Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh has said that despite the novel coronavirus pandemic various economic indicators including remittances, foreign direct investment (FDI) and exports and large scale manufacturing have shown progress. According to the details, Dr. Abdul Hafeez Shaikh while speaking to a Webinar said the government of Pakistan Tehreek … Read more
Dr. Abdul Hafeez Shaikh has been sworn in as Federal Minister on Friday. President Dr. Arif Alvi administered the oath to Dr. Abdul Hafeez Shaikh at a ceremony at Aiwan-e-Sadr. According to the details, the move comes in light of the Islamabad High Court (IHC) decision on the inclusion of advisers and special assistants in … Read more
Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh has said Pakistan as a reliable and responsible member of the international community maintains to ensure the earliest fulfillment of the Financial Action Task Force Action Plan by increasing the effectiveness of its Anti-Money Laundering and Combating the Finance of Terrorism Regime. … Read more
The federal cabinet has formally approved the federal budget for the fiscal year 2020-21, BOL News reported on Friday. The cabinet meeting held today and was chaired by the Prime Minister of Pakistan. Adviser to PM on Finance Abdul Hafeez Shaikh has briefed the cabinet about the budget. The budget will now be presented to … Read more
Adviser to Prime Minister on Finance, Dr. Abdul Hafeez Shaikh has assured the nation that in the next budget, no new tax will be imposed. With budget preparations the government’s top priority, Sheikh informed that the ministry has met with all stakeholders and some 200 proposals have been accepted. In his recent statement, Dr. Abdul … Read more
The Economic Coordination Committee (ECC) has approved deferral of monthly and quarterly fuel adjustments in the electricity bills of consumers till June 2020. The ECC meeting in Islamabad was presided by Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh. The committee also approved four technical supplementary grants for the current … Read more
Economic Coordination Committee (ECC) has approved a proposal for a special relief package to further continue provision of subsidized electricity until June 2020 to five export-oriented sectors. The meeting of ECC was held in Islamabad today (Wednesday) with Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh in the chair. According to the … Read more
The International Monetary Fund (IMF) staff mission has commenced discussion with the government authorities to review Pakistan’s performance under its US $6 billion Extended Fund Facility (EFF). According to the details, the IMF team will review performance of various ministries and departments besides reviewing the energy and tax reforms during its stay in Pakistan. under … Read more
Islamabad: The Economic Coordination Committee (ECC) has recommended for submission on Monday to the federal cabinet a set of amendments proposed by the Ministry of Energy to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997. According to the sources, A session of the Economic Coordination Committee (ECC) held under the chair … Read more
Economic Coordination Committee (ECC) has approved grant of six billion rupees subsidy for Utility Stores Corporation (USC) of Pakistan for procurement of essential commodities, including flour, sugar, ghee,oil, pulses and rice. The ECC, which met in Islamabad on Monday with Advisor to Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair, approved the … Read more
The government has announced reduction in petroleum prices for the month of December to provide relief to people. The price of High Speed Diesel has been decreased by two point four rupees a litre and new price of the product would be 125.01 rupees. Similarly the price of MS petrol has also been cut by … Read more
Federal Minister for Economic Affairs Hammad Azhar has said that the World Bank has restored Budgetary Support to Pakistan on account of strengthening of economic stability. According to details in a message posted on social networking website Twitter, he said that the World Bank has taken a decision due to the strengthening of Pakistan’s economy. … Read more
