29 stories found
International Monetary Fund (IMF) Managing Director Kristalina Georgieva met with Pakistan's Finance Minister Muhammad Aurangzeb and praised the country's continued progress on economic reforms and resulting macroeconomic stability under the Fund's program.
Pakistan's Finance Minister Aurangzeb has called for a review of the IMF surcharge, highlighting the impact of the Middle East supply shock at a G-24 meeting and reaffirming commitment to reforms.
Pakistan's Finance Minister Muhammad Aurangzeb met with World Bank Vice President Jorge Familiar Calderon, requesting enhanced technical support and training for the country's Debt Management Office.
Several US Warships Reportedly Transit Strait Of Hormuz As Pakistan Talks Led By Vance Start With Indirect Format Summary: Axios reporting that 'several' US Navy warships crossed…
A US forum has presented tax reform proposals to Pakistan's Finance Minister Aurangzeb, with the pharma sector seeking $5 billion in exports without subsidies and IT firms requesting foreign exchange retention.
Pakistan's Finance Minister Aurangzeb has assured full support to the Khyber Pakhtunkhwa (K-P) Chief Minister for resolving legitimate economic and financial issues faced by the province.
The Pakistani government is working to reassure the public about fuel supply stability, with Aurangzeb stating that efforts are being made to minimize the burden on citizens through tightened monitoring and curbing hoarding.
Pakistan's Finance Minister Muhammad Aurangzeb emphasized the need for a more balanced financial system where capital markets complement the banking sector to meet the economy's financing needs.
Pakistan's Finance Minister Muhammad Aurangzeb has cautioned over oil stocks due to global uncertainty stemming from the US-Israel and Iran war, but stated there is no emergency-like situation in the country.
• Accuses PTI of running vilification campaign on social and mainstream media • Political leaders ask provincial govt to come clean on ‘extravagance’ LAHORE: Punjab Senior Minister Marriyum Aurangzeb strongly condemned PTI activists and others for running a vilification campaign against Chief Minister Maryam Nawaz over the Punjab government’s decision to acquire a luxury jet. CM Maryam has faced severe criticism from the opposition and some journalists regarding the government’s purchase of a...
Pakistan's Finance Minister Muhammad Aurangzeb stated that the country is closely monitoring the Middle East situation, warning that a prolonged conflict involving Iran would have serious financial consequences for Pakistan and the global economy.
Pakistan's finance minister stated the country is committed to repaying a $3 billion loan from the UAE and is exploring all options to either replace the funding or manage the repayment. The government is also considering establishing a strategic fuel reserve.
The World Bank has reduced its global growth expectations, while the International Monetary Fund (IMF) is cautioning about strengthening inflation. Finance ministers and central bank governors are set to convene next week in Washington for the IMF's spring session.
A government has announced the withdrawal of blanket fuel subsidies, causing petrol prices to rise by Rs137 to Rs458 per litre and diesel by Rs184 to Rs520. The move also includes an increase in petroleum levy on petrol and a cap on biker subsidies.
Pakistan's Prime Minister Shehbaz Sharif has reaffirmed the government's support for digital investment, as the VEON Group, a telecommunications and digital services company, looks to expand its operations in the country.
Aurangzeb stated that the government will move towards targeted relief in light of Middle East hostilities.
Pakistan's finance ministry announced on Wednesday that the country's fuel supply remains stable despite ongoing volatility in global oil markets, following a meeting chaired by Finance Minister Muhammad Aurangzeb.
The government’s 5G spectrum auction is underway in Islamabad, as Finance Minister Muhammad Aurangzeb and IT Minister Shaza Fatima Khawaja delivered speeches to open the event. During a background briefing held on Monday, Shaza Fatima, the Minister of IT and Telecom, stated that efforts have been made to ensure that all three stakeholders benefit from the spectrum auction. She added that mock exercises with all three participants — Jazz, Zong, and Ufone — have been completed. Telecom companie...
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Pakistan's Finance Minister Muhammad Aurangzeb warns that a surging population threatens economic growth and job creation, emphasizing the private sector's role in employment.
Finance ministers and central bank governors gathered in Washington D.C. for the annual Spring Meetings of the IMF and World Bank Group. Discussions focused on global economic challenges, including revised growth forecasts, geopolitical impacts, and specific country cooperation programs.
Pakistan's Finance Minister Aurangzeb stated that all funding options are on the table and strategic fuel reserves are under consideration.
• Support aimed at easing pressure on foreign exchange reserves • Islamabad preparing to repay $3.5bn UAE debt this month • Finance Minister Aurangzeb departs for IMF-World Bank Spring Meetings •…
Pakistan's Finance Minister Muhammad Aurangzeb and Petroleum Minister Ali Pervaiz Malik are currently addressing a joint press conference, with Malik expressing gratitude to President Asif Zardari and provincial chief ministers.
Justice Miangul Hassan Aurangzeb of the Supreme Court of Pakistan observed that defamation cases should typically be decided within six months, in the context of a Rs10bn case against Imran Khan.
Pakistan's Finance Minister Aurangzeb announced a targeted relief package for deserving segments, including the government absorbing a Rs69 billion burden on petroleum products to minimize public impact.
Pakistan's Finance Minister Aurangzeb stated that fuel prices are rising and the government will try to manage the situation, sending mixed signals regarding a potential fuel price hike.
FM Dar, Finance Minister Muhammad Aurangzeb announce policy changes in light of Mideast conflict
Marriyum Aurangzeb, a Pakistani politician, addressed the Pakistan Governance Forum, emphasizing challenges related to the NFC Award and advocating for tax base expansion and a permanent NFC secretariat.