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Finance

Federal secretary finance replaced weeks before budget

ISLAMABAD: The government has replaced the federal finance secretary two weeks ahead of the presentation of the budget for the next fiscal year. Yousuf Khan as the Secretary In-charge with immediate effect after relieving Fazal from his duty. Kamran Afzal

17-year-old Pakistani girl in UAE elected to prestigious California student senate

CALIFORNIA: A 17-year-old girl named Fiza Syed has been elected the Vice President of Finance for the Student Senate representing 116 community colleges and 2.1 million students in the USA. A Dubai-based Pakistani national, who was elected the Vice President

Kamran Afzal appointed new Secretary Finance

ISLAMABAD: The federal government has appointed Grade-22 officer Kamran Ali Afzal as the news Finance Secretary. According to the notification issued by the Establishment Division, Afzal was named finance secretary. He also served as special secretary finance division. Afzal belongs

FDI increased to $317.4 million in Oct: Finance Advisor

ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh said that the government was promoting ease of doing business with reforms in investment regime to further strengthen investors’ confidence. The finance advisor said that the Foreign

Govt signs $750 million agreements with World Bank, AIIB

ISLAMABAD: The government has signed two financing agreements valuing $750 million with the World Bank (WB) and the Asian Infrastructure Development Bank (AIIB). The World Bank will extend financing of $500 million and Chinese-headquartered AIIB will provide co-financing of $250

ECC approves Rs480 million risk allowance for health care workers

ISLAMABAD: The Economic Coordination Committee of the federal cabinet on Wednesday approved Rs480.556 million to pay risk allowance to all health care workers performing duties related to COVID-19 in the federal government. The ECC meeting chaired by Finance Adviser Dr

Govt releases Rs100 bn to industry in tax refunds

ISLAMABAD: The government has released 100 billion rupees to industry in tax refunds under the stimulus package worth Rs1,240 billion announced by the prime minister in response to the coronavirus crisis. Advisor to Prime Minister on Finance and Revenue Dr

Relief package will provide relief to the poor: Hafeez Shaikh

ISLAMABAD: Prime Minister’s Adviser on Finance Dr Abdul Hafeez Shaikh has said the government has announced a massive relief package amounting to Rs1.25 trillion to support the business community and to provide relief to the poor people in wake of

Govt focused on reviving sick industrial units, promoting SMEs

ISLAMABAD: A delegation of prominent bankers of the country called on Prime Minister Imran Khan in Islamabad and discussed a range of issues relating to the banking and financial sector. Adviser to PM on Finance Dr Abdul Hafeez Shaikh, Adviser

Govt taking measures to facilitate investments: Finance Adviser

ISLAMABAD: A delegation of the American Business Council on Tuesday called on Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh here at the Ministry of Finance. During the meeting, the finance adviser highlighted that the

ECC decides to impose immediate ban on sugar exports

ISLAMABAD: Economic Coordination Committee (ECC) of the federal cabinet on Monday has decided to impose an immediate ban on the export of sugar to keep prices under control. Adviser to the Prime Minister on Finance Sheikh Abdul Hafeez chaired the

Finance advisor Hafeez Shaikh to chair ECC meeting today

ISLAMABAD: Federal advisor to the prime minister on finance Dr. Abdul Hafeez Shaikh will chair the Economic Coordination Committee (ECC) meeting today in Islamabad. The meeting will be chaired by Prime Minister’s adviser on finance Dr Abdul Hafeez Shaikh in

Microfinance can help in documentation of economy

ISLAMABAD: Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh has said microfinance can help in documentation of economy owing to its outreach. Addressing a ceremony, the finance adviser said significant progress has been made in the microfinance sector and

Asad Umar resigns as chairman NA standing committee on finance

­ ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar on Wednesday stepped down as the chairman of the National Assembly Standing Committee on Finance. The development took place during a session of the committee in parliament today. National Assembly Speaker Asad

Macroeconomic stability restored, Hafeez Shaikh tells ADB Forum

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Monday said the government has restored macroeconomic stability in the country. Addressing the inaugural session of ‘Pakistan Innovative Finance Forum’, arranged by the Asian Development

Omar Ayub holds meetings with Qatar’s finance, energy ministers

ISLAMABAD: Federal Minister for Energy Omar Ayub Khan on Monday held separate meetings with Finance Minister of the state of Qatar Ali Shareef Al Emadi and Minister for Energy Affairs Saad Sherida Al Kaabi in Doha. During the meeting, the

FATF denies reports of APG blacklisting Pakistan

PARIS: The Ministry of Finance has rejected the Indian media reports about Pakistan being blacklisted by the (APG) on Friday. The spokesperson Alexandra Wijmenga clarified that only the Financial Action Task Force (FATF) had the authority to blacklist, not its