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Islamabad | ReNews Pakistan
The government has sharply reduced its development spending by Rs173 billion, bringing the Public Sector Development Programme (PSDP) down to Rs837 billion, as it struggles to meet fiscal targets agreed with the International Monetary Fund (IMF) amid external economic pressures.
Officials said the reduction, equivalent to 17% of the annual allocation, was implemented in two phases, with Rs100 billion slashed on March 25 followed by an additional Rs73 billion cut last week. The move is aimed at offsetting the fiscal impact of ongoing Middle East tensions and ensuring compliance with the IMF’s requirement of maintaining a primary budget surplus.
Originally, the National Assembly had approved a development budget of over Rs1 trillion for the current fiscal year. However, competing financial pressures and limited revenues have forced the government to scale back spending significantly.
The largest reduction of Rs38 billion has been made in the allocation for the National Highway Authority (NHA), followed by cuts of Rs23 billion in the water sector and Rs22.5 billion in provincial development schemes. Other sectors also faced reductions, including power (Rs16 billion), higher education (Rs7.2 billion), education (Rs5.5 billion), and health (Rs2.4 billion).
Despite widespread cuts, allocations for parliamentarians’ development schemes and the Ministry of Planning and Development were largely protected in the latest round. Officials indicated that safeguarding flood rehabilitation projects in Balochistan was a key reason behind this decision.
The revised figures show that development spending has already lagged behind targets. In the first nine months of the fiscal year, only Rs409 billion, about 41% of the original allocation, was utilised, reflecting delays in fund releases and slow project execution.
Planning Minister Ahsan Iqbal has criticised the finance ministry’s approach, arguing that cutting development expenditure undermines long-term economic growth. He stressed the need to create fiscal space by reducing current expenditures and improving revenue collection instead of scaling back investment in infrastructure and public services.
Meanwhile, Pakistan remains under pressure to meet its commitment of achieving a primary budget surplus of 2.6% of GDP under the IMF programme. However, concerns persist, with international rating agency Fitch warning that the country may miss this target despite adjustments.
Finance Minister Muhammad Aurangzeb recently met IMF’s Middle East and Central Asia Director Jihad Azour on the sidelines of the World Bank IMF Spring Meetings, expressing hope for early approval of a $1.2 billion loan tranche. However, no timeline has yet been confirmed for the IMF Executive Board’s decision.
Analysts note that the continued reliance on cutting development spending to manage fiscal deficits could have adverse implications for economic growth, infrastructure development, and public welfare. Nonetheless, some priority projects, including a new jail in Islamabad, selected health schemes, and the safe city initiative, are expected to receive funding on the Prime Minister’s directives despite the broader austerity measures.

Columbus | ReNews International Desk News
Taylor Swift and Travis Kelce's $5.35 million property in Ohio has once again attracted public attention, this time over a proposed security fence around the mansion. The development has drawn interest as the high profile couple continues to make arrangements for their private residence.
Swift and Kelce purchased the Ohio property in March this year. The residence reportedly covers approximately 21,000 square feet, making it a substantial private estate. Since the purchase, security and privacy measures surrounding the property have attracted attention, particularly because of the couple's international celebrity status.
According to reports, a request to construct a security fence around the property was presented to the local building board but has not yet received final approval. The matter was considered by the relevant board on August 11 and again on September 8, but no final approval was granted on either occasion.
Despite the property's $5.35 million value and its celebrity owners, any structural changes to the estate remain subject to local building and planning regulations. Property owners are generally required to obtain approval for certain construction work, regardless of whether the property belongs to an ordinary homeowner or an internationally recognised celebrity.
The case has generated additional interest on social media because it offers a glimpse into the practical challenges faced by high profile homeowners. Even luxury estates owned by major celebrities remain subject to local planning requirements when owners seek to make changes to their properties.

Peshawar | ReNews Pakistan
DHA Peshawar has signed a Memorandum of Understanding with Royal Saddle & Shot Club to develop a dedicated Horse Riding and Skeet Shooting Club within DHA Peshawar. The agreement was announced on September 15, 2026.
The new facility is planned to introduce specialized sporting activities, including horse riding and skeet shooting, as part of DHA Peshawar’s growing range of community and lifestyle amenities.
The initiative is part of DHA Peshawar’s broader effort to expand beyond residential infrastructure and provide residents with a wider mix of sports, recreation and lifestyle facilities.
However, details regarding the club’s exact location, land allocation, construction timeline, membership structure and opening date have not yet been officially disclosed.
The proposed facility could add a distinctive sports and lifestyle element to DHA Peshawar, further expanding the range of amenities available within the planned community.

Aurora | ReNews International Desk News
A major urban development project in Aurora, Colorado, is set to bring around 4,900 new homes across approximately 960 acres, with the full development potentially taking up to 30 years to complete.
The project is being planned as more than a conventional housing development, with a broader city sized community expected to include residential areas, infrastructure and other facilities designed around future growth.
One of the most notable aspects of the project is the developer’s additional landholding of roughly 3,500 acres surrounding the development. This could provide significant scope for further expansion over the longer term.
The scale of the proposal reflects a growing trend toward large master planned communities, where thousands of homes are developed alongside supporting infrastructure and services rather than as isolated residential projects.
With a potential 30 year development timeline, the Aurora project represents a long term mega real estate and urban development undertaking that could continue to reshape the area over several decades.

Hidden Hills | ReNews International Desk News
Model and businesswoman Kylie Jenner has sold her more than 13,000 square foot luxury mansion in Hidden Hills for $15.3 million.
The property featured 8 bedrooms,8 bathrooms,a swimming pool,a spa,an outdoor kitchen,a six car garage and a separate guest house.
The expansive property and luxury amenities made the mansion one of Jenner’s notable real estate holdings.
However,the sale does not mark Jenner’s exit from the real estate market. She is continuing construction of a new dream home on approximately 5 acres in Hidden Hills.
Once completed,the new residence is expected to become another major addition to Jenner’s luxury real estate portfolio.

Lahore | ReNews Pakistan
Lake City Lahore has launched a free internal community train service for residents, students and employees, introducing a modern facility that is being described as a first of its kind in a private housing scheme in Pakistan.
Under the new service, two trackless trains are operating daily from 9 AM to 9 PM, connecting different important locations within the housing development.
The community train service provides transportation facilities between key points including the Raiwind Road Gate, Ring Road Gate, Lake City Mall, Grand Mosque and the central roundabout.
The initiative aims to improve internal mobility within the large residential development and reduce dependence on private vehicles for short distance travel.
According to Lake City Lahore, security arrangements and surveillance cameras have been installed in the trains to ensure a safe travel environment for passengers.
The community transport service has been introduced to improve connectivity between residential, commercial, educational and recreational areas within the development.
Lake City Lahore is a modern mixed use development featuring residential and commercial areas, a mall, educational facilities, parks and a golf course.

Lahore | ReNews Pakistan
The Punjab government has amended the Punjab Private Educational Institutions Act to bring home based tuition centres, coaching centres and academies operating in residential areas under the definition of private educational institutions and the tax system.
Under the Punjab Private Educational Institutions Act 2026, tuition centres run from homes, including those operated by women and girls, along with small coaching centres and neighbourhood academies, will now be recognised as private educational institutions.
The amended law states that buildings and properties used by these institutions will fall under the property tax regime, while electricity and water connections will be treated as commercial.
Small private schools operating in residential areas will also come under the tax system, regardless of whether they are registered or unregistered.
The decision has received criticism from the All Pakistan Private Schools Colleges Association, which has called for the withdrawal of the amendment.
The association said the move could particularly affect women and girls who provide home based tuition to a limited number of students to support their household incomes.
It added that treating small scale tuition centres as commercial establishments could increase property and utility related expenses and create additional pressure on low income families.
The association has urged the Punjab government to reconsider commercial taxes and property related charges on home based tuition centres.

Lahore | ReNews Pakistan
The Punjab government has amended the Punjab Private Educational Institutions Act to bring home based tuition centres, coaching centres and academies operating in residential areas under the definition of private educational institutions and the tax system.
Under the Punjab Private Educational Institutions Act 2026, tuition centres run from homes, including those operated by women and girls, along with small coaching centres and neighbourhood academies, will now be recognised as private educational institutions.
The amended law states that buildings and properties used by these institutions will fall under the property tax regime, while electricity and water connections will be treated as commercial.
Small private schools operating in residential areas will also come under the tax system, regardless of whether they are registered or unregistered.
The decision has received criticism from the All Pakistan Private Schools Colleges Association, which has called for the withdrawal of the amendment.
The association said the move could particularly affect women and girls who provide home based tuition to a limited number of students to support their household incomes.
It added that treating small scale tuition centres as commercial establishments could increase property and utility related expenses and create additional pressure on low income families.
The association has urged the Punjab government to reconsider commercial taxes and property related charges on home based tuition centres.

Boca Chica, Texas | ReNews International Desk News
A futuristic “Tesla Tiny House” supposedly selling for just $7,999 has become one of social media’s biggest property stories, attracting more than 120 million reported views ,despite the house itself not actually existing as a Tesla product.
Videos circulating across YouTube, Facebook and other platforms show sleek compact homes carrying Tesla branding and claim that Elon Musk’s company is offering an ultra affordable house equipped with futuristic technology.
Some versions of the viral claim go even further, promising buyers free land and freedom from property taxes.
There is one major problem: Tesla does not sell the house.
The viral story appears to combine several unrelated pieces of real and fabricated material. One source of confusion is Tesla’s 2017 Tiny House demonstration project in Australia, a mobile display created to showcase the company’s solar panels and Powerwall energy storage system. The demonstration unit was never offered as a residential product for sale.
Other viral videos have incorporated imagery associated with Boxabl, a genuine American prefabricated housing company that has previously attracted attention because of its reported connection with Elon Musk.
Artificial intelligence generated images and video sequences have also been used to create futuristic Tesla branded houses that appear convincing enough to attract millions of viewers.
Reports tracking the misinformation say videos promoting the supposed $7,999 Tesla home accumulated more than 120 million views over several months, demonstrating how quickly an attractive property story can spread when a famous technology brand, an extraordinarily low price and futuristic architecture are combined.
The episode has also highlighted a growing challenge for the property industry: as artificial intelligence makes fabricated buildings increasingly realistic, social media audiences may find it harder to distinguish genuine property launches from fictional designs and misleading promotional content.
For now, the viral $7,999 Tesla Tiny House remains an internet sensation , but not a home anyone can actually order from Tesla.

Shanghai | ReNews Pakistan
What happens to a plastic milk bottle after the milk is gone? In Shanghai, thousands of them took an unexpected route — they became part of a road.
More than 6,000 used milk bottles, along with other discarded plastic, were incorporated into a road project at East China University of Science and Technology in 2021.
The unusual experiment was developed by Dow and dairy brand Shiny Meadow to demonstrate how plastic that is often difficult for traditional recyclers to process could instead be converted into a material for road construction.
The recovered plastic was processed and used in polymer-modified asphalt, turning a waste problem into a potential infrastructure resource.
The initiative aimed to explore ways of reducing plastic waste while also examining the potential to reduce bitumen consumption and emissions through the use of recycled materials.
The project offered a striking example of circular economy thinking: plastic waste that might otherwise be rejected by recyclers was transformed into part of a road.