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Revenue collection increases 70 percent in four years: Dar

ISLAMABAD: The revenue collection by Federal Board of Revenue (FBR) increased by around 70 percent during the four years of Pakistan Muslim League-Nawaz (PML-N) government, Finance Minister Ishaq Dar said on Saturday. The revenue collection increased from Rs 1946 billion in 2013 to Rs 3362 billion in 2017, he said while chairing the Customs Chief…

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Fulfillment of defence requirements, top priority of government: Dar

  ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar on Wednesday said that fulfilling defence requirements was the top priority of the PML-N Government. The Finance Minister was talking to Chief of the Air Staff,  Air Chief Marshal Sohail Aman, who called on him here, according to statement issued by the Finance Ministry. Dar said that…

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Ishaq Dar takes notice of sugar price hike

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Tuesday took strong notice of media reports regarding hike in the sugar prices. The finance minister directed relevant federal secretaries to immediately contact provincial governments regarding the matter, a press statement said. The minister directed for bringing stability in the price of sugar. – APP

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Ishaq Dar announces new petroleum prices

ISLAMABAD: Federal Finance Minister Ishaq Dar has announced that the price of petrol has been slashed by Rs1.80 per litre for the period starting from August 5 until midnight on August 31, 2017. The new prices will take effect from Saturday midnight. The finance minister said that diesel price has come down by Rs2.50 per litre.  The prices…

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Post-Brexit UK will not slash taxes: finance minister

LONDON: Britain will not cut tax and regulations after Brexit in an attempt to undercut its European rivals, finance minister Philip Hammond has said, after previously threatening to do just that. Hammond said Britain’s economic, social and cultural model would remain “recognisably European” after it left the European Union. His comments to French newspaper Le…

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Ishaq Dar holds no iqama, residence permit: Spokesman

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar doesn’t have an iqama or residence permit of any foreign country, his spokesman said. The finance minister has categorically said he doesn’t have the nationality of any other country except Pakistan. The spokesman clarified that Senator Dar was professionally engaged as financial adviser in UAE from 2002 to…

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Dar, US NSA hold telephonic conversation

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar and US National Security Advisor Lieutenant General Herbert Raymond McMaster had a telephonic conversation Tuesday evening. The two leaders discussed matters of bilateral interest and recalled their meeting in Washington D.C. on April 25, 2017 in which they had held a detailed discussion on working together to take…

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Inconclusive JIT report full of flaws: Ishaq Dar

ISLAMABAD: Minister for Finance Ishaq Dar on Tuesday said the inconclusive report of Joint Investigation Team (JIT) was full of gaps, weaknesses and flaws. Speaking at a press conference flanked by Railways Minister Saad Rafique, he said, “I cannot understand why the JIT failed to reconcile the financial statements. Either it has no capacity or…

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Govt cuts petrol price by Rs. 1.50 per litre

ISLAMABAD: Federal government has revised the prices of the petroleum products for the next month. Briefing media in Islamabad on Friday, Finance Minister Ishaq Dar said that the price of Petrol and High speed diesel has been reduced by 1.50 rupees per liter each. The new price of petrol will be 71.30 rupees and High…

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Dar urges Saudi investors to avail investment opportunities in Pakistan

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Saturday urged Saudi investors to avail investment opportunities in Pakistan, including in the petrochemical industry, offered under the liberal investment regime of the present government. The minister was talking to the Saudi ambassador-designate to Pakistan, Commodore Nawaf Saeed Ahmed Al-Malkiy who called him here. Dar welcomed Commodore Al-Malkiy…

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Sector wise relief in Federal Budget 2017-18

ISLAMABAD: Following are the salient features of sector wise relief in the budget for fiscal year 2017-18: Relief Measures: – Reduction of duty from 11% to 3% and removal of 5% RD on grandparent and parent stock of chicken – Reduction of duty on import of hatching eggs from 115% to 3% – Reduction of…

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Dar stresses for evolving consensus on Vision 2018-23

ISLAMABAD: Stressing the need for evolving consensus on Vision 2018-23, Finance Minister Senator Mohammad Ishaq Dar Saturday reiterated government’s resolve that macroeconomic gains would not only be saved and consolidated but would be built further to ensure entry of the country into Group 20 (G20) countries by 2020. Addressing the post-budget press conference here, the…

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Ishaq Dar can’t say no to kids on chocolate tax

Finance Minister Ishaq Dar gladly announced the withdrawal of a proposed tax on chocolates after watching a SAMAA TV package in which children were seen appealing to him not to tax their favorite food item. “Actually my wife spotted this clip of SAMAA TV as it was viral on social media, and then sent it…

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Dar to present Rs 4.8 trillion national budget on Friday

ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar will present the fifth Federal Budget of the ruling democratic dispensation with an estimated outlay of Rs 4.8 trillion for the fiscal year 2017-18 tomorrow (Friday). The National Assembly, already in session since May 23, will meet here at the Parliament House on Friday at 1600 hours, after…

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Dar to launch Economic Survey, pre-budget document today

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar, will formally launch the Economic Survey 2016-17 on Thursday. The minister will share the key economic indicators and the performance of different sectors of the economy with the media here at a press conference. The Finance Minister will also provide an overview of the economic progress made in…

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2018 elections to be held under new Electoral Reforms: Dar

ISLAMABAD: Federal Minister for Finance, Revenue, Economic Affairs Ishaq Dar Tuesday said that the General Elections 2018 would be held under new Electoral Reforms, which were in the final stage of preparation. Talking to media persons after the 24th meeting of the Parliamentary Committee on Elections Reforms, he said that the sub-committee would continue further…

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Indian police raid homes of ex-finance minister, son

India’s federal police on Tuesday searched the homes of former finance minister P. Chidambaram and his son as part of an investigation into suspected corruption during his time in government. The Central Bureau of Investigation (CBI) is probing whether a finance company owned by Chidambaram’s son Karti helped a client to circumvent limits on foreign investment….

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Dar urges Japanese firms to reap advantage of Pakistan economic opportunities

YOKOHAMA: Finance Minister Senator Muhammad Ishaq Dar Sunday urged the Japanese corporations to reap the advantage of economic opportunities in Pakistan.      The Japanese firms already working in Pakistan were enjoying tremendous beneficial run, he said during a meeting with the Deputy Prime Minister and Finance Minister of Japan, Taro Aso, here on the…

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Pakistan extends unequivocal support to One Belt One Road : Ishaq Dar

YOKOHAMA: Billing intra-regional trade and connectivity as sine qua non for sustainable economic development of Asia and the Pacific, Finance Minister Senator Muhammad Ishaq Dar exuded unequivocal support to One Belt and One Road – a giant initiative undertaken by China for economic progress and prosperity on sound grounds. Expressing his views over the reservations…

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Economic reforms led to stability and progress: Dar

YOKOHAMA: Finance Minister, Senator Mohammad Ishaq Dar, who is in Yokohama Japan to attend 50th annual meeting of the Asian Development Bank (ADB), Friday apprised OPEC Fund for International Development (OFID) about economic reforms undertaken by his government and their overall effect on the economic stability and progress.

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Dar arrives in Yokohama to attend ADB’s annual meeting

YOKOHAMA: Finance Minister Senator Muhammad Ishaq Dar arrived here on Wednesday to participate in the 50th Annual Meeting of Board of Governors of the Asian Development Bank (ADB) being held from May 4 to 7. The finance minister, during his six-day visit, will attend the meeting in the capacity of Vice Chair of the ADB…

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