Tag Archives: Finance MInistry

According to the Asian Development Bank (ADB), Pakistan’s economic growth rate is expected to remain at 2.5% in the fiscal year 2025. ADB report further said, it was noted that the growth rate could rise to 3% in the fiscal year 2026. The country’s economic situation has shown signs of …

Federal Finance Minister Muhammad Aurangzeb, during a press conference in Islamabad, stated that the IMF delegation visiting Pakistan will not engage in discussions regarding the budget. He emphasized that a significant reduction in the interest rate has already taken place, and in his view, there is still room for further …

The monthly inflation rate in March has remained below one percent, while the trade deficit recorded an increase, said an official data released by Pakistan Bureau of Statistics on Thursday. During the first nine months of the current fiscal year, both exports and imports saw a rise alongside the growing …

The Ministry of Finance has advertised some of the posts to operationalize the Tax Policy Office (TPO) in response to the IMF’s requirements, taking a significant step forward by advertising key positions for recruitment. The office will see the appointment of a director general alongside five directors. The Director General …

Federal Finance Minister Muhammad Aurangzeb informed the National Assembly that no proposal is currently under consideration to increase the salaries of government employees in the upcoming financial year. However, within a few hours of submitting a written response in the parliamentary session, the Finance Ministry retracted its statement. Issuing a …

Pakistan has received significant financial relief as China has agreed to extend the repayment period of a $2 billion loan by one year, the country’s finance ministry confirmed on Saturday. Originally due for repayment on March 24, experts believe that the loan deferment aims to support Pakistan’s economic stability and …

The negotiations between the Government of Pakistan and the International Monetary Fund (IMF) have entered their fourth consecutive day, with discussions intensifying over critical financial measures. Among the key considerations is the inclusion of retailers, property owners, and agricultural income within the tax net. Additionally, the government is contemplating stringent …

The International Monetary Fund (IMF) has called on the government of Pakistan to swiftly implement reform measures aimed at reducing expenditures. In a recent meeting with the Cabinet Division, the Ministry of Finance, and the Cabinet Secretary, discussions focused on rightsizing various government departments to streamline expenses. The IMF emphasized …

The Public Accounts Committee (PAC) has expressed dissatisfaction with the system of foreign loan repayments and interest payments. During a recent meeting, PAC Chairman Junaid Akbar voiced his frustration over the absence of the Finance Secretary, directing him to attend the next session following negotiations with the IMF delegation. The …

The review talks between Pakistan and the International Monetary Fund (IMF) have commenced, focusing on the $7 billion loan program. These discussions, which are the first review under this agreement, will take place in two phases. The initial phase will consist of technical-level talks, during which Pakistan and the IMF …