Aftab Maken ISLAMABAD: The Federal Board of Revenue (FBR) is proposing stringent measures, including requiring FBR approval for future stock market investments by all, and outright barring non-filers from stock market participation. These proposals, discussed during a recent meeting of the Senate Standing Committee on Finance chaired by Senator Saleem …
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Aftab Maken ISLAMABAD: The Asian Development Bank (ADB) on Monday approved a comprehensive $800 million package aimed at strengthening fiscal sustainability and enhancing public financial management in the country, said an official release of the ADB. The support comes under the Improved Resource Mobilization and Utilization Reform Program (Subprogram 2) …
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Aftab Maken ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet was held on Monday under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, during which the Cabinet body approved significant technical supplementary grants (TSGs) for various ministries and divisions and endorsed several …
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Aftab Maken ISLAMABAD: The federal government has taken a major step towards regulating digital assets and blockchain technologies in Pakistan, as Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, chaired a high-level meeting of the Pakistan Crypto Council (PCC) at the Finance Division on Monday. The meeting focused on …
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Aftab Maken Islamabad: The Federal Board of Revenue (FBR) is facing an escalating crisis, reporting a massive revenue shortfall of Rs 1,027 billion during the first eleven months (July 2024 to May 2025) of the current fiscal year. This alarming gap, which includes a Rs 206 billion deficit in May …
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Pakistan’s formal negotiations on US Reciprocal tariffs kick-started between Muhammad Aurangzeb, Pakistan’s Finance Minister and Ambassador Jamieson Greer, United States Trade Representative through a telephonic/conference call on Friday. The two sides exchanged their view point through a constructive engagement with the understanding that technical level detailed discussions would follow in …
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Aftab Maken ISLAMABAD: Pakistan’s economy is demonstrating clear signs of stabilization and recovery. This positive assessment comes on the back of significantly improved fiscal performance, a notable current account surplus, and a dramatic decline in inflation – developments that collectively point toward a more stable macroeconomic environment as the fiscal …
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Aftab Maken Islamabad The Pakistani government has reiterated its stance that cryptocurrency remains banned in the country, telling the National Assembly’s Standing Committee on Finance that comprehensive regulations are essential before any legalization can be considered. The announcement came during a tense committee session where lawmakers voiced urgent concerns over …
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Aftab Maken ISLAMABAD In a significant policy shift aimed at monetising surplus electricity and drawing foreign investment, the federal government has earmarked 2,000 megawatts (MW) of power in the first phase of a national plan to support Bitcoin mining and Artificial Intelligence (AI) data centres. The initiative, led by the …
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Pakistan and the International Monetary Fund (IMF) have not yet reached a complete consensus on the budget targets for the upcoming fiscal year. However, the IMF has announced that negotiations on the new fiscal year’s budget will continue. An IMF mission, led by Mr. Nathan Porter, concluded its staff visit …
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