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.
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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 key figures from both Pakistan and Denmark.
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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%.
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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, and a recent policy rate cut.
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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.
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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.
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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.
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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.
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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.
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Economy Unsustainable at Single-Digit Tax Ratio: Aurangzeb
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reiterated the pressing need for digitization and broadening the tax base, emphasizing that a tax to GDP ratio below 10 percent is unsustainable for managing Pakistan’s economy.
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