Islamabad: The Ministry of Finance directed all federal ministries and departments to return the surplus of development funds allocated under the Public Sector Development Program (PSDP) for the fiscal year 2024-25, in a move aimed at avoiding fears of audit before the upcoming federal budget. The guidance follows a declining review of the federal development … 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
ISLAMABAD – The Pakistan Sugar Mills Association (PSMA) has sought government approval for additional sugar exports, citing a surplus of over 1.08 million tons at the start of the new crushing season. The appeal was made on Thursday during a meeting of the Sugar Advisory Council chaired by Federal Minister for Industries and Production Rana … Read more