Islamabad, May 8, 2024 – In a meeting held on Wednesday, Pakistan has made a strong appeal to the World Bank to broaden its development activities in the country by incorporating innovative financing mechanisms and boosting private sector engagement.
(more…)Tag: finance ministry
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Pakistan’s Fiscal Deficit Swells 27% to Rs 3.9 Trillion in 9MFY24
Karachi, May 2, 2024 – Pakistan’s fiscal landscape has shown significant volatility, as the nation’s fiscal deficit expanded by 27% year-on-year (YoY), reaching Rs 3.9 trillion in the first nine months of the fiscal year 2023-24, data from the Ministry of Finance revealed.
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Pakistan Discusses Reforms with Global Rating Agencies
In a crucial meeting held on Saturday, Finance Minister of Pakistan Muhammad Aurangzeb engaged with representatives from two of the world’s leading credit rating agencies, S&P Global and Fitch Ratings.
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Former HBL CEO Assumes Role as Pakistan’s Finance Minister
Islamabad, March 12, 2024: Muhammad Aurangzeb, the former Chief Executive Officer (CEO) of Habib Bank Limited (HBL), has officially assumed the role of Pakistan’s Finance Minister.
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Pakistan’s GDP Growth Turns Positive after Two Straight Negatives
Islamabad, February 29, 2024 – Pakistan’s Gross Domestic Product (GDP) has bounced back into positive territory, registering a growth of 2.1% in the first quarter of the fiscal year 2023-24, according to a report released by the Ministry of Finance on Thursday.
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Pakistan Bans Vehicle Purchases Under Austerity Measures
Islamabad, February 28, 2024 – In a bid to ensure prudent utilization of public funds, Pakistan has announced a series of austerity measures for the fiscal year 2023-24.
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Pakistan’s Budget Deficit Widens to 2.3% in 1HFY24
Karachi, January 29, 2024 – The Ministry of Finance in Pakistan has announced that the budget deficit for the first half of the fiscal year 2023-24 (July to December) has expanded to 2.3% of the Gross Domestic Product (GDP).
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Finance Ministry Refutes Reports of Delay in Salaries
Islamabad, December 23, 2023 – The Ministry of Finance in Pakistan has vehemently denied recent reports suggesting delays in the disbursement of government employee salaries and the release of funds for crucial development projects.
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Pakistan Grants Early Salary Payment for Christmas Festivities
Islamabad, December 15, 2023 – In a gesture of goodwill and inclusivity, the Pakistan government has announced the early disbursement of salaries for the month of December 2023 to the Christian community, allowing them to celebrate Christmas with financial ease and joy.
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Pakistan Aims to Eliminate Tax Exemptions for Fiscal Sustainability
Islamabad, October 31, 2023 – In a bid to achieve long-term fiscal sustainability, Pakistan has set its sights on eliminating tax exemptions.
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