World Bank assures support to Pakistan’s economic reforms

World Bank Regional Vice President for South Asia Hartwig Schafer assured full support in future to implement projects funded by the institution and the economic reforms in the country. During a meeting with Planning Commission Deputy Chairman Dr Mohammad Jahanzeb Khan, Schafer appreciated the steps taken by the planning commission in various sectors, especially in مزید پڑھیں

Present Govt taking measures to immediately reduce load-shedding: Finance Minister

Minster for Finance and Revenue Miftah Ismail says the present government is cognizant of load shedding problem and is determined to provide relief to the masses by ending load shedding. He was chairing a meeting on funding for power and petroleum sector in Islamabad. Read more: Murad orders preparation of investment policy to attract investment The مزید پڑھیں

Reza Baqir’s tenure as SBP governor expires as govt decides against extension

Federal Minister for Finance and Revenue Miftah Ismail Tuesday announced that no extension has been granted to Reza Baqir as State Bank of Pakistan’s (SBP) governor as his three-year tenure expires today (Wednesday). Taking to his official Twitter handle on Tuesday, Ismail revealed that SBP Governor Dr Reza Baqir’s three-year will expire May 4. “I مزید پڑھیں

Federal Shariat Court declares interest-based banking system against Sharia

The Federal Shariat Court (FSC) on Thursday announced a verdict in a long-pending case on Riba (interest), declaring the prevailing interest-based banking system as against the Sharia and directed the government to facilitate all loans under an interest-free system. In its long-awaited verdict, the court ruled that the federal government and provincial governments must amend مزید پڑھیں