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Results for “Finance Minister Miftah” (18)

Hafsa Mustafa Posted in Politics

Miftah Ismail foresees PTI as ‘strong’ opposition

Pakistan Muslim League-Nawaz (PML-N) leader and former Finance Minister Miftah Ismail said that after Pakistan People’s Party (PPP) decision not to become part of the centre, it would be a ‘minority’ PML-N’s government. In a statement, Miftah Ismail said that if the PML-N is able to form the federal government, it would be a minority government and the Pakistan Tehreek-e-Insaf (PTI) would be a ‘strong’ opposition. Read More…

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Alina Hashmi Posted in Politics

Miftah Ismail points up "need for thinking about country's future"

Lahore: Former finance minister Miftah Ismail stressed on Sunday the need to think about the country’s future. Mr. Ismail was addressing an event in the Alhamra hall, during which he lamented the worst situation of the governance in the country. Mr. Ismail emphasized the importance of changing the country’s infrastructure and stated that there was a time to raise taxes and increase the percentage of schoolchildren’s education. Read More…

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Alina Hashmi Posted in Politics

Miftah Ismail berates PTI leadership

Islamabad: Finance Minister Miftah Ismail castigated the PTI leadership after Shaukat Tarin allegedly asked Punjab and Khyber Pakhtunkhwa to withdraw from the International Monetary Fund's (IMF) deal. He said: "Shaukat Tarin is the architect behind PTI's move. Is Imran Khan so power-hungry that he will do anything to get back? Is Imran Khan bigger than Pakistan?" "Should we rename Pakistan to Bani Gala? Have they no shame? How can they stoop so low?" the finance minister questioned. Read More…

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Alina Hashmi Posted in Politics

'Govt not selling Roosevelt Hotel to Qatar': Miftah Ismail

Islamabad: Finance Minister Miftah Ismail clarified on Friday that the federal government has no intention of selling the shares of Roosevelt Hotel, New York, and Pakistan International Airlines (PIA) to Qatar. The finance minister's press conference came after reports suggested that Pakistan was thinking of selling shares of both the state assets to acquire loans from the Gulf state. "Coincidentally, we did not speak about Roosevelt Hotel during our meetings," the finance minister said, shedding light on PM Shehbaz Sharif's two-day visit to Qatar. Read More…

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Alina Hashmi Posted in Business

Govt lifts ban on import of luxury items

On August 18, Finance Minister Miftah Ismail announced that the government was lifting the ban on the import of non-essential and luxury items. Addressing a press conference in Islamabad, Ismail said: "When we have limited dollars and we have to feed a huge population, our priority automatically becomes . We had to choose between importing cars and wheat — that's why we imposed a ban ." Read More…

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Alina Hashmi Posted in Uncategorized

Miftah Ismail defends petrol price hike

Islamabad: Finance Minister Miftah Ismail defended on Tuesday the federal government's decision to hike the price of petrol after backlash from his party's supremo Nawaz Sharif and a strong coalition partner. The government increased the price of petrol by Rs6.72 per litre for the next fortnight, taking it to 233.91 per litre, while the rate of diesel was also moved up to 244.44 per litre. "I had never said that I will not increase the price of petrol, I had stated that I will not be imposing taxes further," Ismail… Read More…

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Alina Hashmi Posted in Politics

Economic hardships to persist till September: Miftah Ismail

Karachi: On Saturday, Finance Minister Miftah Ismail said that Pakistan's economic hardships would continue till September. He also expressed hope of reviving the economy after obtaining loans from global institutions and friendly countries. "We will face difficulties till September. You will have to pay your share of tax no matter what [...] and I apologize for the difficulties everyone is facing, but my primary objective is to save the country from default," Ismail said. Read More…

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Alina Hashmi Posted in Politics

SBP governor to be nominated next week: Finance Minister

Islamabad: Finance Minister Miftah Ismail announced on Thursday that the government would nominate a new governor of the State Bank of Pakistan. Addressing a press conference along with Defence Minister Khawaja Asif, he said that the new governor would be appointed next week. While talking about the depreciating rupee, Miftah also assured the reporters that Acting SBP Governor Murtaza Syed had no hand in the depreciation of the rupee. Read More…

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Alina Hashmi Posted in Business

Dollar market under control, stability has returned: Miftah

On Thursday, Finance Minister Miftah Ismail said the dollar market was now “under control”. He also claimed that stability had returned following the government’s announcement that it intended to complete the remainder of its term. Addressing a press conference on the matter in Islamabad today alongside Defence Minister Khawaja Asif, Ismail said: “The dollar market has been quite shaken for two to three days since July 17 but it has now been brought under control slowly.” Read More…

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Alina Hashmi Posted in Business

Miftah promises 'relief' in fuel prices

On Thursday, Finance Minister Miftah Ismail promised the nation "relief" in petrol and diesel prices in light of declining global crude oil prices as well as the staff-level agreement with the IMF. "After this agreement and the recent decline in international oil prices, God willing, we will now be able to provide relief to our people," he said in response to a tweet by a journalist. "Saving Pakistan from economic bankruptcy is our first major achievement. Now, we will lead the country towards economic development," he added. Read More…

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