Tarin to attend ADB’s conference

ISLAMABAD: Federal Finance Minister Shaukar Tarin will attend the meeting of Asian Development Bank (ADB) going to be held on 14 and 15 January.

Committee set up to settle traders’ claims

KARACHI: The finance ministry has set up a 7-member committee to evaluate and assess the losses to property and merchandise of the traders, whose shops and godowns were gutted in the Ashura day violence.
 
The committee, led by Zubair Motiwala, will also disburse the cheques of the compensation amount among the affectees. District coordination officer and a nominee of the ministry of finance along with Motiwala will be the signatories for the cheques.

Overseas remittances to Pakistan surge 30pc: Tarin

KARACHI: Federal Minister for Finance Shaukat Tarin has said that the trend of remittances received in last five months of current fiscal year showed an increase of around 30 per cent over the similar period in the last fiscal year.
 
Addressing an MoU signing ceremony between Pakistan Remittance Initiative (PRI)  and Pakistan International Airlines (PIA) at the State Bank of Pakistan on Wednesday, Tarin urged overseas Pakistanis to ensure that they are transferring their money through official channels into Pakistan.

Ministries differ on rental power projects

ISLAMABAD: The ministries of finance and water and power have developed serious differences over implementation of controversial rental power projects (RPPs) before their contract clearance by the Asian Development Bank (ADB) under a decision by the federal cabinet. 

Informed sources told Dawn the finance ministry is worried over financial implications of the projects in case these reach the commissioning stage before their proper approval by the ADB and the federal cabinet.

The water and power ministry, on the other hand, is more concerned to meet the Dec 31 deadline, these sources said.