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asad umar

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Pakistan fires central bank, tax body chiefs amid IMF talks

Tariq Bajwa, chief of the State Bank of Pakistan, and Federal Board of Revenue Chairman Mohammad Jehanzeb Khan were fired because of their “performance,” Firdous Ashiq Awan, a special assistant to Prime Minister Imran Khan said by phone on Saturday.
Tariq Bajwa, chief of the State Bank of Pakistan, and Federal Board of Revenue Chairman Mohammad Jehanzeb Khan were fired because of their performance, Firdous Ashiq Awan, a special assistant to Imran Khan said.(Bloomberg)
Tariq Bajwa, chief of the State Bank of Pakistan, and Federal Board of Revenue Chairman Mohammad Jehanzeb Khan were fired because of their performance, Firdous Ashiq Awan, a special assistant to Imran Khan said.(Bloomberg)
Updated on May 04, 2019 02:14 PM IST
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Bloomberg | ByKamran Haider and Khalid Qayum

Imran Khan reshuffles Cabinet amidst mounting criticism over government performance

The key ministry of interior was assigned to former ISI officer, Brig (retd) Ijaz Shah who was recently appointed as minister for parliamentary affairs.
Imran Khan reshuffles Cabinet amidst mounting criticism over government performance(HT Photo)
Imran Khan reshuffles Cabinet amidst mounting criticism over government performance(HT Photo)
Published on Apr 19, 2019 10:48 AM IST
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Islamabad | ByPress Trust of India

Pakistan seeks removal of India from FATF co-chair post

In a letter to FATF president Marshall Billingslea, Pakistan finance minister Asad Umar asked him to appoint any other member country as the co-chair “to ensure that the review process is fair, unbiased and objective”.
Pakistan has asked the Financial Action Task Force (FATF) to remove India as the co-chair of the international terror financing watchdog’s Asia-Pacific Joint Group, which is reviewing Islamabad’s progress on action against terrorism.)(PTI File Photo)
Pakistan has asked the Financial Action Task Force (FATF) to remove India as the co-chair of the international terror financing watchdog’s Asia-Pacific Joint Group, which is reviewing Islamabad’s progress on action against terrorism.)(PTI File Photo)
Published on Mar 11, 2019 06:09 AM IST
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Hindustan Times, Islamabad | ByImtiaz Ahmed

‘Very close to securing IMF bailout’: Pakistan finance minister Asad Umar

A day earlier, Prime Minister Imran Khan met IMF chief Christine Lagarde in Dubai to discuss a bailout, and the country’s foreign currency reserves have dwindled to around $8 billion, just enough to cover about two months of imports
Pakistani prime minister Imran Khan.(AP file photo)
Pakistani prime minister Imran Khan.(AP file photo)
Updated on Feb 11, 2019 07:21 PM IST
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Islamabad | ByReuters

Saudi loans $1 billion in ‘short-term relief’ to Pakistan

Pakistan has averted a balance-of-payment crisis this year and it is close to concluding an investment agreement with China, Finance Minister Asad Umar said Thursday.
The U.A.E. transferred $1 billion as part of an agreement between Pakistan and the Abu Dhabi Fund for Development this month, the central bank said in a statement on Twitter Thursday.(AFP)
The U.A.E. transferred $1 billion as part of an agreement between Pakistan and the Abu Dhabi Fund for Development this month, the central bank said in a statement on Twitter Thursday.(AFP)
Updated on Jan 25, 2019 02:11 PM IST
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ByKhalid Qayum and Ismail Dilawar, Bloomberg

Saudi to make biggest investment in Pakistan’s history: Minister

The Minister said that he keeps getting messages from Saudi Crown Prince Mohammad Bin Salman “through other people to hurry up”.
Pakistan's Finance Minister Asad Umar said that the package would be announced soon.(REUTERS)
Pakistan's Finance Minister Asad Umar said that the package would be announced soon.(REUTERS)
Updated on Dec 14, 2018 06:07 PM IST
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Islamabad | ByIndo Asian News Service

Pak PM Imran Khan to embark on first visit China from Nov 3

Prime Minister Khan’s visit to China, Pakistan’s “all weather” ally, will come ahead of a visit to Islamabad by officials of the International Monetary Fund (IMF) for formal discussions on a bailout package for the cash-strapped country.
In this Tuesday, Sept. 18, 2018, Pakistani Prime Minister Imran Khan, center, visits the Prophet's Mosque in Medina, Saudi Arabia.(AP File Photo)
In this Tuesday, Sept. 18, 2018, Pakistani Prime Minister Imran Khan, center, visits the Prophet's Mosque in Medina, Saudi Arabia.(AP File Photo)
Updated on Oct 15, 2018 11:53 PM IST
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Press Trust of India | ByPress Trust of India

IMF chief, Pakistan FM meet as Islamabad seeks bailout package

Prime Minister Imran Khan on Wednesday vowed to steer the country out of a looming balance-of-payments crisis, saying it needs $10-12 billion.
IMF Managing Director Christine Lagarde (L) greeting Pakistan Finance Minister Asad Umar (R) at the Bali Convention Centre during the 2018 IMF/World Bank annual meetings in Nusa Dua on the Indonesian resort island of Bali.(AFP Photo/IMF/Stephen Jaffe)
IMF Managing Director Christine Lagarde (L) greeting Pakistan Finance Minister Asad Umar (R) at the Bali Convention Centre during the 2018 IMF/World Bank annual meetings in Nusa Dua on the Indonesian resort island of Bali.(AFP Photo/IMF/Stephen Jaffe)
Published on Oct 11, 2018 02:42 PM IST
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Nusa Dua, Indonesia | ByAgence France-Presse

Ban cheese imports? Pakistan discusses out-of-the-box ideas to avoid IMF bailout

The Economic Advisory Council held its first session last week, chaired by finance minister Asad Umar, who took office last month.
Pakistani economic advisors discussed banning imports of luxury cars, smartphones and cheese in a wide-ranging strategy session on how to avoid seeking a bailout from the International Monetary Fund (IMF), a senior government advisor said.(Reuters File Photo)
Pakistani economic advisors discussed banning imports of luxury cars, smartphones and cheese in a wide-ranging strategy session on how to avoid seeking a bailout from the International Monetary Fund (IMF), a senior government advisor said.(Reuters File Photo)
Updated on Sep 10, 2018 09:37 AM IST
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Islamabad | ByReuters

United States should worry about its own debts to China, says Pakistan’s next finance minister

PTI leader Asad Umar, who is set to be Pakistan’s next finance minister under Imran Khan’s premiership, said the new government will bring all China-Pakistan Economic Corridor (CPEC) agreements to the fore to show no such issue will take place.
US secretary of state Mike Pompeo had warned last week that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders.(AP)
US secretary of state Mike Pompeo had warned last week that any potential International Monetary Fund bailout for Pakistan’s new government should not provide funds to pay off Chinese lenders.(AP)
Updated on Aug 06, 2018 12:05 AM IST
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Hindustan Times, Islamabad | ByImtiaz Ahmad, Islamabad

US-designated terrorist and leader of Harkat-ul-Mujahideen announces support for Imran Khan’s political party

Fazlur Rehman Khalil, the founder of Harkat-ul-Mujahideen (HuM) and a US-designated global terrorist with links to al-Qaeda, on Tuesday joined Imran Khan’s Pakistan Tehreek-e-Insaf
Khalil is on the extreme right with PTI senior vice president Asad Umar (centre).(Facebook Photo)
Khalil is on the extreme right with PTI senior vice president Asad Umar (centre).(Facebook Photo)
Updated on Jul 18, 2018 12:00 AM IST
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Hindustan Times, Islamabad | ByImtiaz Ahmad, Islamabad
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