Muhammad Aurangzeb reviews eight-wave restructuring process, urging measurable savings, stronger efficiency and time-bound implementation.
(more…)Tag: Ministry of Finance
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Pakistan increases pensions of federal government officers by 7%
Finance Ministry announces 7% pension increase for retired civil and military personnel effective July 1, 2026
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Government sets diyat at Rs19.35 million for FY2026-27
Finance Ministry fixes compensation value based on 30,630 grams of silver under Pakistan Penal Code
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Aurangzeb unveils fresh reforms to modernise FBR tax administration
Muhammad Aurangzeb urges FBR officers to leverage artificial intelligence as government accelerates tax reforms
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Pakistan approves 15% disparity reduction allowance for employees from July 2026
Federal government announces continuation of Disparity Reduction Allowance at 15% of basic pay for eligible employees in BPS-1 to BPS-22.
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Pakistan Empowers Tax Policy Office to Draft Budget 2026-27
ISLAMABAD: Pakistan has formally empowered the Tax Policy Office (TPO) to prepare tax proposals for the federal budget 2026-27 after amending the Rules of Business, 1973, in a move aimed at streamlining fiscal policymaking and strengthening institutional oversight.
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Aurangzeb Attracts Foreign Investors to Explore Opportunities
Islamabad, September 4, 2024 – In a bid to bolster foreign investments in Pakistan, Finance Minister Senator Muhammad Aurangzeb held a strategic meeting with a delegation of international investors. The delegation, led by Chief Executive Officer (CEO) of J.P. Morgan Pakistan, Amin Mohammad Khowaja, aimed to explore fixed-income investment opportunities in the country’s burgeoning economy.
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Finance Ministry Projects Inflation Easing; Outlook Improves
Karachi, August 30, 2024 – The Finance Ministry has projected a decline in Pakistan’s headline inflation, forecasting it to fall within the range of 9.5-10.5% for August 2024. This trend is expected to continue, with inflation anticipated to ease further to 9-10% by September 2024.
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Aurangzeb Highlights Economic Milestones with Chinese Envoy
Islamabad, August 9, 2024 – Federal Minister for Finance and Revenue, Muhammad Aurangzeb, on Friday underscored the recent positive developments in Pakistan’s economic landscape during a meeting with Shi Yuanqiang, Chargé d’Affaires of the Embassy of the People’s Republic of China, and other embassy officials.
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Pakistan Jacks Up Minimum Wage to Monthly Rs 37,000
In a move aimed at providing relief to the lower income segment of society, Pakistan announced a significant increase in the minimum wage, raising it to Rs 37,000 per month.
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