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
  • Current Indian leadership not happy to see Pakistan prosper: Nisar

    ISLAMABAD: Interior Minister Chaudhry Nisar Ali Khan on Tuesday said India’s reaction to the China-Pakistan Economic Corridor (CPEC) project was clear proof that the Indian leadership was not happy to see Pakistan prosper...

    An official statement issued from the ministry said New Delhi's reaction had exposed India's real face before the world as it finds its neighbour's progress and development “unacceptable”
  • Pakistan’s current team combination shaping well for World Cup: Sarfraz

    LAHORE: Pakistan captain Sarfraz Ahmed, expressing satisfaction at the national side’s preparations for the upcoming tour of Zimbabwe, said on Wednesday that the main priority is to take the same one-day squad to next year’s World Cup in England...

    “We have a good blend of seniors and youngsters in the squad who are performing well and we are trying to rely on the same group of players for the World Cup,” said Sarfraz while talking to...
  • ADB sees Pakistan’s economy slowing down in current fiscal

    ISLAMABAD: Anticipating a one percentage point fall in the rate of growth and two percentage points rise in inflation during the current fiscal year, the Asian Development Bank has advised the newly elected government to address rising debt obligations, falling reserves and large twin deficits...

    In its flagship Asian Development Outlook 2018 update, the Manila-based lending agency said the economy appeared slowing down and forecast GDP...
  • 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
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