Dec 4

Aurangzeb for Market-Driven Financing to Bridge Housing Gap

Islamabad, December 4, 2024 – Finance Minister Muhammad Aurangzeb reiterated the government’s commitment to modernizing the housing sector without returning to directed lending, a practice he described as harmful due to its long-term economic distortions. Speaking at the International Affordable, Green & Resilient Housing Conference, the minister emphasized the need for creating mechanisms that incentivize […]

by Mrs. Anjum Shahnawaz

Aurangzeb Directs CCP to Expedite Action Against Cartelization

Dec 3

Finance

Aurangzeb Directs CCP to Expedite Action Against Cartelization

Islamabad, December 3, 2024 – The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has instructed the Competition Commission of Pakistan (CCP) to expedite its investigations into cartelization and collusive practices, emphasizing the government’s unwavering commitment to fostering competition and disciplining markets.

by Mrs. Anjum Shahnawaz

Aurangzeb Welcomes APM Terminals Investment in Pakistan

Nov 11

Finance, Ports and Shipping

Aurangzeb Welcomes APM Terminals Investment in Pakistan

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, expressed a warm welcome on Monday to APM Terminals commitment to invest in Pakistan, emphasizing the government’s support to ensure a level-playing and investment-friendly environment for the company. Senator Aurangzeb met with Keith Svendsen, Chief Executive Officer (CEO) of APM Terminals, in a meeting also attended […]

by Hamza Shahnawaz

Aurangzeb Aims to Tax Real Estate, Retailers and Agriculture

Nov 9

Finance, Taxation, Top stories

Aurangzeb Aims to Tax Real Estate, Retailers and Agriculture

Finance Minister Mohammad Aurangzeb has emphasized that it’s time to include the real estate, retail, and agriculture sectors in Pakistan’s tax system. He stated that the government could no longer rely solely on taxes from salaried workers and manufacturers, whose tax rates already reach up to 50%.

by Mrs. Anjum Shahnawaz

Pakistan on Path to Economic Stability, Says Aurangzeb

Nov 7

Finance, Top stories

Pakistan on Path to Economic Stability, Says Aurangzeb

The economic trajectory of Pakistan is firmly on course for stabilization, attributed to the government’s prudent policies, asserted Finance Minister Muhammad Aurangzeb. Addressing the 8th edition of the Future Summit in Karachi, the Finance Minister highlighted several indicators pointing toward an economic upturn, including a narrowed current account deficit, robust remittance inflows, a fortified rupee, […]

by Shahnawaz Akhter

Pakistan Aims to Launch Panda Bond in Chinese Market

Oct 27

Finance, Top stories

Pakistan Aims to Launch Panda Bond in Chinese Market

Pakistan is exploring new avenues for financing by targeting the Chinese market for its inaugural Panda bond issuance. Finance Minister Muhammad Aurangzeb revealed this intention during a recent meeting with China’s Vice Minister of Finance, Liao Min, on the sidelines of the World Bank Group (WBG) and International Monetary Fund (IMF) annual meetings in Washington.

by Mrs. Anjum Shahnawaz

Aurangzeb Says Rs190Bn Economic Loss from Single-Day Protest

Oct 8

Finance, Top stories

Aurangzeb Says Rs190Bn Economic Loss from Single-Day Protest

Islamabad, October 8, 2024 – Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, announced on Tuesday that a single-day nationwide protest could inflict a staggering Rs 190 billion loss to Pakistan’s economy.

by Mrs. Anjum Shahnawaz

Pakistan’s Economy Demands Radical Overhaul: Aurangzeb

Sep 29

Finance, Top stories

Pakistan’s Economy Demands Radical Overhaul: Aurangzeb

Islamabad, September 29, 2024 – Pakistan’s Finance Minister, Muhammad Aurangzeb, emphasized on Sunday that the nation’s economy requires profound structural reforms to ensure the newly negotiated International Monetary Fund (IMF) agreement becomes Pakistan’s final reliance on external financial assistance.

by Mrs. Anjum Shahnawaz

Aurangzeb Pledges to Enroll All Traders in Tax Net

Jul 7

Taxation, Top stories

Aurangzeb Pledges to Enroll All Traders in Tax Net

Finance Minister Senator Muhammad Aurangzeb reaffirmed on Saturday the government’s commitment to bring all traders into the tax net, underscoring that no exceptions would be made.

by Mrs. Anjum Shahnawaz

Aurangzeb Outlines Revenue Boost and Expenditure Cut Measures

Jun 18

Finance, Top stories

Aurangzeb Outlines Revenue Boost and Expenditure Cut Measures

Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, outlined a two-pronged strategy to bolster the national economy during a press conference today. The plan emphasizes increased revenue generation alongside significant expenditure reductions to achieve sustainable economic growth.

by Mrs. Anjum Shahnawaz