Funding to cover severance, dues, and asset disposal as the government winds up the loss-making Utility Stores Corporation The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved a technical supplementary grant of Rs 30.216 billion to facilitate the smooth closure of the Utility Stores Corporation (USC), marking a …
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BeNewz Report ISLAMABAD: Pakistan and the Asian Development Bank (ADB) on Wednesday reaffirmed their commitment to deepen cooperation in economic reforms, climate resilience, and infrastructure development, as Finance Minister Senator Muhammad Aurangzeb met with ADB President Masato Kanda in Islamabad. The high-level meeting, held at the Finance Division, was attended …
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BeNewz Report ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, on Tuesday approved multiple economic measures, including relief for flood-affected families in Gilgit-Baltistan and key settlements in the energy sector. The meeting was attended by Power Minister Sardar Awais Ahmad Khan Leghari, …
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BeNewz Report ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, convened on Tuesday to approve significant financial allocations and key policy proposals aimed at bolstering various sectors of the economy. The committee approved over Rs 11 billion in grants, including a relief …
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Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday said Pakistan’s agricultural sector has been brought under the tax net and renegotiated agreements with Independent Power Producers (IPPs) have led to lower electricity prices, with further relief expected in the coming days. He added that losses in the power sector …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, Friday approved a series of major initiatives across several key sectors, including industry, housing, telecommunications, and the environment. The decisions aim to drive economic growth, promote sustainability, and …
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Aftab Maken ISLAMABAD: Finance Minister, Senator Muhammad Aurangzeb, today spearheaded crucial discussions on two key government initiatives: the ongoing implementation of the National Tariff Policy and the imminent launch of the Prime Minister’s Fan Replacement Program. These meetings underscore the government’s commitment to boosting economic competitiveness and promoting energy efficiency. …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Senator Muhammad Aurangzeb, on Thursday approved major economic decisions including over Rs 2.9 trillion in Technical Supplementary Grants (TSGs), a revised natural gas pricing structure for FY2025-26, and a landmark risk coverage scheme for small …
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Aftab Maken ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has called for focused reforms and stronger governance across State-Owned Enterprises (SOEs), as cumulative losses hit an alarming Rs 5.8 trillion and circular debt in the energy sector crosses Rs 4.9 trillion. Chairing a crucial meeting of the Cabinet Committee on State-Owned …
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Aftab Maken ISLAMABAD: On Monday, Finance Minister Muhammad Aurangzeb wrapped up the debate on the upcoming fiscal year’s budget during a session of the National Assembly. In his speech, he highlighted the government’s economic direction, key tax reforms, and public welfare initiatives. Aurangzeb told the House that the government has …
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