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PML-N Economic Performance Slides Down, PRIME New Scorecard Issued

  PML-N receives 38% marks in Economic Revival and 44% in Energy Security Islamabad July 31, 2015: Even after 2 years in power, the current government of PML-Nhas still not initiated the massive economic reforms on which it won the general elections 2013,said the report issued by Policy Research Institute of Market Economy (PRIME), an independent think tank. According to ... Read More »

FINANCE MINISTER ADDRESSES CHIEF COMMISSIONERS’ CONFERENCE

  ISLAMABAD:(APS) July 24, 2015 -Addressing the Chief Commissioner’s Conference, the Finance Minister, Senator Mohammad Ishaq Dar here on Friday appreciated FBR’s performance, despite the challenges of reduced oil prices, drop in commodity prices and low inflation faced by it. The Minister commended the FBR on increasing its revenue collection by 33% and increasing the tax to GDP ratio from ... Read More »

Pak-China pipeline has started work;Shahid Khaqan Abbasi

ISLAMABAD:(APS) Minister of Petroleum and Natural Resources Shahid Khaqan Abbasi said Pakistan has started construction work on a seven hundred-kilometre pipeline to import liquefied natural gas (LNG) from China, said a report on Radio Pakistan. Abbasi said the project will be jointly funded by Pakistan and China. He also said that Gwadar port will be used as the central hub ... Read More »

Iran will start gas supplies in two years;Shahid Khaqan Abbasi

ISLAMABAD (AFP) – Islamabad is hopeful of reviving a stalled gas pipeline project connecting Iran to energy-starved Pakistan, a minister told AFP Wednesday following the signing of a historic nuclear deal between Tehran and world powers. Launched in 2010, the project envisages the creation of an 1,800 kilometre (1,100 mile) pipeline from Iran to Pakistan, which has for years been ... Read More »

FINANCE MINISTER ANNOUNCES  WITH  BUSINESS COMMUNITY

FINANCE MINISTER ANNOUNCES WITH BUSINESS COMMUNITY

ISLAMABAD:(APS) July 9, 2015;Members of the Business community and the  Federal Board of Revenue here on Thursday agreed for adjusting 0.3 percent Withholding Tax (WHT) for non-filers up to September 30, 2015. The agreement between the two sides calls upon non-filers to file their returns on or before 30th September, 2015 for period ending 30th June 2015. SAPM on Revenue, ... Read More »

SC ANNOUNCES 13 VACANCIES OF LAW CLERKS

ISLAMABAD:(APS) Supreme Court of Pakistan has announced 13 positions of Law Clerks for a period of 01 year commencing in September, 2015 as part of the Supreme Court’s Law Clerkship Programm. The required qualification/terms and conditions are mentioned in advertisement available on Supreme Court website: www.supremecourt.gov.pk.   Interested candidates may apply after going through the advertisement. The deadline for submitting applications ... Read More »

Punjab CNG stations to reopen from July 08

Punjab CNG stations to reopen from July 08

ISLAMABAD:(APS)July 06;Central leader of All Pakistan CNG Association (APCNGA) Ghiyas Abdullah Paracha on Monday said hundreds of CNG stations will reopen from July 08. Efforts are underway to keep Punjab CNG stations operational on continued basis which will help CNG operators and masses seeking economical and environmentally friendly fuel. Decision to this effect was reached in a meeting between Petroleum ... Read More »

The country’s current system is elite friendly,anti-people and exploitative

The country’s current system is elite friendly,anti-people and exploitative

  ISLAMABAD:(APS)July 05;The Pakistan Economy Watch (PEW) on Sunday said the existing system is exploitative, anti-masses and titled in favour of nobility which is damaging country steadily. Masses are being squeezed to promote the interests of irresponsible elite who have become parasites on the national resources, it said. Accountability, reforms and increasing tax base have become catchy slogans while privatization ... Read More »

Finance Minister meets delegation of PBA, APNS and CPNE

ISLAMABAD:(APS) June 13, 2015;Finance Minister Senator Mohammad Ishaq Dar here Saturday met a delegation of the Pakistan Broadcasters Association, APNS and CPNE which among others included Mr. Hamid Haroon, Mr. Mujeeb ur Rehman Shami, Mr. Rehmat Ali Razi, Mr. Arshad Zuberi, Mr. Jamil Ather, Mir Ibrahim ur Rehman, Dr. Basit Riaz Sheikh, Mr. Bilal Lakhani and Mr. Naveed Kashif. The ... Read More »

Budget has been proposed to rich class on IMF conditions: Syed Khursheed Shah

Budget has been proposed to rich class on IMF conditions: Syed Khursheed Shah

ISLAMABAD: (APS NEWS)Leader of the Opposition in the National Assembly Syed Khursheed Shah on Tuesday called the PML-N budget for the upcoming fiscal year “pro-rich”, and said it is unlikely that revised revenue targets will be met. Shah said the fiscal year 2015-2016 budget proposals were made on conditions placed by the International Monetary Fund. He demanded a new National ... Read More »

Finance Minister announces new PoL prices

Finance Minister announces new PoL prices

ISLAMABAD:(APS)May 31, 2015;Finance Minister, Senator Ishaq Dar here on Sunday, with concurrence of the Prime Minister, announced new prices of five PoL products i.e Petrol, HSD, Kerosene Oil, HOBC and LDO which would be effective from 1st of June 2015. The Minister said that OGRA had proposed increase of Rs. 6.19  per litre in MS Petrol but we have only ... Read More »

Finance Minister meets textile sector delegation

Finance Minister meets textile sector delegation

Islamabad:(APS)May30,2015;Finance Minister, Senator Mohammad Ishaq Dar here on Saturday had an interactive session with representatives of the textile industry, considering their proposals for the budget 2015-16. Chairman FBR, Tariq Bajwa and Advisor Finance Division, Rana Assad Amin were also present. The Minister was apprised about the issues and difficulties faced by the textile industry of which energy, the senior reps ... Read More »

ECC APPROVES RS 1.5 BILLION RAMADAN PACKAGE

ECC APPROVES RS 1.5 BILLION RAMADAN PACKAGE

Islamabad:(APS) April 30, 2015;ECC of the Cabinet in its meeting chaired by Finance Minister, Senator Mohammad Ishaq Dar here on Thursday approved Rs 1.5 billion Ramadan package as compared to the Rs. 1.4 billion approved last year. The Government, the Chair said allowed the special price relaxation despite already dropping prices of necessities owing to low level of inflation. This ... Read More »

Pakistan Fashion & Textile Week to expand trade: Javed Malik

Pakistan Fashion & Textile Week to expand trade: Javed Malik

Dubai:(APS) April 26, 2015;Pakistan’s Ambassador at Large, Javed Malik inaugurated The Pakistan Fashion & Textile Week in UAE as the Chief Guest on 25th April 2015 at a prominent five star hotel in Dubai. The event has been organized to showcase Pakistani designers, fashion, fabrics and textiles at an international level, and was fully packed by guests from various nationalities. ... Read More »

ISHAQ DAR MEETING WITH US BUSINESSMEN

ISHAQ DAR MEETING WITH US BUSINESSMEN

Chaudhry Ahsan Premee Associated Press Service Islamabad; April 17, 2015;Federal Finance Minister Senator Mohammad Ishaq Dar briefed US Investors and Businessmen regarding economic situation of Pakistan, under the auspices of US-Pakistan Business Council  (USPBC), in Washington-DC. He  assured them that the government was keen to resolve all genuine issues of the investors so that they could support government’s efforts to ... Read More »

PM MEETS PIA UNION OFFICIALS

PM MEETS PIA UNION OFFICIALS

Islamabad; April 17, 2015(APS)Prime Minister Muhammad Nawaz Sharif met PIA’s Air League union officials at the PM House here this morning. Matters pertaining to the revival of PIA came under discussion during the meeting. The Prime Minister congratulated the Air League for taking the office of Collective Bargaining Agent (CBA) and expressed the hope that the League would work to ... Read More »

BISP IS DIRECTLY CONTRIBUTING IN THE HUMAN DEVELOPMENT: MARVI

BISP IS DIRECTLY CONTRIBUTING IN THE HUMAN DEVELOPMENT: MARVI

Islamabad:(APS) April 15, 2015;Chairperson Benazir Income Support Programme (BISP) and Minister of State, MNA Marvi Memon said that BISP is directly contributing in the human development and economic, social and political inclusion of the marginalized segments of the society especially women. She was speaking in the Third Annual Conference organized by Pakistan Strategy Support Program (PSSP) at Serena Hotel as ... Read More »

HBL DIVESTMENT-STRIKE PRICE APPROVED

HBL DIVESTMENT-STRIKE PRICE APPROVED

ISLAMABAD:(APS) April 11, 2015;The Cabinet Committee on Privatization in its meeting chaired by Finance Minister, Ishaq Dar here on Saturday approved strike price of Rs. 168/-per share for divestment of 609 million GoP residual shares in HBL as recommended by the Privatization Commission Board. The Chairman Privatization Commission, Mohammad Zubair informed the Finance Minister that the transaction received overwhelming response ... Read More »

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