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Tag Archives: Finance Minister

10,000MW electricity to be added in national grid during current government’s tenure

Advertisements Finance Minister Ishaq Dar stated that government intended to put in ten thousand MW of electricity in the national grid during its regime. Advertisements He was addressing a function related to Orange Line Metro Train project in the provincial capital on Monday, where he said working is underway of …

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US to enhance trade volume with Pakistan: US envoy meets Dar

ISLAMABAD: Finance Minister Ishaq Dar has given justification that the government was not fully focused on growth and job creation while achieving the goals of macroeconomics stability. The minister for finance has said so while having conversation with appointed US Ambassador to Pakistan, David M Hale who came to meet …

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Rs3104 billion tax collection is target for this year: Ishaq Dar

Finance Minister Ishaq Dar states Pakistan’s foreign exchange reserves have gone beyond twenty billion dollars as sensible policies have being followed by Government. While addressing Income Tax Officers in Lahore on Wednesday, the finance minister said the government has been given credit of putting economy on right track. Ishaq said …

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Exim Bank of US to mull over financing 3,600MW power projects in Pakistan

Chairman Exim Bank Fred P Hochberg expressed so during meeting with Finance Minister of Pakistan Ishaq Dar in New York on Tuesday. The chairman commended Pakistan’s positive economic performance over the past two years. Representing the bank, Fred said that Exim Bank is looking forward to cooperating Pakistan on projects …

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Government integrates KSE, LSE, ISE into Pakistan Stock Exchange

ISLAMABAD: The government has formed a national stock exchange by the title of ‘Pakistan Stock Exchange (PSE)’ by integrating the Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE), and Islamabad Stock Exchange (ISE). Addressing the MoU ceremony on integration of country’s three exchanges, Federal Minister for Finance Senator Mohammad Ishaq …

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Muzaffar Said presented Rs488bn budget for KP

PESHAWAR: Rs488 billion tax free budget for Fiscal Year 2015-16 is announced in Khyber Pakhtunkhwa assembly on Monday. KM Finance Minister, Muzaffar Said, who referred the budget as ‘poor-friendly’, presented it in KP Assembly with allocating a greater portion of funds to health and education. The presented budget tells the …

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KPK Budget 2015-16: KPK Assembly to announce education, development focused budget today

PESHAWAR: The government of Pakistan Tehreek-e-Insaf is going to announce it’s third consecutive provincial budget worth Rs. 472 billion today (Monday). Education sector and development projects are at top priority.  Read also: Muzaffar Said presented Rs488bn budget for KP Provincial Finance Minister Muzaffar Said Advocate will present the budget in …

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Sindh Budget 2015-16: Sindh Assembly to announce Rs. 715 billion budget today

KARACHI: The Government of Sindh is going to pass estimated Rs. 715 billion budget for the fiscal year 2015-16 today (Saturday). The budgeted amount is 4% higher than the Rs. 686 billion of the previous fiscal year 2014-15. Sindh Finance Minister Syed Murad Ali Shah will present the provincial budget …

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Finance Minister Ishaq Dar kicks off SECP’s web portal ‘Jama Punji’

ISLAMABAD: The Federal Minister for Finance, Senator Mohammad Ishaq Dar has kicked-off the investor education web portal -‘Jama Punji’- of Securities and Exchange Commission of Pakistan. The web portal has been developed to educate the investors, reported by Media and Corporate Communication Department of SECP. Finance Minster lauded at the …

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Pakistan Federal Budget 2015-16: Views of Politicians and Public

ISLAMABAD: The government of Pakistan Muslim League – Nawaz has successfully passed out the Budget 2015-16 yesterday (Friday June 6, 2015) of worth Rs. 4.451 trillion. By now, budget is only welcomed by the members of PML-N, Federation of Pakistan Chamber of Commerce and Industries, and Sarhad Chamber of Commerce …

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Federal Budget 2015-16: Ishaq Dar unveils Rs. 4.451 trillion budget for next fiscal year

ISLAMABAD: The Federal Government announced the federal budget worth Rs. 4.451 trillion for fiscal year 2015-16 on Friday (today). The Pakistan Muslim League – Nawaz failed in achieving the targeted growth of 5.1% of year 2014-15. The target achieved by the government was 4.2%. Commenting on the difference, Ishaq Dar …

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Federal Budget 2015-16: Over Rs. 4 trillion budget to be tabled today

ISLAMABAD: The democratic government of PML-N is going to present the third budget of its tenure in the National Assembly of Pakistan today. The Federal Finance Minister Senator Muhammad Ishaq Dar will table the budget 2015-16 proposals- worth over Rs. 4 trillion – in the House at 4.30 p.m. It’s …

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Ishaq Dar formed a ‘Special Committee’ to review current pay scales

ISLAMABAD: Federal Finance Minister Senator Mohammad Ishaq Dar has formed a special committee to reexamine the current pay scales of government employees with an aim to provide relief to the government employees. Earlier there were rumors that either there will be 10% increase in salary of government employees or no …

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No plans whatsoever on taxing home remittance: Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar rejected the rumours and said government has no plan to levy tax or duty on inward home remittances which is a major source of foreign exchange flows into Pakistan. It is notable that there are up to eight million Pakistanis living abroad and contributing in …

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