The Economic Coordination Committee (ECC) of the Cabinet met today with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chairing it virtually from China where he is attending the Boao Forum for Asia 2025, says an official statement of the Finance Ministry on Tuesday. The meeting was attended by …
Read More »PCC holds maiden meeting
The inaugural meeting of the Pakistan Crypto Council (PCC) was held today under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said an official statement of the Finance Ministry. The meeting was attended by key figures, including the CEO of the PCC, Bilal Bin Saqib, the …
Read More »Pakistan, World Bank discuss $20bn growth and fiscal reforms plan
In a significant follow-up meeting held at the Ministry of Finance, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, along with his team at the Finance Division, engaged with the World Bank team to discuss Pakistan’s national growth and fiscal program. The discussions took place as part of the …
Read More »Pakistan Crypto Council officially launched
The Pakistan Crypto Council (PCC) has officially been launched, marking a significant step in the country’s efforts to regulate and integrate blockchain technology and digital assets into its financial landscape. The council is set to play a pivotal role in formulating policies, fostering innovation, and ensuring a secure and forward-thinking …
Read More »No sugar smuggling, only legal exports to Afghanistan
Federal Minister for Finance, Muhammad Aurangzeb, has asserted that sugar is no longer being smuggled across the border; instead, it is now being legally exported to Afghanistan. Addressing a press conference in Islamabad, the finance minister elaborated on the steps taken to regulate the sugar industry. He stated that the …
Read More »Finance Minister reaffirms commitment to insurance sector growth
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 …
Read More »Govt vows to resolve taxation, energy & financing Issues for textile
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 …
Read More »Govt reaffirms commitment to structural reforms
Aftab Maken Federal Finance Minister Senator Muhammad Aurangzeb emphasized the government’s commitment to structural reforms aimed at building a resilient economy and fostering sustainable growth during his address at the inaugural session of the 2-day Pakistan Banking Summit 2025. Organized by the Pakistan Banks Association to enhance industry collaboration and …
Read More »Pakistan expects $1bn from IMF climate fund
Federal Finance Minister Muhammad Aurangzeb has expressed optimism that Pakistan is expected to receive $1 billion from the International Monetary Fund (IMF) under the climate fund. To discuss this initiative, an IMF delegation is scheduled to visit Pakistan on February 24. During an informal conversation with journalists in Islamabad, the …
Read More »Finance Committee increases tax on banks’ profits
The Senate Standing Committee on Finance has approved the Income Tax Amendment Bill 2025. During the meeting, the committee was informed that the tax rate on banks’ profits has been increased from 39% to 42%, in addition to a super tax on banks’ income. The session, chaired by Senator Saleem …
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