Tue, 21-Oct-2025

ECC Approves To Provide RLNG To Domestic & Commercial Consumers

ECC

ISLAMABAD: A meeting of the Economic Coordination Committee (ECC)of the Cabinet, chaired by Finance Advisor Abdul Hafeez Sheikh, approved the provision of Regasified Liquefied Natural Gas (RLNG) for winter needs of domestic and commercial consumers. According to details, a meeting of the Economic Coordination Committee of the Cabinet was held under the chairmanship of Finance … Read more

Kamyab Jawan Program loan limit increased to Rs 25 million: Finance Advisor

Kamyab Jawan Program loan limit increased to Rs 25 million: Finance Advisor

Finance Advisor Abdul Hafeez Sheikh has said that more funds were released today for the Kamyab Jawan Program in 2019. According to details, Finance Advisor Abdul Hafeez Sheikh while addressing a press conference along with Special Assistant for Youth Affairs said that the government launched a Kamyab Jawan Program in 2019, which will provide loans … Read more

Abdul Hafeez Sheikh removed from National Finance Commission

Hafeez Sheikh coronavirus

The prime minister’s adviser on finance, Abdul Hafeez Sheikh, has been removed from the National Finance Commission.

The court submitted a notification of this to the Islamabad High Court on Wednesday. The notification appointing him to the commission, which had been challenged in court, has now been withdrawn, Attorney-General Khalid Jawed Khan said.

But Pakistan Muslim League-Nawaz (PML-N) MNA Mohsin Shahnawaz Ranjha argued that their objection was that the NFC had been formed without consulting them.

I also had issues with the last NFC notification, said the attorney-general. The court praised Jawed Khan for his comments and Justice Miangul Hassan Aurangzeb said not every attorney-general speaks like this.

Ranjha said their victory is that the government has to work according to the Constitution.

However, the PML-N had challenged Hafeez Sheikh being able to chair the NFC as the finance adviser. Traditionally, the country’s finance minister chairs the NFC.

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Ehsaas Cash Program will provide relief to poor, ensures PM Khan

Government

Prime Minister Imran Khan has said that the purpose of the subsidy is to provide relief to the poor and deserving people. According to details, a think tank meeting was held under the chairmanship of Prime Minister Imran Khan on issues related to economy. The meeting discussed budgets for electricity, gas, fertilizers, utility stores, exports, … Read more

Provision of relief to the poor segments of society is our top priority: PM

Provision of relief to the poor segments of society is our top priority: PM

Prime Minister Imran Khan has said that providing relief to the poor segments of the society is the top priority, a strategy must be formulated to revive the economy and keep the people safe from coronavirus. Prime Minister Imran Khan chaired a meeting of the Economic Think Tank, which was also attended by Finance Advisor … Read more

Balochistan High Court annuls appointment of Hafeez Sheikh in NFC

Abdul Hafeez Shaikh media briefing

The Balochistan High Court has annulled the appointment of Finance Advisor Abdul Hafeez Sheikh and Secretary Finance as experts in the National Financial Commission Award (NFC). According to the details, A bench of the Balochistan High Court comprising Chief Justice Jamal Khan Mandokhel and Justice Nazir Ahmad Langu heard miscellaneous petitions relating to the National … Read more

Abdul Hafeez chairs meeting of Economic Coordination Committee

Abdul Hafeez sheikh

Advisor Finance chaired the meeting of Economic Coordination Committee (ECC). The sources said that ECC approves Rs 75 billion for Ehsas program. Under the Ehsas program, the money will be distributed to eligible people, sources The sources further said that The meeting will also consider giving approval to EOBI’s budget proposal for the current fiscal year 2019-20 … Read more

Federal govt orders early disbursement of salaries and pensions

Abdul Hafeez Sheikh

Prime Minister Imran Khan’s Advisor on Finance Dr Abdul Hafeez Shaikh says the government has announced a massive relief package amounting to 1.25 trillion rupees to support the business community and to provide relief to the poor people in wake of the outbreak of COVID-19. Sources said that the federal government has ordered early disbursement … Read more

fiscal deficit of Pakistan reduced by 73 percent

fiscal deficit

Current fiscal deficit of Pakistan reduced by 72.6 percent during first five month of FY 2019-2020. Prime Minister’s Adviser on Finance Abdul Hafeez Sheikh tweeted two different charts to show performance of the government in finance sector. He wrote in his tweet  that the current account deficit reduced by seventy three percent during the first … Read more

Hafeez Sheikh says current account deficit reduced by 73 %

Hafeez Sheikh

Finance Adviser Abdul Hafeez Sheikh said, current account deficit reduced by 73 % during the first 5 months. Hafeez Sheikh tweeted the foreign exchange reserves of State Bank of Pakistan increased by 1.8 billion dollars during this period. He said reduction of 3 bn dollars in foreign exchange swaps and forward liabilities increased the foreign … Read more

National economy is improving says Prime Minister

National economy is improving says Prime Minister

Prime Minister Imran Khan reviewed the economic situation of the country and said economic stability and providing facilitation to investors and business community is top priority of the government. Prime Minister chaired the economic team meeting, senior officials including Advisor Finance, Federal Ministers Hamad Azhar, Khusro Bakhtiar, Chairman FBR, Advisor Finance and Trade and Firdous … Read more

Construction activities increase in the country: Hafeez Sheikh

Construction activities increase in the country: Hafiz Sheikh

Advisor to Prime Minister Imran Khan on Finance, Revenue and Economic Affairs Abdul Hafiz Sheikh has said that construction activities have increased in the country. Special Assistant to the Prime Minister for Information and Broadcasting, Firdous Ashiq Awan and the Government Economic Team have held a press conference in Islamabad. During the press conference Government … Read more

IMF hails Govt’s efforts to achieve economic goals

IMF hails Govt’s efforts to achieve economic goals

The International Monetary Fund (IMF) delegation has returned to Washington after completed Pakistan’s visit. According to the details, the IMF delegation reviewed Pakistan’s economy while the delegation also praised the Advisor Finance and their team for the steps taken to improve Pakistan’s economy. The delegation also met with provincial governments and other stakeholders and the … Read more

IMF mission to arrive in Pakistan on October 28

Energy prices should retreat by early 2022: IMF official

A delegation of The International Monetary Fund (IMF) will arrive in Pakistan on October 28. According to details, a staff level delegation will review progress of structural improvements and privatization. Government spending and receipts will be observed by the delegation. As per the sources, the mission will conclude percentages of Pakistan’s economy. Last month, A … Read more

Pakistan to submit the compliance report in FATF meeting

FATF meeting

The meeting of Financial Action Task Force (FATF) is underway in Paris where Pakistan will submit its compliance report. Pakistan economic affairs minister Hammad will present the compliance report which suggest the Pakistan’s efforts to tackle terror-financing and money laundering. Officials of Securities & Exchange Commission of Pakistan (SECP), National Counter Terrorism Authority (NECTA), State … Read more

Govt has overcome two major deficits: Abdul Hafeez Sheikh

Adviser on Finance

Adviser on Finance Abdul Hafeez Sheikh has said that the government has overcome the fiscal and trade deficits. While addressing a press conference along with Chairman Federal Board of Revenue (FBR) Shabbar Zaidi in Islamabad he said that the current account deficit has been reduced to the record level. For this, government struck agreements with … Read more

IMF delegation meets government officials today

A meeting was called by the International Monetary Fund’s (IMF) delegation with Prime Minister Imran Khan on Tuesday, to review Pakistan’s economic condition and ongoing bailout package given by the fund to Islamabad. Adviser Prime Minister on Finance Dr Abdul Hafeez Sheikh, Governor State Bank Dr Reza Baqir and Secretary Finance Naveed Kamran Baloch were … Read more