Ishaq Dar
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TTP picks a books writer as new chief

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Panama Papers: What does new leak say about Pakistanis

CPEC 2018 Summit: Is CPEC the next East India Company?

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Malala's unseen controversial pictures at Oxford University

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The Destabilizing and Reckless Mohammed bin Salman

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Hand in the hand of snake: Pak-Saudi ties moving from personal to strategic domain

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Saudi World Cup team´s plane suffers mystery engine fire

Nadra's data breach: A well conceived plan for Pre-poll rigging

No end of honor killing : Another Teen girl shot dead for ‘honour’

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A surprise visit: Netanyahu meets Jordan's King Abdullah II

UK PM, Bin Salman Discuss Confronting Iran

Punjab CM Askari takes notice, demands report on bus hostess murder case

ECP should cancel registration of Rah-i-Haq Party – by Aamir Hussaini

UN Rejects Plan for Immediate Ceasefire in Yemen Port

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Reham claims PTI scared of her book's contents

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India should seriously consider 'limited war' with Pakistan: BJP leader

The end of Fazlullah

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Messi misses penalty as Iceland hold out for draw

At least 26 dead in Afghanistan suicide attack during Eid ceasefire

Mullah Fazlullah: Ruthless TTP chief who green-lighted 2014 Peshawar carnage

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Pakistan celebrates Eid with religious zeal and fervour

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State terrorism: India'Rising Kashmir editor-in-chief Shujaat Bukhari gunned down

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Soccer diplomacy: Is Putin looking for a thaw between Iran and Saudi Arabia?

US drone strike reportedly kills senior TTP chief Mullah Fazlullah in Afghanistan

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Five Pakistani students graduate from South Asian University in New Delhi

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A Test of nerves for Afghanistan in debut against India

Ishaq Dar

Declared absconder : Is Ishaq Dar in a real fix?

1396/9/1 | 13:47
  The accountability court reserved verdict on Ishaq Dar’s application requesting the court to allow him to be represented by a pleader in his absence, as the finance minister yet again failed to appear before the court. His counsel Qausain Faisal Mufti while submitting a fresh medical report said the doctor would examine him on Nov 27 and has specifically barred him travelling. In his arguments, Mufti said that there are no conflicting statements in the report and NAB has yet to verify the previous two medical reports as earlier directed ...

Why Nawaz Sharif is hesitant to remove Ishaq Dar?

1396/8/30 | 13:47
   Amid reports of Finance Minister Ishaq Dar’s resignation circulating in the federal capital, credible PML-N sources have denied that party’s financial guru is quitting.   Sources confided to Geo News that Dar still is the finance minister and there are several options available to him. There’s no resignation at this stage, they added.   Earlier, media has reported Ishaq Dar has resigned from the ministry and a committee has been constituted to look after economic affairs of the country.   The PML-N government ...

Replacing Finance minister: Is PML-N going to make Ishaq Dar a perfect scapegoat?

1396/8/28 | 13:47
    Mounting legal woes have made Finance Minister Ishaq Dar’ position tenuous as Prime Minister Shahid Khaqan Abbasi is pondering to replace him with Ahsan Iqbal, who already is at the helm of Interior Ministry and Ministry of Planning.   Iqbal is, of course, already heading two very serious ministries. Planning and Development must take up a lot of his time, as must his involvement in CPEC. Then there is the burden of the interior ministry, especially in times of internal conflict, which Pakistan has its fair share of at ...

Mounting debt: Would Nawaz Govt leave a huge economic crisis behind?

1396/8/22 | 13:47
  In a shocking development, the federal government has added another Rs1 trillion to its growing debt pile in just two months, which swelled at an alarming rate of Rs16.4 billion a day, indicating that the finance ministry cannot ensure fiscal discipline any more.   The federal government’s debt has increased to Rs21.8 trillion till the end of August 2017, which was Rs1.003 trillion higher than the level witnessed in June 2017, according to the State Bank of Pakistan (SBP). The federal government’s debt of Rs21.8 trillion is ...

In hot waters: Is Nawaz Sharif going to make Ishaq Dar a scapegoat?

1396/7/6 | 13:47
  Finance Minister Ishaq Dar pleaded not guilty on Wednesday to owning assets beyond his means, an official from the ruling Pakistan Muslim League-Nawaz said, amid a corruption investigation into former Prime Minister Nawaz Sharif.     The Supreme Court in July disqualified Nawaz for not declaring a small source of income and ordered an investigation of the ruling family and Dar. Dar did not speak to the media after his appearance in court in Islamabad but has dismissed all the allegations against him.     Issuing ...

Dodging accountability courts: Did establishment give a safe passage to Nawaz Sharif?

1396/6/30 | 13:47
  In the wake of the rejection of his review plea, Sharif summoned to London the Prime Minister, Foreign Minister, NA Speaker, Ishaq Dar, and a number of other confidants for consultations on several problems.       The former PM cannot continue to dodge the proceedings of the accountability court while the possibility of his being arrested on return to Pakistan cannot be ruled out. A decision has to be taken urgently to appoint a permanent PML-N chief.   The party has to work out a strategy to come out of the blind ...

Why NAB chief did not order to freeze properties of Nawaz, children

1396/6/16 | 13:47
The order of National Accountability Bureau (NAB) Chairman Qamar Zaman freezing the assets of deposed Prime Minister Nawaz Sharif, his three children and Finance Minister Senator Ishaq Dar was to remain in force only for a maximum of 15 days if he had passed it.     If such order was to further remain operative, it had to be endorsed by the concerned accountability court. But this decision was appealable before the high court. Apparently, it was because of the short life that a freezing order of the NAB chairman was going to have, ...

References against PM and Family: Would Nawaz Sharif be sent behind bars?

1396/5/12 | 13:47
  The National Accountability Bureau (NAB) on Monday decided to file references against former Prime Minister Nawaz Sharif, his three children, son-in-law and former Finance Minister Ishaq Dar.     The references would be filed under orders from the Supreme Court as part of the verdict which disqualified Nawaz from the office of prime minister.   NAB chief was earlier upbraided by the SC for showing laxity by not filing an appeal against the Lahore High Court ruling dismissing it, and which poses a grave threat to the ...

Key points of Panama case verdict: Nawaz Sharif has been disqualified for life

1396/5/6 | 13:47
  Here are key points of Panama case verdict:   Prime Minister is not Sadiq and Amin, therefore he should quit his post as soon as possible. President Mamnoon Hussain should take steps for the continuation of democratic process. Election commission must issue notification of PM’s disqualification. NAB must file a reference against Nawaz Sharif, Maryam Nawaz and Captain ® Safdar within Six months. A reference regarding London flats should also be filed. Three references will be filed against Hassan and Hussain Nawaz. Ishaq ...

End of Panamagate: All stage set to disqualify PM

1396/4/27 | 13:47
  As the Supreme Court (SC) resumed hearing the Panama Papers case on Monday, Finance Minister Ishaq Dar and the Sharif family's lawyers submitted separate objections to the "damning" final report of the joint investigation team (JIT) that probed allegations of money laundering against the Sharif family.     In the objections filed before the SC, the Sharif family and the finance minister rejected the JIT report and argued that the team had exceeded its mandate.       The bench heard arguments from lawyers ...

Budget 2017: Important highlights

1396/3/5 | 13:47
Lawmakers gathered in the National Assembly in Islamabad in anticipation of the government's announcement of the Federal Budget 2017-18. Finance Minister Ishaq Dar is unveiling the budget. There was some disturbance in Parliament as opposition lawmakers protested the treatment of farmers in a protest in the federal capital earlier in the day. Opposition lawmakers walked out in protest in the middle of the finance minister's speech. "This is the fifth budget being presented by the PML-N government, and this is an achievement for democracy," ...

The NFC award:  No change in the state of affairs

1395/9/3 | 13:47
Winding up debate on the report on implementation of National Finance Commission (NFC) Award in the Senate, Finance Minister Ishaq Dar has expressed the desire to finalize new NFC Award as early as possible.He clarified that the extension of the 7th NFC Award is not unconstitutional. He said the 7th National Finance Commission Award will continue till the country arrives at a new award.The Finance Minister said that the royalty on gas and oil is being timely paid to the provinces. Ishaq Dar regretted that the tax to GDP ratio fixed at 15 percent ...

The demonetization episode: Is Pakistan not serious to stop financial malpractices?

1395/8/29 | 13:47
    Finance Minister Ishaq Dar on Monday dismissed rumours about demonetisation of Rs5000 currency note and withdrawal of Rs40,000 prize bond. He said that such rumours were being spread by the vested interest for ulterior motives. He further said that even no such proposal is under consideration of the government. APP adds: World Bank Country Director Patchamuthu Illangovan and Finance Minister Senator Mohammad Ishaq Dar have agreed to speed up reforms process that will bring efficiency and transparency in the system. In a meeting ...

No increase in Petroleum prices: A special thanks to PTI

1395/8/14 | 13:47
  The government has decided to keep the petroleum products prices unchanged for next month of November. Addressing a news conference in Islamabad on Monday, Finance Minister Ishaq Dar said that the Prime Minister Nawaz Sharif has rejected the summary submitted by of OGRA for 3 to 15 percent increase in the petroleum products. Dar said that the Prime Minister has directed to maintain the prices to benefit the common people of the country. He said no increase has been made in the petroleum prices since April this year. The finance minister ...

Upgraded rating: Another tempered report

1395/8/13 | 13:47
Minister for Finance Senator Muhammad Ishaq Dar on Monday said that Standard and Poor’s has improved Pakistan’s long-term credit ratings from B to B with stable outlook. “This comes as a result of the Government’s improved policymaking, strong performance of the economy and good prospects for the country’s fiscal and external positions”, Dar said while addressing a press conference here at Punjab House this evening. Dar said that Standards and Poor’s has also highlighted that Pakistan continued to benefit from improving governance ...

IMF applause: Why Pakistan has no reason to rejoice?

1395/8/9 | 13:47
    International Monetary Fund’s president, Christine Lagarde, who is recently on a visit to Pakistan, said that the country’s perception on corruption was hurting growth. She was speaking as a keynote speaker at a seminar on “Pakistan and Emerging Markets in the World’s Economy.” She was the first head of IMF to visit Pakistan after the passage of 10 years. She stated that Pakistan’s public debt was high and with corruption being endemic, the country needed a three-pronged strategy to arrest this slide. Previously she ...

Dar’s frustration: An unusual outburst of finance minister

1395/8/5 | 13:47
  Finance Minister Senator Muhammad Ishaq Dar Saturday said another 'political drama' being staged by the Pakistan Tehreek-i-Insaf (PTI) would cause a huge economic loss to the country like its last year's sit-in. Any scuh activity always impacted the national economy negatively as nowhere in the world people's businessed and state affairs were paralysed in the name of protest, he said while speaking in a private news channel programme. Ishaq Dar said PTI's plan to shut down Islamabad was unlawful and unconstitutional. There was no logic ...

Futile money: Huge foreign reserves and poverty Index

1395/7/27 | 13:47
    The foreign exchange reserves of the country have reached the new historic high of $24.5 billion, Finance Minister Ishaq Dar announced on Friday. The finance minister congratulated the Prime Minister and the nation on this achievement and said that we have worked really hard to reach this new level of reserves. “There was a time when the country had reserves equal to a few weeks payment of the import bill but now, we have reached a level where we have foreign exchange reserves equal to 6 months of import bill,” he said. Dar ...

Shafaqna Exclusive: A shame to be felt deep

1395/7/26 | 13:47
  The Emerging Markets newspaper does not belong to International Monetary Fund, said Harald Finger, the IMF’s Mission Chief to Pakistan on Thursday amid new revelations that five state-owned firms partially funded the publication’s latest edition. Last week, the newspaper conferred Best Finance Minister of South Asia Award to Ishaq Dar and Best country in South Asia in infrastructure development to Planning and Development Minister Ahsan Iqbal. Government functionaries jumped to congratulate them for winning such a ‘prestigious’ ...

A Prolonged user: Can Pakistan bid goodbye to IMF?

1395/7/25 | 13:47
  The IMF’s Mission Chief Herald Finger said on Thursday that Pakistan could manage its external obligations in the wake of rebound of oil prices in international market and CPEC related repayments if Islamabad continues its motion on reform path even after completion of Fund sponsored 6.15 billion dollar program. The IMF’s released staff report on Thursday also assessed that the real effective exchange rate (Reer) in case Pakistani rupee stands at Rs 118 against US dollar. Currently, the existing exchange rate in Pakistan is hovering ...

An award for poor performance: World bank makes fun of Pakistani people

1395/7/22 | 13:47
  Authorities of International Monetary Fund and the World Bank have declared Ishaq Dar, the best Finance Minister in South Asia of 2016 in an annual meeting. Dar is to be presented an award in this regard by the foreign authorities this year. Sources privy to Finance Ministry reported that in light of tensed situation at the border, Dar would not attend the ceremony and Pakistan’s Ambassador to the United States, Jalil Abbas Jilani would be receiving the award on his behalf. Ishaq Dar, during his ongoing tenure held multiple successful ...

In the list of OECD: Could Pakistan stop its tax evasion?

1395/6/28 | 13:47
Pakistan became a signatory to the OECD Multilateral Convention on Mutual Administrative Assistance in Tax Matters. Minister for Finance, Revenue and Economic Affairs Senator Mohammad Ishaq Dar signed the Convention along with Angel Gurria, Secretary General of the Organization for Economic Cooperation and Development (OECD), at a dignified ceremony in Paris, a message received here from Paris said. In Pakistan, domestic banks have resisted the move to provide information to the Federal Board of Revenue given its reputation as well as a general ...

Marred by corruption: Why no accountability of Energy projects?

1395/6/24 | 13:47
Pakistan has requested the Asian Development Bank (ADB) to double loan size of the energy sector reforms programme to $800 million amid the country’s growing dependence on foreign lenders to meet its budgetary needs. Finance Minister Ishaq Dar made the request to ADB Country Director Werner Liepach during a meeting held on Monday, officials said. Pakistan has committed to reduce subsidies, fast-track privatisation and run the power sector on a commercial basis. Barring reducing subsidies — aided by the fall in international prices of crude ...

Deceiving the nation:  Ishaq Dar’s false claims on Tax defaulters

1395/6/20 | 13:47
 Finance Minister Ishaq Dar told the Senate on Tuesday that the Federal Board of Revenue (FBR) had detected 36,936 tax defaulters this year and Rs87.93 billion was outstanding against them. The Senate unanimously passed a resolution to pay homage to the military men who had sacrificed their lives for the country’s defence in the 1965 war. The resolution was read out by Leader of the House Raja Zafarul Haq soon after the Question Hour. Earlier, in response to a question asked by Mian Ateeq Shaikh of the Muttahida Qaumi Movement, the finance ...

Mounting debt: Would Pakistan run bankrupt?

1395/6/14 | 13:47
 Overseas Pakistani workers sent remittances amounting to over $1.3 billion in July, down 20.2% from the same month of 2015. On a month-on-month basis, the drop in remittances clocked up at almost 36% in July, as overseas Pakistanis had remitted over $2 billion in June. However, The State Bank governor tried to perform this fragile balancing act on Thursday when he held a news conference to try to reassure the markets that the country’s debt-servicing capacity remains strong and whatever drop in remittances we saw in July owed itself mostly ...

Re-energizing the controversy: Does Imran Khan intend to over-throw Government?

1395/5/19 | 13:47
Pakistan Tehreek-i-Insaf (PTI) chairman Imran Khan on Sunday mounted the party's famous container once again to kick off the accountability movement from Peshawar. The PTI chief addressed the rally participants before commencing the anti-corruption campaign. He said that the institutions of the country were destroyed due to corruption. “National Accountability Bureau (NAB) is providing cover to Ishaq Dar and Nawaz Sharif,” claimed Imran Khan. He said that corruption makes the rich richer and the poor poorer. Imran vowed that he would stay ...

IMF Gone:  A claim no easy to trust

1395/5/18 | 13:47
Pakistan will not renew its bailout package with the International Monetary Fund. After the IMF completed the 12th and final review of the current bailout package, Finance Minister Ishaq Dar announced what had been expected for weeks. Dar’s bold words: ‘Pakistan has said goodbye to the IMF’. This is a hope we share with the finance minister. Pakistan will, however, remain committed to following the IMF’s reform plan to raise revenues and reform key public sector enterprises. With only the last tranche of $102 million of the $6.6 billion ...

Selling the national assets: Govt mulls privatization of PSM and other power companies

1395/4/29 | 13:47
The Cabinet Committee on Privatization (CCoP), which met under the chairmanship of Finance Minister Ishaq Dar, has decided to restart the process of privatisation of Pakistan Steel Mills and power companies. The Privatization Commission has been allowed to initiate process for listing of shares of qualified Discos on the stock exchange through Initial Public Offering (IPO), starting with FESCO, IESCO and Kot Addu Power Company Ltd (KAPCO). The CCoP also discussed the proposal regarding restructuring of Pakistan International Airlines Corporation ...

The cancer of smuggling: Govt fails to achieve tax target on Cell phones

1395/4/22 | 13:47
 The mobile phone industry will witness a further rise in smuggling as a result of new taxes that have been imposed on it in budget 2015-16. Apart from the ‘fixed sales tax’ which is just a tip of the iceberg, there are a number of taxes and duties which Government of Pakistan collects from genuine importers. Finance Minister Ishaq Dar in his post budget press conference explained that budget 2015-16 is for the poor people of Pakistan and increase in the taxes on mobile phones is mainly targeting high end smartphones users whereas the ...

Unfulfilled promises: PML-N focus on energy projects as the next election looms

1395/4/20 | 13:47
Prime Minister Mohammad Nawaz Sharif has said that loadshedding will be overcome during the present government’s tenure. The Prime Minister said the promises of development made to the people Pakistan will be fulfilled during the next two and half years. Meanwhile Finance Minister Ishaq Dar on Wednesday directed the Ministry of Water and Power to expedite work on on-going energy projects in a bid to honour the commitment to end load-shedding before the next general elections, amid concerns that some projects might get delayed. Key stakeholders ...

An anti-poor stance: Budget proves fatal for poor masses

1395/4/2 | 13:47
Finance Minister Ishaq Dar had said that the thrust of the new federal budget is on growth, job creation, poverty alleviation and improving lot of the common man. But infact the budget was another example of government’s anti-poor stance and it was obvious that the PML-N leadership had no interest to address the public grievances. A leader of Jamaat-e-Islami on the occasion stated it wasn’t the budget of Punjab, but a budget of ‘Sharif family.’ He said the people of Punjab were forced to commit suicide due to their poor economic state but ...

Huge secrete funds: Are Pakistan agencies above the scrutiny?

1395/4/1 | 13:47
 Pakistani Finance Minister Ishaq Dar said the Inter-Services Intelligence (ISI) and Intelligence Bureau (IB) are the only two departments still using secret service funds. He made this statement at the National Assembly on Saturday while responding to lawmakers’ concerns over the grants and expenditures that were laid before the house, reports Dawn. Dar said that 34 departments were using secret funds when his party took over in 2013. “On Jun 11, 2013, four days after the cabinet took the oath, we abolished the secret service funds of ...

The baggage of past: Ishaq Dar shifting his failure on previous regimes

1395/3/31 | 13:47
 Winding up debate in the National Assembly on the federal budget for 2016-17 on Friday, Finance Minister Ishaq Dar rejected criticism of the budget by the opposition and said the economy was in a better shape now than it was under previous governments. Senator Dar accused the government of retired General Pervez Musharraf and the coalition led by the Pakistan Peoples Party of bringing the economy to what he called “the brink of disaster”. “It was the military dictatorship of Gen Musharraf followed by the PPP government which ruined ...

Dubious use of ECC powers: Is Ogra losing its relevance?

1395/3/28 | 13:47
Despite strong resistance by the regulator, the government on Tuesday ordered increasing the price of re-gasified liquefied natural gas (RLNG) by about $1.2 per unit by allowing a series of factors in its price previously rejected by the Oil and Gas Regulatory Authority (Ogra). The decision was taken at a meeting of the Economic Coordination Committee (ECC) of the Cabinet presided over by Finance Minister Ishaq Dar. The committee allowed Gwadar Port Authority to select a Chinese company along with Chinese equipment for Engineering, Procurement ...

A joke to the nation: Ishaq Dar’s budget proves a pack of lies

1395/3/22 | 13:47
  Questioning the veracity of the government’s statistics during the second day of debate on the federal budget, the opposition in the National Assembly pointed out shortcomings in the finance bill and predicted that the illusion of stability offered by the finance ministry would soon come apart at the seams.The highlight of Tuesday’s proceedings was the speech by the Pakistan Tehreek-i-Insaaf financial wizard, Asad Umar.The former Engro Corp CEO delivered a well-crafted rebuttal to the finance minister’s budget address that was far ...

Price hike in Ramzan: The holly month and an Islamic country

1395/3/19 | 13:47
 Finance Minister Senator Ishaq Dar has written letters to all the Chief Ministers, calling upon them to take steps against the traditional Ramazan price hike, under which prices of daily-use items rise considerably. The minister went on to say that the Federal Government would also closely monitor the prices of different commodities in areas under its jurisdiction. The finance minister stated that the government had announced a consumer and business friendly budget, and had made sure not include measures in the budget that could negatively ...

An Agri focused budget: Can Govt alleviate farmer’s woes

1395/3/17 | 13:47
 The agriculture sector has suffered severe losses due to floods and a persistent downwards pressure on prices. Earlier last year, the Prime Minister had announced a Rs. 341-billion Kisan package to help farmers, Ishaq Dar said while presenting the FY 2016/17 Federal Budget in Parliament today. To supplement the Kisan package, the government also announced a number of other fiscal measures to support the ailing agriculture sector.In FY 2016/17, Urea fertilizer price will go down to Rs. 1,400 per bag, from the current price of Rs. 1,850. The ...

A disappointing budget : All the promises proved be bombast

1395/3/16 | 13:47
 Finance Minister Ishaq Dar unveiled a Rs4.4 trillion budget on June 3, kicking off his speech by praising the government’s achievements. The platitudes he indulged in are the same that we have been hearing ever since the PML-N took office and this was no different. It was interesting to note that for the first half hour, the Economic Survey 2015-16 press conference and the budget speech had the same tone, recalling all ‘achievements’ — most of which were not directly attributable to the government, but were owed to external factors ...

Ishaq Dar unveils budget for 2016-2017

1395/3/14 | 13:47
ISLAMABAD: Government is targeting a 16 percent rise in tax revenues in the year ending June 2017, Finance Minister Ishaq Dar said on Friday as he unveiled a budget.In his budget speech in the parliament, he said Pakistan would target a fiscal deficit of 3.8 percent of gross domestic product for the coming financial year, down from the 4.3 percent envisaged for this year.He said the aim was to push Pakistan´s persistently low tax-to-GDP ratio to above 10 percent and raise revenues from taxation to 3.95 trillion rupees ($37.8 billion)from 3.42 ...

Delaying the budget:  Is Govt playing hide and seek with public?

1395/3/11 | 13:47
  The government is contemplating upon different options either to delay the budget or get powers from Prime Minister Nawaz Sharif to any designated federal minister for chairing the next National Economic Council (NEC) meeting for approving development outlay and macroeconomic indicators for next budget. One option is that the upcoming budget 2016-17 may be delayed for few days because of Nawaz Sharif’s prolonged stay at UK on health grounds. The second option is that the PM grants power to any federal minister for chairing the next ...

Federal budget to be presented on time: Finance Minister

1395/3/9 | 13:47
Web Desk: The Finance Minister, Ishaq Dar confirmed has confirmed that the federal budget will be presented before the Parliament on June 3, channel 24 reported.Earlier, there were rumors that the federal budget might get delayed if Prime Minister’s condition protracted. A few hours ago, the PML-N senior leadership held an important meeting at the Prime Minister house in Islamabad where issues related to state’s affairs were discussed.Reportedly, Chief Minister of Punjab and Maryam Nawaz Sharif also participating in the meeting. Other members ...

Panama leaks saga: Is budget process is at risk?

1395/3/1 | 13:47
A high-level meeting to review the progress regarding preparation and finalisation of revenue budget was held at the Finance Division on Wednesday with Finance Minister Senator Muhammad Ishaq Dar in chair. Chairman Federal Board of Revenue (FBR) Nisar Mohammad Khan briefed the meeting on different proposals submitted by various trade and industry bodies, chambers and associations for inclusion in the budget 2016-17. He also gave an account of the recommendations made by the Tax Reform Commission. Special Assistant to Prime Minister on Revenue ...

The IMF factor: Can Pakistan sustain economic growth without IMF assistance?

1395/2/28 | 13:47
 Pakistan and International Monetary Fund (IMF) on Thursday successfully completed the 11th review of Extended Fund Facility for release of $510 million to Pakistan by the fund board.Talking to media persons after a successful review, Finance Minister Senator Muhammad Ishaq dar said that the talks had been successful. He said that the economic indicators had been positive and Pakistan also succeeded in scaling down the fiscal deficit. Dar informed that Pakistan would set an ambitious growth target of 6 per cent during the upcoming financial ...

Lack of mechanism: Low income tier face the brunt of price hike

1395/2/9 | 13:47
 Finance Minister Ishaq Dar has taken notice of hike in prices of pulses and directed the officials concerned to take measures to keep the price at appropriate level.  He also sought report from Utility Stores Corporation and Statistics Bureau in this regard. In November last year, Government had announced mini-budget increasing tax on 289 imported items and imposing regulatory duty on 61 products. In meeting demands of International Monetary Fund (IMF), Dar had announced mini-budget, prices of 350 imported items will further be increased. ...

Getting rid of IMF: Ishaq Dar stuns Pakistan and the world

1395/2/7 | 13:47
 Finance minister Muhammad Ishaq Dar Saturday said that the circular debt would be cleared by July this year. Addressing a pre-budget conference here, Dar also said that the government was determined to achieve 7 percent gross domestic product (GDP) growth rate by 2018. He said the government had achieved macro-economic stability which was recognized by 22 reputed international organizations, adding that it was because of this stability that China gave Pakistan the package of $46 billion. The minister further said that many countries, including ...

Looting Pakistan: Who would question senators for assets of billions ?

1395/2/7 | 13:47
The country’s top election supervisory body released on Friday theGazette of Pakistan, which revealed the asset details of all thesenators. Prominent among them are former interior minister SenatorRehman Malik, Federal Finance Minister Ishaq Dar, Senator KhushbakhtShujaat and Maulana Abdul Ghafoor Haidri. The ECP’s asset declarationreport revealed that Malik has no moveable assets or business capitaloutside Pakistan. Malik holds no business or capital amount withinPakistan as well. Malik has given no details of immovable propertyincluding open ...

Watching the show: Would military step-in if Panma-gate issue not resolved?

1395/2/1 | 13:47
 Federal Finance Minister Ishaq Dar will meet select cabinet colleagues today to finalise the party’s strategy to take forward the plan of inquiry commission on Panama leaks as announced by the prime minister and approaching the leadership of mainstream Parliamentary parties in coming days. Sources in the party informed that Finance Minister has asked all the cabinet colleagues to stay back in the country and cancel their foreign tours in coming days, if any, to show the unity in the rank and file of the party to counter the opposition’s ...

Dar’s new mantra: Can Pakistan get rid of IMF?

1395/1/24 | 13:47
 Pakistan no longer needs the International Monetary Fund’s (IMF) financial support, Finance Minister Ishaq Dar announced on Thursday as he cautioned that the country still needs to consolidate its economic gains made over the last two years. “Pakistan does not need the IMF anymore,” Dar said at a news conference when asked if the time had come for the country to bid the global lender adieu. He was speaking after a meeting with the director of IMF’s Middle East and Central Asia department Madood Ahmed, who is currently visiting Pakistan. ...

Ending dominance of few:  The Pros and cons of Pakistan’s new auto policy

1395/1/1 | 13:47
 The Economic Co-ordination Committee of the Cabinet (ECC) has approved Auto Policy 2016-21 and an increase in the limit of government guarantees for PIA. A meeting of the ECC chaired by Finance Minister Ishaq Dar on Friday approved the Automotive Development Policy 2016-21. A statement of Finance Division stated that Auto Policy aims to facilitate higher volumes, better investment, enhanced competition and better quality with latest technology.  The Policy also aims to strike a balance between industrial growth and tariffs to ensure sustainability ...

Failed Tax amnesty scheme: Can Govt send a tough signal to traders?

1394/12/28 | 13:47
 Finance Minister Ishaq Dar on Tuesday extended the last date of the Voluntary Tax Compliance Scheme (VTCS) to March 31 in hope of bringing more traders in the tax net. The decision was taken in a meeting with a traders’ delegation and members of the business community with the finance minister. Special Assistant to Prime Minister on Revenue, Haroon Akhtar, MNA Mian Abdul Manan and Chairman Federal Board of Revenue, Nisar Mohammad Khan were also present at the meeting. “We received 1,000 returns under the amnesty scheme on March 15,” ...