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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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Imran Khan’s net worth over a billion, yet no vehicle in his name

ISLAMABAD: The value of assets owned by Prime Minister Nawaz Sharif saw a decline for second consecutive year. According to a report, PM Sharif’s assets were valued at Rs 261.6 million in 2012 which increased six times and reached Rs 1.82 billion in 2013. This was the first time that PM Sharif was declared an…

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ADB to support Pakistan for sustainable energy sector reforms

ISLAMABAD: Asian Development Bank will provide three hundred million dollars to Pakistan for financing of Sustainable Energy Sector Reforms program. An agreement to this effect was signed by Secretary Economic Affairs Division Tariq Pasha and ADB`s Country Director Xiaohang Yang in Islamabad on Friday. Finance Minister Ishaq Dar also witnessed the signing ceremony. Under the…

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Pakistan to be part of elite club of G20 by 2030: Ishaq Dar

ISLAMABAD: Minister for Finance Muhammad Ishaq Dar said Pakistan will be part of elite club of leading world economies G20 by 2030. He was speaking at a contract signing ceremony of “Broadband for Sustainable Development Projects and National Incubation Centres”. He said Prime Minister Nawaz Sharif put the country on the path to sustainable development….

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Video: Khawaja Asif, Ishaq Dar barred from entering Judicial Academy

Federal Ministers Khawaja Asif and Ishaq Dar attempted to cross security barriers outside the judicial academy; however, they were pushed back by police. Watch this video…

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Nawaz Sharif hopes Gulf countries impasse to be resolved soon

RIYADH: Prime Minister Muhammad Nawaz Sharif has expressed the hope that the current impasse in the Gulf countries will be resolved soon in the best interest of Muslim Ummah.   He was talking to Saudi King Salman bin Abdul Aziz in Jeddah. The two leaders discussed the emerging situation in the Gulf countries. The Prime…

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JIT summons Ishaq Dar in Panama investigation

ISLAMABAD: The joint investigation team probing offshore wealth of Sharif family has summoned Finance Minister Ishaq Dar for inquiry of his affidavit, Samaa reported. The decisions of summoning was taken in the meeting which is being chaired by Wajid Zia. Sources said that the minister can appear before the investigation within two days. It should…

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Senate starts debate on Finance Bill, 2017

ISLAMABAD: The upper house of the Parliament on Monday started debate on Finance Bill-2017, containing the annual budget statement, under Article 73 of the Constitution. Participating in the debate, Senator Chaudhry Tanveer Hussain said that Pakistan Muslim League (N) has presented an ideal and balanced budget in the Parliament. He said that due to prudent…

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Profiteers warned of stern action

ISLAMABAD: Finance Minister Ishaq Dar has warned of stern action against profiteers who raise prices of daily use commodities on the pretext of the budget.    In a statement, the minister asked relevant departments to check the prices in the market and take action against profiteers accordingly. He said that no price hike was made…

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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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Khursheed Shah incited farmers to protest at D-chowk: report

ISLAMABAD:  A report prepared by intelligence agencies stated that Leader of the Opposition Syed Khursheed Shah and other PPP leaders instigated the farmers to protest and clash against police at D-Chowk on Friday.  According to details, a report was prepared by intelligence agencies which stated that Pakistan Peoples Party incited farmers to protest and clash…

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Good news for children in Federal Budget 2017-18

Finance Minister Ishaq Dar has announced that no taxes have been imposed on chocolates in the Federal Budget 2017-18.

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Report: Leaders react to Federal Budget 2017-18

Opposition parties have called the federal budget for the fiscal year a bundle of lies whereas the lawmakers have called it a gift to the nation.

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Video: Excessive gossiping during Dar’s budget speech

Parliamentarians were talking to each other as Finance Minister Ishaq Dar was announcing the federal budget for fiscal year 2017-18.

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Report: Govt imposes new taxes in federal budget 2017-18

The federal government has recommended new taxes worth Rs. 120 billion in the federal budget for the fiscal year 2017-18 whereas 5 to 15 percent regulatory duty has been imposed on non-essential items.

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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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Salient features of the budget 2017-18

ISLAMABAD: Following relief measures were announced by Finance Minister Mohammad Ishaq Dar while presenting National Budget for 2017-18 at the parliament house on Friday: 1. 10% increase will be given on the pay of all officers and Jawans as special allowance. 2. In the budget speech FY 2016-17 three allowances were merged. However, the 2008…

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Adorable kids appeal to ‘uncle’ Dar to withdraw chocolate tax

Children from across Pakistan appealed to Finance Minister Ishaq Dar to withdraw his proposed tax on chocolate. Watch the video.

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5 things that will become cheap and 5 things that will become expensive as a result of the budget

ISLAMABAD: Finance Minister Ishaq Dar presented the budget for the year 2017-18 on Friday. While taxes were imposed on some goods, others were granted relief by the government and their prices were reduced.  1. Good news for mobile phone users! For those of us who love to chat on mobile phones and better yet, purchase…

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Live Updates: Dar unveils federal budget with total outlay of Rs. 4.75 trillion

– Government employees till grade 5 have been exempted from deduction of house rent allowance -Agriculture credit target has been set from Rs700 billion to Rs1.001 trillion -New IT companies would be given a tax break for up to three years: Ishaq Dar -FED on cement has been increased from Rs.1 to Rs. 1.25 per…

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