Listen to article ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday unveiled a Rs17.6 trillion budget, which attempted to limit fiscal expansion but taxation measures were clearly self-contradictory that on one hand would promote cash economy and fossil fuels but discourage these too on the other. The government of Prime Minister Shehbaz Sharif …
Presenting the budgetary proposals for the next fiscal year in the National Assembly on Tuesday evening, Minister for Finance and Revenue Muhammad Aurangzeb said this budget is a beginning of a strategy, crafted to promote competitive economy. This, he said, will bolster exports and foreign exchange reserves in order to …
This year’s budget, like last year’s, is widely considered to be crafted to align with the International Monetary Fund’s (IMF) requirements to secure another bailout, this time “larger and longer”. The finance minister thanked Prime Minister Shehbaz Sharif, his elder brother and PML-N leader Nawaz Sharif as well as various …
The strong 6.25pc expansion in the agriculture sector — said by the report to be the highest in 19 years — drove Pakistan’s GDP growth by an expected 2.38 per cent in FY2024, recovering from a contraction of 0.21 per cent in the previous year. The report said fiscal discipline …
Federal Finance Minister Muhammad Aurangzeb on Friday provided updates on the country’s economic recovery efforts, emphasizing the positive strides made in various sectors. Addressing an event at the Pakistan Stock Exchange, the minister revealed that the current account deficit had remained in surplus throughout February. He further stressed the pivotal …
Finance Minister Muhammad Aurangzeb said on Friday that the matter of an Extended Fund Facility (EFF) with the International Monetary Fund (IMF) will be discussed in Washington next month as the country looks to alleviate a full-scale economic crisis. The standby $3 billion arrangement with the global lender expires on …
Pakistan’s new Finance Minister Muhammad Aurangzeb has confirmed that the country will look to the International Monetary Fund for an Extended Fund Facility. He also said that the policy rate will come down as inflationary pressures ease. Speaking to media representatives for the first time since assuming office, Aurangzeb said …