Saarc moot calls for trade liberalisation, regional connectivity on August 25, 2016 ISLAMABAD: In the absence of Indian, Bangladesh and Nepal’s finance secretaries, the 8th SAARC Finance Minister conference on Thursday stressed robust collaboration for trade liberalisation and regional connectivity among member states. It was agreed to implementation SAARC Agreement on Trade in Services (SATIS), avoidance of double taxation, give special focus on customs-related trade facilitation […]
Cost of Lowari Tunnel project jumps up to Rs 2.68 billion on August 23, 2016ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) has approved the revised estimate of Lowari Road Tunnel and Access Road project at the cost of Rs 2.685 billion. The project will be completed by October 2017. Finance Minister Ishaq Dar chaired the meeting of the ECNEC here at the Prime Minister’s Secretariat on […]
Dar approves Mobile Money Order Scheme By Shahzad Paracha on August 21, 2016ISLAMABAD: Finance Minister Ishaq Dar has approved the launch of the Mobile Money Order Scheme through the public-private partnership on a revenue-sharing basis. According to the documents obtained by Daily Times, Prime Minister Nawaz Sharif chaired a meeting on December 29 to review the reform agenda of the Pakistan Post and directed the Finance Ministry […]
Cleaner, more efficient fuel approved for use in Pakistan by ECC on August 18, 2016ISLAMABAD: In order to make the environment cleaner and more hygienic, the Economic Coordination Committee (ECC) on Thursday allowed the introduction of 92 Research Octane Number (RON) premium motor gasoline (petrol) in Pakistan. Currently the country was using 87 RON premium which has been largely abandoned by the world. The new 92 RON cleaner and […]
Govt not ready to brief Senate body on debt retirement scheme on August 17, 2016ISLAMABAD: Saleem Mandviwalla, chairman of the Senate Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation, said on Wednesday that the government was not ready to brief the committee about the Qarz Utaro Mulk Sanwaro Scheme or the National Debt Retirement Programme. Presiding over the committee meeting at the Parliament House, Mandviwalla said the […]
Indian finance ministers visit for SAARC meeting thrown in doubt on August 16, 2016ISLAMABAD: Finance Minister Ishaq Dar has started lobbying to ensure that Indian Finance Minster Arun Jaitley come to Islamabad for the South Asian Association for Regional Cooperation (SAARC) meeting. Sources in the Ministry said that Finance Minister Ishaq Dar wants the presence of the Indian Finance Minister in this conference, which is going to be […]
Pakistan mulls providing tax-free zones to stimulate investment on August 16, 2016ISLAMABAD: In order to encourage foreign investment in Pakistan, the federal government has decided to provide facilities like Panama and Virgin Islands to foreign investors in Pakistan. According to documents available with Daily Times that government is going to introduce the companies’ bill 2016 in parliament soon according to which incumbent government will provide incentives […]
NA body reprimands NBP president over ‘inefficiency’ on August 11, 2016 ISLAMABAD: The National Assembly’s Standing Committee on Finance has reprimanded the National Bank of Pakistan (NBP) president over the increasing number of complaints against the bank’s management. The committee met at the Parliament House on Thursday, with Qaisar Ahmed Sheikh in the chair. The committee members said that NBP President Syed Muhammad Iqbal Ashraf […]
237,000 NICs blocked, 29,000 passports cancelled in three years on August 10, 2016ISLAMABAD: Federal interior Minister Chaudhary Nisar Ali Khan has said that the incumbent government has blocked some 237,000 national identity cards and about 29,000 passports that were found to be counterfeit. Nisar said that almost 350,000 CNICs were verified during the last 40 days and countless cases surfaced regarding the inclusion of unrelated persons in […]
Indian granite point of tension between FBR, Commerce Ministry on August 9, 2016 ISLAMABAD: A dispute between the Federal Board of Revenue (FBR) and Ministry of Commerce has been intensified on the import of Polished Granite from India. According to reliable source that Ministry of Commerce has written a letter to FBR that inquiry should be conducted against the responsible persons who put the polished granite in […]