Islamabad, February 5, 2025 – Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday conveyed his heartfelt condolences over the passing of His Highness Prince Karim Al-Hussaini Aga Khan IV.
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Pre-Budget 2025-26: Aurangzeb hints at single-digit interest rate
Islamabad, February 3, 2025 – In a promising development for Pakistan’s economy, Federal Finance Minister Muhammad Aurangzeb has suggested that the country’s policy interest rate could be reduced to a single-digit figure in the near future.
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Minister Aurangzeb Announces Major Shift in Tax Policy Control
Islamabad, January 28, 2025 – Finance Finance Minister Muhammad Aurangzeb on Tuesday announced a significant administrative shift aimed at streamlining tax administration and boosting revenue collection in Pakistan.
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Finance Minister Aurangzeb Hints at Shutting Down PASSCO
Islamabad, December 29, 2024 – Finance Minister Muhammad Aurangzeb has hinted at the possibility of shutting down the Pakistan Agricultural Storage and Services Corporation (PASSCO), as state media reported on Sunday. This announcement signals a major shift in government policy, as Aurangzeb emphasized the need for an alternative mechanism to maintain strategic reserves, potentially involving the private sector.
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Aurangzeb Shares Tax Transformation Vision with Coca-Cola CEO
Islamabad, December 20, 2024 – Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb reaffirmed the government’s determination to overhaul Pakistan’s tax system, aiming to create a more efficient and equitable taxation structure.
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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 the private sector, particularly banks and microfinance institutions, to take the lead in providing accessible housing finance.
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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.
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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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