Tue, 21-Oct-2025

Federal minister directs scaling up wheat, sugar imports

Finance Minister hints at "extraordinary" drop in flour prices in next few days

KARACHI: Federal Minister for Finance and Revenue Shaukat Tarin asked the ministries concerned to accelerate wheat and sugar imports and ensure that sufficient stocks are available for a smooth supply during the current financial year. He also urged the ministries concerned and Trade Corporation of Pakistan (TCP) to exercise due diligence and take appropriate measures … Read more

ECC extends power, gas subsidies for export-oriented sectors

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved the continuation of electricity and gas subsidies for export-oriented sectors to support growth momentum in exports during the current financial year. This decision was taken during the meeting of the ECC, which was presided over by Federal Minister for Finance and Revenue Shaukat … Read more

IMF assistance a ray of hope for rupee

IMF rupee

KARACHI: Inflows from the International Monetary Fund (IMF) is a ray of hope for the rupee, after it witnessed a significant decline against the dollar. Despite strong receipts of exports and workers’ remittances, the local currency failed to recover against the greenback. The IMF has announced a $650 billion financial package to boost the global … Read more

Increased remittances depict Overseas Pakistanis’ confidence: PM

Kamyab Pakistan Programme

ISLAMABAD: Prime Minister Imran Khan has described the Overseas Pakistanis as the country’s precious asset and said the increasing numbers of foreign remittances depicted their confidence in the government’s policies. Presiding over a review meeting for the ease of Overseas Pakistanis in sending remittances under the priority sectors and their further facilitation, the prime minister … Read more

State Bank to receive IMF loan worth $2.77 billion on August 23: Tarin

Finance Minister Vows To Make E-commerce More Sustainable Through Digitization

ISLAMABAD: The central bank will receive the International Monetary Fund’s (IMF) unconditional loan worth $2.77 on August 23, 2021, a senior government official said on Thursday. In a hurriedly called press conference, Finance and Revenue Minister Shaukat Tarin said that the IMF has approved the largest-ever distribution of monetary reserves of $650 billion to boost … Read more

Tarin lauds FBR for record tax collection in July

Shaukat Tarin Budget speech

ISLAMABAD: Federal Finance and Revenue Minister Shaukat Tarin has commended the tax authorities over record revenue collection of Rs413 billion during July 2021, showing a growth of 21 per cent against the set target for the month. Chairing a meeting of the apex committee on broadening the tax base and integration of retail businesses, held … Read more

Japan focusing on developing export base in Pakistan: envoy

Pakistan, Japan

ISLAMABAD: Japan was focusing on developing a strong export base in Pakistan and was looking beyond the traditional sectors of textiles and automobiles, a diplomat said. During a call on meeting with Federal Minister for Finance and Revenue Shaukat Tarin Japanese Ambassador to Pakistan Kuninori Matsuda said that his country saw opportunities for investment in … Read more

Budget 2021-22: What are the government’s revised plans

Shaukat Tarin Budget speech

Finance Minister Shaukat Tarin delivers the final session of debate on Budget 2021-22 in the National Assembly. House considers recommendations made by Senate for incorporation to Budget 2021-22. Tarin emphasized “comprehensive and sustainable development this time around” during his budget speech. “We will give interest-free loans up to Rs300, 000 for agriculture. An interest-free loan … Read more

Finance Minister answers the reason behind going to IMF

Finance Minister hints at "extraordinary" drop in flour prices in next few days

Finance Minister Shaukat Tarin spoke about the major challenges faced by the PTI government Tarin further explained how the government tried to deal with these challenges with limited resources. The biggest difficulty, he said, “When the PTI government came to power, was the country’s current account deficit of $20 million”. In the past, growth could … Read more

Govt fast-paced development work in ex-Fata districts: Tarin

Shaukat Tarin

KARACHI: Industries played an important role in the development of an area, and the federal government has fast-paced the uplift work in the Federally-administered Tribal Areas (Fata) after its merger with the Khyber-Pakhtunkhwa province, a government official said on Thursday. Chairing a special meeting with the delegation of the representatives of industries from the ex-Fata … Read more

ECC approves technical supplementary grant of Rs300 million for joint border markets

ECC meeting

KARACHI: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved the technical supplementary grant of Rs100 million each from the Public Sector Development Programme (PSDP) to establish joint border markets at Mand, Kech district, Gwadar, Gabd district and Chedgi, Panjgur district, of the total allocation of Rs300 million. The ECC meeting, which was … Read more

Tarin seeks proposals for divesting govt shares in Mari Petroleum

Tarin seeks proposals for divesting govt shares in Mari Petroleum

KARACHI: Federal Minister for Finance and Revenue Shaukat Tarin on Wednesday directed the Privatisation Commission and the Ministry of Petroleum to come up with the comprehensive proposals for divestment of government shares in Mari Petroleum Company Limited (MPCL), official Associated Press of Pakistan reported. Chairing the meeting of the Cabinet Committee on Privatisation (CCoP), the … Read more

Govt vows to bring prices of essential items down

essential items

KARACHI: The government has vowed to bring the prices of essential items down and expressed the hope that the need for continued subsidy will no longer be required, a spokesman for the Ministry of Finance said. Responding to the press conference by former finance minister Miftah Ismail, he said the foreign exchange reserves have witnessed … Read more

$17.3mn approved to clear Roosevelt Hotel’s liabilities

Roosevelt-Hotel-PIA

The Economic Coordination Committee (ECC) of the cabinet on Wednesday permitted $17.3 million funding to clear the Roosevelt Hotel’s liabilities. A meeting of the ECC chaired by Finance Minister Shaukat Tarin has also approved Rs 274 million grant for state televisions and news agencies. It was decided in the meeting to provide additional wheat to … Read more

Petrol-Diesel Prices Today: Federal govt announces increase in Prices

Petrol at pump stations

The federal government has announced an increase in petrol-diesel prices today till 30th June. The federal government on Tuesday announced that the price of petrol for June will be Rs110.69 per liter. According to the ministry that Rs 2.13 is increased in Petroleum price, after which the current rate is Rs 110.69 per liter. Rs … Read more

FPCCI rejects tax officials’ arrest powers

6th of September

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday rejected the proposed powers for the tax officials to make arrests on concealment of income, a statement said. The FPCCI President Mian Nasser Hyatt Maggo slammed the amendment to Section 203A of the Income Tax Ordinance, 2001, proposed through the Finance Bill, … Read more

‘We should not play politics with the poor’, Shaukat Tarin

shaukat-tareen

Finance Minister Shaukat Tarin addressing the post-budget press conference in Islamabad today, stated that the government had presented an aggregate growth budget, and their challenge is to alleviate the GDP. The finance minister said that the poor and deprived in Pakistan had not conventional loans and training for the last 70 years. He said loans … Read more

Budget 2021-21: PSDP Highlights

Budget 2021-22 GDP growth rate set

The federal government in Budget 2021-21 has broadcasted an Rs2.1 trillion disbursement for the Public Sector Development Programme (PSDP), with Rs900 billion set aside for federal and Rs1.235 trillion for provincial development programs. Aviation Division – Rs3,558.2 million Board of Investment –  Rs80 million Cabinet Division – Rs46,155 million Climate Change Division – Rs14,327 million … Read more

Budget 2021-22: PM Imran summons special cabinet meeting

Budget 2021-22

Pakistan Tehreek-e-Insaf (PTI) led government is all set to present the federal Budget 2021-22 on June 11, Prime Minister Imran Khan has beckoned a special session of the federal cabinet tomorrow (Friday). Finance Minister Shaukat Tarin will brief the bureau on budget dispensing, revenue target, budget deficiency, and other significant issues identified with FY budget … Read more

Budget 2021-22: Shaukat Tarin Presents National Economic Survey

Budget 2021-22: Shaukat Tarin Presents National Economic Survey

Federal Finance Minister Shaukat Tarin presented the National Economic Survey for the financial year 2020-21. Addressing a news conference in Islamabad, Shaukat Tarin said that the financial year 2021 started during the global pandemic of coronavirus. He said that with the effective policy of this government, the effects of the COVID-19 were eliminated and economic … Read more

Prime Minister Imran Khan visits ISI headquarters

Imran Khan

Prime Minister Imran Khan visited the headquarters of Inter-Services Intelligence (ISI) in Islamabad on Monday. According to the details, Prime Minister Imran Khan was briefed about the challenges being faced by Pakistan both regionally and internationally. On the occasion, Interior Minister Sheikh Rashid, Finance Minister Shaukat Tarin and National Security Advisor (NSA) Moeed Yusuf were … Read more

Pakistan’s economic growth to increase by 6 percent: Finance Minister Shaukat Tarin

Finance Minister Vows To Make E-commerce More Sustainable Through Digitization

Finance Minister Shaukat Tarin on Sunday revealed that the government will be giving targeted subsidies to the power sector in 2021. According to the details, while addressing a news conference in Islamabad today, Shaukat Tareen said that the government is focusing on enhancing exports, revenue collections, and many different administrative measures in a bid to … Read more

Here’s why Basic Commodities are getting Expensive in Pakistan

Basic Commodities

Federal Minister for Finance and Revenue Shaukat Tarin led the meeting of the National Price Monitoring Committee (NPMC) at the Finance Division today to discuss the price of basic commodities. The NPMC studied the prices of the essential commodities especially wheat flour, sugar, edible oil/ghee, pulses and chicken during the last week. While briefing the … Read more

Country’s GDP growth must be at least 6 to 7 percent: Shaukat Tarin

Shaukat Tarin

The newly-appointed Federal Minister for Finance Shaukat Tarin had met Prime Minister Imran Khan recently and discussed the economic situation of the country.

Economist and financial experts had also attended the meeting. Federal Minister for Energy Hamad Azhar and social media members of the ruling party were also present in the meeting.

According to sources, the meeting took place at the Prime Minister’s House two days ago in which the country’s economic situation was discussed.

Expressing full confidence in Shaukat Tarinn’s abilities, PM Imran Khan said that he has known Shaukat Tareen for 35 years and he has also been a part of the Board of Governors of Shaukat Khanum Hospital.

“I am confident that Shaukat Tarin will come up with better planning for the further stability of the country’s economy”, said PM Khan.

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Shaukat Tarin: Know More About New Finance Minister Of Pakistan

Shaukat Tarin

Prime Minister Imran Khan has once again made changes in the federal cabinet and announced the appointment of Shaukat Tarin as Finance Minister. Shaukat Tarin is the fourth minister after Asad Umar, Hafeez Sheikh and Hamad Azhar in the two-year and eight-month PTI government to be given the pen of finance. Shaukat Tarin is a … Read more

Pakistan Cabinet Reshuffle: Shaukat Tarin appointed as new Finance Minister

Federal Cabinet

Prime Minister Imran Khan has reshuffled the federal cabinet once again. According to the Prime Minister Office, Imran Khan has appointed Shaukat Tarin as the new finance minister. The additional charge of the finance minister was taken back from Industries and Production Minister Hammad Azhar who has now replaced Omar Ayub as power minister. Omar … Read more