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Pakistan, Japan Sign $2.2m Grant for Scholarships

Pakistan, Japan Sign $2.2m Grant for Scholarships in Japanese Universities

Pakistan and Japan have signed a JPY 350 million ($2.2 million) grant agreement for the Human Resource Development Scholarship Program (JDS) 2026. Under the programme, 16 Master’s scholarships and one PhD scholarship will be provided to young Pakistani federal civil service and ex-cadre officers for study at universities in Japan. The agreement was signed at the Ministry of Economic Affairs on August 11. The grant marks the ninth instalment of the JDS project, which has been implemented in Pakistan since 2018.

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Local Affairs

August Inflation Hits 11.15%, Rising From 9.2% in July

Pakistan’s annual consumer price inflation surged to 11.15% in August 2026, up from 9.2% in July, according to the Pakistan Bureau of Statistics. Urban inflation accelerated to 10.4%, while rural inflation remained above both the national and urban rates. On a month-on-month basis, urban prices increased by 0.9%, signaling stronger inflationary pressure across the country.

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PM Shehbaz Arrives in Bishkek

Prime Minister Shehbaz Sharif has arrived in Bishkek for the SCO Council of Heads of State meeting and SCO Plus Summit. During his three-day official visit to Kyrgyzstan, Pakistan will assume the chairmanship of the SCO Council of Heads of State for 2026–2027. The prime minister will also hold bilateral meetings with participating leaders and is accompanied by senior cabinet members and government officials.

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Engro to Sell EPCL Stake for Rs19.7bn

Engro Corporation Limited has signed a share purchase agreement with Lotte Chemical Pakistan Limited to sell its entire 56.19% stake in Engro Polymer & Chemicals Limited. The transaction is valued at approximately Rs19.7 billion, equivalent to around $70.95 million. The agreement follows Engro’s 2025 restructuring, which established Engro Holdings as the conglomerate’s investment arm.

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