Tag: Asad Umer

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...

Govt allows non-filers to purchase up to 1300cc vehicles

To provide low-income housing, Rs5 billion revolving fund for interest-free loans (qarz-i-husna) to be introduced. ISLAMABAD: Finance Minister Asad Umar presented the Finance Supplementary Second...

Asad Umer says mini-budget to be presented on Jan 23

KARACHI: The federal government will present the mini budget in the National Assembly on January 3 for the benefit of the traders and businessmen...

Country’s current A/C deficit shrinks to $6.09bn in July-Nov 2018-19

KARACHI: The Current Account Deficit (CAD), which started sliding from its peak of $18.989 billion in 2017-19, further declined to $6.09 billion in first...

Asad Umer says Saudi Arab to invest biggest amount in Pakistan

Pakistan and Saudi Arabia have been in talks recently over a bailout package for Islamabad ISLAMABAD: Finance Minister Asad Umar on Thursday said that an...

Major reforms needed in SBP, FBR to stop money laundering

ISLAMABAD: The finance ministry officials informed its minister Asad Umar that reforms in the State Bank of Pakistan (SBP) and Federal Investigative Agency (FIA)...

Asad Umer briefed by SECP, SBP on FATF action plan

ISLAMABAD: Finance Minister Asad Umar on Wednesday chaired focused meetings with the Securities and Exchange Commission of Pakistan (SECP) and State Bank of Pakistan...

Pakistan still pinning hopes to strengthen SAARC cooperation in future: Asad...

We really need to think out of the box solutions for regional cooperation amid tensions and confrontations between the two states, Asad Umer said,...