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Tag Archives: Dar

Protect rights of smaller consumers, Dar asks CCP on Competition Day

ISLAMABAD: The Competition Commission of Pakistan (CCP) should also look into the matters regarding protection of rights of smaller consumers, said Finance Minister Ishaq Dar. He stated this while speaking at a seminar to celebrate the World Competition Day, organised by the CCP here, which was attended in large numbers by government officials, representatives of regulatory organisations and the business ... Read More »

Sales tax, duty to stay on import of solar power panels  

ISLAMABAD: A high-level meeting chaired by Finance Minister Ishaq Dar regarding solar panels decided the duty and sales tax regime applicable to an industry that does not have local production will be applicable to solar panels as well. Senior representatives of the Ministry of Industries & Production, Engineering Development Board, FBR and Ministry of Finance had detailed deliberations on the ... Read More »

Worst traffic jam as Nawaz inaugurates 4-days IDEAS 2014

KARACHI: Prime Minister Nawaz Sharif on Monday inaugurated four-day International Defence Exhibition and Seminar (IDEAS) 2014. Though authorities have already announced a traffic plan for the general public in lieu of the expo to avoid any mishaps, it seems like things are not going according to plan and people are facing serious traffic jams on roads. As per the reports, ... Read More »

50% short sale of OGDCL 313m shares: Govt blames PTI sit-ins, fate of $4b from SOEs, PIA?

ISLAMABAD: The government on Wednesday blamed PTI chief Imran Khan and PAT leader Tahir-ul-Qadri led sit-ins for scrapping of OGDCL transaction after investors subscribed to only half of the total shares offered to international and domestic institutional investors, dealing the first blow to an ambitious privatisation agenda. Pakistan was planning to raise $ 4 billion by selling some key state-owned ... Read More »

Dar eyes 5.1% GDP growth: Inflation lowest in 17 months, FBR tax revenue up 13.1%

ISLAMABAD: Federal Finance Minister Ishaq boasted that inflation for October was the lowest over the past 17 months at 5.8pc, saying that the government was striving to take GDP growth rate to 5.1 percent from current 4.14 percent. The government, due to its better policies, has already raised GDP growth to 4.14 percent which also reflects the commitment to stablise ... Read More »

Director Rashid holds meetings to determine Customs Valuation of ink, auto parts scrap, tractor parts  

 KARACHI: Director Directorate General of Customs Valuation Abdul Rashid Sheikh chaired three separate meetings with the stakeholders on Tuesday to discuss the concerns of stakeholders in an exercise to help determine the Customs Valuation of Ink, Auto Parts Scrap and Tractor Parts. Talking to Customs Today after the meeting, senior vice president of Sindh Auto Parts Scrap Importers & Dealers ... Read More »

Australia to assist Tevta for promotion of technical education

LAHORE: Australia will provide technical assistance to Technical Education and Vocational Training Authority (TEVTA) for the promotion of technical education and vocational training system across Punjab,  according to a press release. TEVTA Chairperson Irfan Qaiser Shaikh while addressing the officers at TEVTA Secretariat here on Monday claimed that Australian High Commissioner Mr Peter Heyward, in a meeting at his Embassy ... Read More »

NBP, Master Motors ink MoU to materialize PM Youth Loan Scheme

KARACHI: The National Bank of Pakistan (NBP) on Monday signed an MoU with Master Motors to provide commercial vehicles to the youth under the Prime Minister Youth Business Loan Scheme (PMYBL). NBP President Syed Ahmed Iqbal Ashraf said over 4,912 applicants have been provided loans by NBP, collectively amounting to over Rs2.885 billion. The ratio of recovery was the highest ... Read More »

$500m Sukuk bonds sale, $1.1b IMF loan to take foreign reserves to $15b: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that foreign currency reserves will be increased up to $15 billion till December 31 this year through selling Sukuk bonds worth $500 million as IMF has also nodded to give $1.1 billion installment. Ishaq Dar, while talking to media, said that the government would first hold roadshows and then float sukuk in the ... Read More »

FBR to shift Internal Audit offices at Customs House Building

KARACHI: The Federal Board of Revenue (FBR) has planned to shift the offices of the Directorate General of Internal Audit-Customs at the 11th Floor of the Custom House Building, Karachi. The sources informed Customs Today that the authorities concerned of MCC-Preventive has made all arrangements in order to shift the offices of the Directorate General of Internal Audit-Customs at the ... Read More »

Inauguration of Nawaz Sharif Kidney Hospital in December: Dar

LAHORE: Federal Minister for Finance, Revenue and Economic Affairs Senator Ishaq Dar has said that Nawaz Sharif Kidney Hospital would be inaugurated by December by first week of December 2014. Dar chaired a meeting of the Punjab Hospital Trust to review the progress of work of Nawaz Sharif Kidney Hospital, Swat. The minister on the occasion was briefed about progress ... Read More »

OGDCL privatisation saga takes a new turn

ISLAMABAD: Taking a new turn after baton charge of police on workers protesting against Oil and Gas Development Company (OGDCL) privatisation and disinvestment of its shares, now Opposition parties have come into action by staging a walk out of National Assembly session against this brutality. The joint opposition members from Pakistan People’s Party (PPP), Awami National Party (ANP) and Jamaat-e-Islami ... Read More »

Great scope of investment in energy, telecom, oil & gas sectors: Dar

ISLAMABAD: Finance Minister Ishaq Dar has emphatically stated that no obstacles will be tolerated in the way of investment in the country. Addressing the international investment conference in Islamabad, he said the economy has again been put on the track after the setbacks caused by the sit-ins. He said the government will meet its medium and long term development plans ... Read More »

Investment-to-GDP ratio to be raised to 20%: Dar

ISLAMABAD: Finance Minister Ishaq Dar has emphatically stated that no obstacles will be tolerated in the way of investment in the country. Addressing the international investment conference in Islamabad, he said the economy has again been put on the track after the setbacks caused by the sit-ins. He said the government will meet its medium and long term development plans ... Read More »

Dar praises FBR for tax collection in Q1

ISLAMABAD: Federal Finance Minister Ishaq Dar has praised the performance of FBR in collection of taxes. The minister said revenue target in the current fiscal year would not be changed. He was addressing the introductory session of the Tax Reforms Commission. He said the tax reforms were meant to increase the tax to GDP ratio. The commission should furnish recommendations ... Read More »