PESHAWAR: Finance Minister Muhammad Aurangzeb on Thursday said that the Tax Policy Office will present the next budget under the Finance Division. Addressing the Pakistan Business Summit in Peshawar, the finance minister stated that Pakistan will have to pay $ 1.3 billion for a Eurobond in April 2026. Pakistan has repaid its $500 million Eurobond … Read more
ISLAMABAD: Finance Minister Muhammad Aurangzeb announced that the government will soon reduce electricity tariffs. Aurangzeb announced that Prime Minister Shehbaz Sharif is spearheading efforts to reduce electricity costs, with an official announcement expected soon. In an interview with Bloomberg, Aurangzeb stated that the government is expanding the tax base to include sectors like real estate, … Read more
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 … Read more
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Tuesday reaffirmed the government’s resolve to carry forward the reforms agenda, aiming at broadening of the tax base and rightsizing of the federal government to achieve macroeconomic stability what he called ‘basic hygiene’ for sustainable growth. In a televised message, the minister said … 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
IMF talks for new loan program to start in coming days. These talks are hoped to be last. Aurangzeb stressed on more private leadership. Finance Minister Muhammad Aurangzeb on Monday said that discussions with the International Monetary Fund (IMF) for a new loan program, which is hoped to be the last, will initiate in the … Read more
WASHINGTON: Pakistan and the United States have vowed to upgrade economic partnerships in alternate energy, agriculture, climate resilience and tech industry sectors. The resolve came during meeting of Finance Minister Muhammad Aurangzeb with US Assistant Secretary Donald Lu and Principal Deputy Assistant Secretary of US State Department Elizabeth Horst at World Bank headquarters in Washington. … Read more
ISLAMABAD: Federal Minister for Finance, Muhammad Aurangzeb on Wednesday appreciated Multilateral Investment Guarantee Agency (MIGA’s) continued support to Pakistan in attracting foreign investments. He met with Mr. Hiroshi Matano, Executive Vice President, MIGA, said a press release issued here. The minister discussed the ongoing economic reforms, investment climate and measures to enhance investor confidence in … Read more
ISLAMABAD: Finance Minister Muhammad Aurangzeb has arrived in Washington D.C, United States to participate in the spring meetings of IMF and World Bank. On arrival at the airport, Ambassador of Pakistan to United States Masood Khan and the officers of the Embassy of Pakistan welcomed the Finance Minister. During his stay in US, the Finance … Read more
KARACHI: Federal Finance Minister Muhammad Aurangzeb on Friday said that Prime Minister Shehbaz Sharif had enhanced Ramazan Package amount from Rs. 7.5 billion to 12.5 billion rupees so that people belonging to vulnerable segment of the society could be provided essential items on subsidized rates as compared to the open market. He said this, while … Read more
ISLAMABAD: Finance Minister Muhammad Aurangzeb has expressed Pakistan’s intention to secure the largest and most extensive program ever from the International Monetary Fund (IMF). Speaking to reporters in Islamabad, Aurangzeb emphasized Pakistan’s aim to negotiate a substantial IMF loan commensurate with its quota. He underscored the government’s priority of improving Pakistan’s economy over reliance on … Read more
