Pakistan News

    Current Finance Minister Of Punjab Pakistan Time

  • Forex reserves at all-time high, finance minister tells PM

    ISLAMABAD: Finance Minister Ishaq Dar on Wednesday informed Prime Minister (PM) Nawaz Sharif that Pakistan's foreign exchange reserves have reached a record high of $21 billion, a PM Office statement said...

    During his meeting with Nawaz, Dar said of the $21bn in foreign exchange reserves, $16bn are with the State Bank of Pakistan (SBP), while $5bn remain with commercial banks
  • 'Time to take difficult decisions': Asad Umar steps down as finance minister, will not hold any portfolio

    Finance Minister Asad Umar — an hour after announcing that he is stepping down as finance minister — told a press conference that it was time to make some "difficult decisions" to stabilise the economy and that he hopes his replacement would be supported in their efforts...

    Umar announced earlier on Thursday that he has obtained the prime minister's consent "to not take any cabinet position" days after reports of a reshuffle in the...
  • Rs23bn already released for uplift projects in current fiscal year, says minister

    KARACHI: Sindh Minis­ter for Finance Syed Murad Ali Shah said on Thursday the government had already released Rs23 billion for ongoing projects by the second week of July during current financial year...

    It would release 25 per cent funds this month for the new projects for which Rs35 billion had been allocated, said the minister while talking to journalists after the chief minister shared deliberations at the provincial cabinet meeting...
  • Railways to earn Rs50bn by end of current fiscal year: minister

    RAWALPINDI: Federal Minister for Railways Khawaja Saad Raffique on Saturday painted a rosy picture of Pakistan Railways and said it would earn over Rs50 billion by end of the current fiscal year...

    The railways had set a target of Rs32bn revenue generation for the current fiscal year but it would earn over Rs50bn by June 2018
  • Finance minister rules out placement of Pakistan on FATF blacklist

    ISLAMABAD: Ruling out placement of Pakistan on the Financial Action Task Force’s (FATF) blacklist, Finance Minister Asad Umar said on Friday that the negotiated action plan with the FATF would be implemented...

    Answering a calling attention notice in the Senate, he said September 2019 was the deadline for compliance, observing that Pakistan would finally be out of the grey-list
  • PTI leader asks PM to remove finance minister

    ISLAMABAD: A leader of the Pakistan Tehreek-i-Insaf, Andleeb Abbas, has written a letter to Prime Minister Shahid Khaqan Abbasi urging him to obtain resignation from Finance Minister Ishaq Dar...

    The letter says that an accountability court on Sept 27 indicted Ishaq Dar in a reference pertaining to his owning assets beyond his known sources of income
  • Finance Minister Dar declared absconder

    ISLAMABAD: An accountability court on Tuesday declared Finance Minister Ishaq Dar an absconder and warned his guarantors of the confiscation of surety bonds worth Rs5 million if the finance minister did not join trial proceedings...

    Accountability Court Judge Mohammad Bashir called Mr Dar an “absconder” and ordered the National Accountability Bureau (NAB) to initiate proceedings under section 87 of the Criminal Procedure Code (CrPC) and...
  • Qatar can defend economy and currency, finance minister tells CNBC

    Qatar can easily defend its economy and currency against sanctions by other Arab states, Qatari finance minister Ali Sherif al-Emadi told CNBC television in an interview broadcast on Monday...

    He added that the countries which had imposed sanctions would also lose money because of the damage to business in the region
  • Finance minister terms rupee's sudden plunge 'artificial'

    Taking serious notice of the spike in interbank rates for the US dollar against the Pakistani rupee, Finance Minister Senator Ishaq Dar said that the rise of the US dollar against the rupee was "artificial"...

    The rupee's sudden devaluation on Wednesday was the currency's 'biggest drop' in nine years
  • Finance minister intervenes to arrest slide in rupee's value

    A day after financial markets were rocked by a sudden depreciation in the value of the rupee against the dollar, Finance Minister Ishaq Dar announced that a new governor of the State Bank of Pakistan (SBP) may be appointed as soon as Prime Minister Nawaz Sharif returns from his two-day visit to Tajikistan...

    The minister made the announcement after meeting the presidents of domestic banks and financial institutions, who had been summoned...
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