Allama Muhmmad Iqbal Words, without power, is mere philosophy.
Quaid-e-Azam Expect the best, Prepare for the worst...
The Economic Coordination Committee of the Cabinet was informed by the Governor State Bank of Pakistan on Saturday that SBP had received the first installment of US $ 550 million from the International Monitoring Fund thus increasing the Foreign Exchange Reserve to US $ 10.4 billion. This was disclosed when the ECC was discussing the […]
Finance Minister Ishaq Dar says the first installment of 6.64 billion dollars loan approved by the International Monetary Fund (IMF) will be received soon. Addressing a joint news conference with Punjab Chef Minister Shahbaz Sharif in Islamabad today (Thursday)‚ he said it will help enhance reserves of the country. The IMF has approved a […]
Prime Minister Nawaz Sharif is presiding over a meeting of the National Command Authority in Islamabad following US media reports that Americans have allocated billions of dollars to monitor Pakistan’s nuclear programme. The meeting is holding in-depth discussion on the recent tension at the Line of Control and the fallout of any US attack on […]
The National Assembly was informed on Thursday that the National Accountability Bureau (NAB) is investigating the cases of NATO/ISAF missing containers on the directives of Supreme Court of Pakistan. Federal Minister for Finance Muhammad Ishaq Dar said the NAB is in the process of finalizing the investigations/enquiry and has not yet communicated the number of […]
Pakistan would get 12 billion dollars from multilateral institutions as budgetary support or funding for projects during the next three years, Finance Minister Ishaq Dar said Monday. Briefing newsmen about state of the economy in Islamabad, he said this would fully protect the country against liabilities and obligations and it will find no difficulty in making […]
The Finance Minister Senator Ishaq Dar while talking to US Ambassador Richard G. Olson who called on him at his office Wednesday, has said that Pakistan welcomes the interest shown by the United States Congress for its support in carrying out feasibility studies for Pakistan’s flagship storage project Diamer Bhasha Dam. Ambassador Olson informed the […]
The Federal Bureau of Revenue has restored the facility of zero-rating on various dairy products, including stationery items and bicycles along with their raw materials, packing materials, sub-components, components, sub-assemblies and assemblies, imported or purchased locally for manufacture of said goods. The FBR said the decision has been taken as per the directions of Federal […]
The Federal Board of Revenue says that sales tax on old and used clothes has been reduced. The official spokesperson of the FBR was clarifying a news item appearing in a section of the press, which had stated that the govt has increased sales tax on used cloths. She stated that Sales Tax on old and […]
A meeting of the Energy Committee was convened under the chairmanship of Finance Minister Senator Ishaq Dar to review the arrangements made to implement his directions to ensure that no load-management is under taken during the month of Ramazan during Sehar, Iftar and Taraweeh. The meeting was informed that uninterrupted […]
The International Financial Rating Agency Moody’s says the newly agreed International Monetary Fund program with Pakistan will help improve the country’s economy and development. In its report‚ the rating agency says with the payment of two point one billion dollars installment of loan by Pakistan through IMF will help reduce budget deficit. It said the […]
In view of strong criticism at the government’s move to seek loan from the IMF despite its previous claim not to approach the international financial institution, the ministers are now defending the 5.3 billion dollars deal. The loan agreement signed in Islamabad on Thursday has raised fear of hike in power tariffs. Sartaj Aziz, a […]
Pakistan and IMF Thursday agreed for a 3-year programme of at least 5.3 billion dollars under the Extended Fund Facility. Officials said. Pakistan Finance Minister Ishaq Dar and Head of the IMF Mission Jeffrey Franks told a news conference in Islamabad they have agreed on 5.3 billion dollars loan facility but Pakistan has requested […]
