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 »
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 »
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 …
Read More »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
BeNewz