German Ambassador calls on Asad Umar
ISLAMABAD: German ambassador, Martin Kobler called on the Finance Minister Asad Umar here on Thursday. The minister warmly greeted the ambassador and said the Government of Pakistan wishes to further…
Asad Umar chairs meeting on Pak-Turkey Economic Framework
ISLAMABAD: Finance Minister Asad Umar here on Wednesday chaired preliminary meeting of the Committee for formulating the proposed Pak-Turkey Strategic Economic Framework. Federal Minister for Defence Production, Zubaida Jalal, Federal…
Transfers and postings in PCS delayed until after mini-budget
KARACHI: Large scale transfers and postings in Pakistan Customs Service, that had been finalized by the Federal Board of Revenue (FBR), have been delayed due to the mini-budget being announced…
Sunday Special: Revamping economy, an uphill task for PTI government
KARACHI: Pakistan Tehreek -e-Insaaf (PTI) governmentfrom its day 1 in the office is facing an almost empty national kitty. The depleted treasury was a planned one by the outgoing Pakistan…
Tapping tax potential: Finance Minister asks FBR to complete property valuation exercise
KARACHI: Finance Minister Asad Umar has directed Federal Board of Revenue (FBR) to complete the exercise of valuation of property to address the anomaly of difference between fair market value…
Pakistan equities gain 1.3 percent in a week
KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 index started the first week of the New Year off on a positive note as it gained 481 points or 1.3 percent, snapping…
FBR seeks to impose FED on telecom import
KARACHI: The Federal Board of Revenue (FBR) has planned to impose Federal Excise Duty (FED) on telecom sector. The proposal was discussed at a briefing to the Finance Minister Asad…
ECC orders a plan for continuous and smooth operation of urea plants
ISLAMABAD: The meeting of Economic Coordination Committee of the Cabinet (ECC) was held here on Tuesday. Finance Minister Asad Umar chaired the meeting, which reviewed the demand and supply situation…
PTI government must consult KCCI prior to announcing mini budget: Chairman BMG
KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has stressed that the PTI government must honor all its commitments made…
Pakistan to fully exploit $4.5bn petroleum import facility
ISLAMABAD: Finance Minister Asad Umar chaired a meeting of senior officials of Finance, Economic Affairs and Petroleum Divisions here on Thursday. The meeting reviewed the existing facilities for import of…
CCOP approves privatization of National Power Parks Management Company
ISLAMABAD: Cabinet Committee on Privatization (CCOP) headed by Finance Minister Asad Umar has Wednesday approved privatization of National Power Parks Management Company (NPPMCL), Press Information Department reported. Secretary Privatization Division…
Asad orders FBR to improve refund system for early processing of exporters’ claims
ISLAMABAD: Finance Minister Asad Umar has advised Federal Board of Revenue (FBR) to review and improve the Expeditious Refund System (ERS) parameters to ensure early processing of exporters’ claims. He…
Another mini-budget on the cards: Asad Umar
KARACHI: Hinting towards another ‘mini-budget’ to address the economic challenges facing the country, Finance Minister Asad Umar said financial aid received from Saudi Arabia, China and the United Arab Emirates…
FPCCI Export Awards held
ISLAMABAD: Ghazanfar Bilour, President FPCCI is presenting crest to Imran Khan, Prime Minister of Pakistan on 42nd FPCCI Export Awards ceremony here on Monday at Jinnah Convention Center Islamabad. S.M.…
Siraj Teli appreciates PM for taking business community’s input on numerous issues
KARACHI: Chairman Businessman Group (BMG) & Former President Karachi Chamber of Commerce and Industry (KCCI) Siraj Kassam Teli, who led a KCCI’s delegation at Sunday’s meeting with Prime Minister Imran…
Government wants on board SBP’s exchange rate policy
ISLAMABAD: The government on Friday asked the State Bank of Pakistan (SBP) to work out a mechanism of consultations with the centre on the exchange rate. The issue came under…