Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reaffirmed Pakistan’s strong commitment to macroeconomic stability, structural reforms, and investor confidence. The finance minister said this during the two high-level Zoom meetings held on Friday — one with the Overseas Investors Chamber of Commerce & Industry (OICCI) and the other …
Read More »FBR seals Sowears over massive tax evasion
The Federal Board of Revenue (FBR), under the jurisdiction of Regional Tax Office-II, carried out a major operation and uncovered alleged tax evasion exceeding Rs 100 million by a well-known fashion brand. As part of the operation, four of the brand’s outlets were sealed. In an official statement, the FBR …
Read More »No Question of Tax Exemption: Finance Minister
Federal Finance Minister Muhammad Aurangzeb has stated that Pakistan’s economic stability is evident to the world. He emphasized that the rising volume of imports remains a major challenge. However, he expressed hope that, God willing, this would be the last program with the International Monetary Fund (IMF) — a goal …
Read More »Swift price soars to Rs 4.41m — Will buyers now opt others?
Aftab Maken Pakistan Suzuki Motor Company (PSMC) has once again increased the prices of its popular hatchback, the Suzuki Swift. The latest price hike, effective from April 26, 2025, sees the price of the Swift GL MT variant rise by Rs 80,000. Previously priced at Rs 4,336,000, the Suzuki Swift …
Read More »Aurangzeb brings home IMF deal & global confidence
Finance Minister Senator Muhammad Aurangzeb concluded the fourth day of his visit to Washington, for the Spring Meetings of the International Monetary Fund (IMF) and the World Bank with significant progress on economic diplomacy, said an official statement of the finance Ministry here on early Friday morning. The visit featured …
Read More »Inflation to rise again ahead of budget & Eid-ul-Adha
There is likely rise in inflation again in the country ahead of the upcoming budget and Eid-ul-Adha. In its Monthly Economic Update and Outlook, the Ministry of Finance has released estimates related to inflation, projecting that inflation in May could potentially increase to between 3% and 4%. For the current …
Read More »PM approves FED removal on property deals: FBR
In a meeting of the Senate Standing Committee on Finance, held under the chairmanship of Senator Saleem Mandviwalla of the Pakistan Peoples Party, a significant development unfolded regarding the ongoing investigation into money laundering through the import of solar panels. The sub-committee, established to probe the matter, requested additional time …
Read More »FM reaffirms Pakistan’s dedication to engaging with IFIs
Finance Minister Senator Muhammad Aurangzeb engaged in a series of high-level meetings on the second day of his visit to Washington, for the annual spring meetings of the International Monetary Fund (IMF) and the World Bank, focusing on Pakistan’s economic stability, ongoing reforms, and investment opportunities, says an official statement …
Read More »IMF loan will give it funding visibility until 2027
Pakistan is looking to buy more goods from the US, including cotton and soybean, and remove non-tariff barriers to escape President Donald Trump’s high tariffs. The country is open to foreign direct investments from US firms in its recently opened minerals and mining sectors and is preparing to debut its …
Read More »PCC head meets Malysian FM
In a pivotal step toward strengthening regional cooperation in the digital economy, the Foreign Minister of Malaysia Mohamad Bin Haji Hasan met with Bilal Bin Saqib, CEO of the Pakistan Crypto Council (PCC), to explore collaborative opportunities in blockchain technology, digital assets, and Shariah-compliant finance. The meeting focused on laying …
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