ISLAMABAD: Federal Finance Minister Muhammad Aurangzeb presented the National Economic Survey 2024–25, highlighting signs of economic recovery and fiscal improvement. Speaking at the launch, he shared that Pakistan’s GDP has moved from negative to positive growth, inflation has fallen sharply from 29% to 4.6%, and the policy rate has dropped from 22% to 11%. The … Read more
ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday held a virtual meeting with the Governor State Bank of Pakistan (SBP) and Chairman Pakistan Banks’ Association (PBA) and their teams to discuss progress on financing for the priority sectors. The minister appreciated the work done by PBA and SBP for coming up … Read more
ing last week’s International Monetary Fund (IMF) Annual Meetings, Pakistan’s Finance Minister Muhammad Aurangzeb sought $1 billion from the IMF’s Resilience and Sustainability Trust (RST) to address the country’s climate risks and speed up its energy transition. Established in 2022, the RST provides concessional, long-term financing for climate-related projects in vulnerable low- and middle-income nations. … Read more
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Thursday expressed optimism about Pakistan’s prospects, stating the country was at a good place on economic front and open to business. Addressing the Pakistan Saudi Arabia Business Forum, Aurangzeb highlighted government policies aimed at strengthening the private sector to lead the country’s business … Read more
ISLAMABAD: Finance Minister Muhammad Aurangzeb says the government is committed to structural reforms in core sectors of economy, including energy, SOEs, privatization, taxation and rightsizing of government. He was talking to a group of investors led by Barclays, who called on him in Islamabad today. The Minister briefed the delegation on various policy interventions and … Read more
ISLAMABAD: Finance Minister Muhammad Aurangzeb says fundamental reforms in the national economy are utmost necessary to make the recently approved IMF program as the last one. In an interview with a foreign media organization, he said the additional burden placed on the salaried class and manufacturing sector will be reduced, while retailers, wholesalers, agriculture, and … Read more
ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has stressed need for effective projects to address climate change challenges. Addressing “Climate Action for Pakistan” event organized by Acumen Pakistan in Islamabad today, he highlighted that climate change is an international issue impacting many regions. Finance Minister stressed that private sector to play pivotal role in climate financing … Read more
ISLAMABAD: Minister for Finance and Revenue, Senator Muhammad Aurangzeb said on Sunday that the measures introduced by the incumbent government have led to a significant improvement in the economy, which will be translated into sustainable growth and development. Addressing a press conference, the minister said that macroeconomic indicators observed resilience during the fiscal year ending … Read more
ISLAMABAD: The National Assembly has approved one hundred and three demands for grants pertaining to different ministries and departments for the next fiscal year. These were moved by Minister for Finance Muhammad Aurangzeb. No cut motions were moved on these demands for grants. These were related to Defense Division, Communications, Federal Education and Professional Training, … Read more
LAHORE: Finance Minister Muhammad Aurangzeb has underlined the need for Public-Private Partnership and privatization to accelerate economic growth in the country. Speaking at a pre-budget seminar in Lahore today, he said foreign exchange reserves have increased significantly and confidence of foreign investors is also improving due to prudent economic policies of the government. The Finance … Read more
