Aftab Maken ISLAMABAD: The Senate Standing Committee on Finance has approved several key proposals aimed at improving tax compliance and regulating trade practices, including the abolition of Federal Excise Duty (FED) on property sales. The meeting, held at the Parliament House and chaired by Senator Saleem Mandviwalla, reviewed multiple budget-related …
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Aftab Maken ISLAMABAD: Finance Minister Muhammad Aurangzeb on Friday revealed that India once again attempted to block International Monetary Fund (IMF) funding for Pakistan, but this effort was unsuccessful. The disclosure was made during a meeting of the Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, where the …
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Aftab Maken ISLAMABAD: Federal Finance Minister Mohammad Aurangzeb said that the government is currently providing relief by borrowing funds. He emphasized that moving forward, all decisions must be made within the government’s financial limits. “Due to the budget deficit, everything we are doing is based on loans,” he explained. Speaking …
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Aftab Maken ISLAMABAD: The federal government has proposed significant fiscal measures in the Budget 2025–26, including a reduction in withholding tax on property purchases, meaningful relief for the salaried class, the introduction of a carbon levy on petroleum products, and the imposition of General Sales Tax (GST) on solar panels …
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Aftab Maken ISLAMABAD: The federal government on Tuesday unveiled a Rs17.6 trillion balanced budget for the fiscal year 2025-26, with total projected revenues and expenditures both standing at Rs17,573 billion. According to official budget figures, the Federal Board of Revenue (FBR) is tasked with collecting Rs14,131 billion in tax revenue, …
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Aftab Maken Islamabad: A follow-up meeting of the Pakistan Crypto Council (PCC) was held on Thursday at the Finance Division to review progress on developing a regulatory framework for digital and virtual assets in the country. The session was chaired by Federal Finance Minister Senator Muhammad Aurangzeb. The meeting brought …
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The Pakistan Crypto Council will convene a high-level meeting on Monday, 2nd June 2025, to be chaired by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue. The meeting will serve as a strategic forum to deliberate on the evolving regulatory and legal framework surrounding digital currency and the broader …
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Aftab Maken ISLAMABAD Pakistan’s financial landscape is set for a significant overhaul as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, champions a multi-pronged strategy focusing on digitalization, robust industry collaboration, and innovative funding for social upliftment. In a series of high-level meetings on Tuesday, May 27th, the Minister …
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Aftab Maken Islamabad Finance Minister Muhammad Aurangzeb has hinted at possible relief for the salaried class in the upcoming budget. He also assured full support for the Pakistan Armed Forces, calling it not just the military’s need but a national necessity. However, he clarified that no final decision has yet …
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Islamabad: A high-level meeting was held on Thursday at the Finance Division between Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and a senior World Bank delegation led by Ms. Anna Bjerde, Managing Director for Operations at the World Bank. The meeting centered on strengthening bilateral cooperation, reviewing the …
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