BeNewz ISLAMABAD: The government has accelerated work on three landmark social impact initiatives aimed at boosting skills development, providing affordable credit to small farmers, and promoting household energy efficiency, with launches targeted in the coming weeks. Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired back-to-back meetings on Thursday …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, led by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, on Wednesday approved a series of key economic and development measures aimed at boosting industrial growth, improving global competitiveness, and strengthening national institutions, said an official release of …
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Aftab Maken ISLAMABAD: Pakistan has encountered a significant economic challenge at the start of the new fiscal year, with its trade deficit recording a worrying increase in July 2025. According to the latest figures released by the Pakistan Bureau of Statistics (PBS), the trade deficit for the first month of …
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Aftab Maken ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet, chaired virtually by Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb, convened on Monday to review and approve key economic proposals, including an electric vehicle subsidy scheme, a technical supplementary grant (TSG) for the Telegraphic Transfer Charges Incentive …
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Aftab Maken ISLAMABAD: While a recent government report heralds a period of remarkable economic recovery for Pakistan, a closer look at the data reveals some underlying challenges that could temper the celebratory mood. The July 2025 “Economic Update” from the Finance Division, while celebrating a historic current account surplus and …
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Aftab Maken ISLAMABAD: Despite a year marked by significant financial resilience and growth in its Islamic banking arm, the National Bank of Pakistan (NBP) is facing increasing scrutiny over its strategic direction, particularly its reduced focus on private sector credit and persistent governance shortcomings. While the bank’s 2024 business plan …
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Aftab Maken ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb on Wednesday chaired a high-level meeting of the committee tasked by the Prime Minister to oversee the closure and privatization of the Utility Stores Corporation (USC). The meeting, held at the Finance Division, focused on ensuring a smooth and transparent wind-up process, …
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Aftab Maken ISLAMABAD: The Finance Division has announced a significant revision in the prices of petroleum products, effective from July 16, 2025. The decision, outlined in a press release issued today, comes following recommendations from the Oil and Gas Regulatory Authority (OGRA) and other relevant ministries. This move is expected …
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Aftab Maken ISLAMABAD: Pakistan’s economy demonstrated notable signs of recovery in fiscal year 2025, driven by strong macroeconomic fundamentals, declining inflation, and a solid current account surplus. The Ministry of Finance’s latest Monthly Economic Update & Outlook reported a real GDP growth of 2.68%, closely aligned with the government’s projection …
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Aftab Maken ISLAMABAD: The Ministry of Finance has finalized a syndicated term finance facility of USD 1 billion. The landmark financing agreement, backed partially by a Policy-Based Guarantee from the Asian Development Bank (ADB), comes under ADB’s flagship reform program titled “Improved Resource Mobilization & Utilisation Reform”, aimed at enhancing …
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