Business

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has reaffirmed the government’s commitment to supporting the insurance sector, recognizing its potential for significant private sector investment. He emphasized the need to diversify beyond the banking sector for lending purposes, urging the insurance industry to step up and meet the …

Pakistan has received significant financial relief as China has agreed to extend the repayment period of a $2 billion loan by one year, the country’s finance ministry confirmed on Saturday. Originally due for repayment on March 24, experts believe that the loan deferment aims to support Pakistan’s economic stability and …

Amid ongoing economic review discussions between Pakistan and the International Monetary Fund (IMF), a proposal aimed at reducing electricity prices by eliminating the General Sales Tax (GST) on electricity bills has been rejected. As, the ongoing talks between Pakistan and the IMF are in progress, with a key focus on …

The negotiations between the Government of Pakistan and the International Monetary Fund (IMF) have entered their fourth consecutive day, with discussions intensifying over critical financial measures. Among the key considerations is the inclusion of retailers, property owners, and agricultural income within the tax net. Additionally, the government is contemplating stringent …

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has reaffirmed the government’s unwavering commitment to resolving key challenges related to taxation, energy, and financing to ensure the long-term sustainability and growth of Pakistan’s industrial sector. He made this statement during a meeting held today at the Finance Division with …

Federal Minister for Privatization, Board of Investment, and Communications, Abdul Aleem Khan, in a special conversation regarding the privatization of Pakistan International Airlines (PIA), stated that all concerns of the interested parties have been properly addressed. He further emphasized that the government has decided to incorporate changes based on the …

The International Monetary Fund (IMF) has called on the government of Pakistan to swiftly implement reform measures aimed at reducing expenditures. In a recent meeting with the Cabinet Division, the Ministry of Finance, and the Cabinet Secretary, discussions focused on rightsizing various government departments to streamline expenses. The IMF emphasized …

The Public Accounts Committee (PAC) recently held a meeting, chaired by Junaid Akbar, to review audit paras related to the Atomic Energy Commission, Pakistan Nuclear Regulatory Authority, and the Federal Board of Revenue (FBR). During the meeting, the Auditor General of Pakistan revealed that 15 ministries are operating without a …

The Public Accounts Committee (PAC) has expressed dissatisfaction with the system of foreign loan repayments and interest payments. During a recent meeting, PAC Chairman Junaid Akbar voiced his frustration over the absence of the Finance Secretary, directing him to attend the next session following negotiations with the IMF delegation. The …

The review talks between Pakistan and the International Monetary Fund (IMF) have commenced, focusing on the $7 billion loan program. These discussions, which are the first review under this agreement, will take place in two phases. The initial phase will consist of technical-level talks, during which Pakistan and the IMF …