Finance Minister Aurangzeb leaves for US to attend IMF, WB sessions
- 11-Oct-2025
ISLAMABAD: Finance Minister Muhammad Aurangzeb has departed for Washington to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank. Aurangzeb will represent Pakistan in crucial IMF and WB plenary sessions. During his visit, Finance Minister Aurangzeb will hold meetings with the IMF, World Bank, IFC top officials. He will also […]
India approves tax cuts for hundreds of consumer items to spur demand
- 04-Sep-2025
NEW DELHI: India’s Finance Minister Nirmala Sitharaman on Wednesday announced tax cuts on hundreds of consumer items ranging from soaps to small cars to spur domestic demand in the face of economic headwinds from punishing U.S. tariffs. The goods and services tax panel approved lowering taxes on everyday items and simplifying their structure, the Indian […]
Finance Minister departs for US to finalize trade dialogue
- 29-Jul-2025
ISLAMABAD: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, departed for the United States (U.S.) on Monday to conclude the Pakistan-U.S. Trade Dialogue, a significant step in strengthening bilateral economic ties. During the visit, final discussions will be held on a prospective trade agreement aimed at enhancing the economic relations between the two countries. […]
Solar panels’ tax reduced from 18% to 10%: Finance Minister
- 21-Jun-2025
Islamabad: Finance Minister Muhammad Aurangzeb on Saturday announced a reduction in sales tax on solar panels from 18 percent to 10 percent. Winding up the discussion on the Finance Bill 2025-26 in the Senate, he said the government exercised fiscal discipline, curbed inflation, enhanced foreign exchange reserves, and improved the current account during the outgoing […]
PM relief package for small farmers on the cards
- 22-May-2025
ISLAMABAD: The government is working over a relief package for nine million small farmers of the country, which likely to be announced in the next financial year’s budget, sources said. Prime Minister Shehbaz Sharif has issued instructions for a loan scheme for small farmers in the upcoming budget, according to sources. Finance Minister Muhammad Aurangzeb […]
Sukkur-Hyderabad-Karachi motorway to be completed at all costs: FinMin Aurangzeb
- 15-May-2025
ISLAMABAD: Finance Minister Muhammad Aurangzeb on Thursday assured the National Assembly that the Sukkur-Hyderabad-Karachi Motorway is essential for Pakistan’s economic connectivity and will be completed at all costs, ARY News reported. Responding to concerns raised by lawmakers, the minister said the project has been prioritized and will move forward with funding either through foreign sources […]
FinMin Aurangzeb leaves for US to attend IMF meeting
- 19-Apr-2025
ISLAMABAD: Finance Minister Senator Muhammad Aurangzeb has left for the United States to attend the World Bank Group and IMF Spring Meetings 2025. These meetings will commence on Monday and continue till 26th April. During the visit, the finance minister will hold meetings with senior officials of World Bank, International Monetary Fund, global credit rating […]
Pakistani delegation to engage with US on 29% tariff
- 05-Apr-2025
ISLAMABAD: Pakistan’s Finance Minister, Muhammad Aurangzeb, has announced the formation of a high-level delegation to engage in discussions with the United States following the imposition of U.S. tariffs. The delegation aims to address the impact of U.S. tariffs on Pakistan by negotiating trade solutions. During a press conference, Finance Minister Aurangzeb revealed that a steering […]
FinMin says cabinet okayed abolishing 150,000 posts across ministries
- 07-Jan-2025
ISLAMABAD: The federal government decided to abolish around 150,000 posts across various ministries in a move aimed at reducing federal expenditures, Finance Minister Muhammad Aurangzeb said. Addressing a presser in Islamabad, the finance minister said that the federal cabinet approved a proposal to abolish approximately 60 percent of vacant positions across ministries. He said that […]
Govt determined to make economic system Sharia-compliant: Aurangzeb
- 12-Dec-2024
ISLAMABAD: Finance Minister Muhammad Aurangzeb has said that the government has been determined to transform the economic system and makes it Sharia compliant. In a virtual address to Islamic Capital Market Conference, Aurangzeb said that the country’s economic stability moving to the right direction. Finance Minister said that Pakistan has been capable to emerge as […]