Tags : Muhammad Aurangzeb
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has expressed optimism about Pakistan’s economic progress, citing significant improvements in macroeconomic stability over the past 12-14 months. Key Achievements Aurangzeb attributed these gains to the government’s efforts to facilitate the private sector, rather than doing business itself. He welcomed Saudi Arabian delegates to promote trade […]Read More
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
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
Finance Minister Muhammad Aurangzeb conducted a meeting with Citibank officials in Washington DC, where he elaborated on Pakistan’s positive economic indicators. These include a flourishing stock market, renewed interest from foreign buyers, and increased institutional flows, all backed by the Stand-by Arrangement (SBA) signed with the International Monetary Fund (IMF). Aurangzeb highlighted Pakistan’s timely repayment […]Read More
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
Pakistan’s Finance Minister Meets with World Bank and IFC Representatives to Boost Development Initiatives In a bid to foster economic growth and sustainable development, Muhammad Aurangzeb, the Minister for Finance and Revenue, held discussions with Najy Benhassine, Country Director of the World Bank, and Zeeshan Ahmed Sheikh, Country Manager of the International Finance Corporation (IFC). […]Read More
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, 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
