Business

ISLAMABAD:(APS)December 19, 2016-The Senate on Monday passed a resolution seeking withdrawal of high denomination Rs5,000 currency notes from circulation in order to curb the flow of black money. Senator Usman Saif Ullah Khan of PML tabled the resolution that was endorsed by the majority of law makers in the Upper House. The resolution said that the withdrawal of Rs5,000 notes ... Read More »

ISLAMABAD:(APS)December 2, 2016-Finance Minister Ishaq Dar says the economy of the country has been improved and strengthened due to the prudent policies of the government. He was addressing participants of National Security Workshop at Institute for Strategic Studies, Research and Analysis, National Defence University in Islamabad today. The Finance Minister said that after coming into power in 2013, the government ... Read More »

ISLAMABAD: (APS)November 28, 2016-The 2nd meeting of the 9th National Finance Commission (NFC) was held in Islamabad today with the Finance Minister Ishaq Dar in the chair. The meeting unanimously approved the Biannual Implementation Monitoring Report of the 7th NFC Award. The Commission received presentations from the four Working Groups and prepared recommendations for the 9th NFC Award. The Commission ... Read More »

ISLAMABAD:(APS)November 25, 2016-The President of Federation of Chambers of Commerce and Industry (FPCCI) Rauf Alam and former President of FPCCI Muzamil Sabri called on the Federal Minister for Finance Senator Mohammad Ishaq Dar here today. Rauf Alam expressed his gratitude to the Prime Minister Nawaz Sharif and thanked the Finance Minister for reducing Rs. 200 per MMBTU in the gas ... Read More »

Chiniot:(APS) November 14, 2016- We will provide academic facilities to Chiniot like Oxford. Medical College will be functioned soon.  New opportunities for business will be provided and the city will be become the hub of economic activities.  It was stated by Chairman Finance Committee of National Assembly Qaiser Ahmed Sheikh on the occasion of inauguration ceremony of Welfare Complex here ... Read More »

ISLAMABAD:(APS)October 26, 2016-The Senate Standing Committee on Finance, Revenues, Economic Affairs, Statistics and Privatization met at the Parliament House under the Chairmanship of Senator Saleem Mandviwalla.  The Committee besides some other issues also considered different Bills referred by the House for consideration and report.  The Committee unanimously recommended that the Companies (appointment of legal advisors) Bill, 2016, may be passed ... Read More »

Doha :(APS)October 24, 2016-President Mamnoon Hussain has said economic stability and improvement in law and order has attracted investors from across the world to Pakistan. He was talking to a delegation of Qatari businessmen association in Doha today which expressed deep interest to invest in Pakistan. The President said the central Asian states have also expressed their confidence in the ... Read More »

ISLAMABAD:(APS)October 24, 2016-Christine Lagarde, Managing Director, IMF called on Prime Minister Muhammad Nawaz Sharif at PM House today. Appreciating IMF’s assistance for Pakistan’s economic recovery and macroeconomic stability, the Prime Minister said that the present Government has achieved economic stability by pursuing a comprehensive reforms agenda. The Prime Minister added that the tireless efforts of the economic team of the ... Read More »

KARACHI:(APS)October 23, 2016-State Bank said that have been frozen for more than four thousand bank accounts of those involved in terrorist activities in the country. The State Bank of Pakistan spokesman Abid Qamar said that according to the list provided by the counter-terrorism institutions NACTA there were frozen in bank accounts whose names are contained in the Fourth Schedule of ... Read More »

ISLAMABAD:(APS)October 22, 2016-Finance Minister Ishaq Dar says the government is successfully dealing with the challenges of economy, energy shortage, and terrorism. He was addressing the inaugural ceremony of the new building of Federation of Pakistan Chambers of Commerce and Industry in Islamabad on Saturday. The Finance Minister said the country was on the brink of bankruptcy in 2013 with less ... Read More »

WASHINGTON: (APS) October 8, 2016– Authorities of International Monetary Fund and the World Bank have declared Ishaq Dar, the best Finance Minister in South Asia of 2016 in an annual meeting. Dar is to be presented an award in this regard by the foreign authorities this year. Sources privy to Finance Ministry reported that in light of tensed situation at ... Read More »

ISLAMABAD:(APS)Sept 09,2016-Iran’s Ambassador to Pakistan Mehdi Honardoust has said his country has the capability to help the development of the economy of Pakistan through energy supply and construction of roads, railways dams and others area. He said that bilateral trade will get unprecedented boost after resolution of problems regarding banking which would disappear soon. He said while talking to President ... Read More »

ISLAMABAD:(APS)August 30, 2016-Finance Minister Ishaq Dar says efforts are being made to finalize the next NFC Award by December 31 this year. He was talking to newsmen along with Sindh Chief Minister Syed Murad Ali Shah after a meeting in Islamabad on Tuesday afternoon. The Finance Minister said an important meeting in this regard will be held in Lahore on ... Read More »

ISLAMABAD (APS)August 10, 2016- – Federal Minister of Finance Ishaq Dar submitted a written statement in the National Assembly (NA) on Wednesday, stating that the Federal Board of Revenue (FBR) has initiated investigation against the Panama Leaks, reported APS News. It was further added in Dar’s statement that FBR was obtaining documented evidence regarding investment made in off-shore companies and ... Read More »

ISLAMABAD:(APS)July 30, 2016-The government has decided to keep the prices of petroleum products unchanged for the next month. Talking to newsmen in Islamabad on Saturday afternoon, Finance Minister Ishaq Dar said the decision has been taken on the directive of Prime Minister Muhammad Nawaz Sharif. He said the government will provide subsidy of two billion rupees on price of petroleum ... Read More »

ISLAMABAD:(APS)July 15,2016-Federal Minister for Religious Affairs Sardar Muhammad Yousuf has said that we support demand of the FPCCI for one-year multiple Saudi visa for the businessmen while Hajj quota for the business community would be seriously considered. He said that arrangements for Hajj have been improved while the opinion of stakeholders is very important for further improvement. The minister said ... Read More »

ISLAMABAD:(APS)July 1, 2016-Finance Minister Ishaq Dar has said the federal board of revenue has achieved the tax collection target of 3104 billion rupees for the fiscal year 2015-16. Talking to the media persons in Islamabad today, he termed this an historic achievement of the FBR. The Finance Minister said that the foreign exchange reserves have crossed the mark of twenty ... Read More »

ISLAMABAD: (APS) July 1, 2016– A notification regarding the increment in salaries of government employees has been issued on Friday. According to details, overall 13% increase has been made in the salaries which include 10% annual raise and 3% from ad-hoc relief allowances. As per the notification issued by Finance Ministry, the minimum salary of Grade-1 employee will be Rs12,600 ... Read More »

LAHORE: (APS) JUNE 13,2016-  Punjab Finance Minister Ayesha Ghaus Pasha on Monday presented the budget of the province worth Rs 1681 billion. Punjab Chief Minister (CM) Shehbaz Sharif was also present in the house for the budget speech. The session was presided over by Punjab Assembly Speaker Rana Iqbal. The budget was presented by Finance Minister Dr Ayesha Ghaus Pasha. ... Read More »

By: Daanika Kamal  Infographic design by Zara Haque  Finance Minister Ishaq Dar recently unveiled the federal budget for the fiscal year July 2016 to June 2017, with a total outlay of Rs. 4.39 trillion indicating a 7% increase over the preceding year. Opposition parties have noted the inequitable provincial distribution of the budget, which has been allocated as follows: Punjab, ... Read More »