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Pakistan
Pakistan’s finance minister ousted in surprise defeat for Imran Khan
...The surprise defeat of finance minister Abdul Hafeez Shaikh, a respected economist and former world bank official who led the country’s negotiations with the IMF for a $6bn loan, comes amid an escalating...
March 3, 2021
Pakistan
Pakistan’s prime minister survives confidence vote
...The prime minister alleged that around 15 of his lawmakers had been “bought” to vote against Abdul Hafeez Shaikh, who led government negotiations with the IMF, after opposition-backed former prime minister...
March 6, 2021
FT Live
Capitalising on Shifting Consumer Behaviour in Asia
What is driving consumption and where are the opportunities?
Wednesday, 22 MayDigital Conference
The Weekend Essay
The battle for Afghanistan’s libraries
...His cry for help was not heeded, though the director of the National Museum of Afghanistan, Mohammad Fahim Rahimi, issued a statement later indicating that he and his staff had received support from the...
September 24, 2021
News in-depthThe Big Read
Dubai contemplates a downsized future after the pandemic
...“We’re looking at a minimum population contraction of 10 per cent for the year,” Nasser al-Shaikh, a former head of Dubai’s department of finance, tweeted in April....
May 10, 2020
Pakistan
Pakistan and IMF negotiators reach $6bn loan deal
...Speaking on state-run Pakistan Television, Abdul Hafeez Shaikh, head of the finance ministry, said: “We have reached an agreement with the IMF staff for $6bn for the next three years....
May 12, 2019
Pakistan's economy
Saudi Arabia grants $9.6bn payment holiday to Pakistan
...Pakistan finance official Abdul Hafeez Shaikh announced on Wednesday evening that Saudi Arabia would postpone demand for payments of $275m a month for the next three years, totalling $9.6bn....
May 23, 2019
FT Live
Accelerating the Energy Transition in Asia
Industrial strategies and policy drivers for sustainability
Tuesday, 30 JulyMandala Club, 31 Bukit Pasoh Rd, Singapore 089845
Pakistan
Pakistani clerics declare fatwa against ‘sinful’ dollar buying
...Finance official Abdul Hafeez Shaikh said Pakistan would early next month announce an “austerity” budget for the next fiscal year ending in June....
May 28, 2019
Pakistan
Pakistan opposition warns over central bank governor appointment
...Abdul Hafeez Shaikh, a former World Bank official who has served as minister under two previous Pakistani governments, was appointed as adviser on finance and head of the finance ministry....
May 5, 2019
News in-depthPakistan
Imran Khan swallows pride to clinch toughest IMF bailout yet
...In April, Mr Khan fired finance minister Asad Umar, a longtime ally, effectively replacing him with Abdul Hafeez Shaikh, a former World Bank official who comes from outside the party....
May 15, 2019
beyondbricsMarkets
Indian real estate: mired in corruption
...A report in the Times of India noted: In raids on the home of builders Abdul Salim Aziz Siddiqui and Jameel Ahmed Jalaluddin Shaikh on Sunday, said Raghuvanshi [the local police commissioner], the police...
April 9, 2013
beyondbricsCentral banks
Pakistan: inflation reality check
...Abdul Hafeez Shaikh, Pakistan’s finance minister, is finding out the hard way....
November 8, 2012
Global Economy
Pakistan ends IMF loan deal amid dispute
...In an interview with the Financial Times, Abdul Hafeez Shaikh, Pakistan’s finance minister, said the IMF’s demands had become too tough and the government would instead press ahead with a homegrown fiscal...
October 31, 2011
News in-depthTerrorism
Pakistan: In the shadow of giants
...“Our circumstances have deteriorated,” admits Abdul Hafeez Shaikh, the finance minister. “We have the capacity to be a tiger – we can do better.”...
March 1, 2012
Global Economy
Pakistan halves fuel price rise
...“This [halving of the price rise] has been decided,” said Abdul Hafiz Shaikh, the finance minister on Friday. “It means…[the government will] have to bear more burden”....
March 4, 2011
World
Pakistan cuts cabinet from 54 to 22 members
...Abdul Hafeez Shaikh, a respected former World Bank economist, was retained as the finance minister, as Pakistan negotiates with the International Monetary Fund to resume disbursements under a stalled loan...
February 11, 2011
FT Live
Brazil Summit
Building a resilient and sustainable economy
Wednesday, 15 MayNew York, NY, USA
FT Alphaville
Floods spur Pakistan to seek $10bn IMF loan restructure
...Abdul Hafeez Shaikh, Pakistan’s finance minister, will travel to Washington next week to ask the IMF to restructure the current loan or consider new financing, according to Pakistani officials....
August 19, 2010
FT AlphavilleCardiff Garcia
Pakistan asks for leeway on fiscal reforms
...Monday’s talks were at a technical level, with Abdul Hafeez Shaikh, Pakistan’s finance minister, due to arrive towards the end of the week....
August 23, 2010
FT AlphavilleJoseph Cotterill
Lehman homage in Afghanistan (of sorts)
...’s First Vice President, Mohammad Qasim Fahim....
September 14, 2010
Central banks
Pakistan likely to levy ‘flood tax’
...Abdul Hafeez Shaikh, Pakistan’s finance minister, is in Washington negotiating with the International Monetary Fund either to ease restrictions on an existing $10bn loan or to agree a loan with easier conditions...
September 1, 2010
Central banks
Pakistan seeks $10bn loan restructure
...Abdul Hafeez Shaikh, Pakistan’s finance minister, will travel to Washington next week to ask the IMF to restructure the current loan or consider new financing, according to Pakistani officials....
August 19, 2010
World
Pakistan to cut cabinet salaries
...Abdul Hafeez Shaikh the finance minister imposed a 10 per cent capital gains tax on shares held on Pakistan’s stock markets for less than six months, and 7.5 per cent for shares held between six months and...
June 6, 2010
Global Economy
Pakistan asks for leeway on fiscal reforms
...Monday’s talks were at a technical level, with Abdul Hafeez Shaikh, Pakistan’s finance minister, due to arrive towards the end of the week....
August 23, 2010
Terrorism
Rescuers search for survivors of Afghan crash
...Fahim Nazari, a representative of Pamir Airways in Kabul, said authorities lost contact with the aircraft 10 minutes after take-off....
May 17, 2010
Terrorism
Pakistan: A precarious position
...Abdul Hafeez Shaikh, finance minister, is in talks to restructure financing. Even before the floods, it was widely believed that Islamabad was failing to implement the necessary fiscal reforms....
September 1, 2010
European banks
Banker feeds crony capitalism in Afghanistan
...Mr Fahim said two of his companies have borrowed $70m from Kabul Bank....
February 22, 2010

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