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
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
Finance Ministry denies Hafeez Shaikh received NAB notice
ISLAMABAD: The Ministry of Finance clarified that Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has not received any notice so far from the National Accountability Bureau (NAB). “In response to media reports claiming that
Finance Adviser briefs WEF on ‘remarkable’ economic performance
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh informed the World Economic Forum (WEF) that Pakistan had witnessed “remarkable” improvement in fiscal and current account deficits owing to prudent government policies. Addressing the second
Hafeez Shaikh orders FBR to ensure transparency in tax filing procedures
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has instructed the officials of the Federal Board of Revenue (FBR) to simplify tax filing procedures so as to ensure transparency in revenue collection. While charging a
Govt’s fiscal policies reduced current account deficit: Finance Adviser
ISLAMABAD: Adviser to the Prime Minister on Finance Abdul Hafeez Shaikh on Tuesday highlighted the performance of the finance ministry as the federal government completes its second parliamentary year. Several members of the federal cabinet addressed a press conference highlighting
Will adopt all steps to ensure wheat supply across country: Hafeez Shaikh
ISLAMABAD: Adviser to Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said that the government will take all-out measures to ensure the availability of sufficient wheat and flour to the people in the country. While chairing a meeting
Hafeez Shaikh removed from National Finance Commission
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Sheikh has been removed from the National Finance Commission. A new notification on the formation of NFC has been submitted in the Islamabad High Court (IHC) by
Pakistan ensuring completion of FATF Action Plan: Sheikh tells UN
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh has said Pakistan as a responsible member and was ensuring the earliest completion of the Financial Action Task Force (FATF) Action Plan. The adviser was delivering
Hafeez Shaikh to chair ECC meeting tomorrow
ISLAMABAD: Advisor to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh to chair the Economic Coordination Committee (ECC) meeting in Islamabad tomorrow. During the meeting, the cabinet will review the consumption of urea fertilizer for the next financial
ECC approves Rs100 million for locust control in Punjab
ISLAMABAD: The Economic Coordination Committee (ECC) of the federal cabinet on Wednesday approved Rs100 million grant for locust control in Punjab. Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic
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
Rs50 billion package being ensured to benefit farmers: Hafeez Shaikh
ISLAMABAD: Advisor to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh has assured full support to a targeted disbursement of the Rs. 50 billion agriculture package for the farmers and crop growers. While chairing a meeting with
Hafeez Shaikh to chair ECC meeting in Islamabad today
ISLAMABAD: Adviser to PM on Finance Dr. Abdul Hafeez Shaikh is scheduled to chair an Economic Coordination Committee (ECC) meeting in the federal capital today. According to details, a nine-point agenda will be discussed during the meeting. During the meeting,
Finance adviser urges BoI, FBR chiefs to facilitate foreign investors
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh on Tuesday held a meeting with Chairman Board of Investment (BOI) Atif Bokhari and Chairperson Federal Board of Revenue (FBR) Nausheen Javaid Amjad. They discussed measures
Japanese envoy offers assistance over coronavirus crisis
ISLAMABAD: Prime Minister’s Adviser on Finance and Revenue Dr Abdul Hafeez Sheikh on Monday received the Japanese Ambassador Kuninori Matsuda and discussed a range of issues. The ambassador shared with the adviser the steps being taken by Japan to contain
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
ECC mulls increasing wheat support price to Rs.1400 per 40kg
ISLAMABAD: Adviser on Finance Hafeez Sheikh on Wednesday chaired a meeting of the Economic Coordination Committee (ECC) which discussed a four-point agenda. The ECC approved a proposal by power division for a special relief package to further continue provision of
Finance Adviser thanks China on support in FATF meetings
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh met Ambassador of China Mr Yao Jing on Friday to review the preparations of the upcoming visit of the Chinese President Xi Jinping. The meeting took
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
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
Finance adviser chairs meeting to review duties on mobiles
ISLAMABAD: Prime Minister’s Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh chaired a meeting in the federal capital in which incentives to promote digitalization of cellphones was discussed. Dr Abdul Hafeez Shaikh said that the government was considering the
ECC approves grant of Rs6bn subsidy for USC
ISLAMABAD: Economic Coordination Committee of the federal cabinet has approved grant of Rs6 billion subsidy for Utility Stores Corporation of Pakistan for procurement of essential commodities. Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh chaired the meeting approved
Exports increased by 4.8% in last five months: Hafeez Shaikh
ISLAMABAD: Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh has said that the exports increased by 4.8 percent in the last five months. In a tweet, Dr. Abdul Hafeez Shaikh posted that from July to November 2019, exports
Pakistan’s current deficit declined by 72.6 pc: Hafeez Shaikh
ISLAMABAD: Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh has said on Friday that the current deficit declined by 72.6 percent in November and 73 percent between July-November this year. Sharing latest figures on the external deficit and
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
A rosy picture of the economy
Finance Adviser Hafeez Shaikh has admitted that the government is not trying to paint a rosy picture of the economy and there are still challenges to tackle particularly in terms of reducing prices and meeting people’s expectations of providing more
Finance adviser briefs Queen Maxima on economy
ISLAMABAD: UN Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), Queen Maxima of the Netherlands, on Tuesday visited Finance Division and met with Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh and his economic team. During the meeting,
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
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