“Punjab’s debt little compared to GDP” finance minister
Down-playing the Rs421 billion debt accumulated over the years in Punjab, which amounts to nearly two-thirds of the development...
MCB Bank sale: IHC issues notices to finance ministry, PC
The Islamabad High Court (IHC)  earlier yesterday issued formal notices to the finance ministry as well as the Privatisation Commission...
Finance ministry delays release of $300 million for Gwadar pipeline
Islamabad: The Ministry of Finance appears to have spent the entire cess collection from gas consumers to bridge the budget...
Senate Body calls Finance Minister to brief it on Economy
The Senate Committee on Finance, Revenue, Economic Affairs and Narcotics Thursday decided to call the Finance Minister, Senator Mohamamd Ishaq Dar to brief the committee on the latest economic situation of the country. “We will request the finance minister to come in the next meeting of the committee and... Read more
“Punjab’s debt little compared to GDP” finance minister
Down-playing the Rs421 billion debt accumulated over the years in Punjab, which amounts to nearly two-thirds of the development budget for next year, Punjab’s Finance Minister Dr Ayesha Ghaus Pasha said the figure ‘merely’ represents 3% of the Rs16-trillion gross domestic product of the province. Debt servicing ate up... Read more
MCB Bank sale: IHC issues notices to finance ministry, PC
The Islamabad High Court (IHC)  earlier yesterday issued formal notices to the finance ministry as well as the Privatisation Commission (PC) on March 15 in connection with alleged irregularities in the privatisation process of MCB Bank. A division bench comprising Justice Aamer Farooq and Justice Miangul Hassan Aurangzeb issued the... Read more
Finance ministry delays release of $300 million for Gwadar pipeline
Islamabad: The Ministry of Finance appears to have spent the entire cess collection from gas consumers to bridge the budget deficit and is reluctant to provide $300 million to the petroleum ministry for executing the $2 billion Gwadar liquefied natural gas (LNG) pipeline project, an official says. This came despite... Read more
SSGC officials may be involved in terror financing operations: SSGC MD
The senior Sui Southern Gas Company officials detained by the Rangers in recent days are allegedly involved in funding militant groups, SSGC Managing Director Khalid Rahman told a parliamentary committee earlier yesterday, adding that many others are in hiding. “Eight SSGC top management officials have gone underground, following the... Read more
Chinese firm willing to finance power projects
Islamabad: Pakistan has offered for financing seven to eight hydroelectric power projects on the upper Indus basin to China Three Gorges Corporation, which is willing to participate in a consortium to fund up to $50 billion worth of schemes in the energy-starved country. The biggest project that the government has... Read more
Malala fund to finance education expenses of poor children in AJK
Muzafarabad: The International Fund established by a renowned Pakistani girl Malala Yousafzai, for raising girls literacy and education in Pakistan, has decided to finance education expenses of poor children in Azad Kashmir as well, said UNESCO representative. Viki Jonson, Director of UNESCO Malala Fund along with representative of the... Read more