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Dar announces compensation for census worker killed in fatal crash

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has announced special compensation of Rs 1 million for the family of Abdul Qadir, an official deputed on census duty, who died in a fatal accident in Neen Ban village, Mansehra district, last week. Abdul Qadir, a primary school teacher, who hailed from Khun Shakoora village, Mansehra district,…

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Reform process to continue: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar said Saturday that the reform process would continue and all the positive suggestions for improvement of the regulatory regime and taxation structure would be considered for implementation. The minister was talking to a Pakistan Stock Exchange (PSE) delegation led by PSE Chairman Muneer Kamal and comprising Arif Habib,…

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Pakistan to ink information exchange agreement with Switzerland: Dar

ISLAMABAD: Minister for Finance, Revenue, Statistics and Economic Affairs Muhammad Ishaq Dar Wednesday said Pakistan will be signing an agreement with Switzerland for exchange of information on tax evaded money during current month. “The Swiss government has offered Pakistan to sign such an agreement in the third quarter of current month that will enable us…

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COAS, Dar discuss budget requirements of army

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar and Chief of Army Staff, General Qamar Javed Bajwa Tuesday discussed financial requirements of Pakistan Army in the context of the budget for next financial year 2017-18. During a meeting, they discussed in detail the ongoing development projects of Pakistan Army as well as the future development plans,…

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Census to be carried out professionally: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Monday said national census would be carried out professionally with complete coordination among departments concerned. Chairing a meeting to review preparations for the upcoming housing and population census, Dar said timelines should be observed for all the census activities. He said the census would help acquire the much…

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International institutes acknowledging achievements of Pakistan: Dar

ISLAMABAD: The Federal Minister for Finance, Senator Mohammad Ishaq Dar said many credible international institutions were now openly acknowledging the achievements of Pakistan which would help correct the misperceptions about the country.

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Dar phones parliamentary leaders to discuss military courts

ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar on Saturday telephoned parliamentary leaders to discuss matters concerning extension in working of military courts for speedy trial of terrorists. The political leaders telephoned included Maulana Fazal ur Rahman, Syed Naveed Qamar, Shah Mehmood Qureshi, Aftab Ahmed Khan Sherpao and Maulana Atta-ur-Rahman. During his telephonic conversation, Ishaq Dar…

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Ex-finance minister’s daughter wedding held in Thailand

Senior PPP leader and former federal finance minister Naveed Qamar married off his daughter at an upscale restaurant in Thailand last week. The photos of the marriage widely circulated on social media went viral, drawing a mixed response from netizens. While some questioned the lavish spending a politician hailing from Tando Mohammad Khan, an impoverished…

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Dar, Google director discuss collaboration for economic digitalization

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar and Google Director Ann Lavin Wednesday discussed possibilities of collaboration in digitalization of economic activities in Pakistan. Google Director for Public Policy and Government Relations, Southeast Asia and Greater China, Ann Lavin, who called on the minister here, acknowledged the economic progress of Pakistan in last three years….

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Tax evaders’ life to be made difficult: Dar

ISLAMABAD: Minister for Finance, Senator Muhammad Ishaq Dar Thursday said that the government would not tolerate tax evaders in any case and the time to come would be very difficult for them. He however assured those tax payers who were paying their taxes honestly would be further facilitated and the FBR would treat them as…

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Ishaq Dar attends 75th anniversary of AFD in Paris

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar Tuesday attended 75th Anniversary celebrations of French Agency for Development (AFD) hosted by French President Francoise Hollande in Paris.   The ceremony was attended by the Jean Marc Ayrault French Foreign Minister, President of Guinea, Prime Minister of Haiti, Minister of Finance Sri Lanka, Chief Executive Officer of…

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Companies Ordinance 2016 promulgated: Dar

ISLAMABAD: Minister for Finance Mohammad Ishaq Dar on Saturday said the Companies Ordinance, 2016 had been promulgated in order to encourage and facilitate best international corporate practices in country. In a statement issued by the Ministry of Finance here Saturday, minister said the President of Pakistan has promulgated the Companies Ordinance, 2016 in order to…

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South Korea names new PM, finance minister after high-level scandal

SEOUL: South Korea’s presidential office on Wednesday named a new prime minister and finance minister, the highest-level shake-up yet since President Park Geun-hye’s administration was rocked by a scandal involving a friend accused of meddling in state affairs. But the reshuffle quickly provoked anger from opposition parties saying Park was trying to divert attention from…

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Standard and Poor’s upgrades Pakistan’s credit rating: Dar

ISLAMABAD: 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…

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Dar rejects Imran Khan’s allegations against Chairman FBR

ISLAMABAD: Minister for Finance Mohammad Ishaq Dar has taken a strong exception to the statement of Chairman of Pakistan Tehreek-i-Insaf (PTI) Imran Khan wherein he had levelled serious allegations against Chairman Federal Board of Revenue (FBR). In a statement issued by the Ministry of Finance here Wednesday, the minister termed the allegations as totally false…

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Dar asks opposition to help formulate consensus law for probing corruption

ISLAMABAD: Stressing political unity on economy, security and energy issues, Finance Minister, Muhammad Ishaq Dar on Friday reiterated government’s reconciliation offer and asked the opposition to join hands for formulating a consensus law to probe alleged corruption.   “Today, the treasury benches have laid Pakistan Commission of Inquiry Bill-2016 in the light of observations made…

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FM expresses satisfaction over divestment process of PSX

ISLAMABAD: Finance Minister Mohammad Ishaq Dar has expressed satisfaction over the divestment process being facilitated by the Securities and Exchange Commission of Pakistan and advised that the national interest should be kept supreme. Chairing a meeting here to review the progress regarding the divestment of shareholding of Pakistan Stock Exchange (PSX), the Minister emphasized on…

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Govt, real estate sector reach consensus on property valuation, tax matters

ISLAMABAD: The government and the real estate sector representatives on Saturday reached a consensus on the issues of fair market valuation of the property and Property Gain Tax (PGT). “After comprehensive discussions, which continued for last 10 days with the business community and representatives of the real estate sector, we have made some decisions with…

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Govt keeps oil prices unchanged

KARACHI: The federal government has retained the prices of four petroleum products for the month of July. Finance Minister Ishaq Dar made the announcement at a press conference in Islamabad. Dar said that the government would bear an additional burden of Res3 billion to facilitate people on the happy occasion of Eid. In its summary,…

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Dar visits SBP, addresses banks presidents

ISLAMABAD: Federal Finance Minister Senator Muhammad Ishaq Dar has stated that economic parameters have recorded significant improvement over the last three years and it is time to accelerate the growth momentum of the economy. He was addressing the Presidents of Banks in a meeting held at State Bank of Pakistan, Karachi. He highlighted that the…

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Dar cancels Beijing visit

ISLAMABAD: Finance Minister Ishaq Dar has cancelled his visit to Beijing, China, which was scheduled for next week. The decision has been taken in view of the fact that the prime minister is still recovering from his open heart surgery abroad and the finance minister’s presence in the country is essential. A finance ministry spokesman,…

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