Business

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 »

ISLAMABAD:(APS) JUNE 3,2016-A relief loaded and growth oriented federal budget for the next financial year has been announced with a total outlay of 4395 billion rupees. Presenting budgetary proposals in the National Assembly on Friday evening, Finance Minister Ishaq Dar described it a historic day for agriculture sector as the budget envisages extensive relief and incentives for farmers. He said ... Read More »

ISLAMABAD:(APS)June 2, 2016-Economic Survey, pre-budget documents, says the country achieved GDP growth rate of 4.7% during the outgoing financial year. The survey was released by Finance Minister Ishaq Dar at a news briefing in Islamabad on Thursday afternoon. He said the country could not achieve the GDP growth rate target of 5.21% due to losses in cotton crop, which had ... Read More »

ISLAMABAD:(APS)May 30, 2016-Prime Minister Nawaz Sharif has given directions for inclusion of a special package for development of agriculture in the next year’s budget. Addressing meeting of the Federal Cabinet through video link from London on Monday evening, he also gave instructions for substantial reduction in the prices of Urea fertilizer for the benefit of farmers. The Prime Minister said ... Read More »

ISLAMABAD:(APS)May 21, 2016-The Finance Minister Ishaq Dar says every effort will be made to provide relief to the people in the next budget. Addressing a pre-budget seminar in Islamabad, he said all the positive suggestions will be incorporated in budgetary proposals. He invited all political parties to give their inputs for preparing a concrete roadmap to strengthen national economy. He ... Read More »

ISLAMABAD:(APS)April 24, 2016-Finance Minister Ishaq Dar has directed the Ministry of Industries and Production to prepare a special Ramazan Package to facilitate the people. The Minister in a statement on Sunday, also directed that the recommendations of Special Ramazan Package be submitted to the Economic Coordination Committee within ten days. Ishaq Dar said as per the previous practice, the new ... Read More »

ISLAMABAD:(APS)April 23, 2016-Finance Minister Ishaq Dar says reforms in different sectors have put the national economy on positive trajectory.  Addressing a pre-budget seminar in Islamabad, he said tax revenue collection has increased by fifty-six percent over the last three years.  The Finance Minister said tax net has been improved and 3100 billion rupees tax revenue target has been set for ... Read More »

ISLAMABAD:(APS)April 14, 2016- The Finance Committee of the National Assembly met under the chairmanship of Sardar Ayaz Sadiq, Speaker National Assembly in Parliament House, today.  The Committee approved the proposed budget of the National Assembly Secretariat for the fiscal year 2016-17 amounting to Rs.3,468 million. The Committee was informed that there was no variation between the revised estimates and sanctioned ... Read More »

ISLAMABAD:(APS)April 9, 2016-A meeting, chaired by Finance Minister Ishaq Dar in Islamabad discussed third and final phasing out plan for withdrawal of concessionary regime known as SROs. The Minister asked Federal Board of Revenue to keep up good efforts for revenue generation to meet the target set for the current financial year. The meeting also reviewed preparations for World Bank ... Read More »

LAHORE:(APS)April 2, 2016-Finance Minister Ishaq Dar has said the government has no plan to privatize Pakistan International Airlines and neither its hotels are being sold. Addressing a ceremony in Lahore on Saturday, he said the opposition has been taken into confidence on the issue of PIA. Ishaq Dar said a bill about PIA will be tabled in the joint session ... Read More »

ISLAMABAD:(APS) March 27, 2016-Qul of Ms. Farwah Assad-daughter of Rana Assad Ameen, AGP, was observed today here at AGP’s residence in F-6/3 after “Asar” prayer. Ms. Farwah died a few days ago in Sweden, while she was a student there. Her funeral was held on 24-03-2016 and was buried in H-8 graveyard. Federal Mininister for Finance, Senator Muhammad Ishaq Dar, ... Read More »

ISLAMABAD:(APS)MARCH 22,2016-Prime Minister Nawaz Sharif has said that Pakistani and Turkish leadership share vision of transforming the traditionally cordial bilateral ties into a robust economic partnership. He was talking to Turkish Minister of Economy Mustafa Elitas in Islamabad on Tuesday. The Prime Minister expressed satisfaction over the growing Pakistan-Turkey economic collaboration. He said Ministry of Commerce has been directed to ... Read More »

  ISLAMABAD:(APS)March 20, 2016-Prime Minister Muhammad Nawaz Sharif has approved the Strategic Trade Policy Framework (STPF) 2015-18. The mid-term strategic trade policy framework has been formulated through an extensive consultative process spanning over almost a year keeping in view the current trends in global trading environment and the declining trend witnessed in Pakistan’s exports during 2015 due to exogenous shocks ... Read More »

ISLAMABAD:(APS)MARCH 13,2016-World Bank says Pakistan has made impressive progress in reducing absolute poverty and improving shared prosperity. The WB in its recently published report “Pakistan Country Snapshot” said percentage of the population below the national poverty rate has fallen from 34.7 per cent to 12.4 per cent in  2011. The report said poverty reduction has been stronger in Khyber Pakhtunkhwa ... Read More »

ISLAMABAD:(APS)MARCH 4,2016-Finance Minister Ishaq Dar says the government is now fully focusing on achieving growth and employment generation after gaining economic stability. He was chairing a meeting which was also attended by World Bank Country Director Pochumuthu Illangovan in Islamabad. The Minister appreciated the contribution of the World Bank for various development projects. The World Bank Country Director said the ... Read More »

ISLAMABAD:(APS)FEB 19,2016- Pakistan has decided to lift sanctions against Iran and has devised a strategy to promote trade ties with the oil rich country, a ministerial meeting decided on Friday, APS reported. According to a notification issued by the Ministry of Foreign Affairs, Islamabad will revive all economic and commercial relations with Tehran, including the areas of trade, investment, technology, ... Read More »