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Meal delivery driver incomes projected to fall in 2025
Technologyle-figaro11d ago

Meal delivery driver incomes projected to fall in 2025

A report by the Authority for Social Relations of Employment Platforms (ARPE) indicates that the hourly income for meal delivery drivers on platforms like Deliveroo and Stuart is expected to continue its five-year downward trend into 2025, primarily due to longer delivery times.

Ghanaian Presidency Endorses NLA-KGL Contract
Politicsmyjoyonline13d ago

Ghanaian Presidency Endorses NLA-KGL Contract

The Director-General of the National Lottery Authority (NLA), Mohammed Abdul-Salam, announced that the Presidency has affirmed the contractual agreement between the NLA and KGL Technology Limited as being within the authority’s legal mandate.

Competition Authority Opens 14 Sanctioning Cases in Power Outage Probe
Politicsla-vanguardia19d ago

Competition Authority Opens 14 Sanctioning Cases in Power Outage Probe

The CNMC (National Commission for Markets and Competition) has opened 14 sanctioning cases as part of its investigation into a power outage. The authority detected 'indications of infringement over prolonged periods' that may have affected system operation, though not necessarily causing the incident.

Federal Judge Halts Trump's White House Ballroom Project, Citing Need for Congressional Approval
PoliticsAPReutersBBC+97bloombergNYTeconomistwsjFTle-mondewapoThe Guardian+89 more1mo ago100 sources

Federal Judge Halts Trump's White House Ballroom Project, Citing Need for Congressional Approval

A U.S. federal judge has temporarily blocked President Trump's White House ballroom project, stating that Congress must authorize the construction before it can proceed. The ruling, which suspends the $400 million endeavor, represents a significant setback for the Department of Justice, with the judge specifying that the President is not the 'owner' of the White House, requiring Congressional consent for the project.

Apapa traffic system review won’t disrupt ports — NPA
Businessvanguard-ng1mo ago

Apapa traffic system review won’t disrupt ports — NPA

By Godwin Oritse The Nigerian Ports Authority (NPA) has assured port users and stakeholders that ongoing review of the Electronic Truck Call-Up System, popularly known as ETO, will not disrupt port operations or cargo movement. The Authority gave the assurance following the expiration of its agreement with Truck Transit Park Ltd (TTP), the firm managing the […] The post Apapa traffic system review won’t disrupt ports — NPA appeared first on Vanguard News.

Mastering Executive Presence: An Opinion Piece by Ruth Oji
Opinionvanguard-ng1mo ago

Mastering Executive Presence: An Opinion Piece by Ruth Oji

Ruth Oji's opinion piece, 'The authority you carry: Mastering executive presence,' explores how individuals can command attention and respect without explicit announcements, focusing on the subtle shifts in atmosphere created by a strong presence.

Nadra cancels 4.2 million CNICs of deceased individuals
PoliticsDawn1mo ago

Nadra cancels 4.2 million CNICs of deceased individuals

ISLAMABAD: The National Database and Registration Authority (Nadra) has cancelled around 4.2 million Computerised National Identity Cards (CNICs) of individuals who have been recorded as deceased in provincial civil registration systems, according to a statement issued by the authority. In many cases, while deaths are formally registered, the next of kin do not apply for the cancellation of CNICs of the deceased, resulting in a discrepancy between civil registration records and Nadra’s databa...

DVLA uncovers GH¢12.5 million fake DV plate network
Businessmyjoyonline1mo ago

DVLA uncovers GH¢12.5 million fake DV plate network

The Driver and Vehicle Licensing Authority (DVLA) has uncovered a criminal network responsible for the illegal manufacture and distribution of more than 30,000 counterfeit dealer vehicle (DV) plates nationwide, with an estimated value of GH¢12.51 million. The Chief Executive Officer of the authority, Julius Neequaye Kotey, disclosed this at a press briefing in Accra on […]

Saudi Arabia bans poultry egg imports from Nigeria, 39 other countries
Businesspunch-ngvanguard-ng2mo ago2 sources

Saudi Arabia bans poultry egg imports from Nigeria, 39 other countries

Saudi Arabia’s Food and Drug Authority (SFDA) has banned the import of poultry and table eggs from 40 countries and imposed partial restrictions on certain regions in 16 other nations, as a precaution to protect public health and ensure food safety in the domestic market. The authority said, “the list of affected countries is subject […] The post Saudi Arabia bans poultry egg imports from Nigeria, 39 other countries appeared first on Vanguard News.

Panics, Politics, & Power: America's 3 Experiments With Central Banks
Financezerohedge2mo ago

Panics, Politics, & Power: America's 3 Experiments With Central Banks

Panics, Politics, & Power: America's 3 Experiments With Central Banks Authored by Andrew Moran via The Epoch Times, The Federal Reserve, established more than a century ago, is the United States’ third experiment with central banking. For much of its existence, the institution maintained a low public profile. Only after the 2008 global financial crisis did the Fed begin communicating more openly, introducing post-meeting press conferences and allowing monetary policymakers to engage more frequently with the media. Greater transparency, however, has brought greater scrutiny. Public sentiment toward the Fed and its leadership has fluctuated over the years. Today, YouGov polling suggests the central bank is viewed favorably by 44 percent of Americans and unfavorably by 18 percent. If the Fed pursues a series of reforms, it will have “another great 100 years,” said Kevin Warsh, who was nominated by President Donald Trump to serve as the institution’s next chair. Comparable to past central banks, Warsh said, the current Federal Reserve System is beginning to lose the consent of the governed. “You can think about the Jacksonians of prior times say that the central bank seems like they’re trying to focus and they’re all preoccupied with those special interests on the East Coast, and they’ve lost track of what’s happening to us in the center of the country,” Warsh said in a July 2025 interview with the Hoover Institution’s Peter Robinson. “It’s a version of what worries me today.” What happened in the past, and why is it relevant to today’s central bank? The First Bank of the United States In the aftermath of the American Revolution, the United States faced a series of immense economic disruptions, forcing the nation’s architects to rebuild the economy. The objective was to lower inflation, restore the value of the nation’s currency, repay war debt, and revive the economy. Alexander Hamilton, the first secretary of the Treasury under the new Constitution, proposed establishing a national bank modeled on the Bank of England. Hamilton stated that a U.S. version would perform various duties, including issuing paper money, serving as the government’s fiscal agent, and protecting public funds. Not everyone shared Hamilton’s ebullience over a central bank. Thomas Jefferson, for example, feared that such an institution would not serve the nation’s best interests. Additionally, Jefferson and other critics argued that the Constitution did not grant the government the authority to create these entities. Nevertheless, Congress enacted legislation to establish the Bank of the United States. President George Washington then signed the bill in February 1791. Two of America's founding fathers: Thomas Jefferson (L) and Alexander Hamilton. The White House While bank officials did not conduct monetary policy as modern central banks do, they did influence the supply of money and credit, as well as interest rates. The entity managed the money supply by controlling when to redeem or retain state‑bank notes. If it sought to tighten credit, it would require payment in gold or silver, thereby draining state banks’ reserves and limiting their ability to issue new notes. If it wanted to expand credit, it simply held on to those notes, boosting state‑bank reserves and enabling them to lend more. By 1811, the national bank’s charter expired. While there had been discussions of allowing it to continue maintaining operations, Congress—both chambers—voted against renewing its mandate by a single vote. Its closure came shortly before the War of 1812, which fueled inflation and weakened the currency. Second Bank of the United States Lawmakers believed another central bank was critical at a time of fiscal, inflationary, and trade pressures. Congress used a similar 20-year model to produce the Second Bank of the United States, headed by Nicholas Biddle. The second incarnation had a federal charter, was privately owned, and was tasked with regulating state banks (with gold and silver for note redemption). President James Madison, who opposed the first central bank on constitutional grounds, supported the new institution out of financial necessity. Its creation stabilized credit and brought down inflation. However, by the 1830s, the bank faced strong opposition, particularly from President Andrew Jackson. Labeled the Bank War, Jackson engaged in a years-long initiative to dissolve the central bank. Jackson claimed the national bank was a tool for the wealthy eastern elite and a threat to self-government. “The Jacksonians described themselves as conscious hard-money men who supported the rigid discipline of the gold standard, yet they opposed the newly powerful national Bank because it restrained the expansion of credit and, thus, thwarted robust economic expansion,” author William Greider wrote in “Secrets of the Temple.” In 1832, Jackson vetoed legislation to recharter the bank four years early, delivering a fiery message that historians say was one of the most important vetoes in the nation’s history. “It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government,” Jackson wrote. “There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing. In the act before me, there seems to be a wide and unnecessary departure from these just principles.” The charter expired in 1836, leading to the panic of 1837. An economic crisis unfolded, leading to bank failures, business bankruptcies, rising unemployment, and contracting credit. While the collapse of the central bank is often considered a leading cause, the British also urged London banks to reduce credit to American merchants, causing a sharp drop in global trade. As the smoke cleared and dust settled, it was not until the 1840s that the United States embarked on a historic economic recovery, now known as the Free Banking Era. Banking was decentralized, and finance was largely unregulated. Despite an erratic financial system, the U.S. economy grew rapidly: agricultural production accelerated, railroads were built, and the country expanded westward. Additionally, deflation was paramount throughout most of the economic expansion. The Federal Reserve System The panic of 1907 led to the creation of the Federal Reserve System. Following years of heavy borrowing, speculative commodities investments (mainly copper), and enormous stock market gains, a financial crisis was brewing. The event nearly brought down the U.S. banking system. J.P. Morgan, a financier, intervened and emulated the actions of modern central banks. He met with the nation’s top bankers, facilitated emergency loans to financial institutions, and backed stockbrokers. The damage had been done as the United States fell into a year-long recession, marked by high unemployment and widespread bank failures. The Federal Reserve Board of Governors seal in Washington on Oct. 29, 2025. Madalina Kilroy/The Epoch Times Washington realized that it could not rely on private bailouts to prevent sharp downturns. Sen. Nelson Aldrich (R-R.I.) is widely regarded as one of the chief architects of the modern Federal Reserve System. In 1910, Aldrich hosted the famous Jekyll Island meetings, a gathering of U.S. officials and bankers, to discuss the blueprint of a new central bank. While the initial draft laid the foundation for the institution, the official Federal Reserve Act was drafted by President Woodrow Wilson, Rep. Carter Glass (D-Va.), and H. Parker Willis, an economist on the House Banking Committee. The new system was a public-private hybrid, with the federal government firmly in charge, and bankers running the regional reserve banks. “It was Wilson’s great compromise,” wrote Greider, “creating a hybrid institution that mixed private and public control, an approach without precedent at the time.” The legislation triggered a contentious political debate over the extent of its independence from the Treasury and the degree of authority delegated to policymakers over currency issuance. Days before Christmas, the bill cleared both chambers and was signed into law by Wilson on Dec. 23. “Wilson’s conviction that he had struck the right moderate balance seemed confirmed, however, by the reactions to his legislation,” Greider noted. “It was attacked by both extremes—the ‘radicals’ from the Populist states and the bankers in Wall Street and elsewhere.” Since its inception in 1913, the modern Federal Reserve has undergone numerous changes and has gained greater power. The New Deal, for instance, allowed the Fed to become the lender of last resort as Washington learned the central bank could not prevent bank failures. In 1951, the Treasury-Fed Accord restored central bank independence after the Federal Reserve had been forced to keep interest rates artificially low throughout the Second World War. Congress then enacted the Federal Reserve Reform Act in 1977, establishing the dual mandate of promoting maximum employment and maintaining price stability. 2026 and Beyond Over the past 50 years, the Fed has undergone modest changes, including the issuance of forward guidance and the disclosure of emergency lending facilities. But while each new regime has nibbled around the edges, Warsh has suggested he could effect substantial reforms at the central bank. “Until there’s regime change at the Fed and new people running the Fed, a new operating framework, they’re stuck with their old mistakes,” Warsh told Fox Business Network in October 2025. “Bygones aren’t just bygones.” Tyler Durden Wed, 02/18/2026 - 16:20

Moldova Reorganizes Environmental Agencies
Politicszdg-md19h ago

Moldova Reorganizes Environmental Agencies

Moldova's Environment Agency will be reorganized by absorbing the Agency for Geology and Mineral Resources (AGRM), and the State Hydrometeorological Service (SHS) will become the Authority for Meteorology and Environmental Monitoring, with adjusted staffing to cover waste management, chemicals, air protection, and climate change.

Venice Biennale Reverses Stance on Russia's Participation
Worldberlingskedie-presse6d ago2 sources

Venice Biennale Reverses Stance on Russia's Participation

The Venice Biennale initially stated it lacked the authority to exclude Russia, but following significant criticism, organizers changed their position. This decision effectively limited or prevented Russia's involvement in the art exhibition.

Albania Investigates Mobile Tariff Hikes
Businessbalkan-web12d ago

Albania Investigates Mobile Tariff Hikes

Albania's Competition Authority has launched an investigation into the mobile telephony market following tariff increases announced by One Albania. The head of the authority indicated that a positive

Ghana's DVLA Explains Regulatory Framework for Trade License Plates
Businessmyjoyonline23d ago

Ghana's DVLA Explains Regulatory Framework for Trade License Plates

The Driver and Vehicle Licensing Authority (DVLA) in Ghana has provided an overview of the regulatory framework governing vehicle registration activities, specifically focusing on trade license plates (DV and DP). The authority is mandated to maintain accurate records of vehicles on Ghanaian roads.

Ecuador Declares 60-Day State of Emergency
Politicsobservador1mo ago

Ecuador Declares 60-Day State of Emergency

Ecuador has declared a 60-day state of emergency, encompassing seven million people across the country's two largest cities, which grants police and armed forces the authority to enter homes without warrants and intercept communications.

Philippines Rules Out Nationwide Wage Hike for May
Worldinquirer1mo ago

Philippines Rules Out Nationwide Wage Hike for May

The Department of Labor and Employment (DOLE) announced that there will be no nationwide minimum wage increase on May 1, as future adjustments will remain region-based under the authority of local wage boards.

Data Protection Authority fines Intesa Sanpaolo €31.8 million for data breach
TechnologyYahoochannel-news-asiaANSA1mo ago3 sources

Data Protection Authority fines Intesa Sanpaolo €31.8 million for data breach

(ANSA) - ROME, MAR 30 - The Italian Data Protection Authority has fined Italy's biggest bank Intesa Sanpaolo S.p.A. €31.8 million for serious shortcomings in personal data security, due to the inadequacy of the technical and organizational measures adopted, the authority said Monday on a data breach notified in July 2024. The Authority's investigation, initiated following the data breach notified by the bank, found - a statement explains - that "an employee accessed, without justifiable reaso...

Polish Poll on Expanding Labor Inspector Powers
Businesstvn241mo ago

Polish Poll on Expanding Labor Inspector Powers

A CBOS poll in Poland indicates that half of respondents believe State Labor Inspectorate (PIP) inspectors should have the authority to convert certain contracts into employment agreements if work criteria for full-time employment are met.

Worldguardian-ng1mo ago

Lagos State Waterways Authority Archives

The Lagos State Waterways Authority (LASWA) archives contain historical information and records related to the management and development of waterways in Lagos. These archives provide insight into the authority's past activities and projects.

Mitovski: AHV Accusations Against Municipality Legally Unfounded
Politicsmkd-mk2mo ago

Mitovski: AHV Accusations Against Municipality Legally Unfounded

Mitovski states that the Agency for Food and Veterinary (AHV) accusations against the municipality are legally unfounded, as the authority for seizure measures lies solely with the Agency, and institutional responsibility cannot be relativized through public statements.

EAC customer service centres to close Friday morning due to work stoppage
Businesscyprus-mail2mo ago

EAC customer service centres to close Friday morning due to work stoppage

Customer service centres and offices of the Electricity Authority of Cyprus (EAC) will remain closed from 7.45am to 10am on Friday, February 27, due to a work stoppage announced by the organisation’s four trade unions, the authority said on Thursday. The EAC announced that public services will resume after 10am, stressing that the work stoppage […]

DVLA clarifies reports on staff deployment abroad for licensing services
Politicsmyjoyonline2mo ago

DVLA clarifies reports on staff deployment abroad for licensing services

The Driver and Vehicle Licensing Authority (DVLA) has moved to clarify what it describes as media reports suggesting that its domestic staff would be posted to foreign embassies to provide driver licensing services. In a statement dated February 26, 2026, the Authority insisted the initiative does not involve posting DVLA officers abroad.

PTA says 5G spectrum auction to be held on March 10
TechnologyDawn2mo ago

PTA says 5G spectrum auction to be held on March 10

ISLAMABAD: The Pakistan Telecommunication Authority (PTA) said on Wednesday that 5G spectrum auction would be held on March 10 and no changes were likely to be made in the schedule, saying that the sale was likely to fetch between $300-$700 million. The authority is offering 597 megahertz (MHz) in several bands in the upcoming auction and three existing telecom operators have been mandated to obtain a minimum of 100 MHz in the auction process. “With the prescribed rate, even if 300 MHz is obtained by the telecommunication operators without any competitive bidding, the government will get $300 million,” PTA Director General Licensing retired brigadier Aamir Shahzad told a media briefing. “And if all the 597 MHz is sold at auction at a slightly competitive rate, $700 million will be available for the government, but this scenario is less likely to happen,” he added. Shahzad said that the auction would be conducted using a multi-round electronic clock auction format, with the main allocation stage starting on March 10. He said the 2600 MHz and 3500 MHz bands would be offered during the first round. He added that after the auction process, the rollout of 5G services would take between three and six months as certain infrastructure was needed for the fresh spectrum. Meanwhile, Chairman PTA Hafeezur Rehman said that the auction would lead to improved quality of service and data speed. “Around 50 million new users have been added in the system during the last five years, but only 10MHz was increased in the 2021 spectrum auction,” PTA Chairman said. “Improved data service and enhanced coverage will also increase average revenue per user (ARPU) for telecommunication operators,” he said. The ARPU is a key performance indicator that measures the average revenue generated by a company from each consumer within a specific timeframe, monthly or annually. “We started with $0.7 and now the ARPU has reached $1.3. Therefore, it is likely to increase as more data is consumed by the subscribers,” Rehman said. “The authority expects mobile broadband speeds to improve by around 25 per cent following the auction,” he said. He said that the government had offered many incentives to telecom companies in the new spectrum auction, but obligations to improve the quality of service as well as coverage area had been increased. “This will help the country to embrace further upgradations like 6G and not like 5G, where we have been delayed,” the PTA Chairman said. He added the government had also eliminated the right-of-way fee that used to be around Rs36,000 per kilometre annually; this, he said, would encourage fiberisation projects. The chairman also said that telecom operators had already placed orders for 5G equipment, while local manufacturing of 5G-enabled smartphones had commenced, with 500,000 to 600,000 units produced so far. He said the other measures being taken to facilitate the faster rollout of services after the auction were options for spectrum sharing, relaxation of certain regulatory terms and incentives for network expansion. “Operators have been given one year to make the necessary capital investments without upfront spectrum payments, allowing them to focus on improving service quality,” Rehman added. However, the operators will have to expand 5G coverage to additional cities apart from Islamabad, Karachi, Lahore, Peshawar and Quetta, while fiber-to-the-site ratios will increase from 20 per cent to 35pc by 2035. Besides, the minimum download speeds for 4G service have been increased from four megabytes per second (Mbps) to 20Mbps in 2026–27 and to 50Mbps by 2030–35. For 5G, minimum download speeds will rise from 50Mbps initially to 100Mbps by 2030–35, with latency targets reduced to 35 milliseconds. Upload speeds are benchmarked at 20pc of download speeds across both technologies.

Civil Rights Groups Sue to Block Texas Migrant Arrest Law
WorldAPFox NewsYahoo2d ago3 sources

Civil Rights Groups Sue to Block Texas Migrant Arrest Law

A coalition of civil rights organizations has filed a lawsuit seeking to prevent a new Texas law from taking effect. The controversial law would grant state law enforcement the authority to arrest individuals suspected of illegally crossing the border.

James Gunn Pauses DC's 'The Authority' Movie Production
Culturevarietydeadlineign9d ago3 sources

James Gunn Pauses DC's 'The Authority' Movie Production

DC Studios co-CEO James Gunn has announced that the planned movie "The Authority" is being paused indefinitely. Gunn cited issues with the script and its integration into the larger DC Universe as reasons for the delay.

GRA Clarifies Publican AI Role, Admits Outreach Gaps
Technologymyjoyonline13d ago

GRA Clarifies Publican AI Role, Admits Outreach Gaps

The Ghana Revenue Authority (GRA) clarified that its Publican AI system offers only suggestions, not final decisions, for tax assessments. The authority also acknowledged that its outreach efforts regarding the AI tool may not have effectively reached all grassroots traders.

Trump Signs Executive Order to Restrict Mail-In Voting and Create National Voter List
PoliticsReutersThe GuardianCNN+6dr-dkaftonbladetpublicodigi24index-hrndtv1mo ago9 sources

Trump Signs Executive Order to Restrict Mail-In Voting and Create National Voter List

President Trump has signed an executive order aimed at cracking down on mail-in voting by creating a nationwide voter list and restricting ballot distribution to voters on a Department of Homeland Security-compiled list, a move he asserts will combat voter fraud despite debunked claims.

Pakistan extends airspace ban on Indian aircraft till April 24
WorldDawn1mo ago

Pakistan extends airspace ban on Indian aircraft till April 24

The Pakistan Airport Authority (PAA) has extended airspace restrictions on Indian aircraft till April 24, according to a fresh notice to airmen (Notam) issued on Wednesday. The authority said that Pakistan’s airspace would remain closed to all aircraft registered in India. The Notam issued by Pakistan for barring Indian flights in its airspace till April 24, 2026. — PAA website The restriction would also continue to apply to aircraft operated, owned, or leased by Indian airline...

EPA intercepts additional 1,070 chanfang machines at Tema Port
Environmentmyjoyonline2mo ago

EPA intercepts additional 1,070 chanfang machines at Tema Port

The Environmental Protection Authority (EPA) intercepted an additional 1,070 pieces of chanfang machines concealed in separate containers at the Tema Port on Tuesday night, March 3. The latest seizure comes just weeks after the Authority uncovered more than 200 Chanfang machines hidden in 14 shipping containers in a similar operation. According to EPA officials, the scale of […]

UAE halts stock markets for two days after Iran strikes
Financehinduhindustan-times2mo ago2 sources

UAE halts stock markets for two days after Iran strikes

“The Authority will ​continue to monitor ‌developments in the region and assess the situation on an ongoing basis, taking any further measures as necessary,” UAE Capital Markets Authority said ‌in a…

Fidias under fire from regulator over party app
Politicscyprus-mail2mo ago

Fidias under fire from regulator over party app

The personal data commissioner on Tuesday moved to halt the operation of the Agora app created by MEP Fidias Panayiotou, citing failures to comply with the general data protection regulation (GDPR). Commissioner Maria Christofidou said the authority had formally requested the suspension of the Agora app until a mandatory assessment was completed. Speaking on both […]

DVLA commissions new premium service centre in Kumasi to better serve customers
Politicsmyjoyonline2mo ago

DVLA commissions new premium service centre in Kumasi to better serve customers

The Driver and Vehicle Licensing Authority (DVLA) has commissioned a premium service centre at Bantama in Kumasi, a move aimed at bringing its services closer to residents and reducing the activities of middlemen, popularly known as “goro boys.” The Chief Executive of the Authority, Julius Neequaye Kotey, speaking at the commissioning ceremony, said the establishment of the new facility forms part of efforts to improve service delivery and enhance transparency in line with the government’s...

Over 31m births registered with UCs yet to be added to Nadra’s central database: report
PoliticsDawn2mo ago

Over 31m births registered with UCs yet to be added to Nadra’s central database: report

ISLAMABAD: Around 31.9 million births registered with union councils (UC) in 2025 are yet to be added to the record in the National Database and Registration Authority’s (Nadra) central database, according to an annual performance report. The report was recently submitted by Nadra to the interior ministry, according to which a total of 227m individuals are registered with the authority. Overall, nearly 97 per cent of Pakistan’s population is now included in the registration system, according to the report, which also shows that 52pc of the registered individuals are males and 48pc are females. As for biometric data, Nadra’s system contains facial records of 170m people, iris data of seven million individuals and 1.68 billion fingerprints, the reports says. During 2025 alone, the report states, some 445m biometric verifications were carried out, contributing to “improved transparency” and “strengthening of digital governance systems”. According to the report, national registration increased by 4pc in 2025, registration of children under the age of 18 rose by 11pc, renewal of expired identity cards increased by 24pc and cancellation of identity cards following death registration surged by 900pc. Female registration also saw an 8pc rise during the year. The reports says that by end of the year, 938 registration centres were operational nationwide. The authority established 75 new centres 138 new counters, while another 126 counters were installed at existing offices. The reports say that 231 mobile registration vans remained active during the year, including 33 satellite-equipped units for remote areas. At the UC level, 62 registration counters were operational while six new counters were set up in five countries abroad to facilitate overseas Pakistanis. According to the report, the Pak Identity mobile application was used to handle 15pc of Nadra’s total workload. The app was downloaded more than 12m times, enabling citizens to access services without visiting registration centres. In 2025, the federal government approved the National Registration and Biometric Policy Framework to further strengthen the unified registration system. Amendments to national identity card regulations were also introduced, biometric child registration certificates were launched for children as young as three, and family registration certificates were granted formal legal status. According to the report, Pakistan’s identity registration system now has near-complete coverage, though efforts are still required to further improve the registration of women and young children in certain areas. Clear policy recommendations have been proposed to close the remaining gaps entirely, the report says.

NHA stays govt’s biggest fiscal drain despite higher tolls
BusinessDawn2mo ago

NHA stays govt’s biggest fiscal drain despite higher tolls

• Accumulated losses hit Rs2.07tr by June 2025; half of it piled up in just three years • Outstanding loans stand near Rs3.1tr, debt rising Rs300bn a year • Financing cost reaches Rs210bn in FY25, highest among SOEs ISLAMABAD: Carrying the largest outstanding loan portfolio on its books and a negative return on assets, the National Highway Authority (NHA) — the country’s logistics backbone — is the single largest entity bleeding the federal budget, exposing Pakistan to substantial fiscal risk despite the recent doubling of tolls. The NHA is the “largest loss-maker”, operating on a “structural deficit model and reliant on budgetary support”, the Central Monitoring Unit (CMU) of the Ministry of Finance said in its Annual Aggregate Report on state-owned enterprises (SOEs) for the year ended June 30, 2025. With accumulated losses of Rs2.074 trillion, the entity that owns and operates all the national highways and motorways accrued around Rs1.004tr in the last three years alone — about Rs295 billion each in FY24 and FY25 and Rs413bn in FY23. Moreover, it stands out at the top of the SOE list, with the largest accrued financing cost of Rs210bn in FY25, as its toll revenue remains unaligned with debt servicing, leading to fiscal dependence and sovereign guarantee exposure. “Currently, the NHA holds outstanding loans totalling approximately Rs3.1tr, with an annual debt accretion rate of Rs300bn. This debt portfolio generates Rs98bn in markup, which is expected to rise to more than Rs150bn per annum, creating a substantial credit risk for the government of Pakistan (GoP), which guarantees these loans”, the CMA said. It said the presence of sovereign guarantees for public-private partnership (PPP) contracts added further financial strain, amplifying the government’s credit risk exposure. With more than Rs115 billion in loans given by the federal government last year, it is also among the top borrowers. On the other hand, its net assets remained almost static over the last three years, actually declining slightly from Rs5.84tr in FY23 to Rs5.83tr in FY25. Its total equity has been declining over time from Rs2.57tr in FY23 to Rs2.27tr in FY24 and Rs1.95tr in FY25. Conversely, NHA’s total liabilities have been increasing, making it the single-largest entity to accrue current liabilities. Its total liabilities amounted to Rs3.27tr in FY23, increasing to Rs3.54tr in FY24 and reaching Rs3.88tr by the end of FY25. The CMU observed that National Highway Authority’s 2025 performance underscored its strategic importance yet exposed growing fiscal vulnerability. “Despite an impressive surge in toll revenues and build, own and transfer (BOT) project inflows, the authority continues to operate under a persistent deficit, driven by high depreciation and finance costs,” it said. Operating income rose sharply to Rs83.1bn in FY25 (against Rs42.4bn in FY24), propelled by the doubling of toll income to Rs64.4bn. However, the overall income of Rs119.7bn remained insufficient against total expenditures of Rs408.1bn. Consequently, the deficit before levy and taxation stood at Rs292.98bn and the deficit after tax at Rs294.86bn, reflecting continued structural stress. It noted that two critical components eroded National Highway Authority’s profitability. These include depreciation expense of Rs133.8bn, reflecting a heavily capital-intensive asset base and growing maintenance backlog and Rs193.5bn finance cost, up from Rs182bn last year, highlighting the escalating burden of debt and interest rate exposure. The CMU advised diversification of funding sources through infrastructure bonds targeted at domestic institutional investors and international development markets. It said the expansion of public-private partnerships for new road construction, maintenance outsourcing and service area development can shift part of the fiscal and operational burden to the private sector while improving efficiency and service quality. The CMU also called for renegotiating loan terms with lenders to extend maturities, reduce interest rates or convert debt into quasi-equity instruments to create immediate fiscal space. Published in Dawn, February 16th, 2026