Ministry of Finance

ISLAMABAD: The Ministry of Finance, Economic Affairs, Statistics and Revenue has taken a decision on Tuesday for waiving off duty on trading of classic and vintage cars. It is announced that a flat rate of $5,000 will be imposed on the imports of these classics, without considering the engine capacity. The Federal Government has excluded vintage cars & jeeps from the umbrella of taxes including customs duty, regulatory duty, additional customs duty, federal excise duty, sales tax and withholding tax, instead there…

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar on Tuesday  said that government during the last two budgets had accorded due consideration to the agriculture sector as it deemed development of agriculture sector a key to overall economic progress, ARY News has learnt. 

ISLAMABAD: Government of Pakistan on Tuesday signed an agreement with Asian Development Bank (ADB) for National Highway Network Development in Balochistan (Balochistan Roads) Project for an amount of $195 million, ARY News has learnt.

ISLAMABAD: The Executive Committee of National Economic Council (ECNEC) on Tuesday approved acquisition of land and resettlement Diamer-Basha Dam Project at revised rates, ARY News has learnt.

ISLAMABAD: Federal Finance Minister Mohammad Ishaq Dar reviewed implementation on decisions of Pak-Afghan Joint Economic Commission (JEC), ARY News learnt.

ISLAMABAD: Privatization committee of the federal cabinet has postponed the proposed plan of selling 10 percent shares of the Oil and Gas Development Company Limited (OGDCL), ARY News reported.

ISLAMABAD: Federal Finance Minister Ishaq Dar has approved the formation of tax reforms commission with a view to facilitating the general public about taxation issues and upgrading the current taxation system, ARY News reported.