ISLAMABAD: Finance Minister Miftah Ismail has informally tendered his resignation from the post, BOL News reported. The decision was made during a meeting between PML-N supremo Nawaz Sharif and Prime Minister Shehbaz Sharif in London. PML-N leaders Ishaq Dar, Marriyum Aurangzeb, Tariq Fatemi, Ahad Cheema and others were also present. They deliberated on a wide … Read more
LONDON: PML-N leader and former finance minister Ishaq Dar will be return to Pakistan along with Prime Minister Shehbaz Sharif on Sunday, Bol News reported. The decision was taken during a meeting between PML-N supremo Nawaz Sharif and PM Shehbaz Sharif in London. This is the second meeting both leaders have held in two days. … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday held an important meeting with Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif in London and discussed a wide range of issues. According to reports, it was decided during the meeting that PML-N leader Ishaq Dar will assume charge as the finance minister on Tuesday, September 27. It was … Read more
ISLAMABAD: Prime Minister Shehbaz Sharif on Saturday arrived in London to meet Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif and discuss the ongoing political situation in the country. According to reports, the prime minister will discuss the imminent return of Ishaq Dar to Pakistan where he is expected to resume his responsibilities as finance minister. … Read more
ISLAMABAD: Finance Minister Miftah Ismail appealed to the world to provide assistance to flood victims after torrential rains devastated the country. Addressing a press conference along with Information Minister Marriyum Aurganzeb, the federal minister said the current situation is worse than the 2010 floods. He said the prime minister visited parts of Sindh and will … Read more
ISLAMABAD: Finance Minister for Finance and Revenue Miftah Ismail has urged all development partners to extend broad-based support and assistance for flood-affected people in Pakistan. Miftah held a meeting with Princess of Jordon Sarah Zeid Raád who called on him at the Finance Division during an official visit to Pakistan. The finance minister also highlighted … Read more
ISLAMABAD: The federal government has allowed the release of imported items that reached ports after June 30 with after imposing surcharge payment. Federal Minister for Finance and Revenue Miftah Ismail said the government has issued a Statutory Regulatory Order (SRO) to reverse the ban on imports of luxury items to meet international obligations. The minister … Read more
ISLAMABAD: Federal Minister for Finance and Revenue, Miftah Ismail said that attracting the United States foreign investment in different sectors of the economy was the government’s top priority. The minister was talking to Ambassador of the United States of America to Pakistan, Donald Blome who called on him at the finance ministry. Miftah Ismail extended … Read more
Petroleum Division sources claim that the cost of gasoline can be cut by Rs. 10 per litre. Federal cabinet has given its blessing to a 15-day price adjustment for petroleum products. New gasoline and diesel rates may be revealed today, Finance Minister MIftah Ismail said. The price of gasoline in Pakistan is projected to decrease … Read more
Some local governments have distributed consumption vouchers to encourage consumption. But those actions remain insufficient. China will have difficulty achieving its official 2022 economic growth target of about 5.5 percent. If more deficit spending is required to fund assistance for small firms, China can consider it, according to a former finance minister on Saturday. Lou … Read more
Every government member supposed to want to work 300 percent, says prime minister. Plenković would not reveal where Marić is going and that he still does not have a clear picture; of what he will work in the future. “When he is ready to say something more about that he will do so,” PM says. … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail expressed gratitude to Asian Development Bank (ADB) for ongoing programmes. The finance minister was chairing a meeting with Country Director Yong Ye. He thanked the delegation for their persistent support and guaranteed them full cooperation by the present government for the swift execution of the ongoing … Read more
ISLAMABAD: PML-N senior leader and former finance minister Ishaq Dar is expected to return to Pakistan next month in July, Bol News reported. According to well-informed sources, Dar is likely to visit Pakistan in the second week of July. Dar has been given the go-head by PML-N supremo Nawaz Sharif, who is also self-exiled in … Read more
Pakistan has asked the IMF to change the size of the programme from $6 billion to $8 billion. An 11 percent sales tax on petroleum products will be implemented beginning July 1, 2022. Furthermore, a levy of Rs 50 per litre on petroleum goods has been decided. The talks between Pakistani authorities and IMF personnel … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail has assured complete support for the completion of the China-Pakistan Economic Corridor (CPEC) projects. The federal minister met Pangchunxue, Charge d’Affaires of the Embassy of China, in Islamabad and discussed a wide range of bilateral issues. Minister for State Dr Ayesha Ghaus was also present. The … Read more
ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Wednesday said that the Chinese consortium of banks has signed the $2.3 billion (15 billion renminbi) loan facility agreement. In his tweet, the finance minister said the inflow was expected within a couple of days. He thanked the Chinese government for facilitating the transaction without providing … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Miftah Ismail on Tuesday assured real estate stakeholders that their proposal about capital gains tax would be considered by the government. The minister was meeting a delegation of DHA Estate Agents Association headed by Chief Patron Mian Irfan. The minister assured the delegation to consider the relief in … Read more
ISLAMABAD: Federal Minister for Revenue and Finance Miftah Ismail on Monday announced that the stalled International Monetary Fund’s (IMF) Extended Fund Facility (EFF) would be revived within a few days. “I am very hopeful that the IMF programme will be revived within a day or two,” the finance minister said while speaking to journalists. Miiftah … Read more
The Sri Lanka government said on Tuesday that it has decided to change five taxation laws in order to raise tax rates in order to restore government revenue to 2019 levels. Value added taxes are likely to be included in the tax rate increase. Read more: Sri Lanka PM declares they are working to stabilize … Read more
Finance Minister claims Russia is in need of big resources to continue to war “Big assets” are expected to keep battling what Russia refers to as “extraordinary military activity”. Finance minister, Anton Siluanov has said. Sanctions forced by the West have assisted with bringing inflation up in Russia to practically 18%. While the economy, in … Read more
In the next budget, it has been decided to allocate up to Rs 100 billion in the development budget for the backward areas. According to sources in the Ministry of Planning, it has been decided to allocate up to Rs 100 billion in the development budget for the backward areas in the next financial year … Read more
Finance minister Rishi Sunak has become Friday the first excessive-profile British flesh presser to make the Sunday Times Rich List, weeks after his family’s tax arrangements attracted controversy and amid a value-of-dwelling disaster. Sunak and his Indian spouse Akshata Murty, whose father co-founded the IT behemoth Infosys, made the yearly listing for the first time … Read more
As the Pakistani rupee endured its downward streak in opposition to the dollar, Finance Minister Miftah Ismail on Saturday vowed that the authorities could take all feasible measures to stabilize the local unit and the overseas forex market. Presiding over an assembly of the heads of foremost trade organizations, Miftah Ismail expressed the company remedy … Read more
Police in London announced Thursday that they have issued more than 50 further penalties in connection with the “Partygate” controversy that has rocked Prime Minister Boris Johnson’s cabinet. The Metropolitan Police claimed the lockdown party probe resulted in “more than 100 referrals for fixed penalty notices.” The Met stated “over 50” penalties had been issued … Read more
The finance minister said Wednesday that the South Korean government planned to submit a supplemental budget bill to parliament later this week to help Covid-19 pandemic-affected microbusiness owners. In his first meeting with the ruling People Power Party (PPP), Minister of Economy and Finance Choo Kyung-ho said the government drafted the additional budget measure to … Read more
Economist and former finance minister Rodrigo Chaves was sworn in Sunday as Costa Rica’s president for a four-yr mandate centered on reinvigorating considered one of Latin America’s most solid economies. The former World Bank govt, who resigned from the worldwide lender amid a sexual harassment scandal, has made it his project to tackle Costa Rica’s … Read more
SINGAPORE: Singapore Prime Minister Lee Hsien Loong announced on Saturday that Finance Minister Lawrence Wong will take over as the city-next state’s leader. According to a party announcement on Thursday, Wong has been selected as the leader of the PAP’s so-called fourth-generation (4G) team, paving the way for him to become the city’s next prime … Read more
French President Emmanuel Macron embarked Monday on a final fortnight of campaigning against his far-right rival Marine Le Pen for a French presidential run-off shaping up to be a much closer fight than their contest five years back. Macron came out on top in Sunday’s first round of voting with 27.85 percent, with Le Pen … Read more
