Sunday , June 7 2020
Breaking News
Home / Tag Archives: Finance Division

Tag Archives: Finance Division

Finance division to suggest suitable pay raise in next budget

ISLAMABAD: In response to the strike call by the Secretariat employees for raising their salaries the Ministry of Finance has held meetings with the federal government employees to assure them that their proposals will be duly considered and proposed to the government in the next budget. In a statement issued here Thursday, the Finance Division has said that on the ... Read More »

Govt mulling over to hike duty on over 1,000 imported items

ISLAMABAD: The federal government is planning to levy additional regulatory duty on more than a thousand imported items to generate $1.12 billion, which will assist in reining in the trade deficit Sources said that the new proposal is being finalized by the State Bank of Pakistan, Finance Division, Ministry of Commerce and Textile and the Federal Board of Revenue (FBR). As ... Read More »

$900m disbursed in 2014: ADB willing to fund uplift but thinking about Bhasha Dam  

ISLAMABAD: The Asian Development Bank (ADB) agreed to fund energy, communication and infrastructure development projects but sought four months time for financing Diamir Bhasha dam project. According to minutes of a meeting between ADB Country Director Werner Liepach with Finance Minister Ishaq Dar, the former claimed that the bank was evaluating Pakistan’s request for financial support to the project. Mr ... Read More »

Rs10.54 billion earned from Saindak Project: Petroleum Ministry

ISLAMABAD: A report of Ministry of Petroleum and Natural Resources revealed Tuesday that the government earned Rs 10,012.54 million from Saindak Copper Gold Mines Project located District Chagai, Baluchistan in last two years -2011-12-2012-13. According to the report, Rs 5,412.819 million had been paid to Government of Baluchistan as Royalty and profit share. Rs 599.235 million had been paid to ... Read More »

SBP approves Rs 173.57m loan for 1,072 students

ISLAMABAD: Interest-free loan of Rs 173.57 million has been approved for needy students to pursue higher studies within Pakistan. The scheme was approved on Friday in the meeting of apex committee in Karachi which was chaired by Saeed Ahmad, Deputy Governor State Bank of Pakistan (SBP) while representatives of the Finance Division, Government of Pakistan, National Bank of Pakistan, Muslim ... Read More »

SBP okays Rs 173.57m loan for 1,072 students

ISLAMABAD: Interest-free loan of Rs 173.57 million has been approved for needy students to pursue higher studies within Pakistan. The scheme was approved on Friday in the meeting of apex committee in Karachi which was chaired by Saeed Ahmad, Deputy Governor State Bank of Pakistan (SBP) while representatives of the Finance Division, Government of Pakistan, National Bank of Pakistan, Muslim ... Read More »

Finance Division mulls inquiry against PRAL for inefficiency

ISLAMABAD: The Finance Division contemplates on initiating fact finding inquiry into inefficiency of Pakistan Revenue Automation (Pvt.) Limited (PRAL) in producing desired results. “The very option of appointment of new Chief Executive Officers of the company is also an option under consideration of the authorities concerned,” said a well placed source at Federal Board of Revenue here on Thursday. The ... Read More »