Imran Ali Kundi

  • ISLAMABAD - Pakistan’s large-scale manufacturing (LSM) posted a handsome growth of over 7 percent in December 2016 over the corresponding period of the previous year. The healthy growth in LSM sector can enable the government to achieve the GDP’s growth target of 5.7 percent during the ...

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  • ISLAMABAD - A parliamentary committee on Monday approved “The Rulers of Acceding States (Abolition of Privy Purpose and Privileges) (Amendment)” Bill 2017, recommending to enhance the allowances of the former rulers of merged and acceding states. The Senate Standing Committee on Finance ...

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  • ISLAMABAD - The government would not postpone the much delayed population census in the country due to fresh wave of terrorism in the country, as it would start from March 15 2017.  The Pakistan Bureau of Statistics (PBS) is all set to conduct population census from March 15, which would cost ...

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  • ISLAMABAD-The Supreme Court of Pakistan has dismissed the review petition filed by the M/s Cargill Holding limited (CHL) and has vindicated Privatisation Commission’s (PC) decisions in the Heavy Electrical Complex (HEC) transaction. “CHL had filed the review petition before the apex ...

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  • ISLAMABAD -  A parliamentary committee on Thursday noted that the government had paid Rs480 billion to Independent Power Producers (IPPs) in a single day to clear circular debt without conducting an audit, which was in violation of rules. The committee noted that the government had paid the ...

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  • ISLAMABAD - The government yesterday increased the prices of petrol and high-speed diesel by Rs 1 per liter each for the period starting from today (Thursday) till midnight on February 28. Federal Finance Minister Ishaq Dar announced the new prices of petroleum products. He said Ogra had ...

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  • ISLAMABAD - The Senate Standing Committee on Commerce Wednesday took notice of different factors that contributed to the decline in the trend of exports from $23.9 billion to $20.8 billion in 2016. A meeting of the Senate Standing on Commerce was presided over by Senator Shibli Faraz. The committee ...

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  • ISLAMABAD-UAE has lifted the eight year old ban on import of poultry and its products from Pakistan. The UAE has granted permission to import day old chicks and hatching eggs form the companies which are certified for export ministry, possess health certificates and certified for export by the UAE. ...

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  • ISLAMABAD-Interest payment had consumed major chunk of the government’s revenue, as it paid Rs647.4 billion on debt service cost during first half of the ongoing financial year, which is far higher than spending on country’s defence and development. The federal government had paid ...

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  • ISLAMABAD-The Pakistan People’s Party (PPP) has flayed economic policies of the government that are being appreciated by the international financial institutions. PPP Senator Saleem Mandviwalla, who is chairman of the Senate Standing Committee on Finance, has said that the government has ...

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  • ISLAMABAD-The Economic Coordination Committee of the Cabinet (ECC) on Monday approved a proposal from the Ministry of Water and Power for issuance of Sovereign Guarantee in respect of syndicated term finance facility for the power sector. Federal Minister for Finance Mohammad Ishaq Dar chaired the ...

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  • ISLAMABAD -  The exports package announced by the prime minister last month has started yielding results as the country's exports recorded growth of over three percent in January against the preceding month of December. After a long time, Pakistan's exports recorded a handsome growth of 3.07 ...

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  • ISLAMABAD - A parliamentary committee has expressed displeasure on paying Rs480 billion to the Independent Power Producers (IPPs) to clear circular debt without conducting pre-audit that could save billion of rupees. The sub-committee of the Senate Standing Committee on Finance under the chair of ...

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  • ISLAMABAD - The Asian Development Bank (ADB) will provide $325 million to Pakistan for the Access to Clean Energy Investment Programme. Anjum Assad Amin, additional secretary for Economic Affairs Division (EAD), and ADB Country Director Werner Liepach signed the loan agreement here in Islamabad. ...

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  • ISLAMABAD -  Fitch Ratings has affirmed Pakistan's Long-Term Foreign and Local-Currency Issuer Default Ratings (IDRs) at 'B' with stable outlook. Fitch has recognised that the country's foreign exchange reserves have strengthened, fiscal deficit reduced and significant progress has been made ...

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  • ISLAMABAD - Chairman Senate Standing Committee on Finance and Revenue Senator Saleem Mandviwalla has said that Pakistan has to repay $11 billion in next financial year 2017-18, which will create shocks to the economy. The incumbent government has taken massive loans during its tenure. The ...

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  • ISLAMABAD - The Federal Board of Revenue (FBR) has to collect Rs1921 billion in just five months (February to June) to meet the annual tax collection target. "The FBR has collected Rs1700 billion during seven months (July to January) of the ongoing financial year," Dr Muhammad Iqbal, official ...

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  • ISLAMABAD -  Brushing aside the condition of holding a national identity card, the Pakistan Bureau of Statistics (PBS) Wednesday said that all the citizens including transgender persons would be enlisted in the sixth national population census. Chief Statistician of the PBS and Chief Census ...

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  • ISLAMABAD - The government on Tuesday jacked up the prices of petrol and high-speed diesel (HSD) by Rs2.25 and Rs 2.26 per litre respectively. The government approved the upward revision in the prices of the petroleum products for 15 days, which will take effect from February 1. The government, ...

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  • China-Pakistan Economic Corridor (CPEC) is the biggest ever economic activity in the country’s history involving billions of dollars direct foreign investment in infrastructure development and establishment of some economic zones.  It would definitely put the country’s otherwise ...

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  • ISLAMABAD - The National Accountability Bureau will file a reference in the National Bank of Pakistan’s Bangladesh branch scam within one month as it has completed its investigation. The NAB officials gave these remarks at a meeting of Senate Standing Committee on Finance held under the chair ...

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  • ISLAMABAD-The National Economic Council (ECNEC) on Wednesday approved four projects costing Rs32.6 billion including foreign exchange component. The ECNEC meeting was chaired by Finance Minister Senator Ishaq Dar. The committee considered and approved various projects relating to climate change, ...

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  • ISLAMABAD -  The Securities and Exchange Commission of Pakistan (SECP) has proposed the government to give one time amnesty scheme for the owners of offshore companies to declare their hidden assets by paying nominal tax. "I have asked the Finance Minister Ishaq Dar to give one opportunity to ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Monday approved export of 0.3 million tonnes of urea fertiliser till 28th of April 2017 without any subsidy. The ECC chaired by Finance Minister Ishaq Dar also endorsed Prime Minister Nawaz Sharif's decision to continue the ...

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  • ISLAMABAD -  The government on Saturday directed Pakistan International Airlines (PIA)'s management to draw up a comprehensive two-year plan by January 26 to pull itself out of financial constraints. The government would submit the revival plan for PIA to Prime Minister Nawaz Sharif for ...

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  • ISLAMABAD -  After a long time, Pakistan's textile exports recorded positive growth of 0.02 percent during December 2016. The country exported textile-made items worth $1.036 billion during December 2016 as against $1.035 billion in December 2015, registering a minor growth of 0.02 ...

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  • ISLAMABAD -  The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved additional guarantees of Rs10.5 billion to cater for financial needs of Pakistan International Airlines Corporation Limited (PIACL). The ECC has also approved disbursement of salaries for the month of ...

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  • ISLAMABAD - Upon the retirement of Federal Board of Revenue (FBR) Chairman Nisar Muhammad on Tuesday, Finance Minister Ishaq Dar has assigned Dr Muhammad Irshad, Member (Operations-Inland Revenue) to look after the tasks of the FBR chairman till the appointment of a regular chairman. Nisar has ...

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  • ISLAMABAD -  The Privatisation Commission (PC) on Tuesday agreed to a proposal to lease out the Pakistan Steel Mills (PSM) for 30 years after the government failed to privatise or revive it. The PC's board has approved the transaction structure proposed by its financial advisers for the ...

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  • ISLAMABAD - Finance Minister Senator Ishaq Dar on Monday directed Ministry of National Food Security and Research to ensure uninterrupted supplies of fertiliser to the farmers as per direction of Prime Minister Nawaz Sharif. The finance minister gave these directions while chairing a meeting here ...

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