ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has said that Pakistan intended to further strengthen its valuable trade, investment and people-to-people ties with the United States. Addressing a virtual meeting with representatives of US-Pakistan Business Council (USPBC), he said that the government was also firmly committed to providing an enabling environment to promote […]
Finance Minister
Tarin says ready to provide additional funds, asks GB to rationalize outflows
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Wednesday said that the federal government was ready to cooperate with the Gilgit-Baltistan government for the provision of additional funds during the next financial year. However, he said that the Gilgit-Baltistan government should also rationalize its expenditures as the federal government was also exercising strict […]
Cotton support price summary to be presented at ECC meeting soon: Ali Talpur
MULTAN: The summary regarding cotton support price will be presented before Economic Coordination Committee (ECC) next meeting as consultation to set cotton support price has been completed. Economic consultant for Minister of National Food Security and Vice President of Pakistan Central Cotton Committee Dr Muhammad Ali Talpur expressed these views in a statement issued […]
No additional tax to be levied in upcoming budget: Shaukat Tarin
Finance Minister Shaukat Tarin announced on Monday the decision of not introducing any additional tax in the 2021-22 budget. The finance minister called upon an exclusive meeting with institutions concerned; the Pakistan-US Business Council, Overseas Investors Chambers of Commerce, and the Federation of Pakistan Chambers of Commerce and Industry to discuss the matter; reported 24NewsHD […]
Tarin says PBS revamped to get proper statistics for better policy interventions
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Sunday said that the Pakistan Bureau of Statistics was revamped in order to make it an independent institution to get proper statistics for better policy interventions. Addressing a virtual press briefing, he said that it was not functioning under the Ministry of Finance. To a […]
Finance minister predicts 5% growth rate for 2022; 6% for 2023
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin on Sunday said that GDP growth at 3.94 percent during the current fiscal year (2020-21) was calculated in a transparent manner, predicting that the economy – based on the current trend – would grow by five percent in 2021-22 and six percent during 2022-23. Addressing a […]
Tax reform suggestions for budget 2021-2022
Finance Minister Shaukat Tarin on May 3, 2021 gave a policy statement on the economy and the IMF conditions, stating that, “IMF did injustice to Pakistan by asking the government of Pakistan to increase its electricity tariff, in order to reduce the circular debt, because this price hike is increasing inflation, had stopped the economy […]
Filers, non-filers
Sir: Over 18 percent of senior citizens have invested their savings in national savings schemes, where the return they file is under the tax-exemption. Therefore, they do not pay tax and are non-filers. The salaried class has its tax deducted at source and is proxy filer through their employers. The prime minister and finance minister […]
The challenges for the new finance minister
The global debt has reached $164 trillion. The amount is nearly 225 per cent of the global GDP. There is a real danger, therefore, of another global financial crisis like that of 2008. Some experts believe that the situation is more alarming than it was ahead of the 2008 financial crisis when the global debt […]
After Asad Umer
A change was on the cards. Given the country’s economic woes, something had to give. Prime Minister Imran Khan has finally revealed his hand. The first casualty is Asad Umer. Mr Umer has tweeted: “As part of a cabinet reshuffle, Prime Minister desired that I take the energy portfolio instead of finance. However, I have […]