5 billion to Rs12 billion. It was also shared that the Digital Economy Project under the vision of Digital National Pakistan has been launched. The Islamabad City mobile app has so far recorded 1.3 million downloads and currently offers 15 services. Through the app, collections under the ICT Excise and Taxation head have reached Rs15.5 billion. It was told in the briefing that work on the Digital Pakistan ID project is progressing swiftly. Additionally, efforts are underway to provide Wi-Fi internet services throughout Islamabad, especially in hospitals, educational institutions, government offices, parks, and along metro bus lines. The prime minister ordered that all these facilities be introduced across federal territories, Azad Jammu & Kashmir, and Gilgit-Baltistan as well, read the statement.
India Today
07-06-2025
- Entertainment
- India Today
Thug Life box office Day 2: Kamal Haasan's film sees sharp drop, earns Rs 7.5 crore
After a decent start, Kamal Haasan and Mani Ratnam's film 'Thug Life' witnessed a noticeable dip at the box office on Day to early estimates by Sacnilk, the film collected Rs 7.5 crore nett across all languages in India on Friday. The film saw a noticeable drop compared to its Rs15.5 crore net opening day collection. This brings its total earnings to Rs 23 crore nett in two Tamil version of the film held steady in its home state, showing a 31.41 percent overall occupancy. Chennai led the charge with a 59 percent occupancy in night shows, while regions like Madurai and Coimbatore stayed around the 25-30 percent mark. However, the film faced a tough time in non-Tamil markets. The Hindi version recorded a low 6.48 percent occupancy, with minimal traction even in the evening shows. The Telugu version did slightly better at 14.17 percent but still fell short of expectations for a pan-India its star-studded cast including Trisha Krishnan, Silambarasan, Aishwarya Lekshmi, Joju George, and Ali Fazal, the film has struggled to build momentum beyond its core Tamil audience.'Thug Life' still has a long way to go to regain its momentum at the box office. Its performance has been notably affected by the film not releasing in Karnataka, following backlash over Kamal Haasan's controversial comment on the Kannada the weekend underway, all eyes are now on whether word-of-mouth and fan support can help 'Thug Life' bounce back and meet its high India Today Digital review InTrending Reel
Express Tribune
14-02-2025
- Sport
- Express Tribune
ICC announces prize money for Champions Trophy 2025
Listen to article The International Cricket Council (ICC) has revealed the prize money for the Champions Trophy 2025, increasing the total prize pool by 53% compared to the previous edition. According to the ICC's announcement, the total prize pool for the Champions Trophy will amount to $690,000. The winning team will receive $2.24 million (over Rs620 million), while the runner-up team will be awarded $1.12 million (more than Rs31 crore). For the teams that lose in the semi-finals, each will be awarded $560,000 (over Rs15.5 crore). In addition, teams will also receive $34,000 for each group-stage match they win. The teams finishing in 5th and 6th place will receive $350,000 each, while the team finishing in 7th place will be awarded $140,000. Every team participating in the event will receive $125,000 for their participation. The 2025 ICC Champions Trophy is set to be hosted in Pakistan from February 19 to March 9. Champions Trophy 2025 schedule Feb 19, Wed Pakistan vs New Zealand, 1st Match, Group A- National Stadium, Karachi Feb 20, Thu Bangladesh vs India, 2nd Match, Group A- Dubai International Cricket Stadium, Dubai Feb 21, Fri Afghanistan vs South Africa, 3rd Match, Group B- National Stadium, Karachi Feb 22, Sat Australia vs England, 4th Match, Group B- Gaddafi Stadium, Lahore Feb 23, Sun Pakistan vs India, 5th Match, Group A- Dubai International Cricket Stadium, Dubai Feb 24, Mon Bangladesh vs New Zealand, 6th Match, Group A- Rawalpindi Cricket Stadium, Rawalpindi Feb 25, Tue Australia vs South Africa, 7th Match, Group B- Rawalpindi Cricket Stadium, Rawalpindi Feb 26, Wed Afghanistan vs England, 8th Match, Group B- Gaddafi Stadium, Lahore Feb 27, Thu Pakistan vs Bangladesh, 9th Match, Group A- Rawalpindi Cricket Stadium, Rawalpindi Feb 28, Fri Afghanistan vs Australia, 10th Match, Group B- Gaddafi Stadium, Lahore Mar 01, Sat South Africa vs England, 11th Match, Group B- National Stadium, Karachi Mar 02, Sun New Zealand vs India, 12th Match, Group A- Dubai International Cricket Stadium, Dubai Mar 04, Tue 1st Semi-Final (A1 v B2)- Dubai International Cricket Stadium, Dubai Mar 05, Wed 2nd Semi-Final (B1 v A2)- Gaddafi Stadium, Lahore Mar 09, Sun Final
