ISLAMABAD: Pakistan and Iran on Friday reiterated resolve to promote economic and trade linkages between the two countries. Hassan Abghari, Deputy Minister of Economic and Finance Affairs and the Managing Director, Iran Foreign Investment Company (IFIC) of the Islamic Republic of Iran called on the Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, at […]
ISLAMABAD: The government will present a bill before the parliament to abolish tax exemptions that are discriminate towards many individuals and sectors of the economy. Minister for Finance and Revenue Dr. Abdul Hafeez Shaikh said this at a press conference on Tuesday. He said many companies and sectors are exempted from the taxes and to […]
ISLAMABAD: Dr. Abdul Hafeez Sheikh, Federal Minister for Finance and Revenue, has directed authorities to monitor consumer price of sugar through the country besides focusing on stocks and supply position of the commodity. The finance minister chaired the meeting of the National Price Monitoring Committee (NPMC) on Monday. The finance minister directed ministry of industries […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of taxes on locally manufactured mobile phones. Federal Minister for Finance and Revenue Dr. Abdul Hafeez Sheikh chaired the ECC meeting. The ECC approved Mobile Device Manufacturing and Electric Vehicles Policy (02-03 wheelers and HCVs {Heavy Commercial Vehicles}) presented by the Ministry […]
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Thursday constituted a high powered group to remove difficulties in data sharing between Federal Board of Revenue (FBR) and National Database Registration Authority (NADRA). The adviser stressed on the need to establish a link between NADRA and FBR for data […]
KARACHI: Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday directed Federal Board of Revenue (FBR) to make payment of all income tax refunds of up to Rs 50 million in the next couple of weeks. He advised the tax authority to adopt a clear roadmap and strategy for […]
ISLAMABAD: Pakistan has made substantial progress towards completing remaining action plan of Financial Action Task Force (FATF) through increasing the effectiveness of its AML/ CFT Regime, Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue told International Financial Accountability. He said that out of 27 FATF Action Plan Items, Pakistan had […]
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Monday directed the Federal Board of Revenue (FBR) to collect data for effective budget making for year 2020/2021. Dr. Hafeez Shaikh chaired a meeting at the Finance Division through video link with Dr. Ikram-ul-Haq to discuss proposals on improving the […]
ISLAMABAD: Coronavirus led impacts are expected to deeply distort economic fabric of Pakistan, said Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue. He called for demonstration of fiscally responsible attitude as corona led impacts are expected to deeply distort economic fabric of Pakistan. He has also called on all the […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet non Wednesday approved free period from five working days to 15 working days for cargo and containers landing up to May 31, 2020. The ECC considered and approved a proposal by the Ministry of Maritime Affairs for extension due to corona pandemic of free period from […]