In a significant stride towards fostering regional collaboration and economic prosperity, the Federal Minister for Finance and Revenue of Pakistan, Senator Muhammad Aurangzeb, held a high-level meeting with his Saudi counterpart, Mohammed bin Abdullah Al-Jadaan, Minister of Finance of the Kingdom of Saudi Arabia. The meeting took place on the …
Read More »ECC directs measures to control food prices
Aftab Maken The Economic Coordination Committee (ECC) of the Cabinet, led by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met on Monday. They discussed inflation and the prices of essential goods, reviewing data from the Finance Division’s Economic Advisor’s Wing. The ECC noted a significant drop in inflation …
Read More »Cabinet body on rightsizing meets
A meeting of the Cabinet Committee on Rightsizing of the Federal Government was held Thursday at the Finance Division, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The meeting focused on the recommendations of the sub-committee headed by Salman Ahmad, Ambassador at Large, regarding the restructuring of …
Read More »Rightsizing committee eliminates additional 15000 posts in Railways
A meeting of the Cabinet Committee on Rightsizing of the Federal Government was held Monday, chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, at the Finance Division. The meeting reviewed progress on the implementation of rightsizing measures across federal ministries and deliberated on the rightsizing plan of …
Read More »Finance Minister to examine 5 additional ministries for rightsizing
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced that the next phase of the federal government’s rightsizing initiative will focus on five ministries, divisions, and their attached departments. According to an official release by the Finance Ministry on Friday, the targeted ministries include; ministries of Communications, Railways, …
Read More »Govt eliminates 150,000 vacant positions to reduce expenditures and boost efficiency: Finance Minister
Finance Minister Muhammad Aurangzeb has announced that the government is moving towards reducing its expenditures. He stated that 60% of vacant positions in federal ministries and departments, which had not yet been filled, have been eliminated. This equates to approximately 150,000 positions that will no longer be filled. While addressing …
Read More »No complaints of not opening LCs as well as no pressure on Rupee: Finance Minister
Finance Minister Muhammad Aurangzeb has announced that no complaints have been received regarding the opening of Letters of Credit (LCs), and no foreign company has been hindered from repatriating its profits. He emphasized that these factors indicate there is no pressure on the currency. Speaking during a briefing to the …
Read More »Aurangzeb chairs ECC meeting to approves 16 summaries
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet, said an official statement of the Ministry of Finance on Wednesday. The ECC deliberated on a detailed agenda and made the decisions on summaries submitted by the Cabinet Division. …
Read More »BYD launches brand in Pakistan
BYD–a Chinese Electric Vehicle (EV)–launches its brand in Pakistan. Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb also attended the BYD Brand Launching in Pakistan. — BYD, a global frontrunner in electric vehicles and renewable energy solutions, made a significant entry into the Pakistani market today, promising a new …
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