In-focus

Asad Umar appointed as Economic Development Council member

Asad Umar appointed as Economic Development Council member.

Anyone involved in plundering national money to face punishment: Asad

He said there was no harm to discuss the matter with the opposition parties.

Asad Umar and Muhammad Amir urge each other 'to keep the atmosphere of happiness'

As the thread spawned from a tweet started by the federal minister, Amir reacted on a same tune.

Hafeez Sheikh, Raza Baqir should be asked about rate of dollar: Asad Umar

He said that committee formed for PSM in its report stated that the issues would be resolved soon.

Currency devaluation: Asad Umar to raise the issue in finance committee

He believed that the matter was not interlinked with the agreement between Pakistan and the IMF.

Asad Umar elected chairman of NA body on finance

Syed Naveed Qamar proposed his name for the chairmanship

PM hints at more changes in cabinet, says Asad Umer will soon rejoin team

I need to show performance, adding that it doesn’t matter if someone is elected or unelected

Asad Umer responds to Bilawal's criticism

Difficult decision will have to take in this era of challenges, Asad Umar said.

Incompetent and unskilled PM will have to go home: Bilawal

He said that by sacking the finance minister, the government has admitted that he was incompetent.

Shafqat Mahmood condemns 'sponsored attack' against Asad Umar on social media

Shafqat Mahmood condemns 'sponsored attack' against Asad Umar on social media.

Making efforts on my own to bring Asad Umar back in the cabinet: Sh Rasheed

He rejects rumors regarding change of Punjab Chief Minister Sardar Usman Buzdar

Jahangir Tareen condemns social media campaign against Asad Umar

Tareen took to Twitter, and stated that he holds Umar in the highest regard.

Sheikh Rasheed to persuade Asad Umar to remain part of federal cabinet

He gave an example of Russia to emphasise on importance of economy for any country.

PM again offers Energy Minister's post to Asad Umar

Asad Umar has left for Karachi from Islamabad.

President accepts Asad Umer's resignation from finance ministry

President Arif Alvi has accepted Asad Umer's resignation on PM's advice.

Asad Umar axed over tussle between two bigwigs of PTI: Khurshid

Khursheed Shah said we are politicians, we should admit our failure.

Comedian Jeremy McLellan wishes to work as Asad Umar's replacement

The actor said, “Sad to hear of Asad Umar's resignation as Finance Minister.”

FM Qureshi calls Asad Umar prominent face of PTI

Whoever replaces Asad Umar will have to face challenges, Shah Mehmood said.

PM Imran changes portfolios of several federal ministers

The cabinet reshuffle comes hours after Asad Umar stepped down from his post as finance minister.

PM Imran should leave arrogance, concentrate on economy: Shehbaz Sharif

Country would face severe economic crisis if more time is wasted.

Asad Umar's resignation catches backlash from PTI's rival political parties

PPP Chairman Bilawal Bhutto Zardari claimed that the decision would yield better results for economy

Four names being reviewed as finance advisor's post

The names include Shaukat Tareen, Hafeez Pasha, Dr Ishrat Hussain and Salman Shah.

Asad Umar decides to quit as finance minister

Asad Umar decides to quit as finance minister.

Bringing undocumented businesses under tax net will improve economy: Asad Umar

Amnesty scheme’s is not aimed at collecting money or improving the economy

Chinese Ambassador calls on Asad Umar

The meeting also discussed the ongoing projects under the CPEC.

Chinese Ambassador calls on Finance Minister Asad Umar

The meeting also discussed the ongoing projects being built under the umbrella of CPEC.

Pakistan, IMF reach understanding on bailout package: Asad Umar

Asad Umar said the IMF bailout package would stable the foreign reserves in the country.

Asad Umar to apprise PM Khan about meetings with World Bank Group, IMF

Schedule of IMF's delegation visit to Pakistan in coming weeks could not be finalised at the moment.

Bailout Package: IMF sets tough conditions for Pakistan

The IMF demanded to decrease electricity and gas losses.

IMF delegation will visit Pakistan to finalize program: Asad Umar

IMF delegation will visit Pakistan in coming weeks to finalize technical details, says Asad Umar.

Asad Umar meets World Bank, IMF officials in Washington

The FM has expressed hope to finalise the proposed IMF package during his two-day visit to the U.S.

PM Imran approves tax amnesty scheme

The amnesty scheme will be implemented on April 15 through a presidential ordinance.

Pakistan's economy out of 'ICU': Asad Umar

International Monetary Fund (IMF) talks have entered final round, Umar claimed.

PSX witnesses bearish trend, sheds 547 points

The benchmark index failed to sustain even 37,000 points and closed at 36,974 points.

Govt takes certain decisions in larger interest of country: Asad Umar

Asad Umar rejected speculations that the issue of exchange rate level was being discussed with IMF

No further rupee devaluation likely: Asad Umar

No further rupee devaluation likely, says Asad Umar.

Asad Umar refutes speculations of discussion with IMF over exchange rate

He said Dar was spreading false news after causing immense damage to the economy.

PML-N submits resolution in PA to reinstate Ishaq Dar as finance minister on 'contract'

The resolution was tabled by PML-N Member of Provincial Assembly (MPA) Hina Pervez Butt.

ECC approves import of 100,000 tons urea

The ECC directed relevant institution to check market manipulation activities in fertilizer sector

Surge in medicines prices put patients' lives in misery

The federal government has been facing strong criticism over the increase in the prices of medicines

Asad Umar chairs ECC meeting in Islamabad

The meeting is likely to review the demand and production of urea fertilizer in the country.

Finance Minister Asad Umar to chair ECC meeting today

Economic Coordination Committee (ECC) meeting will be held in Islamabad today (Wednesday).

Talks with IMF enter final stage: Asad Umar

Asad Umar said at present the IMF was engaged in summer meetings with the World Bank.

Rate of inflation is lower than previous government: Asad Umar

He said the inflation would increase as the govt is trying to improve the country’s economy.

Efforts afoot to complete 9th NFC Award process by Dec 31: Asad

The federal finance minister said there was a good spirit among all federating units

Asad Umar chairs NFC meeting in Lahore

Asad Umar chairs NFC meeting in Lahore.

ECNEC approves proposal to interconnect Gawadar, Makran with national grid

The Planning Division gave a presentation about the dualization of Western Alignment of CPEC

Asad Umar to chair ECC meeting in Islamabad today

The meeting will discuss 8-point agenda including petroleum, maritime affairs and other matters.

Finance Minister Asad Umar to chair ECC meeting today

The ECC would also discuss the issue of authorizing Central Power Purchasing Agency (CPPA)

IMF Mission Chief calls on Asad Umar, discusses structural reforms

The minister briefed about the steps taken by the government for improving economy of the country.

Talks with IMF in final stages: Finance Minister

He spoke to the media in Tarnol near Islamabad.

Asad Umar launches spring tree plantation drive

He said one million saplings will be planted in the federal capital during the campaign.

Close to sign agreement with IMF: Asad Umar

Asad Umar briefed National Assembly Standing Committee on Finance.

ECC approves Rs2 billion Ramazan Relief Package

ECC gave approval of Supplementary Grant of RS1 billion for FBR.

ECC approves Rs2 billion as Ramazan relief package

The Pakistan post's new postage rates are also likely to be approved by the ECC.

Asad Umar applauds WB recognition of enhanced Pak compliance of corporate governance standards

Basic shareholder rights were protected and were improved by the enactment of Companies Act, 2017.

India lobbying to blacklist Pakistan in FATF: Asad Umar

He said the government has been focusing to improve governance in public sector enterprises.

Govt to present Finance Supplementary Bill in NA for approval

Federal Finance Minister Asad Umar had laid the bill before the NA on Jan 23, 2019.

ECC approves Rs180 million for Pakistan Banao Certificates

The committee approved a summary for gas supply from Fazal Field.

India humiliated at diplomatic, military levels: Asad Umar

India humiliated at diplomatic, military levels, says Asad Umar.

Asad Umar ensures overseas Pakistani investors of removing reservations

Asad Umar ensures overseas Pakistani investors of removing reservations.

Increasing duties on Pakistani products will result in loss for India itself: Asad Umer

Pakistan would not be affected by trade-related Indian irrational and unwise decision.

Finance Minister aims to enhance public-private collaboration for improvement in governance

He addressed the Business Leaders Conference in Islamabad on Thursday.

UK secretary of state for int'l development calls on finance minister

The finance minister thanked the UK government for its development assistance to Pakistan.

Asad Umar chairs ECC meeting in Islamabad

Meeting is discussing seven-point agenda including approval of Rs1 billion additional Hajj expenses.

MBS visit will enhance Pak-Saudi bilateral relations: Asad Umar

He aims for new opportunities for Pakistan as Saudi energy company expresses interest for investment

Holding company for state owned enterprises, Sarmaya-e-Pakistan incorporated: Asad

The minister said turning around the state owned enterprises and eliminating their losses is vital.

Finance Minister chairs meeting of the FBR Policy Board

Chairman FBR gave a detailed briefing on the working of the Federal Board of Revenue.

Asad Umar chairs meeting of Cabinet Committee on Privatization

Meeting was informed 15 PSEs, including PIA, had already been delisted from privatization programme.

Saudi media delegation meets Finance Minister Asad Umar

Fimamce Minister Asad Umar welcomed Saudi participation in CPEC projects.

ECC approves effective measures for enhancing production of cotton

The ECC analysed financial affairs of the PIA and formulate a plan to increase cotton production

Asad Umar 'optimistic' about IMF bailout package

Umar expressed satisfaction that the international lender has shown flexibility on its position.

IMF indicates Pakistan to adopt 'decisive policies' to acquire bailout

Pakistan is currently negotiating its 13th IMF bailout since the late 1980s.

Finance Minister Asad Umar to hold crucial talks with IMF on bailout

He is expected to meet IMF's Christine Lagarde today in Dubai.

PM Imran Khan to attend World Government Summit in Dubai

Prime Minister (PM) Imran Khan will also meet IMF chief Lagarde in Dubai.

Govt to conduct independent audit of gas billing for December 2018

Cabinet Committee on Energy decided to conduct an independent audit of gas billing for December 2018

NFC aims to improve distribution of national resources among provinces

Finance Minister Asad Umar chaired the meeting in Islamabad.

ECC approves Rs830 mn for Pakistan Machine Tool Factory

The members discussed ways to provide opportunities to the immigrants.

Economic reforms to enhance investment in Pakistan

The KSE‐100 index recorded gains for the fifth consecutive week as it closed at 41,113 points.

Mini-Budget has boosted Pakistan's exports: Moody's report

The mini-budget comes against a backdrop of low export growth in the first six months of fiscal 2019

ECC approves to launch Islamic Sukuk bonds of Rs200 billion

The bond will be issued through the consortium of Islamic banks.

Asad Umer assures to facilitate investors to bolster exports

Asad Umar said promissory notes are being introduced to address liquidity issue of the businesses.

Economical targets cannot be achieved without investment in country: Asad Umar

Asad Umar said the industrial sector has an important role in the economy.

Asad Umar to chair first meeting of NFC on Feb 6

It will receive briefing on fiscal position of the federal government as well as of the provinces.

Will approach IMF if conditions are in Pakistan's favour: Asad Umer

Economy will see enduring stability on completion of the tenure of PTI government.

Mini-Budget: Read full text of Finance Supplementary Bill 2019

Finance Minister Asad Umer presented mini-budget in National Assembly.

Parliament to consider 'Anti-Money Laundering (amendment) Bill

The bill will help Pakistan for its removal from the FATF's grey list.

PM Imran Khan to attend NA session on Jan 23

Finance minister Asad Umar will present the mini-budget on Jan 23.

Asad Umar assures to eliminate insecurities of PTI lawmakers

The minister said that the government is working on a comprehensive economic revival plan.

Industrial sector to be developed on priority: Asad

Asad Umar said mini budget would play important role in ensuring friendly environment.

Asad Umar chairs PTI's parliamentary meeting in Islamabad

Matters related to ongoing political situation and mini budget were discussed.

ECC decides to abolish tax, duty on import of cotton effective from Feb

New cotton policy would be effective from 1st of February till 30th June 2019.

Economy is core component of our foreign policy: Asad

Asad Umar said the budget anomalies will be overcome in the Finance Bill.

20 percent inflation on basic food basket has unfolded miserable consequences for public

However, the government expresses hope for investors and businessmen in the mini-budget on Jan 23.