PML-N choices for finance minister limited | The Express Tribune

PML-N supreme leader Nawaz Sharif addressing his supporters outside his Model Town residence in Lahore on Friday, February 9, 2024. SCREENGRAB ISLAMABAD: The Pakistan Muslim League-N has not yet finalised its choice for a new finance minister, as it faces a hard decision between appointing the highly experienced Ishaq Dar as the finance minister and […]

Developing an Islamic finance benchmark | The Express Tribune

KARACHI: With the global Islamic financial sector approaching close to $4 trillion in assets and having surpassed the Rs8 trillion assets milestone in Pakistan, a common question in Islamic finance revolves around the use of conventional benchmarks like Kibor or Libor when pricing an Islamic finance transaction or Sukuk. Considered one of the common myths […]

COP28: climate finance needs | The Express Tribune

ISLAMABAD: COP28 climate talks have ended with so much discussion and debate and have some useful conclusions. But it all requires finance. Things do not work out by just words. I wish if the financial zeal to allocate and spend money had been as strong as the discussion has been. Unfortunately, this has not been […]

Finance Ministry opposes new power sector management proposal | The Express Tribune

ISLAMABAD: The finance ministry has not supported an official proposal to appoint senior armed forces officers as heads of new Performance Management Units (PMUs) in the rotten power distribution companies to improve their management.  But the finance ministry backed the original decision of the Special Investment Facilitation Council (SIFC) to give a role to the […]

Finance ministry to oversee four SOEs | The Express Tribune

ISLAMABAD: The National Highway Authority (NHA), Pakistan National Shipping Corporation (PNSC), Radio Pakistan and Pakistan Post will now function under independent boards – as the caretaker government kicked off a process to meet another condition set by the International Monetary Fund (IMF) for the release of the next tranche of $700 million to the country […]

Economy shows signs of recovery, says finance minister

Caretaker Finance Minister Shamshad Akhtar addresses a press conference in this still taken from a video on September 25, 2023. — YouTube/Geo News   Caretaker Finance Minister Shamshad Akhtar has said that the country’s economy is showing signs of recovery due to the steps taken by the interim government. She made the remarks a day after […]

G20 finance chiefs hash out global debt situation

India’s Finance Minister Nirmala Sitharaman (right) speaks next to US Treasury Secretary Janet Yellen during a joint statement with US as part of the G20 Finance Ministers, Central Bank Governors (FMCBG) and Finance & Central Bank Deputies (FCBD) meetings, at the Mahatma Mandir in Gandhinagar on July 17, 2023. — AFP Aimed at bolstering a […]

Adapting to AI disruption in finance | The Express Tribune

KARACHI: The world is abuzz with how AI-driven chatbots are changing the landscape and would start eating into the already shrinking job market. A non-entrepreneur, who is used to a 9-5 job, is worried and spending countless nights wondering how artificial intelligence (AI) will affect jobs in the future. Will AI replace human workers or […]

Finance Act comes into effect | The Express Tribune

ISLAMABAD: The federal government has acceded to the five demands of the International Monetary Fund (IMF) and has implemented the steps mentioned in the Finance Act, 2023, which has also been uploaded on the website of the taxman, the Federal Board of Revenue (FBR). According to the Finance Act, 2023, additional taxes of Rs415 have […]

State finance minister hits out at IMF for ‘meddling’ | The Express Tribune

ISLAMABAD: Minister of State for Finance Dr Aisha Ghaus Pasha termed a statement spelling out conditions to unlock the stalled bailout package by the International Monetary Fund (IMF) as “meddling in internal affairs”. Earlier this week, the IMF had urged Pakistan to follow the Constitution in order to resolve its political disputes, as Prime Minister […]

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