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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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Budget aims at achieving sustainable, inclusive growth: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar Monday said the budget for the upcoming fiscal year (2017-18) was being formulated to attain the government’s objective of achieving sustainable and inclusive high growth, which would enhance employment opportunities in the country.

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WATCH: Dar’s statements on Dawn Leaks raises more questions

Questions are being raised on the notification regarding the Dawn Leaks scandals following the statements made by Finance Minister Ishaq Dar. He said that both parts of the notification should be read.

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Dar urges SAARC nations to promote trade

ISLAMABAD: Finance Minister Ishaq Dar says international institutions have expressed complete confidence on Pakistan’s economic statistics. According to Radio Pakistan, he made the statemenet while addressing a conference organized under the auspices of South Asian Federation of Accountants in Islamabad on Saturday. He said SAARC counties should promote trade and links with each other. He…

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Pakistan Infrastructure Bank to be established with 60% stake of IMF

WASHINGTON: Finance Minister Muhammad Ishaq Dar says maximum relief will be given to salaried class and common man in the next budget and no drastic taxes are under consideration. Addressing a news conference in Washington, he expressed the hope that GDP growth over five percent will be achieved during the current fiscal year. Finance Minister…

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Pak-Afghan joint efforts needed to eradicate militancy: Dar

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar said Tuesday that Pakistan and Afghanistan needed to cooperate with each other to eradicate the menace of militancy.   Peace and security would ultimately promote economic prosperity for the people in the region, Dar said while talking to  Afghan Ambassador Hazrat Omar Zakhilwal who called on him here….

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Pakistan for enhancing economic, trade ties with US

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar said Monday that Pakistan greatly values its relations with the US and looks forward to further enhancement of these ties in different spheres, particularly economy and trade. He was talking to Ms Laurel Miller, the Acting US Special Representative for Afghanistan and Pakistan after receiving her for a…

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Dar’s US visit to strengthen relations: US Ambassador

  ISLAMABAD: US Ambassador to Pakistan David Hale Thursday expressed the hope that Finance Minister Senator Muhammad Ishaq Dar’s visit to the USA would help further developing Pak-US relations. The US Ambassador called on the minister, said a press statement, adding during the meeting matters relating to the finance minister’s upcoming visit to Washington for…

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Dar arrives in Dubai for consultations with IMF team

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar arrived in Dubai Friday to join the Pakistan delegation for the ongoing Article -IV consultations with the IMF team. He is leading the Pakistan side while IMF team is being led by Harald Finger, IMF Mission Chief to Pakistan, said a statement issued here by the ministry. The…

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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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