ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin, presided over a meeting on Low Cost Housing at the Finance Division on Monday. Naya Pakistan Housing and Development Authority (NAPHDA) Chairman Lt Gen Anwar Ali Hyder (Retd), the State Bank of Pakistan (SBP) Governor and other senior officers attended the meeting. NAPHDA chairman shared the … Read more
ISLAMABAD: Prime Minister Imran Khan’s much-anticipated visit to Beijing has not only cleared the ambiguities over the viability of the China-Pakistan Economic Corridor (CPEC) projects, but also attracted investment worth billions of dollars in various sectors. During the visit, the two sides also chalked out a plan for CPEC’s Phase-II, which involves huge incentives for … Read more
ISLAMABAD: The International Monetary Fund (IMF) on the government’s request has delayed its board meeting for the sixth review of the Extended Fund Facility (EFF), an official said. Federal Minister for Finance and Revenue Shaukat Tarin said that the government requested the IMF to delay its board meeting as the State Bank of Pakistan (SBP) … Read more
ISLAMABAD: Minister for Finance and Revenue Shaukat Tarin on Monday said that the reforms measures being taken by the incumbent government would help bring the whole retail sector worth Rs20 trillion into the tax net. “The total sale of retail sector in the country is Rs20 trillion, and Rs16 trillion of it is not in … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has urged the jewellery industry to enhance the exports and, in this regard, the government will extend full support to them. During a meeting with the delegation of the jewellers association at the Finance Division on Tuesday, the adviser highlighted the importance of … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin said that revitalisation and strengthening of the Small and Medium Enterprises Development Authority (Smeda) and the SME Bank is essential to achieve the targets of the SME policy. Tarin chaired a meeting on revitalising Smeda at the Finance Division on Thursday. Highlighting the … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin has expressed keen interest in deepening bilateral relations with Iraq, particularly enhancing cooperation in oil and gas sectors, besides boosting the quantum of trade between the two counties. The adviser was talking to Ambassador of the Republic of Iraq to Pakistan, Hamid Abbas … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with a delegation of the Pakistan Retail Business Council (PRBC), headed by Hamid Yamin at the Finance Division. The delegation apprised the adviser about the problems being faced by the retailers and sought support of the government to resolve their … Read more
ISLAMABAD: The government is committed to introduce reforms in various sectors, in the face of various challenges, to address the long outstanding structural issues and to attain sustainable and inclusive growth. During a meeting with Stephanie Von Friedeburg, senior vice president of the International Finance Corporation (IFC) at the Finance Division on Friday, Adviser to … Read more
ISLAMABAD: The government is taking all possible measures to ensure smooth supply of essential commodities throughout the country, a senior official said. Presiding over the National Price Monitoring Committee (NPMC) meeting, Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin expressed satisfaction on the prices of commodities in Sasta Bazaars in Punjab, Khyber-Pakhtunkhwa, … Read more
ISLAMABAD: A record trade deficit, double-digit inflation and increase in the interest rate of T-bills auction created panic at the Pakistan stock market but the economy is on strong footings and will grow beyond 5 per cent in this financial year, a senior government official said on Friday. In a media briefing along with Adviser … Read more
ISLAMABAD: Adviser to the Finance and Revenue Shaukat Tarin has directed the relevant authorities to take effective policy measures to reduce unnecessary imports of luxury items. The adviser made these remarks, while presiding over a meeting to review the balance of trade at the Finance Division, a statement issued by the Finance Ministry said. The … Read more
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with a delegation of Citibank Pakistan during which different proposals were discussed for securing investment, commodity hedging for budget certainty and debt management. The Citibank delegation was led by its president and country officer for Pakistan Ahmed Bozai, a statement … Read more
ISLAMABAD: Minister for Finance Shaukat Tarin has highlighted the economic priorities of the government, emphasising that Prime Minister Imran Khan was committed to inclusive and sustainable economic growth that benefits all the segments of the society, especially the poor. Speaking at a seminar on Pakistan’s Economy, organised by the Embassy of Pakistan, Washington, DC in … Read more
ISLAMABAD: The federal government will provide a guarantee of 50 per cent of each loan given through the Kamyab Pakistan Programme on risk sharing basis with the banks. Federal Minister for Finance and Revenue Shaukat Tarin presided over the joint meeting of the Steering Committee and the Advisory Board of the Kamyab Pakistan Programme at … Read more
ISLAMABAD: Finance and Revenue Minister Shaukat Tarin has stressed on the German investors and businessmen to further strengthen business and economic linkages between the two countries. Talking to a German business delegation, which called on him at the Finance Division, the finance minister highlighted the salient features of Pakistan’s investment policy. The policy envisages attracting … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has stressed on the Ministry of Commerce to conduct sensitivity analysis and build scenarios for effective forecasting both in imports and exports for each month of the year. Presiding over a meeting to review the trade balance situation at the Finance Division on Monday, the finance … Read more
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over the price fixation of steel products for the imposition of sales tax. The apex trade body in a communication sent to Finance Minister Shaukat Tarin on Wednesday, highlighted serious issues of the small and medium steel re-rolling sector. The FPCCI … Read more
ISLAMABAD: The federal and provincial governments would move towards harmonising taxes across the multiple jurisdictions to facilitate the businesses and reduce the cost of doing business in Pakistan, a senior government official said on Wednesday. Presiding over the first meeting of the National Tax Council (NTC) held at the Finance Division, Federal Finance and Revenue … Read more
ISLAMABAD: The government has vowed to encourage and incentivise fertiliser manufacturers, as well as exporters to meet the domestic demand effectively. Chairing a meeting with the chairman and other members of the Fertilizer Manufacturers of Pakistan Advisory Council (FMPAC), Federal Minister for Finance and Revenue Shaukat Tarin highlighted the need to bring in more investment … Read more
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved two summaries for import of 200,000 tonnes of sugar and 400,000 tonnes of wheat to curtail food inflation and stabilise prices. Federal Minister for Finance and Revenue Shaukat Tarin presided over the meeting. The ECC approved the summary tabled by the Ministry of … Read more
ISLAMABAD: Federal Finance Minister Shaukat Tarin has urged the cement manufacturers to reduce the prices, as the cement industry is of paramount importance due to its backward and forward integration with the construction sector, as a whole. During a meeting with the representatives of the cement manufacturers at the Finance Division, the finance minister stressed … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin has vowed to carry forward a comprehensive reform agenda for bringing the much-needed changes in the public sector, a statement issued by the Finance Ministry said. During a meeting with Adviser to the Prime Minister on Institutional Reforms and Austerity Dr Ishrat Husain, the minister acknowledged … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Shaukat Tarin expressed concern over the consistent rise in the prices of edible oil/ghee in domestic markets over the period of time. In a meeting with the delegation of Pakistan Vanaspati Manufacturers Association (PVMA), the finance minister urged PVMA to adopt market-based solutions and bring down prices in … Read more
KARACHI: The people earning taxable income will be brought into the tax net through artificial intelligence, a senior government official said on Friday. Addressing the members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Karachi Chamber of Commerce and Industry (KCCI), Finance Minister Shaukat Tarin said that the country needs … Read more
ISLAMABAD: Finance and Revenue Minister Shaukat Tarin stressed the importance of meaningful interventions in the market by building strategic reserves of basic commodities, including wheat, sugar, edible oil/ghee, vegetables and pulses to prevent hoarding and undue profiteering. Chairing the meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division, the finance minister … Read more
ISLAMABAD: The government will launch the Kamyab Pakistan Programme on August 9, a senior government official said. Chairing a consultative meeting held to finalise the arrangements for the launch of the programme, Federal Minister for Finance Shaukat Tarin said that Prime Minister Imran Khan will launch the government’s largest welfare project. Special Assistant to the … Read more
ISLAMABAD: The government’s Kamyab Pakistan Programme aims at uplifting the 4.5 million underprivileged households who are registered with the National Socio-Economic Registry (NSER) of the Ehsaas programme, a senior government official said. Chairing a meeting of the Steering Committee and the Advisory Board of the Kamyab Pakistan Programme through a video-link, Federal Minister for Finance … Read more
