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Power Sector Reforms: Finance Minister Reviews Progress

Power Sector Reforms: Finance Minister Reviews Progress

Web Desk September 11, 2024

Federal Minister for Finance, Senator Muhammad Aurangzeb, reviewed the structural reforms in the power sector to enhance efficiency and service delivery. Reorganizing Boards of Directors Aurangzeb highlighted the reforms, including reorganizing Disco boards by adding private sector specialists and reducing government representation. This will increase effectiveness and improve service quality. Meeting with K-Electric Chairman The […]Read More

Pakistan’s Macroeconomic Stability Recognized Globally

Pakistan’s Macroeconomic Stability Recognized Globally

Web Desk August 1, 2024

Minister for Finance, Muhammad Aurangzeb, hailed the recent reports by Fitch and the State Bank of Pakistan as a testament to Pakistan’s macroeconomic stability. A Step in the Right Direction Aurangzeb acknowledged the upgrade of Pakistan’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ by Fitch, citing the country’s staff-level agreement with the IMF. Economic […]Read More

Finance Minister: Boost Taxes or Stay IMF Dependent

Finance Minister: Boost Taxes or Stay IMF Dependent

Web Desk July 8, 2024

Finance Minister Muhammad Aurangzeb has warned that Pakistan will keep seeking financial assistance from the International Monetary Fund (IMF) if the government fails to significantly increase its taxes. Speaking to a UK publication, Aurangzeb expressed confidence about reaching a staff-level agreement with the IMF this month. The government expects a loan between $6-$8 billion. However, […]Read More

Pakistan Finance Minister Rejects “Plan B,” Emphasizes Commitment to IMF Program

Pakistan Finance Minister Rejects “Plan B,” Emphasizes Commitment to IMF

Web Desk April 24, 2024

Minister for Finance and Revenue Muhammad Aurangzeb has firmly dismissed the notion of having a “Plan B” and affirmed Pakistan’s commitment to pursuing a longer and larger IMF program to implement crucial structural reforms. Speaking at the inaugural session of the Leaders in Islamabad Business Summit 2024, organized by the Nutshell Group in collaboration with […]Read More

PM Approves Extra Salaries Amid Economic Woes

PM Approves Extra Salaries Amid Economic Woes

Web Desk April 6, 2024

Finance Minister Muhammad Aurangzeb has authorized the disbursement of four additional salaries as rewards for officers working in the Prime Minister’s office, just days before heading to Washington to seek a new bailout package from the International Monetary Fund (IMF) to prevent a default. This decision contradicts the government’s claims of austerity and comes amidst […]Read More

IMF mission arrives in Pakistan for review talks

IMF mission arrives in Pakistan for review talks

Web Desk March 14, 2024

The IMF mission arrived in Pakistan to review the $3 billion Stand-By Arrangement. Talks will commence after an introductory meeting with Finance Minister Muhammad Aurangzeb. Pakistan has met the IMF targets for the second review and won’t propose a new mini-budget. Islamabad will discuss the final tranche of $1.1 billion under the SBA program. Finance […]Read More

Muhammad Aurangzeb assumes the role of federal finance minister

Muhammad Aurangzeb assumes the role of federal finance minister

Web Desk March 12, 2024

Muhammad Aurangzeb, the newly appointed Federal Finance Minister, assumed his duties with a warm welcome from the Federal Secretary and senior officials. Upon taking charge, an introductory meeting convened at the Ministry of Finance, chaired by Muhammad Aurangzeb. During the session, the Finance Minister received a comprehensive briefing on the nation’s economic landscape. Discussions centered […]Read More

Bilawal on the next finance minister: “Anybody but Dar”

Bilawal on the next finance minister: “Anybody but Dar”

Web Desk January 22, 2024

In an interview with Absa Komal of private news channel, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari stated, “I think the whole nation has a unanimous consensus that anybody but (Ishaq) Dar (should be the finance minister).” Along with criticizing his political rivals, the former foreign minister claimed that the Sharifs were resentful and […]Read More

Finance Minister and senior tax officials clash on FBR restructuring

Finance Minister and senior tax officials clash on FBR restructuring

Web Desk January 20, 2024

ISLAMABAD: The tax officers have expressed strong opposition to the Federal Board of Revenue’s (FBR) proposed restructuring plan. They are concerned about the involvement of private individuals in the oversight boards of the FBR and the separation of duties and responsibilities between the Inland Revenue Service (IRS) and Customs. However, interim Finance Minister Dr. Shamshad […]Read More

Sartaj Aziz, a former finance minister, dies at age 94

Sartaj Aziz, a former finance minister, dies at age 94

Web Desk January 3, 2024

Senior leader of the Pakistan Muslim League-Nawaz (PML-N), Ahsan Iqbal, announced on Tuesday that Sartaj Aziz, the former finance minister, had died at the age of 94. “Mr. Sartaj Aziz is no longer with us. He was a valuable asset to the country and a veteran of the Pakistan movement. He will be sorely missed. […]Read More

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