Imran Ali Kundi

  • PESHAWAR - In order to facilitate foreign investors in the province, the Khyber Pakhtunkhwa Cabinet on Thursday approved to make amendments in the KP Public Private Partnership Act, 2014. This was decided at the provincial cabinet meeting held under the chair of the Khyber Pakhtunkhwa Chief ...

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  • ISLAMABAD - The overarching role of Finance Minister Ishaq Dar has significantly been reduced after the replacement of Nawaz Sharif with Shahid Khaqan Abbasi as chief executive of the government. Ishaq Dar was the sheet-anchor in Nawaz Sharif’s cabinet and remained quite instrumental in ...

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  • ISLAMABAD - The government is contemplating some measures to control soaring imports in the revised Strategic Trade Policy Framework (STPF), which is likely to be announced in coming weeks. Pakistan’s imports are continuously increasing from last one year or so, as it reached to alarming ...

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  • ISLAMABAD - Sugar prices are continuously increasing in the country as the government and sugar millers are holding each other responsible for the current hike in commodity prices. Sugar prices have now reached to Rs60 per kg from Rs49 per kg of few weeks before. “The prices are increasing as ...

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  • ISLAMABAD - Finance Minister Ishaq Dar on Saturday called upon the officials of the Federal Board of Revenue (FBR) to double their efforts for meeting the collection target of Rs4,013 billion for the current fiscal year 2017-18. The government had set tax collection target at Rs4,013 billion for ...

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  • ISLAMABAD -  Pakistan’s exports have recorded a handsome growth of over 10 percent during July 2017 over a year ago after registering a continuous decline for the last couple of years. Pakistan exported goods worth of $1.63 billion during July 2017 as compared to $1.48 billion of the ...

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  • ISLAMABAD -  The Ministry of Law and Justice on Tuesday endorsed the stance of Federal Board of Revenue (FBR) for not presenting tax details of the Sharif family in the parliamentary committee. The Ministry of Law and Justice informed the Senate Standing Committee on Finance and Revenue that ...

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  • ISLAMABAD - The government on Tuesday cleared sales tax refunds worth of Rs23 billion as it announced in the budget for the ongoing financial year 2017-18. “All the refunds are transferred to the taxpayers’ accounts,” said Finance Minister Ishaq Dar in a ceremony held at Federal ...

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  • ISLAMABAD - Finance Minister Ishaq Dar has taken notice of current hike in sugar price following the government’s decision to allow commodity exports. Dar directed the federal secretaries concerned to take up the matter regarding increase in sugar price with the provincial governments ...

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  • ISLAMABAD - Finance Minister Ishaq Dar on Saturday showed satisfaction over the performance of Federal Board of Revenue (FBR), which surpassed the tax collection target during the month of July 2017. The FBR has collected Rs200 billion during first month (July) of the current fiscal year 2017-18, ...

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  • ISLAMABAD - The government on Saturday slashed the prices of petrol and high-speed diesel by Rs 1.8 and Rs 2.5 per litre, respectively, for from August 6 to August 31. The government kept kerosene oil and light diesel oil prices unchanged from August 6 to August 31. Finance Minister Ishaq Dar ...

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  • ISLAMABAD -  The government has finally clubbed the textile division and commerce division in order to resolve the issues of the exporters and to boost country’s exports. The government has taken the decision on Friday after announcing new federal cabinet. The government has appointed ...

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  • ISLAMABAD -  The Senate standing committee on finance and revenue on Wednesday expressed displeasure on the bureaucracy’s move to enhance general sales tax (GST) on high-speed diesel (HSD) and petrol without getting approval from the Prime Minister and federal cabinet. The Federal Board ...

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  • ISLAMABAD - The disqualification of former Prime Minister Nawaz Sharif has delayed results of the much-awaited 6th population census, which was expected to be announced on July 31 after getting approval from the Council of Common Interests (CCI). “The provisional results of the 6th population ...

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  • ISLAMABAD - Pakistan’s foreign exchange reserves sharply declined by $1.19 billion during the last two weeks mainly due to the repayment on foreign loans taken in the past. “The government of Pakistan made massive foreign loans repayment during last few weeks, which depleted the ...

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  • ISLAMABAD - The Federal Board of Revenue on Thursday issued the tax directory of parliamentarians that contains income tax details of members of the Senate and national and provincial assemblies. The government has issued the tax directory of the parliamentarians for the consecutive fourth year. ...

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  • ISLAMABAD - The Federal Board of Revenue (FBR) on Wednesday refused to provide tax record of Sharif family that was presented to the joint investigation team (JIT), in the parliamentary committee. The FBR Chairman, Tariq Pasha, informed the Senate Standing Committee on Finance and Revenue that he ...

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  • ISLAMABAD - The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved seven projects costing Rs134.39 billion. The Ecnec, in a meeting chaired by Finance Minister Ishaq Dar, approved seven development projects for various areas in the country. The Ecnec considered and ...

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  • ISLAMABAD - The government continued its policy to take foreign loans to build its foreign exchange reserves and repay previous loans, as the country had obtained massive foreign loans worth $10.6 billion during FY2016-17. The government’s borrowing had gone beyond the target of $8 billion ...

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  • ISLAMABAD - The Economic Coordination Committee (ECC) of the cabinet on Tuesday approved issuance of sovereign guarantee worth of Rs192.95 billion for power sector to pay existing loans as power distribution companies (Discos) have expressed their inability to pay loans due to financial ...

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  • ISLAMABAD - The opposition parties have tabled a resolution in the Senate for the removal of State Bank of Pakistan Governor Tariq Bajwa from his post amid doubts in autonomy of the central bank owing to appointment of a retired civil servant as its head. “This house recommends immediate ...

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  • ISLAMABAD -  Pakistan had added $3.8 billion in the external debt during eleven months (July-May) of the previous financial year 2016-17. The government had borrowed $7.4 billion from the external resources during July-May period of the last fiscal year. Meanwhile, the government had paid back ...

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  • ISLAMABAD -  The Federal Board of Revenue (FBR) said on Tuesday that they had started investigation of a money laundering case under which 2785 Pakistanis had received massive amount of Rs102 billion as ‘gift’ during previous financial year 2016-17. Wealthy Pakistanis were reported ...

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  • ISLAMABAD - The Economic Coordination Committee of the Cabinet on Tuesday gave approval to export 0.3 million tons of sugar, in addition to the export quantity already approved. The ECC meeting, which was chaired by Finance Minister Ishaq Dar, has taken the decision keeping in view the ...

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  • ISLAMABAD - The National Assembly’s standing committee on commerce on Tuesday proposed to discourage imports by imposition of taxes and regulatory duties in order to control soaring trade deficit, which was recorded at historic level of $32.58 billion during last fiscal year (FY17). The ...

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  • ISLAMABAD - Federal Minister for Commerce Khurram Dastgir Khan on Tuesday said that Pakistan was making an effort to increase transit trade area to the Central Asian Republics (CARs). “We will welcome and appreciate some degree of necessary support from World Customs Organization (WCO) to ...

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  • ISLAMABAD - A latest survey conducted by Overseas Investors Chamber of Commerce and Industry (OICCI) showed that threats and security concerns have substantially reduced in Pakistan for all key stakeholders of businesses. The OICC, which has nearly 200 overseas investors, conducted a survey on ...

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  • ISLAMABAD - The government on Saturday decided to constitute an inter-ministerial committee on tariff rationalization so that tariff policy could be aligned with trade policy leading to improvement in balance of trade. The committee would comprise members from Ministries of Finance and Commerce, ...

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  • ISLAMABAD -  A parliamentary committee on Friday sought legal opinion on removal of Zafar Hijazi from the post of Chairman Securities and Exchange Commission of Pakistan (SECP) after the registration of an FIR against him on the orders of Supreme Court. The National Assembly Standing Committee ...

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  • ISLAMABAD - International Monetary Fund (IMF) has projected that Pakistan’s budget deficit would increase to Rs1.433 trillion (4.5 percent of the GDP) during last fiscal year 2016-17 as against target of Rs1.21 trillion (3.8 percent of the GDP). “The revenue shortfall incurred earlier ...

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