Tag: Asad Umer

Pakistan, IMF to finalize financial package deal in last week of...

ISLAMABAD: Pakistan and the International Monetary Fund (IMF) had reached at a consensus over the financial package, Finance Minister Asad Umer informed the National...

No need to purchase dollar, govt won’t devalue rupee further: Asad...

KARACHI: Finance Minister Asad Umar on Friday said I don’t know why the people are purchasing dollar and assured that there is no reason...

SBP launches Electronic Money Institutions Regulations

ISLAMABAD: The State Bank of Pakistan (SBP) Monday held the launching ceremony of regulations of Electronic Money Institutions (EMIs) in Islamabad. Federal Minister for...

Dollar may go up, Pakistan government discussing with IMF at flexible...

IMF mission chief to visit Pakistan on March 26 ISLAMABAD: Pakistan has hinted at adopting a more flexible exchange rate policy by moving away from...

Pakistan asks FATF to remove India from Asia Pacific Joint Group

ISLAMABAD: Finance Minister Asad Umar has asked President of Financial Action Task Force (FATF) Marshall Billingslea to appoint any other member of FATF as...

Non-filers can purchase up to 1700cc cars

Finance Minister's speech for Amendment Notice to Speaker on Finance Supplementary (2nd Amendment) Bill ISLAMABAD: National Assembly Wednesday passed The Finance Supplementary (Second Amendment) Bill,...

Pakistan’s current account deficit for January down 54%, claims Asad Umer

KARACHI: Pakistan’s current account deficit for January down by 54 percent versus January last year, Finance Minister Asad Umar has said. Asad Umar took to...

Asad Umer launches Holding Company to support state-owned enterprises

ISLAMABAD: Finance Minister Asad Umar on Friday announced that Sarmaya-e-Pakistan, the holding company for state-owned enterprises, has been launched. Taking to Twitter, the finance minister...

ECC approves additional guarantee of Rs 5.6bn for PIA

ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved an additional guarantee of Rs 5.6 billion for Pakistan International Airlines (PIA). Finance Minister Asad Umar...

Proposed measures and concessions in mini-budget to boost investment, say industrialists

KARACHI: Trade and industry has taken the mini-budget unveiled by Finance Minister Asad Umar on Wednesday with cautious optimism. Many industry leaders believe that the...