Pakistan, Iran reiterate resolve to promote economic, trade linkages

Mar 12

Finance

Pakistan, Iran reiterate resolve to promote economic, trade linkages

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 […]

by Mrs. Anjum Shahnawaz

Bill to be presented for abolishing tax exemptions

Mar 9

Finance

Bill to be presented for abolishing tax exemptions

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 […]

by Mrs. Anjum Shahnawaz

Jan 18

Finance

Finance minister directs monitoring consumer price of sugar

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 […]

by Mrs. Anjum Shahnawaz

Taxes removed on locally manufactured mobile phones; ECC accords approval

Dec 17

Finance, IT & Telecom

Taxes removed on locally manufactured mobile phones; ECC accords approval

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of taxes on locally manufactured mobile phones.

by Mrs. Anjum Shahnawaz

Group formed to remove irritants in FBR-NADRA data sharing

Sep 10

Taxation

Group formed to remove irritants in FBR-NADRA data sharing

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 […]

by Mrs. Anjum Shahnawaz

Hafeez Shaikh directs FBR to pay income tax refunds of up to Rs50 million

Jul 16

Taxation

Hafeez Shaikh directs FBR to pay income tax refunds of up to Rs50 million

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.

by Mrs. Anjum Shahnawaz

Pakistan makes substantial progress in completing remaining FATF Action Plan: Hafeez Shaikh

Jul 11

Finance

Pakistan makes substantial progress in completing remaining FATF Action Plan: Hafeez Shaikh

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.

by Mrs. Anjum Shahnawaz

Hafeez Shaikh directs FBR to collect data for effective budget making

May 19

Budget 2020-2021, Taxation

Hafeez Shaikh directs FBR to collect data for effective budget making

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 […]

by Mrs. Anjum Shahnawaz

Coronavirus may deeply distort economic fabric of Pakistan: Hafeez Shaikh

May 15

Finance

Coronavirus may deeply distort economic fabric of Pakistan: Hafeez Shaikh

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.

by Mrs. Anjum Shahnawaz

ECC approves free period for cargo, containers landing up to May 31

May 7

Finance, Ports and Shipping

ECC approves free period for cargo, containers landing up to May 31

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 […]

by Mrs. Anjum Shahnawaz