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Hammad Azhar

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

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

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

Pakistan raises $2.5 billion via Eurobonds

ISLAMABAD: Federal Minister for Finance and Revenue Hammad Azhar said that Pakistan successfully concluded its first-ever three-tranche capital market transaction. In a tweet, the minister said that with five, ten and thirty years Eurobonds at 6 percent 7.375 percent and

Industrial output grows 11.4% in Dec 2020

ISLAMABAD: Federal Minister for Industries and Production Hammad Azhar said the robust growth (11.14 percent) of Large Scale Manufacturing (LSM) continued in December 2020. “The V shaped economic recovery in Pakistan is led by industries”, he said in a tweet.

2021 will be historical year for industrial production: Hammad Azhar

ISLAMABAD: Minister for Industries and Production Hammad Azhar has said that 2021 will be a historical year for industrial production in Pakistan. The federal minister further said, “Pakistan’s economy is becoming stronger despite the COVID-19 outbreak. The country’s macroeconomic indicators are

Hammad Azhar criticizes Sindh govt for expensive wheat prices

ISLAMABAD: Minister for Industries and Production Hammad Azhar has criticized the Sindh government that people in the province were buying expensive wheat compared to other provinces. Taking to Twitter, Hammad Azhar said that the Sindh government had released close to

Prices of essential commodities witnessed significant decline in last ten days: Azhar

ISLAMABAD: Minister of Industries and Production Muhammad Hammad Azhar has said that owing to the government’s strategies, the prices of essential commodities, including sugar, wheat and flour had witnessed a significant decline over the last ten days across the country.

Pakistan’s economy continues to improve: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has said that Pakistan’s economy continues to improve. Hammad Azhar took to Twitter and wrote that Pakistan’s trade deficit continues to shrink. According to him, industrial production is showing strong growth. Pakistan’s

Pakistan enjoys broad international support on FATF: Hammad Azhar

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has expressed that some circles are propagating baseless information about negative voting in the FATF meeting. In a tweet on Saturday, Hammad Azhar wrote that FATF, Financial Action Task Force has acknowledged

Hammad Azhar expresses satisfaction over economic revival

ISLAMABAD: Federal Minister for Economic Affairs Hammad Azhar has expressed satisfaction over the report that Pakistan’s industry is leading the economic revival despite coronavirus shock. Hammad Azhar in a tweet wrote that cement, Automobiles, LSM, exports, construction, fertiliser, and other

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