Tue, 21-Oct-2025

Watch Live

logo-black

Download App

اردو

finance minister

Improvement in Pakistan’s credit rating is global recognition of reform efforts: Finance Minister

by

Finance Minister Muhammad Aurangzeb has said that the recent improvement in Pakistan’s credit rating by global agency S&P Global reflects international recognition of the government’s ongoing economic reforms. Terming the development a positive sign for Pakistan’s economic direction, the finance minister thanked the S&P Global delegation during their meeting in Islamabad. The meeting discussed Pakistan’s … Read more

IMF deal and the country’s new export-led growth strategy, says FinMin Aurangzeb

by

Finance Minister Muhammad Aurangzeb stated in an interview with CNBC during the 2025 Annual Meetings of the World Bank and IMF that ongoing structural reforms in Pakistan have the potential to set the country on a path of rapid and sustainable growth, similar to the “East Asia Movement.” The minister highlighted that Pakistan has made … Read more

Finance Minister departs for US to finalize trade agreement

by
Finance Minister

ISLAMABAD: Finance Minister Muhammad Aurangzeb has departed for Washington, D.C., to finalize a key bilateral trade agreement with the United States. According to details, the minister is expected to oversee the signing of a mutually agreed tariff deal ahead of the August 1, 2025 deadline. The agreement aims to strengthen economic ties and enhance trade … Read more

Govt approves construction of low-cost housing scheme

by
housing scheme

ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb has approved a new scheme for the construction of low-cost housing. The decision was made during a meeting of the Economic Coordination Committee (ECC), chaired by the finance minister, where financial support under the Markup Subsidy and Risk Sharing Scheme was approved. At the meeting, Muhammad Aurangzeb approved the … Read more

US is Pakistan’s largest trade partner, says Finance Minister

by
US

ISLAMABAD: Federal Finance Minister Senator Muhammad Aurangzeb has emphasized that the United States is Pakistan’s largest trading partner, and both countries aim to elevate bilateral relations to a new level. During a briefing following his meeting with U.S. officials, the finance minister highlighted Pakistan’s commitment to expanding trade and investment ties with the United States, … Read more

Punjab unveils budget exceeding Rs5tr for fiscal year 2025–26

by
Punjab

LAHORE: Finance Minister Punjab Mujtaba Shuja ur Rehman presented the province’s Rs5, 335 billion budget for the fiscal year 2025-26. Before the assembly session, Punjab Chief Minister Maryam Nawaz approved the provincial budget. The opposition lawmakers staged a protest inside the assembly, gathering in front of the Speaker’s dais. According to official budget documents, salaries … Read more

Pakistan’s economic reforms on right path, says finance minister

by
Pakistan’s economic reforms on right path, says finance minister

Federal Finance Minister Muhammad Aurangzeb has emphasized that the ongoing IMF programme is, in fact, Pakistan’s own economic reform agenda. Addressing a press conference, he stated that Pakistan needs the IMF programme and is committed to making tough decisions to stabilize the economy. The minister acknowledged that previous governments had avoided difficult but necessary economic … Read more

Muhammad Aurangzeb says govt won’t back step from reforms

by

Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to implementing reforms, stating that there will be no retreat from the measures being introduced. Speaking to the media in Karachi, he emphasized that state-owned enterprises that can operate efficiently in the private sector will not remain under government control. He stressed that privatization is in … Read more

Govt to reduce financial burden on salaried class: Finance Minister

by

Finance Minister Muhammad Aurangzeb has announced plans to reduce the financial burden on the salaried class in the upcoming budget. Speaking to media representatives in Lahore on Sunday, he highlighted positive economic indicators, including a rise in remittance senders to 35 million and an increase in Roshan Digital Account inflows. Muhammad Aurangzeb emphasized the private … Read more

Finance minister says Pakistan’s skilled labour can support Saudi Vision 2030

by

Finance Minister Muhammad Aurangzeb emphasized Pakistan’s potential to export skilled labour to Saudi Arabia in line with the Kingdom’s Vision 2030 development plan. Speaking at the Emerging Market Economies Conference in AlUla, Aurangzeb highlighted opportunities for collaboration between the two countries as Saudi Arabia transforms its economy. “There is significant potential for Pakistan, especially in … Read more

PM Shehbaz welcomes SBP’s policy rate cut-down

by
PM Shehbaz

ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif on Monday welcomed the reduction in policy rate of State Bank of Pakistan (SBP) by further 2 percent and said that its current 13 percent rate bode well for the country’s economy.

He expressed the confidence that the decrease in the policy rate would further enhance investors’ confidence in the national economy and would spur investment.

The prime minister said that lowering of inflation rate also brought down the policy rate, adding that in the future, the inflation rate would further come down.

He also appreciated the federal finance minister and other authorities for making efforts in this regard.

[embedpost slug=”pm-shehbaz-sharif-pledges-to-end-polio-in-pakistan”]

Read more

Finance Minister Aurangzeb meets foreign investors, professionals

by
Finance Minister

ISLAMABAD: A high-level delegation of foreign investors and business professionals, mostly based in the United States, here on Wednesday, called on Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

The delegation put together by Ambassador Ali Jehangir Siddiqui of the JS Bank comprised leading entrepreneurs, business practitioners and professionals from diverse sectors, including technology, academia, and finance, with lead members such as Auren Hoffman, Chief Executive Officer of SafeGraph, Kristen Edwards Marqua (Hakluyt & Company), Michael Levi (The D.E. Shaw Group), Dr. Jeff Chang (Rad AI), and others.

Ambassador Ali Jehangir Siddiqui apprised the minister about the composition of the delegation, the purpose of their visit and their interaction with different stakeholders during the visit so far.

Advisor to the Finance Minister Khurram Shehzad and senior officers of the Finance Division and Federal Board of Revenue (FBR) were also present.

Aurangzeb briefed the investors about the country’s recent macroeconomic progress, highlighting significant achievements in overcoming longstanding challenges.

“Pakistan has historically struggled with twin deficits; however, due to improved export performance, the economy is now operating with a surplus in both fiscal and current accounts.

Foreign exchange reserves have crossed the $12 billion mark, inflation has been brought down to single digits, and the policy rate is moving in the right direction,” he noted.

He further elaborated on the government’s comprehensive reform agenda, encompassing privatization, SOE restructuring, rightsizing of the federal government, and pension reforms.

Senator Aurangzeb also addressed two existential challenges faced by Pakistan: rapid population growth and climate change.

“With a population growth rate exceeding 2%, we face severe implications for food security, child stunting, and out-of-school children. Climate change exacerbates these vulnerabilities, making it imperative to secure both financial and technical assistance to tackle these issues effectively,” he remarked.

He also mentioned that he has emphasized the importance of these priorities in discussions with international partners, including World Bank President Ajay Banga.

[embedpost slug=”adb-approves-200m-loan-for-pakistans-power-distribution-sector”]

Read more

Finance Minister Says Economy Stabilizing, Prices Falling

by

Finance Minister Muhammad Aurangzeb said on Saturday that protests are causing losses of around 190 million rupees every day. He emphasized, “We need to avoid this kind of activity.” Speaking at the Overseas Investors Chamber of Commerce and Industry, Aurangzeb highlighted that certain steps are necessary to boost trade and investment. The minister stated that … Read more

Finance Minister Aurangzeb launches ESG Sustain portal

by
Finance Minister

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, officially launched ESG Sustain, a centralized online sustainability portal developed by the Securities and Exchange Commission of Pakistan (SECP) in collaboration with UN Women Pakistan in Islamabad.

The launch of ESG Sustain marks a significant milestone under SECP’s ESG Roadmap aimed towards advancing sustainable practices across regulated sectors.

The portal provides companies with a robust tool to report climate-related data, disclose sustainability progress and share gender-disaggregated statistics, while also hosting a dedicated Knowledge Hub with resources from professional bodies and market leaders to support capacity building, said a press release issued here.

With over 40 companies already on boarded for contributing data, ESG Sustain is set to play a pivotal role in fostering data-driven decision-making, attracting sustainability-linked investments and paving the way for an ESG Index in future.

Addressing the participants, the Finance Minister commended SECP on launching ESG Sustain.

He highlighted that “Portal’s emphasis on inclusivity and gender reforms aligns with the Government of Pakistan’s vision for inclusive growth”.

Noting the global shift towards climate resilience and climate finance, he stressed the importance of leveraging resources through collaboration and scaling up efforts digitally, with ESG Sustain serving as a catalyst for these initiatives.

ESG Sustain reflects the government’s vision of enabling the private sector to drive economic growth while it concentrates on creating a supportive policy framework.

 

Ms. Vipunjit Ketunuti, Deputy Country Representative for UN Women, commended the launch of ESG Sustain for its potentially pivotal role in promoting sustainable development, “It is truly inspiring to see an increasing number of companies in Pakistan recognizing the critical importance of embedding ESG principles into their core business strategies for long-term success. ESG Sustain will go a long way in facilitating the process. I am particularly proud that the SECP has recommended the UN Women Empowerment Principles as among the globally recognized frameworks for sustainability reporting. This is a significant step toward enabling companies to particularly advance gender equality and empower women within their operations.”

[embedpost slug=”fm-reiterates-importance-of-inclusive-growth-data-sharing”]

Read more

Opposition protests costing Pakistan Rs 190 billion daily, says Finance Minister

by
Pakistan’s economic reforms on right path, says finance minister

Finance Minister Muhammad Aurangzeb has disclosed the substantial economic toll of opposition-led protests. Speaking at a press conference amidst Pakistan Tehreek-e-Insaf’s (PTI) planned march toward Islamabad, Aurangzeb stressed the critical need for political stability to protect the nation’s economy. He revealed that daily financial losses caused by opposition protests and lockdowns exceed Rs 190 billion. … Read more

ITFC to provide $3b in commodity financing to Pakistan

by
ITFC

WASHINGTON: The International Islamic Trade Finance Corporation (ITFC) has announced to provide $3 billion in commodity financing to Pakistan over three years, immediately followed by direct financing of $269 million.

Finance Minister Muhammad Aurangzeb expressed his gratitude to IFTC for providing commodity financing to Pakistan for three years.

Earlier, Federal Finance Minister Muhammad Aurangzeb also met Assistant Secretary for Economic and Business Affairs Amy Holman of the US Department of State.

In this meeting held in Washington DC, the Finance Minister recognized the importance of Pakistan-US economic partnership in the socio-economic development of Pakistan and thanked the US for its support.

In the meeting, the finance minister identified investment opportunities in agriculture, IT, energy, and mining sectors and invited American companies to invest in these sectors.

In an address to a think tank in Washington, Federal Finance Minister Muhammad Aurangzeb said that policies are being made regarding the reduction of government expenditure and reforms in various sectors.

He said that the Pakistani rupee is getting stronger and remittances are improving.

It should be noted that Federal Finance Minister Muhammad Aurangzeb is in America with a delegation to participate in the annual meetings of World Bank and International Monetary Fund(IMF) in Washington.

[embedpost slug=”finance-minister-departs-for-us-to-attend-imf-wb-meetings”]

Read more

Finance Minister departs for US to attend IMF, WB meetings

by

ISLAMABAD: Federal Minister of Finance and Revenue, Senator Muhammad Aurangzeb departed for the United States to participate in the annual meetings of the International Monetary Fund (IMF) and the World Bank (WB).

Federal Finance Minister Senator Muhammad Aurangzeb has departed for America where he will attend the annual meetings of IMF and World Bank.

The Finance Minister will meet the Finance Ministers of China, United Kingdom, Saudi Arabia, United Arab Emirates, and Turkey. He will also meet representatives of IMF and World Bank during US visit.

The meetings will be held with top officials of the US State and Treasury Departments while meeting with officials of international credit rating agencies and commercial banks.

The meetings are also scheduled with officials of investment banks in the Middle East. The federal minister will address investment forums and seminars.

During the visit, the Finance Minister will visit leading American think tanks and will also give interviews to international and American media representatives. The Minister will address investment forums and seminars, sharing Pakistan’s economic outlook.

[embedpost slug=”pakistan-requests-2bn-in-climate-financing-from-imf”]

Read more

ECC approves exports of surplus sugar

by
ECC

ISLAMABAD: The Economic Coordination Committee of Cabinet (ECC) has approved the export of 500,000 metric tonnes of surplus sugar.

A meeting of the ECC was held under the supervision of Finance Minister Muhammad Aurangzeb in which the export of surplus sugar was approved. The statement said that the export was allowed due to surplus sugar reserves in the country.

The export is subject to an undertaking by Pakistan Sugar Mills Association that their mills will commence production by 21st of next month for the next crop year and export quota of any non-compliant mill will be revoked.

According to provincial statistics, existing stock of sugar stood at 2.054 million MT of sugar reserves were available in the country till September 30 while 5.454 million MT of sugar were consumed in the country in the last 10 months and 0.900 million MT of sugar are estimated to be consumed in October and November.

The committee made the export of sugar subject to the commencement of the crushing season on November 21 by the sugar mills. The sugar will be exported in 3 months and this facility can be withdrawn at any time if the price of sugar increases.

The ECC further directed that the Cabinet Committee on Monitoring Sugar Exports, already constituted vide Cabinet Division’s Notification dated 25th & 26th June, 2024 and 13th September, 2024, would continue to regularly monitor and update the Cabinet on demand, supply and price situation of sugar in the country, including in the case of export of 0.500 MMT of sugar as well.

The ECC also discussed and approved a summary submitted by the Ministry of Energy (Power Division) seeking a compensation package for the deceased Chinese employees of Port Qasim Electric Power Company (Private) Limited.

[embedpost slug=”ecc-approves-continuation-of-pm-relief-package”]

Read more

Govt decides to impose tax on agriculture income from July 2025

by
Govt

ISLAMABAD: The Federal Finance Minister Muhammad Aurangzeb has announced that federal government will impose tax on agricultural income from July 2025.

Speaking to the media in Parliament, Finance Minister Muhammad Aurangzeb said that the tax legislation on the agricultural sector will be made in January 2025 and progress is being made on the National Finance Pact with the provinces.

He said that the re-profiling of debt of China–Pakistan Economic Corridor(CEPC) power projects is going on positively and it is hoped that the re-profiling agreement of CPEC power projects will be done soon.

He said that he is a supporter of complete independence of State Bank of Pakistan.

It should be noted that there is no tax on agricultural income in the country, if the tax is imposed, it will be for the first time after the independence of Pakistan.

[embedpost slug=”fbr-warns-for-large-scale-action-against-non-filers-from-nov-1″]

Read more

FBR likely to extend deadline for filing income tax returns

by
FBR faces Rs110bn revenue shortfall in April 2025

ISLAMABAD: Federal Board of Revenue (FBR) has set September 30(today) as last and final day for submission of income tax returns while government has not yet announced an extension.

It is the last day for submission of income tax returns, the business community is demanding an extension of the date, but no decision has been taken by the government to extend the date.

FBR has started considering extending the date of submission of income tax returns.

Sources say that it will be recommended to extend the date of the Prime Minister’s return to the country, there is a lot of load on the system during the submission of returns.

So far, 29 million returns have been collected till September 28. 1.4 million returns were submitted till this date last year.

Earlier, Finance Minister Muhammad Aurangzeb said that this year the number of filers has reached to 3.2 million, last year there were 300,000 new filers, while this year it has increased to 723,000.

He said that non-filers will not be able to buy vehicles, property and there will be a decision regarding the under-filers.

[embedpost slug=”fbr-to-recruit-4000-auditors-for-audit-of-traders”]

Read more

FM discusses investment opportunities with foreign investors

by
FM discusses

ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb held a meeting with a delegation of international investors, led by Chief Executive Officer (CEO) J.P. Morgan Pakistan, Amin Mohammad Khowaja, to explore fixed income investment opportunities in country’s economy

According to press release issued by finance ministry, during the meeting, the minister highlighted the significant strides Pakistan has made in improving its macroeconomic indicators – including the 14 % rise in exports, the decline in inflation to 9.6 % (which is 34 months low), and an overall decline in the Current Account deficit.

He also pointed out the improvement in Pakistan’s sovereign credit ratings which reflect a stable and promising economic outlook. “The country’s economic growth is underpinned by robust fiscal discipline, inflation management, and a favorable balance of payments” he stated.

Senator Aurangzeb also elaborated on the government’s ambitious structural reforms agenda, aiming at broadening the tax base, rightsizing of the public sector, privatization drive, and energy sector reforms, to aid overall macroeconomic stability.

The Minister reaffirmed the government’s resolve to carry forward the comprehensive reforms agenda to enhance the efficiency and governance of public institutions. “These reforms,” he noted, “are designed to create a more conducive environment for foreign investment and to ensure the long-term stability of the economy.”

The Finance Minister assured the delegation of the government’s full support in facilitating their investment ventures and welcomed their interest in contributing to Pakistan’s economic growth. He reiterated Pakistan’s strong commitment to attracting foreign investments through maintaining a business friendly environment.

On the occasion, the delegation commended the government’s efforts to create a business-friendly environment and expressed optimism about the prospects of increased investment flows into Pakistan.

The discussions covered a range of potential investment areas, including renewable energy, information technology, infrastructure development, and the financial sector.

[embedpost slug=”aurangzeb-vows-to-continue-with-tax-reforms-rightsizing-for-macroeconomic-stability”]

Read more

PM Shehbaz stresses more efforts for economic stability

by
PM Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif said that after bringing the inflation rate down to the single digit of 9.6%, more efforts were required to bring in economic growth and stability besides addressing the challenges of circular debt and tax evasion.

“Alhamdulillah, the burden of inflation is reducing gradually. A single-digit inflation rate of 9.6% was reported in August this year which was 27% this month of last year. But we have to keep up our efforts to achieve economic growth and stability, create productive employment, reduce expenditures by rightsizing and downsizing, shrink circular debt, curb evasion of receipts and eliminate smuggling,” the prime minister said addressing the meeting of the federal cabinet chaired by him.

He congratulated the finance minister, State Bank governor and other economic team members for the achievement and said that serious and tireless efforts were underway to achieve the challenging task.

“This gradual improvement. We have to take it forward swiftly… The task is cumbersome but we will reach our destination if we remain focused on targets,” he remarked.

He said sincere efforts always led nations to excel and Pakistan too could achieve the same as the country had immense resources including competent minds, natural resources and youth.

Prime Minister Shehbaz told the cabinet members that the prerequisites of IMF program were under supervision and all-out measures were being taken to fulfill the conditionalities.

“Insha Allah, we will fulfill all the IMF conditionalities timely which will follow the consideration and approval by the IMF Board. This will start a new journey. But we should keep in mind that this should be the last IMF program in Pakistan’s history,” he remarked.

Earlier, in the day, the prime minister wrote on his X time that the reduction in Pakistan’s annual inflation rate to 9.6% was not an accident but an outcome of the government’s efforts.

“Pakistan’s annual inflation rate has dropped to 9.6% in August, first single-digit figure in nearly 3 years according to the Pakistan Bureau of Statistics. This is not an accident! These are results,” the prime minister said.

[embedpost slug=”core-inflation-decelerates-to-single-digit-of-9-6pc-in-august”]

Read more

Reforms must be make EFF last IMF programme: Finance Minister

by
IMF

ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here reiterated the need for structural reforms to ensure the Extended Fund Facility (EFF) with International Monetary Fund (IMF) is the country’s last programme, highlighting the importance of privatization, export-led growth, and foreign direct investment to sustainable macroeconomic stability.

Addressing the Ground Breaking Ceremony of the Head Office Building of the Securities and Exchange Commission of Pakistan (SECP), the minister said, the Staff Level Agreement (SLA) has been signed with IMF and it would go to fund’s board for final approval.

“So under the fund umbrella, it is not only getting the fund but making sure that this time we do the structural reforms,” he remarked.

“If we have to make it last programme of the fund then whether it is on taxation side, energy side, or SOE reforms and the privatization side, we have to move forward because we do not have the space and room any more to dither on this agenda.” the minister remarked.

He said upgrade in Pakistan’s rating by Fitch, an international credit rating agency, and the policy rate reduction by State Bank of Pakistan (SBP) were direct manifestations of macroeconomic stability that the government has been following under the leadership of Shehbaz Sharif.

He said, the economic team would continue to move forward with this agenda. However, he added there was need to bring permanence into it. “Stabilization would lead to growth, so we have to bring permanence,” he said.

Talking about the role of private sector, the minister said, it has been decided in the cabinet committee on State-Owned Enterprises (SOEs) that all insurance companies under the public sector will be handed over the private sector.

He said, there was no reason whatsoever the government holds on to those entities or their functions. Even the strategic functions would be done by private sector he said adding the government would be there to provide policy framework and policy continuity.

[embedpost slug=”sindh-fed-govts-agree-to-establish-sez-on-remaining-steel-mills-land”]

Read more

Govt committed to reduce expenditures, boot revenues: Aurangzeb

by
Govt

ISLAMABAD: Federal Finance Minister Senator Muhammad Aurangzeb reiterated government’s commitment to reduce expenditures and boost revenues as part of a comprehensive effort to strengthen the country’s economy on sustainable grounds.

Addressing a press conference in his hometown, Kamalia, the minister said the federal government would shut down parallel ministries or departments that have been devolved to provinces.

This move is expected to significantly reduce expenditure and improve efficiency, adding, the Prime Minister has already announced the closure of Pakistan Public Works Department, a move that will help reduce the financial burden on the government.

Secondly, the government will privatize state-owned enterprises (SOEs), which have been a significant drain on the national exchequer. The minister cited the example of Pakistan International Airlines (PIA), which has a liability of 622 billion that has been transferred to the government.

The minister also announced that airport outsourcing is being completed, with Karachi airport set to be handed over to the private sector by July or August this year, to be followed by Lahore airport.

The government is committed to reducing losses and burdens on the federal government, and these measures are part of a larger effort to achieve this goal.

The minister emphasized that the Prime Minister was personally leading the effort to reduce expenditures and improve efficiency.

On revenue side, the minister emphasized the need to increase the tax-to-GDP ratio from 9.5% to 13% over the next three years, stressing that taxes are essential for running the country.

To achieve this goal, the government has announced revenue measures, including bringing the non-taxable sector into the tax base, gradually eliminating tax exemptions worth Rs3.9 trillion, and rephrasing policies in areas like health and agriculture.

 

The minister announced that 32,000 retailers have already been registered and will be taxed starting from July 2024, and emphasized the government’s commitment to bringing other sectors into the tax net.

The government is also focusing on compliance, plugging leakages in the system, and implementing an end-to-end digitization system to reduce human intervention, increase transparency, and end corruption. Sales tax automation is a top priority, he remarked.

[embedpost slug=”pm-acting-iranian-president-discuss-bilateral-issues”]

Read more

Budget 2024-25: Govt increases minimum salary from 32,000 to 36,000

by
Good News! Salaries expected to be increased by 10% in Budget 2025-26

ISLAMABAD: The federal government has increased the minimum monthly salary of private sector employees from 32,000 to 36,000 in the budget 2024-25.

Federal Finance Minister Muhammad Aurangzeb said in the budget speech said government has also increased the salaries of government employees in the budget.

According to the budget document, in order to improve the purchasing power of civil servants from grades 1 to 16, the salaries are being increased by 25 percent, while the salaries of officers from grades 17 to 22 are being increased by 22 percent.

It is proposed to increase the pension of retired employees by 22 percent.

Meanwhile, government introduced the scheme in the budget for the financial year 2024-25 to bring down the pension expenditure.

The Federal Finance Minister said in the budget speech in the National Assembly that the federal government has an unfunded pension liability of trillions of rupees and the pension expenses are increasing rapidly. Therefore, the rate of increase in these costs needs to be reduced.

The Finance Minister said that the government has formulated a strategy for the reform of this sector on which the consultation has been completed to a large extent.

He said that according to international standards, reforms will be brought in the existing pension scheme, which will result in substantial reduction in the pension liability for the next three decades.

The finance minister added that a contributory pension scheme will be introduced for new employees in which the government’s share will be paid every month. This will ensure that future employees’ pensions are fully funded from the start of their employment.

[embedpost slug=”finance-minister-aurangzeb-unveils-budget-for-fy25″]

Read more

Gilani calls for maximum public relief in upcoming budget  

by
Gilani

ISLAMABAD: Acting President Syed Yusuf Raza Gilani stressed the need for extending maximum relief to the masses through the upcoming federal budget, and the formulation of a comprehensive strategy to enhance the revenue.

The acting president said this in a meeting with Minister of Finance and Revenue Muhammad Aurangzeb, who called on him here at the Aiwan-e-Sadr.

The finance minister briefed the acting president about the ongoing preparations for the upcoming people-friendly budget and the government’s measures to reduce inflation.

The minister said that a remarkable reduction in the inflation rate manifested the government’s constant and undeterred actions by the government.

[embedpost slug=”governor-kp-faisal-kundi-calls-on-pm-shehbaz”]

Read more

Countries are run by taxes not charity: Finance Minister

by
Countries are run by taxes not charity: Finance Minister

The finance minister stressed that taxes are vital for running the country. He emphasizes that the burden of taxation shouldn’t fall solely on one class. The inflation is at 17% which is anticipated to decline further. ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb on Tuesday said that taxes are an integral part of the economy not … Read more

PM Shehbaz reconstitutes Council of Common Interests  

by
PM Shehbaz

ISLAMABAD: Prime Minister Shehbaz Sharif reconstituted the Council of Common Interests (CCI) and the Foreign Minister has been included in the CCI instead of the Finance Minister.

After the approval of Prime Minister Shehbaz Sharif, the notification for the reconstitution of the Council of Common Interests has been issued. The 8-member Council of Common Interests will be chaired by Prime Minister Shehbaz Sharif, while the chief ministers of all four provinces will join the council as members.

For the first time, the Foreign Minister Ishaq Dar has been included in the Council of Common Interests instead of the Finance Minister.

The Finance Minister is a permanent member of the Council of Common Interests, but Prime Minister Shehbaz Sharif has included former Finance Minister Ishaq Dar in the CCI, considering his experience and ability to settle matters with the provinces.

Federal Finance Minister Muhammad Aurangzeb has become a part of the cabinet for the first time, so veteran Ishaq Dar has been replaced in the council.

According to the notification, Defense Minister Khawaja Asif and Minister for States & Frontier Region (SAFRAN) Amir Muqam from Khyber Pakhtunkhwa are also included in the Council of Common Interests.

[embedpost slug=”federal-govt-reconstitutes-ecl-committee-of-cabinet”]

Read more

Menu

Latest

Entertainment

Lifestyle