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Hammad Azhar

Moody’s confirmation of Pakistan’s rating an encouraging sign: Hamad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has expressed satisfaction over Moody’s Investors Service that Moody’s confirmation of Pakistan’s B3 rating with a stable outlook during a pandemic is encouraging sign. Moody’s confirmed Pakistan’s B3 local and foreign currency

Pakistan’s ranking improved under PTI govt: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has claimed that Pakistan’s ranking in the World Bank’s Ease of Doing Business Index improved by 28 places in one year under the PTI government. In a tweet on Thursday, Hammad Azhar

Govt to pay three months electricity bills for small businesses

ISLAMABAD: Minister for Industries and Production Hammad Azhar on Monday announced the government has allocated Rs75 billion to provide relief to labourers and daily wagers who have lost their jobs due to ongoing coronavirus lockdown.  Addressing a news conference in

Federal Govt redirects $40m non-utilised sums to fight coronavirus

Minister for Economic Affairs Hammad Azhar has announced that the federal and all provincial governments can use $40 million non-utilised sums from World Bank projects to battle coronavirus. Hammad Azhar took to Twitter and said, “Following non-utilised sums have been

Hammad Azhar among WEF’s Young Global Leaders from South Asia

ISLAMABAD: Minister for Economic Affairs Hammad Azhar has been named among ten Young Global Leaders from South Asia by the World Economic Forum (WEF). The WEF identifies the world’s most promising leaders under the age of 40 who are driving

Exports in February increases by 13.6 percent: Hammad Azhar

ISLAMABAD: Minister for Economic Affairs Hammad Azhar has said that the country’s exports have been increased by 13.6 percent in the month of February. Hammad Azhar took to Twitter today (Monday) and said, “Year on year exports in the month

Govt has brought economy out of ICU: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has claimed that the government has bought the economy out of the Intensive Care Unit (ICU) and will soon witness growth. While talking to media in Islamabad today (Sunday), Hammad Azhar said

Pakistan has made significant progress on FATF action plan: minister

ISLAMABAD:  Federal Minister for Economic Affairs Hammad Azhar on Saturday said Pakistan has made significant progress on implementation on the Financial Action Task Force (FATF) action plan in the last year. “Pakistan has made significant progress at FATF in the

Country’s economy was destroyed during PML-N’s tenure: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar lamented the country’s economy was destroyed during the Pakistan Muslim League-Nawaz (PML-N’s) previous tenure. Speaking on the floor of the National Assembly, Hammad Azhar said that Pakistan Tehreek-e-Insaaf government has been making

Govt has worked hard to combat money laundering: Hammad Azhar

ISLAMABAD: Minister for Economic Affairs Hammad Azhar has said that Pakistan’s government has worked very hard to combat money laundering and terrorism financing. Hammad Azhar took to Twitter and said, “It is premature to comment and speculate on the decision

Govt has paid off over $10 billion in its first year: Hammad Azhar

Federal Minister for Economic Affairs Hammad Azhar has claimed that the incumbent government has paid off over 10 billion dollars debt in its first year in power, which is the highest made by any government.   Speaking in the Senate

Ishaq Dar doesn’t know difference between debts: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said that former finance minister Ishaq Dar did not know the difference between internal and external debt. The statement of Hammad Azhar came after the tweet Ishaq Dar posted earlier against

Russia assistance in development projects beneficial: minister

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar on Wednesday said that Russian involvement in development projects will be mutually beneficial both Russia and Pakistan. Addressing a press conference alongside Russian Trade Minister Denis Valentinovich in Islamabad, the minister specifically

Pakistan, ADB sign loan agreement worth USD 1.3 billion

ISLAMABAD: The government of Pakistan on Monday signed a loan agreement worth $1.3 billion with the Asian Development Bank (ADB) for budgetary support and power sector reforms. Federal Minister for Economic Affairs Hammad Azhar was present on the occasion, while

Pakistan’s delegation to attend FATF meeting today

ISLAMABAD: A five-member delegation of Pakistan on Saturday will attend an important meeting of the Financial Action Task Force (FATF). As per reports, Hammad Azhar federal minister for Economic Affairs Division will lead the delegation which will attend the FATF

Queen Maxima appreciates financial inclusion strategy

ISLAMABAD: UN Secretary General’s Special Advocate for Inclusive Finance for Development Queen Maxima has stressed that financial inclusion is pivotal for the development and economy of Pakistan. Addressing Pakistan Innovative Finance Forum in Islamabad on Tuesday, she said the financial

FDI, tax base increased due to economic policies: minister

ISLAMABAD: Minister for Economic Affairs Hammad Azhar has said current account and fiscal deficits have decreased, while foreign direct investment and tax base of the country have increased due to prudent economic policies of the government. Addressing a news conference,

Federal cabinet discusses political situation, economic growth

ISLAMABAD: The federal cabinet on Tuesday during a meeting chaired by Prime Minister Imran Khan has expressed complete satisfaction on positive economic trajectory of the country. Briefing media on the cabinet meeting, Special Assistant to Prime Minister on Information and

Minister discusses economic cooperation with Japanese envoy

ISLAMABAD: Ambassador of Japan Kuninori Matsuda called on the Federal Minister for Economic Affairs Hammad Azhar on Friday and discussed a range of matters relating to bilateral economic cooperation, trade, investment and transfer of technology. Secretary Economic Affairs Division Noor

We reversed damage which prior govt did: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said the government has reversed the damage done since the last five years within its first year. In his tweet, Hammad Azhar posted, “During PMLN’s 5 years, Pakistan’s ease of doing business

Pakistan committed to complete FATF’s action plan: minister

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar on Wednesday said Pakistan is committed to complete all the points in action plan of Financial Action Task Force (FATF) by next year. Addressing a news conference, the federal minister said Pakistan’s

Pakistan to come out of FATF’s grey list in Feb 2020: Azhar

ISLAMABAD: Minister for Economic Affairs Hammad Azhar on Saturday said that Pakistan had targeted to complete all items on Financial Action Task Force (FATF) action plan till February 2020. Pakistan will come out of grey to white List by the

Moment of truth at FATF

A crucial meeting of the Financial Action Task Force (FATF) has commenced in Paris where Pakistan’s fate hangs in the balance. Either our nation will be blacklisted for inadequate measures against money laundering and terror financing or remain on the

Govt returned around $10.5 billion loans: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar, on Sunday said that the government has returned around $10.5 billion loans and the economy would further stabilise in the coming days. While addressing a press conference, Hammad Azhar said that the

IMF encouraged progress of Pakistan’s economy: Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said that the delegation of the International Monetary Fund (IMF) has encouraged the progress of Pakistan’s economy. In a tweet, Federal Minister for Economic Affairs said, “The visiting IMF team termed

FBR achieves 90pc revenue collection: Shabbar Zaidi

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi has said that 90 percent revenue collection has been achieved. Shabbar Zaidi in a tweet said, “So far, FBR’s target for FY2019-20 has been achieved to the extent of

ADB approves $500mn loan to Pakistan

ISLAMABAD: The Asian Development Bank has approved a loan of $500 million for Pakistan today. Minister for Economic Affairs Hammad Azhar announced it on social media, he tweeted: The ADB Board today approved release of USD 500 million to support

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