Friday, August 14, 2020

Pakistan: After Governor SBP, Chairman FBR ,more removals expected soon

Featured

New Zealand reimposed lockdown in Auckland after first local Coronavirus case in 102 days

New Zealand announced on Tuesday that it would close its largest city, Auckland, after discovering four new cases of...

United Nations: Floods affect 38 million people in China and 1.4 million in Bangladesh

Stephen Dujarric, a spokesman for the United Nations Secretary-General, said that the floods are still affecting many countries in...

Biden says his economic plan will create 5 million US jobs

US Democratic presidential candidate Joe Biden on Thursday pledged to spend $700 billion on US-made products and industrial research,...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

As the final talks with delegation of International Monetary Fund (IMF) near to the conclusion, incumbent government has taken sudden decisions to remove top order of economy related institutions.

Well informed source from the Capital city said that IMF representative in Egypt Dr Reza Baqir was offered Governorship of Central Bank of Pakistan. Baqir was recommended by Dr Hafeez Shaikh.

Source told WNObserver that the IMF during the recent talk asked the government that the Rupee parity should be determined by the market forces.

Moreover, the IMF advised Pakistani officials to ensure to elevate the revenue targets, despite repeated denials by the government on IMF conditions, major changes in bureaucracy queued in coming days.

Recently removed Dr Jahanzaib, since the day first was disowned by the FBR elite, he was failed to achieve the revenue targets.

Insiders from Ministry of Finance further told WNObserver that three officials from Federal Board of Revenue (FBR) namely Zahid Khokhar (member customs operation), Fazal Yazdani and Javed Ghani were in the race to chair the department but this time one among them will be given the toughest revenue target ever achieved in the history of the country ( as advised by the IMF).

Other then mentioned three from the department Currently Dr Ahmed Mujtaba Memon is serving as additional secretary in the Finance Division or Shabbar Zaidi may be placed as chairman. Source said from FBR and a leading business community leader informed.

Source further revealed that the current Secretary Finance Younus Dagha will be unseated soon, as the government seem unsatisfied with the performance of YD also new chief executive of Trade Development Authority will be appointed to set the track of the authority.

Read also: IMF agrees on $ 6.5 billion package for Pakistan, agreement to sign on May 10

 

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

All 15 BMGians elected unopposed in KCCI’s Election 2020-22

All candidates of Businessmen Group (BMG) have been elected unopposed for the Managing Committee of Karachi Chamber of Commerce...

Mastercard partners Faysal Bank to expand digital payments in Pakistan

Mastercard has expanded on its existing strong partnership with Faysal Bank through an agreement that will further support the digitization of the payments infrastructure...

New Zealand reimposed lockdown in Auckland after first local Coronavirus case in 102 days

New Zealand announced on Tuesday that it would close its largest city, Auckland, after discovering four new cases of Covid-19 in the city, the...

Record Increase In Export Of Fruits & Vegetables Despite Coronavirus Global Pandemic

Pakistan has registered record enhancement in export of fruits & vegetables despite coronavirus global pandemic. The Financial year 2019-20 has witnessed an overall increase...

K-Electric successfully closes PKR 25 Billion Sukuk, the largest ever Sukuk issue in Pakistan’s private sector!

August 10th, 2020: K-Electric (KE) is pleased to announce the successful closure of its PKR 25 billion Sukuk which is the largest Sukuk issue...

Related News