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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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WB offers technical, financial help in renewable energy

ISLAMABAD: President The World Bank (WB) Dr Jim Yong Kim Monday offered The World Bank’s technical and financial help in technological improvements in the renewable energy sector. According to a message from Embassy of Pakistan, he was talking to Finance Minister Senator Mohammad Ishaq Dar who called on him during the spring meetings of The…

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Dar arrives in US to attend annual IMF conference

WASHINGTON: Finance Minister Ishaq Dar reached United States to take part in the annual International Monetary Fund (IMF) conference, Samaa reported on Friday. According to details, the finance minister will represent Pakistan in the conference scheduled to take place from April 21st to April 23rd 2017 in Washington. He is also set to meet leaders…

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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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US security advisor McMaster telephones Ishaq Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar said Pakistan believed in a peaceful neighborhood and the government is keen to work with friends and partners for peace and stability of the region. He was talking to US National Security Advisor Lieutenant General Herbert Raymond McMaster on telephone. They also exchanged views on matters of bilateral interest….

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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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Well-being of general public will be on priority in budget: Dar

ISLAMABAD: Federal Minister for Finance Ishaq Dar Sunday said that ensuring well-being of the general public would be accorded the utmost priority while preparing the budget for the fiscal year 2017-18. The Minister said that, keeping in line with the past four years’ tradition, the present PML-N Government will take all opinion, proposals and constructive…

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Electoral Reforms Bill to be tabled in NA, Senate next week: Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar says electoral reforms bill will be introduced in the National Assembly and Senate next week. In an interview, he said draft bill on electoral reforms will be approved from the parliament before the coming fiscal budget 2017-18. He said the committee was reviewing more proposals regarding electoral reforms. He said…

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Pakistan, Germany agree to enhance bilateral cooperation

ISLAMABAD: Pakistan and Germany have agreed to enhance bilateral cooperation in energy, governance, and sustainable development sectors. An agreement to this effect was signed by Finance Minister Ishaq Dar and German Development Minister Gerd Müller in Islamabad on Thursday. –SAMAA/APP

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Pakistan completes Article-IV consultations with IMF

DUBAI: Pakistan and International Monetary Fund (IMF) on Wednesday successfully completed annual consultations under Article IV of the Agreement. Addressing a joint press conference along with the IMF Mission Chief Harald Finger here, Minister for Finance Ishaq Dar said the consultations had broadly covered multiple areas of the economy. Successful completion of the discussions, he…

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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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ECC okays 300MW power plant in Gwadar

ISLAMABAD: Economic Coordination Committee of the Cabinet has authorized Private Power and Infrastructure Board to proceed for award of the Project for establishment of 300MW power plant at Gwadar, to China Communication Construction Company. The approval was given at a meeting of the Committee in Islamabad with Finance Minister Ishaq Dar in the chair. The…

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Pakistan, IMF to begin consultations today

ISLAMABAD: Consultations between Pakistan and International Monetary Fund begin in Dubai today. During the consultations, a detailed review of reforms carried out by the government in different areas of the economy, particularly the energy sector, will be discussed. Ishaq Dar expressed the hope that the two sides will have a constructive round of discussions. Chairing…

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Issues of overseas Pakistanis discussed at high-level meeting

ISLAMABAD: Finance Minister Ishaq Dar has said overseas Pakistanis are keen to take advantage of investment opportunities in the country and government will facilitate them in all possible ways. He was chairing a meeting of Capital Administration & Development Division and Capital Development Authority in Islamabad on Sunday on new sectors development, including the proposed…

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Dar pledges speedy reforms in judicial system

ISLAMABAD: Federal Minister for Finance, Revenue, Statistics and Economic Affairs Division Ishaq Dar on Tuesday said the government would pro-actively work on judicial reforms and implementation of National Action Plan during next two years. “It will be our endeavor that during next two years work is done pro-actively on judicial reforms so after expiry of…

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Pakistan, Switzerland sign revised pact on avoidance of double taxation

ISLAMABAD: Pakistan and Switzerland Tuesday signed the revised Agreement on Avoidance of Double Taxation with respect to Taxes on Income. The Agreement was signed by the Ambassador of Switzerland, Marc George and Chairman Federal Board of Revenue Dr Muhammad Irshad, a statement issued here by the finance ministry said. The signing ceremony was witnessed by…

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IT park to be set up in Islamabad with S.Korea’s assistance

ISLAMABAD: Pakistan with the assistance of South Korea will be setting up an information technology park in Islamabad. The project is a part of Prime Minister’s vision of Digital Pakistan. An agreement was signed between Ministry of Information Technology and Korea Exim Bank on Tuesday in Islamabad. Finance Minister Ishaq Dar witnessed the signing ceremony….

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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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Military Courts, Army Act amendments bills to be tabled on Monday

ISLAMABAD: Finance Minister Ishaq Dar Friday said the bills to extend military courts and amendment to the Army Act would be tabled in the National Assembly on Monday and later would be presented in the Senate. Speaking in the Senate, the minister said judicial reforms and implementation of remaining points of National Action Plan (NAP)…

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Pakistan keen to enhance economic ties with US: Ishaq Dar

ISLAMABAD: Federal Finance Minister Ishaq Dar said Pakistan and the United States are longstanding friends, partners and strategic allies. He said this while talking to US Ambassador David Hale in Islamabad. Ishaq Dar said Pakistan is keen to further expand economic ties with the United States and to explore full economic potential of bilateral relations….

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