Economy visibly responding to stabilization after measures taken by PTI Govt: Finance Minister

ISLAMABAD – Finance Minister Asad Umar says remittances from overseas Pakistanis have witnessed over 12 percent increase with one point four billion dollars during the last six months. In a tweet, he said during this period total 12.77 billion dollars in remittances were received from overseas Pakistanis which is a significant improvement in external account […]

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NFC meeting reviews better distribution of national resources

ISLAMABAD – The first meeting of the reconstituted 9th National Finance Commission with Finance Minister Asad Umar in the chair was held in Islamabad today. The meeting formed six sub groups to put forward proposals for FATA affairs, ease of doing business, macro economic issues and horizontal and vertical distribution of resources. The meeting emphasized […]

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7% growth rate set as target on sustainable basis: Asad Umar

KARACHI – Finance Minister Asad Umar has assured to fully facilitate the businesses and investors to bolster the country’s exports. Addressing a ceremony of Federation of Pakistan Chambers of Commerce and Industry in Lahore on Monday, he assured that a simplified procedure of tax returns for individuals and entrepreneurs will be introduced in the current […]

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Asad Umar

Finance bill embodying business incentives on 23 Jan: Asad Umar

ISLAMABAD – Finance Minister Asad Umar has said that a number of incentives will be announced for business community in the finance bill to be presented in National Assembly on 23rd of this month to improve national economy and enhance trade activities.¬† Talking to business community at Karachi Chamber of Commerce and Industry on Saturday, […]

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Govt focusing on long-term policies: Asad Umar

ISLAMABAD – Finance Minister Asad Umar has said that the government is focusing on long-term policies to stabilize the economy. Talking to PTV on Sunday, he said Pakistan is open for foreign investment and it will facilitate overseas Pakistani investors especially in export industry. He said the visit of Crown Prince of Abu Dhabi will […]

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Govt collected data of around 700,000 potential tax payers: Asad Umar

ISLAMABAD – Finance Minister Asad Umar says the government has collected data of some seven hundred thousand persons who should pay taxes. Talking to a private news channel, he said agreements with foreign countries have been made to identify the people who keep their money outside the country or hide it to avoid tax. The […]

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Asad Umar

No economic crisis in country: Finance Minister Asad Umar

ISLAMABAD – Finance Minister Asad Umar has said that all fundamental economic indicators are now improving with an upward trend in exports. Inaugurating the 11th South Asia Economic Summit organized by Sustainable Development Policy Institute in Islamabad on Tuesday, he said the financing gap for the current fiscal year has been plugged and the fruits […]

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Govt’s Amended Finance Bill 2018 holds limitations on buy of property, vehicles by non-filers

Islamabad: The Government has chosen to proceed with limitations forced in the Federal Budget on buy of property and vehicles by non-filers with three exclusions. Twisting up discussion on Supplementary Budget recommendations in the National Assembly on Wednesday, Finance Minister Asad Umar said abroad Pakistanis and those securing property through legacy would be exempted. Your […]

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Telenor Officials meet Finance Minister

ISLAMABAD : Irfan Wahab Khan, CEO Telenor Pakistan, along with the Telenor Group delegation, and other Telenor Pakistan officials met with Asad Umar, Finance Minister of Pakistan, and discussed how Telenor and the Government of Pakistan can better collaborate for digitalizing the Pakistani economy. Telenor Group, being one of the highest contributors to foreign direct […]

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Asad expresses displeasure on issue of fertilizer pricing

Islamabad:¬†Minister for Finance Asad Umar has expressed displeasure on the issue of fertilizer pricing and its export. Chairing a meeting of Economic Coordination Committee of the Cabinet in Islamabad today (Wednesday), he said the interest of the poor farmers should be the supreme motivation while taking decisions. The Committee was informed that the total requirement […]

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