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Tag Archives: Finance Minister Senator Ishaq Dar

Dar lauds Japan for $19m grant aid to Pakistan

    ISLAMABAD: Pakistan and Japan had a long history of economic cooperation, Finance Minister Senator Ishaq Dar said, adding that he was now looking forward to furtherance of this cooperation with enhanced Japanese investment in Pakistan as pledged during his visit to Japan. “The inauguration of state of the art Yamaha motorcycle plant in April, would also add another ... Read More »

Nadra to charge Rs10 instead of Rs23: Verification of 103m SIMs on the cards

ISLAMABAD: Divided into two categories, a total of 103 million cellphone SIMs will be verification in phased-wise plan under the National Action Plan aimed at elimination of terrorism from the country. Similarly, the Nadra will charge only Rs10, instead of Rs23 for verification as agreed between the Ministry of Interior, Telcos and other stakeholders. The decision was decided at a ... Read More »

Rs20 per litre cut in oil prices: FBR to face Rs70b revenue loss, collects Rs900b in July-Nov

ISLAMABAD: The government has to face Rs70 billion loss annually after declining trend in petrol prices. This was disclosed by Federal Board of Revenue (FBR) officials during a meeting under the chair of Finance Minister Senator Ishaq Dar. The meeting was convened to devise a strategy for revenue collection in second half of current fiscal year. The government has reduced ... Read More »

$2 offered for PSM revamp: Pak-Russia agree to deepen trade, economic ties: Ishaq Dar

ISLAMABAD: The Russian Bank Vnesh­TorgovBank (VTB) and public-sector enterprise Tyazh­promexport have expressed their readiness to offer $2 billion ($1 each) credit line for rehabilitating and refurbishing Pakistan Steel Mills (PSM). The offers were made during their separate meetings with Senator Ishaq Dar during his visit to Moscow to attend Third Pak-Russia Inter-Governmental Commission on Trade, Economic, Scientific and Technical Cooperation. ... Read More »

Strong rupee increased net collection of customs duty by 1 % : FBR Year Book 2013-14

ISLAMABAD: Increase in value of rupee versus dollar pushed net collection of customs duty up by around one percent in fiscal year 2013-14, a according to the Year Book 2013-14 issued by the Federal Board of Revenue (FBR). The Year Book 2013-14 of FBR showed that the Customs duty contributed around 17.4percent and 10.6percent in the indirect taxes and federal ... Read More »

Political deadlock dangerous for economy: ADB

ISLAMABAD: Asian Development Bank (ADB) President Takehiko Nakao has warned the current political gridlock in the country could damage Pakistan’s newly-stabled economy. Nakao, talking to media persons, praised the government for improving the macro-economic outlook and pursuing a liberalisation agenda. Lauding the government achievements, he said that Pakistan’s growth rate was picking up, the inflation rate was becoming more managed, ... Read More »