Category: Business

ISLAMABAD, Mar 4 (APP): Finance Minister, Muhammad Ishaq Dar here on Friday said mother and child care was a priority agenda in the health sector of the government.

ISLAMABAD, Mar 3 (APP): The US Ambassador to Pakistan, David Hale called on Finance Minister, Senator Mohammad Ishaq Dar on Thursday and extended him an invitation to attend the Global Connect Initiative (GCI) meeting.

ISLAMABAD, Mar 3 (APP): The newly appointed Country Director, United Nations Population Fund (UNFPA), Dr. Hassan Mohtashami, accompanied by UN Resident Representative, Neil Buhne, paid a courtesy call on Finance Minister, Senator Mohammad Ishaq Dar on Thursday.

ISLAMABAD, Feb 23 (APP): With the view to preserve the integrity, soundness and safety of the financial system, State Bank of Pakistan (SBP) has been endeavoring to prevent the possible use of the banking sector for money laundering, terrorist financing and illegal transfer of funds. To this end, SBP has been issuing various instructions and… Continue reading Maintenance of record of transactions conducted through FCA:SBP

ISLAMABAD, Feb 20 (APP): Finance Minister, Senator Mohammad Ishaq Dar here Saturday chaired a meeting to review performance of Pakistan Bureau of Statistics (PBS) in the last six months.

ISLAMABAD, Feb 19 (APP): Chairperson Competition Commission of Pakistan (CCP), Vadiyya Khalil Friday said that CCP had imposed over Rs 26 billion penalties on various undertakings for different violations of the Competition Act, 2010.

ISLAMABAD, Feb 18 (APP): Finance Minister, Senator Muhammad Ishaq Dar Thursday chaired a meeting to review the government measures to enhance economic growth.

ISLAMABAD, Feb 16 (APP): The Board of Directors of Pakistan Software Export Board (PSEB) on Tuesday directed MD PSEB to prepare a summary for tax exemption on IT exports beyond June 2016, to motivate IT companies to remit more of their earnings to Pakistan instead of relocating to another country. The meeting of the PSEB… Continue reading MD PSEB asked to prepare summary for tax exemption on IT exports

ISLAMABAD, Feb 16 (APP): Pakistan Post has collected Rs. 187,083.62 million through Saving Accounts and Saving Certificates during fiscal year 2014-15. The department has collected Rs 157,699.11 million from saving accounts while Rs 29,384.51 million are collected through saving certificates.

ISLAMABAD, Feb 16 (APP): The Ministry of Finance has contradicted a news report carried by Bloomberg News Agency on debt situation of Pakistan and termed it a misleading and not based on facts.

ISLAMABAD, Feb 16 (APP): The Securities and Exchange Commission of Pakistan (SECP) has approved the Companies (Compliance with Licensing Conditions) General Order, 2016 in exercise of the powers conferred on it by section 246 (1) of the Companies Ordinance, 1984. This will facilitate investors and stakeholders interested in doing business with a particular company which… Continue reading SECP tells companies to report compliance with licensing conditions

ISLAMABAD, Feb 15 (APP): Securities and Exchange Commission of Pakistan (SECP) in its recent meeting has withdrawn the 1990 Vegetable Ghee and Cooking Oil Companies (Cost Accounting Records) Order, and issued a circular requiring appointment of QCR rated auditors for performance of cost audit. The SECP has been entrusted with a multifaceted role of ensuring… Continue reading SECP implements quality control mechanism for cost auditors

ISLAMABAD, Feb 15 (APP): The Federal Board of Revenue (FBR) has realized Rs.1664 billion revenues upto February 15 against the collections of Rs.1404 billion taxes in the same period of last fiscal year, showing an increase of 18 percent, a senior official of the board said.

ISLAMABAD, Feb 15 (APP): Commerce Minister Khurrum Dastgir has said the lifting of sanctions on Iran by major powers has provided historic opportunities to raise bilateral trade and investment.

ISLAMABAD, Feb 14 (APP): Finance Minister, Mohammad Ishaq Dar on Sunday stressed the need for early completion of shares divestment process in Pakistan Stock Exchange (PSX). Chairing a meeting of senior officials of the Securities and Exchange Commission of Pakistan (SECP), the minister underscored the need for improved governance structure for PSX. The minister was… Continue reading Dar for early completion of shares divestment process in PSX

ISLAMABAD, Feb 13 (APP): The export of beef to United Arab Emirates (UAE) has reached US $ 43.61 million during 2014 15, registering 24 per cent increase as compared to previous year. The beef export to UAE during 2012 13 was US$ 35.1 million and thanks to Market Access Initiatives taken by present government under… Continue reading Beef export to UAE fetches US $ 43.61 mln amid 24 % growth

ISLAMABAD, Feb 12 (APP): Federal Commerce Minister Engineer Khurram Dastgir Khan has said that the government has controlled crippling economy and now its focusing on creating employment and bringing investment in the country.

ISLAMABAD, Feb 7 (APP): The business community of Rawalpindi and Islamabad on Sunday hailed successful 10th review of the three-year Extended Fund Facility (EFF) programme by the International Monetary Funds (IMF). The review would lead to the release of 10th tranche of $ 500 million under the $ 6.4 billion EFF, which was a great… Continue reading Business community welcomes successful IMF review

ISLAMABAD, Feb 5 (APP): Finance Minister, Mohammad Ishaq Dar here on Friday chaired a meeting to review progress of revenue collection in the ongoing January- March quarter. The meeting also discussed the revenue targets set to be achieved during the period from January to June 2016, said a statement issued by Ministry of Finance here.