ISLAMABAD: Federal Minister for Finance Shaukat Tareen said the government would not increase the petroleum and electricity prices despite the increase of prices at the international level. He said that the government decreased the petroleum and electricity prices when the prices were going upward in the whole world. The objective to reduce prices was to […]
Finance Minister Shaukat Tarin
Agreement with IMF to be signed this week
ISLAMABAD: Adviser to Prime Minister on Revenue and Finance, Shaukat Tarin on Monday announced that an agreement with the International Monetary Fund (IMF) over the revival of the $6 billion Extended Fund Facility (EFF) had been reached and a formal accord will be signed later this week. The announcement was made by the advisor at […]
Tarin, Moonis among 700 Pakistanis as Pandora Papers reveal secret money, hidden fortunes
The Pandora Papers investigation has proved to be the world’s largest-ever journalistic investigation, involving more than 600 independent and associated journalists from 150 media outlets across 117 countries round the globe. The very investigation is based on a stack of confidential records of 14 offshore service providers of professional services to rich individuals and […]
Third-party and not FBR to conduct audit of tax evaders: Shaukat Tarin
ISLAMABAD: Finance Minister Shaukat Tarin on Friday said that a third-party audit will be carried out of the tax defaulters and that FBR would not harass anyone anymore. Speaking on the budget for FY2021-22 in the Senate, the finance minister while responding to Raza Rabbani’s indication towards the arrest of businessmen, said that this time […]
Supplementary grant for Covid-19 released by ECC
ISLAMABAD: Finance Minister Shaukat Tarin on Wednesday presided over a meeting of the Economic Coordination Committee (ECC) in Islamabad. According to sources, the ECC approved a summary for release of funds for the establishment of border markets in Balochistan. It approved a technical supplementary grant to cope with the Covid-19 pandemic. The meeting also green-lighted […]
Pakistan turned to IMF due to a deficit of billions left behind by PML-N, says Shaukat Tarin
ISLAMABAD: Pakistan had to opt for a bailout programme by the International Monetary Fund (IMF) because the PML-N government left a current account deficit of more than $20 billion behind in 2018, says Finance Minister Shaukat Tarin. He responded to allegations made against the government and how it dealt with the country’s economy ruined by […]
Tarin tells opposition to stop criticising budget since it helps everyone
ISLAMABAD: Finance Minister Shaukat Tarin said Monday on the National Assembly floor that the IMF bailout was needed to avert insolvency owing to financial crises created by previous governments. He said that the budget for the fiscal year 2022 is for everyone’s benefit and that it guarantees modest to medium loans to people to promote […]
Inclusive growth-oriented budget: poor should not wait for trickle down effect, says Tarin
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Saturday said the main focus of the inclusive growth-oriented federal budget for the fiscal year 2021-22 was to uplift the poor so that they would not have to wait for trickle-down effect of economic progress. Poverty-stricken people have been waiting for the last 74 years, […]
Major hike in petrol prices likely in budget 2022
ISLAMABAD: Finance Minister Shaukat Tarin on Friday said the prices of petroleum products will likely to be increased in the coming month as talks with the International Monetary Fund (IMF) continue over the stabilisation of revenue collection. Talking on ‘Naya Pakistan’ programme, he said the petroleum levy would be increased up to Rs600 billion in […]
Post budget: Additional tax of Rs500b to be collected in next FY, says Shaukat Tarin
ISLAMABAD: Additional tax of Rs500 billion will be collected in the next financial year, said Finance Minister Shaukat Tarin in a post-budget press conference Saturday afternoon. A day earlier, the incumbent government presented the budget for the fiscal year 2021-22, with the outlay kept at Rs8,478 billion and the tax target set at an ambitious […]