Ishaq Dar. File | Photo Credit: Reuters In a surprise move, Pakistan’s Foreign Minister Ishaq Dar was on Sunday appointed as the country’s Deputy Prime Minister. Mr. Dar, 73, a chartered accountant and a veteran politician, belongs to Prime Minister Shehbaz Sharif’s Pakistan Muslim League-Nawaz (PML-N) party. According to a notification issued by the Cabinet … Read more
Pakistan introduced a number of changes to its fiscal 2024 budget on Saturday, said Finance Minister Ishaq Dar, in a last-ditch effort to clinch a stalled rescue package with the International Monetary Fund. “Pakistan and IMF had detailed negotiations as a last effort to complete the pending review,” he told parliament. For the fiscal year … Read more
Pakistan’s Finance Minister Ishaq Dar. File | Photo Credit: AFP Pakistan’s Finance Minister Ishaq Dar will be leading a high-powered delegation to the U.S. to attend the annual spring meeting of the International Monetary Fund (IMF) and the World Bank and for talks with the officials which can help the cash-strapped country to ink a … Read more
An employee of a petrol station updates the latest fuel prices on a board in Karachi on February 16, 2023, after a hike in prices of petroleum products by the government. | Photo Credit: AFP Pakistan’s National Assembly on Tuesday, February 21, 2023, unanimously passed a money bill aimed at raising tax revenues to fulfil … Read more
Islamabad: Pakistan‘s National Assembly on Tuesday unanimously passed a money bill aimed at raising tax revenues to fulfil the demands set by the IMF for seeking a USD 1.1 billion loan facility to avoid an economic meltdown. The Finance (Supplementary) Bill 2023 or ‘mini-budget’ was approved in the lower lower house of Parliament days after … Read more
Pakistan‘s Prime Minister Shehbaz Sharif said on Thursday the country has sufficient stocks of wheat and he will not allow its private import to save “precious foreign exchange”, according to a statement from his office. The country is reeling from the impact of severe floods last month which killed 1,700 and submerged huge swathes of … Read more