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Zaheer Abbasi

Technical supplementary grant for FBR approved by ECC
Print

Technical supplementary grant for FBR approved by ECC

A meeting of the Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved Rs 4,152 million technical supplementary grant for the Federal Board of Revenue (FBR) from Pakistan Raises Revenue Programme to meet inevitable expenditures for th
Published 19 Mar, 2020 12:00am
Public debt stands at 83 percent of GDP
Print

Public debt stands at 83 percent of GDP

Finance Ministry has informed the federal cabinet that budget deficit stood at 3.8 percent of the GDP for the first eight months of the current fiscal year (July-February 2019-2020).
Published 19 Mar, 2020 12:00am
Address to nation: PM issues stern warning to hoarders
Print

Address to nation: PM issues stern warning to hoarders

Prime Minister Imran Khan on Tuesday urged the nation not to panic from the spread of coronavirus and cooperate with the government to fight the pandemic by taking preventive measures. In a televised address after reported cases of coronavirus grew rapidl
Published 18 Mar, 2020 12:00am
Body to monitor economic situation
Print

Body to monitor economic situation

Prime Minister Imran Khan on Monday constituted an inter-ministerial committee to monitor the economic situation on a daily basis in the context of coronavirus outbreak, and suggest preemptive measures to protect the economy from its negative impacts. The
Published 17 Mar, 2020 12:00am
Social sector, water: Ecnec approves over Rs 101 billion projects
Print

Social sector, water: Ecnec approves over Rs 101 billion projects

A meeting of the Executive Committee of the National Economic Council (Ecnec) Monday approved over Rs 101 billion projects for social sector, water as well as to mobilize revenue through broadening tax base with modernization of the Federal Board of Reven
Published 17 Mar, 2020 12:00am
NA panel terms FBR reforms 'cosmetic'
Print

NA panel terms FBR reforms 'cosmetic'

The Standing Committee on Finance of the National Assembly has expressed dissatisfaction over the government claims of making reforms in the Federal Board of Revenue (FBR), saying reforms are only in statements.
Published 29 Feb, 2020 12:00am
MoF identifies reasons behind revenue shortfall
Print

MoF identifies reasons behind revenue shortfall

The Finance Ministry has identified unprecedented compression in imports, less consumption of petroleum products, decline in auto and auto parts sector, less growth in airline sector, overall economic slowdown, and very challenging and unprecedented reven
Published 26 Feb, 2020 12:00am
Government mulling reducing power tariffs
Print

Government mulling reducing power tariffs

Prime Minister Imran Khan on Monday held a meeting on possible reduction in electricity prices for domestic and commercial consumers, and highlighted criticality of the energy sector for economic development in the country.
Published 25 Feb, 2020 12:00am
PM to launch Rs15bn Ehsaas Amdan Programme today
Pakistan

PM to launch Rs15bn Ehsaas Amdan Programme today

Prime Minister Imran Khan will launch Rs 15 billion Ehsaas Amdan Programme on Friday (today) designed to provide financial support to the most vulnerable women as well as youth, to earn sustainable livelihood.
Published 21 Feb, 2020 12:00am
Provinces asked to take action against profiteers, hoarders
Print

Provinces asked to take action against profiteers, hoarders

A meeting of the National Price Monitoring Committee has asked the provinces to take necessary action under the law for taking profiteers and hoarders to the task to prevent the practice at every level. The meeting presided over by the secretary finance o
Published 20 Feb, 2020 12:00am
ECC fixes wheat procurement target at 8.25 million tons
Print

ECC fixes wheat procurement target at 8.25 million tons

The Econ-omic Coordination Committee of the Cabinet (ECC) has decided to fix the wheat procurement target at 8.25 million tons for the next fiscal year. The ECC has also imposed a ban on the export of onions. A meeting of the ECC held on Wednesday, chaire
Published 20 Feb, 2020 12:00am
PM to launch Rs15bn Ehsaas Amdan plan on Friday
Print

PM to launch Rs15bn Ehsaas Amdan plan on Friday

Prime Minister Imran Khan will launch Ehsaas asset (Amdan) programme of Rs15 billion on Friday (February 21), which will benefit 1.4 million people in 375 rural councils of the 23 poorest districts of the four provinces of the country.
Published 19 Feb, 2020 12:00am
PM for operation to stop smuggling of essential items
Print

PM for operation to stop smuggling of essential items

Prime Minister Imran Khan has directed the Ministry of Interior, the federal and the provincial law enforcement agencies, the Federal Board of Revenue (FBR), and the provincial governments, to launch a joint operation to stop smuggling of essential commod
Published 19 Feb, 2020 12:00am
FATF: Primary challenges for govt at crucial Paris plenary
Print

FATF: Primary challenges for govt at crucial Paris plenary

The primary challenges for the government in the ongoing crucial plenary meeting of the Financial Action Task Force (FATF) in Paris would be to convince the meeting on the sustainability of actionable measures against proscribed individuals and organisati
Published 18 Feb, 2020 12:00am