Finance

Asad Umar appointed as chairman of NA’s standing committee on Finance

Karachi, May 11, 2019:  PWMA Chairman, Yousuf Yaqoob has appreciated the appointment of Asad Umar as Chairman of NA’s Standing Committee on Finance and Shabbar Zaidi as FBR Chairman.  He expressed the hope that after the appointment of both these seasoned persons on key positions, they will utilize their expertise in financial and taxation matters.

Yousuf Yaqoob, however, expressed his concern over the news items appearing in a section of the Press media that the Government has agreed to enhance gas and electricity prices as part of the IMF’s conditions for a bailout package. 

Under these new IMF’s terms, the government has decided to do away with subsidies worth Rs.340 billion on gas and electricity within a period of three years by shifting the burden on the domestic consumers gradually. 

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