FBR too naive to know number of taxpayers on October 28, 2016ISLAMABAD: Senate’s Standing Committee on Finance Chairman Saleem Mandviwala on Thursday said the Federal Board of Revenue (FBR) did not know that how many people are taxpayers out of total 535,000 foreign currency account holders. “If FBR cannot investigate even a single case through the Protection of Economic Reforms Ordinance 2001 then this type of […]
IMF urges reforms to reinforce economy on October 25, 2016ISLAMABAD: Despite the significant fiscal consolidation achieved by Pakistan under the three-year IMF programme, Pakistan has to bring reforms in reinforcing economy, raising growth and making growth more inclusive. International Monetary Fund (IMF) Managing Director (MD) Christine Lagarde in a seminar “Emerging Markets in the World Economy”. She said Pakistan has made significant economic progress […]
Wait until 2023 for your turn, Dar tells opponents on October 23, 2016 ISLAMABAD: Finance Minister Ishaq Dar has said that the opponents will have to wait until 2023 to have a chance at coming into power. Addressing a ceremony on Saturday, he said that Prime Minister (PM) Nawaz Sharif had to face three major challenges when he came into power in 2013: terrorism, external debts and […]
IMF denies giving Ishaq Dar Finance Minister of the Year award on October 14, 2016ISLAMABAD: International Monetary Fund (IMF) Mission chief to Pakistan Herald Finger has denied the reports that IMF had given “Finance Minister of the year 2016 for South Asia award” to Pakistan’ Finance Minister Ishaq Dar. He was addressing Daily Times via video link from Washington to Pakistani Media personals at Islamabad on Thursday. Mission chief […]
Govt yet to initiate work on PEC despite one-year lapse on October 9, 2016ISLAMABAD: Establishment of Peshawar Expo Centre (PEC) has become a distant dream for exporters, as the Ministry of Commerce could not initiate the much-anticipated project despite announcing its commencement in August last year. The government included this project in the current fiscal year once again and allocated Rs 300 million for this project. However, the […]
FBR misses revenue collection target on October 3, 2016ISLAMABAD: The Federal Board of Revenue failed to achieve revenue collection target of Rs 705 billion during the first quarter of the current fiscal year, according to data available with Daily Times. The data revealed that the FBR missed the revenue collection target by Rs 81 billion, as it could collect only Rs 624 billion […]
ECNEC approves six projects worth Rs 283bn on October 1, 2016ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) has approved six projects worth Rs 283 billion, including Gwadar-Nawabshah LNG Terminal and Pipeline Project (GNP), construction of 100 small dams in Balochistan- package 3, and procurement of 58 diesel electric locomotives (2nd revised) among others. ECNEC, the highest economic forum, met under the leadership of […]
ECNEC approves six projects worth Rs 283bn on October 1, 2016ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) has approved six projects worth Rs 283 billion, including Gwadar-Nawabshah LNG Terminal and Pipeline Project (GNP), construction of 100 small dams in Balochistan- package 3, and procurement of 58 diesel electric locomotives (2nd revised) among others. ECNEC, the highest economic forum, met under the leadership of […]
ECC approves reduction in price of imported urea on September 27, 2016ISLAMABAD: The Economic Coordination Committee (ECC) of the cabinet approved to issuance of Sukuk, 2016 worth of $ 750 million to $ 1 billion by pledging one portion of Islamabad-Lahore Motorway. The ECC met on Monday at the Prime Minister’s Office under the chair of the Finance Minister Ishaq Dar. The meeting approved the proposal […]
Federal govt transfers LPA management to FBR on September 26, 2016ISLAMABAD: The federal government has decided to transfer the powers of establishing and overseeing the matters of Land Port Authority to the Federal Board of Revenue (FBR) by taking money from the Ministry of Commerce. A source told this scribe that on one hand, the Ministry of Commerce had withdrawn itself from supervision of the […]