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Govt to provide subsidies on essential commodities: Finance Minister

ISLAMABAD: Finance Minister Shaukat Tarin has said the government will start giving targeted subsidies from this month on essential commodities including sugar, flour and pulses. Addressing a news conference, the federal minister said the targeted subsidy will be in the

Pakistan to receive $2.77bn from IMF on Aug 23

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin said that Pakistan would receive $2.77 billion on August 23 from the International Monetary Fund’s (IMF) general allocations of $650 billion that had been approved to boost global liquidity amid the

IMF’s flexibility

Finance Minister Shaukat Tarin has announced that Pakistan is not leaving the IMF programme nor is it being suspended. There was immense speculation after Pakistan introduced the Budget 2021-22 without imposing any new taxes in defiance of the terms set

ECC approves Rs9.85bn supplementary grants

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved Technical Supplementary Grants (TSGs) worth Rs 9855.984 million for various divisions. The cabinet committee meeting was chaired by Federal Minister for Finance and Revenue Shaukat Tarin attended

Finance Minister to present National Economic Survey today

ISLAMABAD: Finance Minister Shaukat Tarin will unveil the National Economic Survey 2020-21 on Thursday (today) for the outgoing fiscal year to provide an overview of the national economy, highlighting performance and achievements in different sectors during the fiscal year. In

PML-N’s poor economic policies caused $20bn loss: Tarin

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has said the prevailing economic challenges were the consequences of the PML-N government’s poor economic management which caused $20 billion loss to the national economy. Addressing a virtual press conference flanked

Finance Minister stresses on curbing role of middlemen in agriculture

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has stated that achieving economic sustainability is the biggest challenge in the field of agriculture. The minister held a meeting with SAPM on Food Security Jamshed Iqbal Cheema on Farm Gate

Will Tarin succeed?

The underlying question on everyone’s mind remains: Will Shaukat Tarin succeed? The prime minister brought a new finance minister – his fourth since the government was formed – and seems to hold him in high regard. Will Tarin succeed in

Economic growth

It is now less than a month before the government passes the budget for the next fiscal year on June 11. We have heard the oft-repeated statement from the prime minister that relief for masses in on the way and

Finance Minister seeks support to stimulate economic recovery

ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin sought support from development partners to stimulate economic recovery during the ‘challenging’ third wave of the coronavirus. “The third wave of COVID-19 is particularly challenging and Pakistan needs support of development

New finance minister

Pakistan has its third finance minister in weeks. The prime minister appointed noted banker Shaukat Tarin as the country’s finance minister in yet another cabinet reshuffle. The PTI government has now had four finance ministers in three years, raising concerns

Shaukat Tareen appointed Finance Minister in latest cabinet reshuffle

ISLAMABAD: Prime Minister Imran Khan has appointed Shaukat Tareen as the Minister for Finance and Revenue in the latest federal cabinet appointments and reshuffling. The renowned banker served as finance minister from 2009 to 2010. Tareen has replaced federal minister Hammad

Finance Minister reiterates commitment to promote construction industry

ISLAMABAD: Federal Minister for Finance and Revenue Hammad Azhar reiterated the government’s firm commitment to further promoting the construction industry as it had triggered an impressive growth amid the COVID-19 pandemic. The minister was talking to a delegation of Stone

Govt committed to implementing structural reforms: Hammad Azhar

ISLAMABAD: Federal Minister for Finance and Revenue Hammad Azhar said that the government was fully committed to implementing structural reforms, protecting social spending and boosting social safety nets in order to protect the vulnerable segments of the society. The minister

Finance Minister reiterates World Bank’s role in implementing reforms

ISLAMABAD: World Bank Group Country Director Najy Benhassine made a courtesy call on the Federal Minister for Finance and Revenue Hammad Azhar. The finance minister acknowledged the pivotal role being played by the World Bank in implementing a series of

Another finance minister

Prime Minister Imran Khan has appointed the third finance minister in the government’s tenure. The abrupt ouster of Hafeez Shaikh before the annual budget came as a surprise as the government has just received the third tranche of $500 million

Govt to import sugar, cotton from India: Hammad Azhar

ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet has allowed the private sector to import 0.5 million tonnes of white sugar from India, said Finance Minister Hammad Azhar. Addressing a press conference in Islamabad, the finance minister added

Finance Minister submits nomination papers for Senate election

ISLAMABAD: Federal Minister for Finance and Revenue Abdul Hafeez Sheikh on Saturday submitted his nomination papers for the Senate election. The federal minister along with his fellow cabinet members, Azam Swati, Hammad Azhar and others reached the office of the

Hafeez Shaikh takes oath as Finance Minister

ISLAMABAD: Dr Abdul Hafeez Shaikh on Friday was sworn in as oath as the Minister for Finance. The swearing-in was held at a ceremony at the Aiwan-e-Sadr. The oath was administered by President Dr Arif Alvi. The Cabinet Division issued

Austrian ex-finance minister jailed eight years for corruption

VIENNA: A Vienna court has sentenced flamboyant former Austrian finance minister to eight years in prison in the country’s biggest corruption trial. Karl-Heinz Grasser was found guilty of abuse of power and involvement in kickbacks totaling 9.6 million Euros over

Erdogan accepts son-in-law’s resignation as finance minister

ANKARA: Turkish President Tayyip Erdogan has accepted the resignation of his finance minister and son-in-law Berat Albayrak, a day after he abruptly resigned from his post. Turkey appointed former deputy prime minister Lutfi Elvan as its treasury and finance minister.

Chrystia Freeland appointed Canada’s first female finance minister

OTTAWA: Chrystia Freeland was sworn in as Canada’s new finance minister, becoming the first woman to take on the powerful role. The former foreign affairs minister was serving as deputy prime minister and intergovernmental affairs minister. She will retain her