Pakistan’s equity remains volatile on political uncertainty
KARACHI: Pakistan Stock Exchange (PSX) remained under pressure the entire week ended April 19, 2019 owing to lack of clarity over the PM’s decision to make changes in the cabinet,…
Ministry of Petroleum to fully utilize Railways’ capacity for petroleum products transportation across country
ISLAMABAD: Ministry of Railways and Ministry of Petroleum have jointly initiated assessment of the prospects of petroleum products through railways across country.The Ministry of Petroleum briefed the Economic Coordination Committee…
No need of further Pak Rupee devaluation, says Asad Umar
KARACHI: Federal Finance Minister Asad Umar has said that Pak Rupee was very over-values and it caused much loss to the national economy and added the local currency had attained…
In times of economic crisis, Pakistan’s auto assemblers making a fortune
KARACHI: At a time when the entire business community and traders are observing business contraction, declining revenues and downsizing, thanks to the policies of Finance Minister Asad Umar, the local…
SBP launches Electronic Money Institutions Regulations
KARACHI: The State Bank of Pakistan (SBP) held Monday the launching ceremony of regulations of Electronic Money Institutions (EMIs) in Islamabad. Federal Minister for Finance, Revenue and Economic Affairs, Asad…
IMF Mission Chief meets Finance Minister
ISLAMABAD:Finance Minister of Pakistan Asad Umar, met the IMF Mission Chief Ernesto Ramirez Rigo on Tuesday and gave him a briefing on all issues including fiscal, monetary, structural and energy…
Finance minister chairs CCOE meeting
ISLAMABAD: The meeting of Cabinet Committee on Energy (CCOE) was held, chaired by Finance Minister Asad Umar, here today. The Committee considered various proposals to make recovery on fast track…
Pakistan targets $5.5 billion additional exports by 2023
ISLAMABAD: PTI government has set National Financial Inclusion Strategy (NFIS) targets for the next 5 years, which will help to create at least 3 million new jobs and additional exports…
Singapore business delegation meets Finance Minister Asad Umar
ISLAMABAD: Finance Minister Asad Umar received the visiting Singapore business delegation for a meeting here on Thursday. Secretary Board of Investment was also present on the occasion. Finance Minister said…
All upcoming renewable energy projects to be treated under RE Policy 2019
ISLAMABAD: The Cabinet Committee on Energy (CCoE) in its meeting chaired by Finance Minister Asad Umar on Wednesday, approved proposals from Power Division providing for all future Renewable Energy investments…
Asad Umar chairs meeting of PTI Parliamentary Caucus on Economy
Islamabad: Finance Minister Asad Umar chaired the first meeting of PTI Parliamentary Caucus on Economy here on Wednesday. The Minister briefed the lawmakers about steps taken by the government in…
Asad Umar chairs Economic Coordination Committee meeting
ISLAMABAD: Finance Minister Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) here on Tuesday. ECC approved supplementary grant of Rs 46.4 million for payment to…
DFID pledges to enhance assistance to Pakistan
ISLAMABAD: The Department of International Development (DFID) has pledged to enhance its economic and development assistance to Pakistan. Penny Mordaunt, Secretary of State for International Development and Minister for Women…
Asad Umar chairs Economic Coordination Committee meeting
ISLAMABAD: Finance Minister Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) on Tuesday. The meeting considered and approved proposals presented by different ministries. Ministry of…
Steps afoot to rationalize tax regime: Asad Umar
LAHORE: Federal Finance Minister Asad Umar has said that the steps are afoot for rationalization of tax regime. A delegation comprising presidents of fourteen chambers of commerce and industries from…
Asad Umar directs NADRA to use existing data for broadening of tax base
ISLAMABAD: Finance Minister Asad Umar, chairing the first meeting of FBR Policy Board, has advised chairman NADRA to start working on proposals for broadening of the tax base through the…
Independent audit into excessive gas billing planned
ISLAMABAD: Government has decided to conduct an independent audit of the gas billing for December 2018 through external auditors in addition to the inquiry regarding excessive billing already conducted by…
Dutch companies evaluate Pakistan for prospective investment
KARACHI: Two high-level business delegations from Netherland are expected to visit Pakistan shortly as several Dutch companies have expressed interest in investing in the country. Deputy Ambassador of Netherlands Josephine…
DFID chief economist calls on Finance Minister Asad Umar
ISLAMABAD: Chief Economist, Department for International Development (DFID), UK, Rachel Glennerster called on Finance Minister Asad Umer here on Wednesday. Glennerster appreciated the measures taken by the government to stabilize…
2nd Supplementary Finance Bill to support women entrepreneurs: Asad Umar
LAHORE: Federal Finance Minister Finance Asad Umar has said Supplementary (2nd Amendment) Bill 2019 would definitely facilitate the 51 percent of the population (womenfolk) as steps to be taken through…