Finance Minister Mohamed Uranzib expected that the tax rate will reach 10.6 % by the end of the current fiscal year, a step towards the average range of the government is 13 % under the 37 -month fund facility (EF) with the International Monetary Fund (IMF). Speaking during a session with the S & P … Read more
The Minister of Finance and Federal Revenue, Senator Mohamed Uranzib, held decisive discussions with international leaders, including senior officials of the International Monetary Fund (IMF) and the World Bank Group, during his visit to Washington. The meetings focused on major issues such as economic reforms, climate flexibility, and development projects in Pakistan. A press release … Read more
Islamabad: Pakistan is set to issue panda bonds by June 2025 with the aim of raising nearly $200 million in investments from Chinese investors, Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb said on Sunday. In an interview with TVB News in Hong Kong, he explained that the bonds were part of Pakistan’s broader … Read more
Federal Minister of Finance Senator Muhammad Aurangzeb left for Hong Kong on Saturday to participate in the 18th Asian Financial Forum. The visit aims to strengthen engagement with financial institutions and government officials across Asia, according to a press release issued by the Ministry of Finance. Aurangzeb is scheduled to deliver a speech at the … Read more
Finance Minister Muhammad Aurangzeb on Wednesday expressed optimism about Pakistan’s economic trajectory, citing a sharp increase in foreign exchange reserves, a current account surplus after a decade, and lower inflation as key positive indicators. Addressing the Economic Coordination Committee, Aurangzeb noted that foreign reserves, which used to cover barely two weeks of imports, have now … Read more
Finance Minister Muhammad Aurangzeb addresses a press conference a day after the release of the country’s annual federal budget for the fiscal year 2024-25 in Islamabad on June 13, 2024. — AFP “We are very keen to join BRICS,” says Muhammad Aurangzeb. Finance czar says Islamabad wants to join trade organisations. Financing climate change resilience … Read more
Finance Minister Muhammad Aurangzeb. — Ministry of Finance/File Aurangzeb says the World Bank will give Pakistan a grant instead of a loan. The finance czar says: We will try to make this IMF program our last. The Governor of the State Bank of Pakistan says that dependence on foreign loans has decreased. ISLAMABAD: Finance Minister … Read more
Finance Minister Muhammad Aurangzeb speaks during an interview in Islamabad on July 19, 2024. — Reuters The charter focuses on a unified financial network between the center and the provinces. The Minister of Finance described the agreement as “a step in the right direction.” The move aims to increase tax revenues from the agricultural sector. … Read more