Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved a series of technical supplementary grants (TSGs) worth over Rs9.5 billion for key public sector projects, passport services, and security-related initiatives, while also extending gas supply arrangements for two major urea manufacturers to support fertilizer availability in the country. …
Read More »
Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday presented Pakistan’s Rs18.8 trillion federal budget for fiscal year 2026-27 in the National Assembly, outlining the government’s economic priorities, tax reforms, development plans, and defence spending amid noisy protests from opposition lawmakers. The budget session began nearly two hours behind schedule …
Read More »
—Government expected to prioritize debt servicing, defence spending, subsidies and development projects in the upcoming fiscal plan Aftab Maken ISLAMABAD: The federal government is set to present the budget for fiscal year 2026-27 in Parliament on Friday, with the total outlay expected to be around Rs17.5 trillion. The budget is …
Read More »
Aftab Maken ISLAMABAD: Pakistan’s economy expanded by 3.7 percent during fiscal year 2025-26, according to the Pakistan Economic Survey released on Thursday, reflecting improved economic stability and stronger industrial activity but falling short of the government’s 4.2 percent growth target. Presenting the survey in Islamabad, Finance Minister Muhammad Aurangzeb said …
Read More »
–Key policy measures across multiple sectors Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, on Thursday approved a series of Technical Supplementary Grants (TSGs) and policy decisions involving more than Rs. 50 billion across development, security, …
Read More »
BeNewz Report ISLAMABAD: The federal government has announced a new fixed tax scheme for small shopkeepers, marking a significant step toward simplifying the country’s tax structure and improving compliance among small-scale traders. The announcement was made by Minister of State for Finance Bilal Azhar Kayani during a joint press conference …
Read More »
BeNewz Report ISLAMABAD: Finance Minister Muhammad Aurangzeb and World Bank officials reviewed Pakistan’s tax reforms, debt management strategy and institutional transformation plans during talks in Islamabad on Monday. Federal Minister for Finance and Revenue Muhammad Aurangzeb held discussions with a World Bank delegation led by Bolormaa Amgaabazar to review progress …
Read More »
Pakistan has launched its first-ever Panda Bond in China, with Finance Minister Muhammad Aurangzeb calling the move a major step toward deeper financial integration between Islamabad and Beijing and a milestone in the country’s economic diversification strategy. The inaugural Panda Bond issuance ceremony was held in Beijing on the other …
Read More »
Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved a series of sectoral initiatives and technical supplementary grants aimed at boosting housing finance, education, energy supply, and electric vehicle adoption, according to an official statement. The meeting, chaired by Finance Minister Senator Muhammad Aurangzeb at the Finance Division …
Read More »
BeNewz Report ISLAMABAD: Finance Minister Muhammad Aurangzeb led a high-level review on expanding Pakistan’s REIT sector, signaling renewed policy focus on real estate investment trusts to deepen capital markets and attract broader investor participation. The virtual meeting, held on May 2, brought together senior government officials, regulators, and leading private …
Read More »
BeNewz