Pakistan, Iran agree to boost monetary, financial, commercial activities

ISLAMABAD: Pakistan and Iran have agreed to enhance economic cooperation through boosting monetary, financial and commercial activities to their full potential by utilizing all available options. Read more »

Trade financing facility of $551 million signed for import oil, LNG

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance, Revenue and Economic Affairs witnessed the signing a trade financing facility amounting to US$ 551 million with the International Islamic... Read more »

Hafeez Shaikh, Illangovan discuss World Bank funded projects

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance, Revenue and Economic Affairs and the World Bank Country Director Patchamuthu Illangovan met on Monday to discuss ongoing projects funded by... Read more »

Car import plunges by 80 percent on payment in foreign exchange condition

KARACHI: The import of completely built unit (CBU) cars has sharply declined by 80 percent in March 2019 owing to mandatory requirement of paying duty and taxes through foreign exchange. Read more »

Essential items’ prices inflate for three consecutive weeks in April

ISLAMABAD: The prices of essential items have shown increase for the third consecutive week in the current month indicating the high headline inflation for April 2019. Read more »

Official website still showing Asad Umar as finance minister

KARACHI: The official website of ministry of finance http://finance.gov.pk/ is still showing Asad Umar as Finance Minister despite the assumption of charge by Dr. Abdul Hafeez Shaikh as adviser to prime minister... Read more »

Hafeez Shaikh holds phone discussion with IMF Mission chief

ISLAMABAD: Dr Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance, Revenue and Economic Affairs held a phone discussion with Ernesto Ramirez-Rigo, IMF Mission Chief to Pakistan, after talking with Jihad Azour,... Read more »

Notification to appoint Hafeez Shaikh as finance advisor issued

ISLAMABAD: Prime Minister Imran Khan on Friday appointed Dr. Abdul Hafeez Shaikh as Advisor to the Prime Minister on Finance, Revenue and Economic Affairs with the status of federal minister with immediate... Read more »

Forex exchange reserves fall to $16.19 billion on sovereign bond repayment

KARACHI: The foreign exchange reserves of the country fell by $1.03 billion during a week owing to huge repayment made against Pakistan Sovereign Bond. Read more »

Foreign Direct Investment falls by 51.4 percent in nine months

KARACHI: The foreign direct investment (FDI) has declined by 51.4 percent to $1.27 billion during first nine months of current fiscal year as compared with $2.6 billion in the corresponding period of... Read more »