Asad Umar
HEADLINE

Asad Umar announces to relinquish his position as Finance Minister

ISLAMABAD – Asad Umar has announced to relinquish his position as Finance Minister of Pakistan. Announcing the move at a news conference in Islamabad this afternoon, he said Prime Minister Imran Khan has offered him the ministry of energy in the upcoming reshuffle of the cabinet. Asad Umar said he convinced the Prime Minister to […]

Asad Umar
BUSINESS

Main reason behind rupee devaluation is Speculations : Asad Umar

Minister for Finance Asad Umar on Friday said that speculations in the local money market had sparked the dollar value against rupee which was further ignited by the fake news being spread in the social media.Talking to media persons here, the minister said there would be no further devaluation in rupee value as the State […]

BUSINESS

Finance Minister chairs National Price Monitoring Committee meeting

ISLAMABAD,- National Price Monitoring Committee (NPMC) met here on Thursday to take stock of supply and prices of food and pharmaceutical items. The meeting was chaired by Finance Minister, Asad Umar and attended by relevant federal ministries and provincial departments, said a statement issued by Ministry of Finance here. The meeting reviewed prices of perishable […]

BUSINESS HEADLINE

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 […]

HEADLINE ISLAMABAD

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 […]

BUSINESS HEADLINE

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 […]

Asad Umar
HEADLINE PAKISTAN

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, […]

HEADLINE ISLAMABAD

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 […]

Asad Umar
HEADLINE PAKISTAN

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 […]

Asad Umar
BUSINESS HEADLINE

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 […]