Home - Tag Archives: ishaq dar

Tag Archives: ishaq dar

Tax collection increased by 18.2 percent in last six months, says Ishaq Dar

Advertisements ISLAMABAD: Finance Minister Ishaq Dar on Saturday said that Tax collection increased by 18.2 percent during six months, Radio Pakistan reported. Advertisements Addressing at news conference, Finance Minster Ishaq Dar said Federal Board of Revenue (FBR) collected 785 billion rupees during the period as against the set target of …

Read More »

$497 tranche for Pakistan approved by IMF

ISLAMABAD: The International Monetary Fund (IMF) on Thursday approved $497 million tranche for Pakistan after the review of a bailout package started in 2013. “After constructive discussions, the mission and the Pakistani authorities have reached stafflevel agreement on the completion of the tenth review under the EFF (Extended Fund Facility) …

Read More »

Government borrowed $1.42b during last three months: DAR told Senate

ISLAMABAD: Ishaq Dar on Wednesday said that government has received loan of US$ 1,420.38 million during the last three months. Dar revealed the facts on the question of MQM’s Senator Syed Tahir Hussain Mashhadi, who asked,” Will the Minister of Finance, Revenue, Economic Affairs, Statistics and Privatization be pleased to …

Read More »

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

Finance Minister Ishaq Dar stated that government intended to put in ten thousand MW of electricity in the national grid during its regime. 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 power projects …

Read More »

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 …

Read More »

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 …

Read More »

Operation Zarb-e-Azb to cost Rs190 bn at accomplishment: Ishaq Dar

Finance Minister of Pakistan Ishaq Dar informed the Senate on Friday that ongoing Zarb-e-Azb operation would cost the national treasury more than Rs190 billion on its completion. He told the house that approximately Rs 45 billion rupees had been consumed last year and that another Rs 100 billion rupees were …

Read More »

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 …

Read More »

World Bank lauds economic development in Pakistan, says Pakistan has improved credit rating

ISLAMABAD: The World Bank has lauded economic development in Pakistan added Pakistan has improved credit rating very much. This is said by World Bank Country Director Rachid Benmessoud. According to WB, Pakistan’s economy is improving due to prudent monetary and fiscal policies, strong capital inflows and robust remittances. After the …

Read More »

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 …

Read More »

Dialogues between Ishaq Dar and traders successful, withholding tax reduces to 0.3 percent

ISLAMABAD: The issue over which lot of hue and cry was heard has finally been settled and government has announced to reduce the withholding tax from 0.6 percent to 0.3 percent for three months. The dialogues were held between Finance Minister, Ishaq Dar and the members of trade union regarding …

Read More »

Government struggling to pull down budget deficit to 5 %, says Dar

ISLAMABAD: The discussion in National Assembly began on Friday on the discussion of the Charged Expenditure included in Demands for Grants and Appropriations for the financial year ending on June 30, 2016. Over 10156.93 billion rupees Charged Expenditure relating to different departments and counts were presented in NA. While criticizing …

Read More »

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 …

Read More »

The 2015-16 budget only favours the rich elite: Imran Khan

One day after the presentation budget for fiscal year 2015-16 in the House, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan criticised it saying only rich and powerful have been benefitted. Addressing the media on Saturday, Imran alleged that the budget presented by the incumbent government has only favoured the rich. He …

Read More »