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Tag Archives: Hammad Azhar

Hammad directs FBR to hold consultative sessions with stone crushing association

ISLAMABAD: A delegation of senior members of Stone Crushing Associations, led by the Minister for Labour and Human Resource, Punjab Ansar Majeed Khan, called on the Federal Minister for Finance, Revenue, Industries and Production, Muhammad Hammad Azhar, at the Finance Division. Additional Secretary, M/o Industries and Production, Member (Operations) FBR and other senior officers participated in the meeting. The Finance ... Read More »

Revised TORs for SOEs forensic audit approved

ISLAMABAD: The Cabinet Committee on State Owned Enterprises (CCOSOEs) approved the revised Terms of Reference (TORs) for forensic audit of the State Owned Enterprises (SOEs). The TORs would be followed by the Auditor General of Pakistan (AGP) Office as well as private audit firm(s) to be hired as per Public Procurement Regulatory Authority (PPRA) rules, said a press statement issued ... Read More »

ECC allows PIA to lay off 25pc of workforce via Voluntary Separation Scheme

ISLAMABAD: The Economic Coordination Committee (ECC) gave approval for PIA to launch a Voluntary Separation Scheme (VSS) to lay off 25% of its workforce making it around 3,500 employees. It also approved a restructuring plan of Rs457 billion for the national carrier. The meeting approved Rs330 million for the Ministry of Defence for the maintenance of aircraft. The restructuring plan ... Read More »

Govt to continue crack down against tax evaders: Hammad Azhar

  ISLAMABAD: Federal Minister for Finance, Industries, Revenue and Production, Hammad Azhar said that crackdown against the tax evaders would continue in all parts of the country. The target has been set to expand tax network and for this, all necessary measures are being taken to achieve the objectives, he expressed these views in a tweet. All out efforts are ... Read More »

Govt committed to implement structural reforms, protect vulnerable segments: Hammad

ISLAMABAD: Federal Minister for Finance, Revenue, Industries and Production, Mohammad Hammad Azhar said that the government was fully committed to implementing structural reforms, protecting social spending and boosting social safety nets in order to protect the vulnerable segments of the society. He made these remarks in a virtual meeting with Vice President South Asia Region, World Bank Group, Hartwig Schafer, ... Read More »

Hammad Azhar calls for rationalizing salaries, pensions of employees

ISLAMABAD: Finance Minister Hammad Azhar has emphasized for rationalizing the salaries, pensions, allowances and perks of employees by removing anomalies to ensure equity. He was talking to Chairperson of Pay and Pension Commission Nargis Sethi who called on him in Islamabad on Tuesday. The Finance Minister stressed to find a way forward which is transparent, feasible and sustainable in the ... Read More »

Hammad directs provinces to keep flour prices in check

ISLAMABAD: Finance Minister Hammad Azhar has directed the representatives of the provincial government to take appropriate measures for keeping prices of wheat flour in check. The finance minister issued this direction while chairing a meeting of the National Price Monitoring Committee (NPMC) on Monday. Hammad Azhar directed the provinces that wheat must be procured in a smooth and timely manner ... Read More »

Economy in much better condition than in 2018: Hammad Azhar

ISLAMABAD:  Federal Minister for Finance and Revenue, Hammad Azhar said despite challenges, the economy of the country was in much better condition than it was back in 2018 when the incumbent government assumed the power. Speaking in live call session along with Prime Minister, Imran Khan, the federal minister said no doubt challenges were there but there was sea of ... Read More »

Hammad eyes Pakistan’s sustainable growth with World Bank

ISLAMABAD: Najy Benhassine, Country Director of the World Bank Group made a courtesy call on the Federal Minister for Finance and Revenue Muhammad Hammad Azhar at the Finance Division. While welcoming the Country Director, the Finance Minister acknowledged the pivotal role being played by the World Bank in implementing a series of reforms aimed at strengthening the social sector, broadening ... Read More »

IMF mulls additional financial support to partner countries

ISLAMABAD: The International Monetary Fund (IMF) is deliberating the possibility of extending additional financial support to partner countries during the current testing times amid COVID-19 pandemic. “The IMF Board is also deliberating the possibility of extending additional financial support to partner countries during these testing times,” said IMF Managing Director, Kristalina Georgieva. She was speaking at a virtual meeting of ... Read More »

Hammad declares CPEC as most important project for Pakistan

ISLAMABAD: Federal Minister for Finance and Revenue, Industries and Production, Muhammad Hammad Azhar on Thursday said that China-Pakistan Economic Corridor (CPEC) is project of highest importance for Pakistan to achieve the agenda of economic development and prosperity. Federal Minister for Finance expressed these views while chairing a meeting regarding economic and industrial cooperation under China Pakistan Economic Cooperation (CPEC) at ... Read More »

Global investors show keen interest in Pakistan’s economy: Hammad

ISLAMABAD: Finance Minister Hammad Azhar has expressed satisfaction over the interest shown by the leading world investors in the Eurobonds pitched by Pakistan. In a tweet on Wednesday, he said Pakistan very successfully concluded its first ever three tranche capital market transaction yesterday with five, ten and thirty year Eurobonds at six percent, 7.375 and 8.875 percent. The Finance Minister ... Read More »

Govt manages economy with timely & correct decisions: Hammad Azhar

LAHORE: Federal Minister for Industry and Commerce Hamad Azhar has said that despite inherited issues like mountain and corona epidemic, the government managed the economy with timely and correct decisions. The PML-N government has applied cosmetics on the economy. It happened and the people had to suffer the consequences. We had the option not to report on the Corona epidemic ... Read More »

Customs Today reports set off alarm bells at PM Office, Hammad Azhar takes notice of green channel mega scam

ISLAMABAD: State Minister for Revenue Hammad Azhar, taking notice of the sheer misuse of Customs green channel facility extensively reported by Customs Today, has directed FBR Chairman Jahanzeb Khan to probe the issue and report back to him. According to details, Hammad Azhar asked the FBR to give him comprehensive presentation on working of Green Channel at Karachi ports and ... Read More »