Imran Ali Kundi

  • ISLAMABAD -  The government has appointed Saeed Ahmad as President of National Bank of Pakistan. He was previously serving as deputy governor of the State Bank of Pakistan. Prime Minister Nawaz Sharif had given approval in this regard a couple of days before. The Ministry of Finance on ...

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  • ISLAMABAD -  The government has decided to announce budget for the next financial year 2017-2018 before the advent of the holy month of Ramadan, which would focus on enhancing GDP growth and generating job opportunities. The government will present the budget in the federal cabinet during last ...

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  • ISLAMABAD -  A parliamentary committee on Tuesday directed the government to provide details of the trade agreements signed with the other countries to the parliament. The Senate Standing Committee on Commerce under the chair of Senator Shibli Faraz has also observed that parliament should ...

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  • ISLAMABAD -  Chief Census Commissioner Asif Bajwa has said that total estimated cost of the population census is Rs18.5 billion, which will be equally shared by the federal government and provinces as agreed in Council of Common Interests (CCI). He further said that headcount under 6th ...

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  • ISLAMABAD - The World Bank (WB) on Wednesday approved a loan of worth $450 million to help the poorest and most vulnerable people in Pakistan as Islamabad has implemented tough conditions of the bank. Last month, Finance Minister Ishaq Dar had written a letter to WB President Jim Yong Kim ...

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  • ISLAMABAD -  Pakistan would reopen its border crossings with Afghanistan after consulting the relevant stakeholders and improving security on the borders, said Commerce Minister Khurram Dastgir Khan while addressing a press conference here on Wednesday. “Pakistan agrees to tackle trade ...

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  • ISLAMABAD -  The National Assembly’s standing committee on finance expressed its displeasure over the unsatisfactory and slow performance of National Accountability Bureau (NAB) in the Rs18.5 billion fraud committed in National Bank of Pakistan’s Bangladesh operations. Thus, the ...

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  • ISLAMABAD - The federal government on Tuesday proposed to set up a committee of technical experts nominated by provincial governments to monitor the data processing at the Pakistan Bureau of Statistics for transparency in the population census process. The proposed committee would ensure that all ...

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  • ISLAMABAD -  The federal government has no intention to constitute fresh National Finance Commission (NFC) award before the next federal budget, which annoying the provincial governments that desperately needing new resource sharing formula with centre. “The federal government has not ...

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  • ISLAMABAD -  Pakistan’s trade deficit has widened by 34.33 percent during first eight months (July-February) of the ongoing financial year, 2016-17, due to the massive increase in imports and decline in exports. The country's trade imbalance has been recorded at $20.2 billion during ...

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  • ISLAMABAD -  The government on Friday launched first-ever registered premium prize bond of Rs40,000, which would give profit after every six months besides carries first prize of Rs80 million. “Individuals and public and private companies could buy this bond. However, the banks could not ...

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  • ISLAMABAD -  A parliamentary committee on Wednesday warned Securities and Exchange Commission of Pakistan (SECP) to stop intervening in the matters of Pakistan Stock Exchange (PSX) by saying SECP is targeting stock market brokers. The Senate Standing Committee on Finance under the chair of ...

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  • ISLAMABAD - The Executive Committee of the National Economic Council (ECNEC) on Tuesday approved three development projects including Kachhi Canal project, which cost has been enhanced to Rs80.5 billion from initial cost of Rs31.2 billion. The projects were approved in a meeting chaired by Finance ...

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  • ISLAMABAD -  Commerce Minister Khurram Dastgir Khan has urged the Economic Cooperation Organisation (ECO) countries to work on removing the non-tariff barriers, facilitating visa and customs procedures and mutually accept standardisation. “Openness of trade, abandoning the protectionist ...

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  • ISLAMABAD - The continuous increase in petroleum products’ prices pushed the monthly inflation to 4.22 percent in February, which is the highest in last few months. Inflation measured through consumer price index (CPI) has gone up by 4.22 percent during February, according to the latest data ...

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  • ISLAMABAD -  The Economic Coordination Committee (ECC) of the Cabinet on Thursday showed concern over the widening of current account deficit, which sharply widened to $4.72 billion in the first seven months of the current fiscal year. The current account deficit had widened by 90.23 percent ...

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  • ISLAMABAD -  Pakistan has taken $4.6 billion fresh foreign loans in last seven months for meeting its budget financing and maintaining its foreign exchange reserves. The country has received loans of $4.6 billion as foreign economic assistance from multilateral and bilateral sources during ...

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  • ISLAMABAD - Finance Minister Ishaq Dar on Tuesday met Chief of Army Staff General Qamar Javed Bajwa at the GHQ, Rawalpindi and discussed the defence budget for the next financial year 2017-2018. “The financial requirements of Pakistan Army were discussed during the meeting, in the context of ...

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  • ISLAMABAD - The government on Tuesday once again enhanced the prices of petrol and high speed diesel by Rs1.71 per litre and Rs1.52 per litre, respectively, for the month of March. Petrol price went up to Rs73 per litre and high speed diesel price made dearer to Rs82 per litre for the current ...

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  • ISLAMABAD -  Opposition senators from Balochistan and Fata expressed their serious reservations over the upcoming national census starting from March 15. They said the exercise would be influenced by the presence of numerous foreigners in Balochistan while a large number of internally ...

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  • ISLAMABAD - Senate Standing Committee on Finance Chairman Senator Saleem Mandviwalla has criticised the Securities and Exchange Commission of Pakistan (SECP) over, what he called, its unfair intervention in the affairs of Pakistan Stock Exchange (PSX). He further said that SECP’s intervention ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the cabinet, under the chairmanship of Finance Minister Ishaq Dar, has approved the allocation of funds - equivalent to $25 million - for National Disaster Risk Management Fund (NDRMF). The ECC approved the proposal presented by Economic ...

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  • ISLAMABAD -  lawmaker Asad Umar has claimed that the State Bank of Pakistan has accepted that it ‘protects money laundering’ as the central bank is not taking action over the matter. The National Assembly Standing Committee on Finance met with Qaiser Ahmad Sheikh in the chair on ...

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  • ISLAMABAD - Pakistan Bureau of Statistics yesterday said next general elections of the country would he held on the basis population census which was going to start from March 15 this year. PBS Chief Statistician/Chief Census Commissioner Asif Bajwa told the National Assembly Standing Committee on ...

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  • 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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