Finance Minister Muhammad Aurangzeb is heading to Washington to finalize a staff-level agreement (SLA) with the International Monetary Fund (IMF). He said recent talks with the IMF were “very constructive” and that remaining issues are not deal-breakers. He will attend the IMF and World Bank Annual Meetings from October 13 to 18, joined by the […]
Finance Minister Muhammad Aurangzeb
Pakistan Likely to Secure $1bn IMF Tranche Despite Revenue Slippages
Pakistan is expected to secure the $1bn IMF tranche 2025 despite missing some revenue and fiscal targets. Technical-level talks with the International Monetary Fund (IMF) have concluded, and policy-level discussions will begin Monday. The disbursement of the tranche under the Extended Fund Facility (EFF) depends on a few waivers, with Finance Minister Muhammad Aurangzeb expected […]
Climate, population threaten Pakistan’s growth: Finance Minister
ISLAMABAD – Finance Minister Muhammad Aurangzeb has warned that climate change and rapid population growth pose serious challenges to Pakistan’s long-term development. Speaking at the Pakistan Business Summit, he said these issues directly affect the country’s productivity and global reputation. He also highlighted how poverty and poor child development worsen the situation. According to him, […]
Finance Minister rules out mini-budget amid IMF review talks
Finance Minister Muhammad Aurangzeb on Wednesday ruled out the possibility of a mini-budget, saying no new taxes are planned. He assured that no additional revenue measures are under consideration despite shortfalls in the first quarter. The minister stressed that Pakistan remains committed to its tax-to-GDP target of 11 percent under the IMF program. READ MORE:Trump […]
No new taxes, IMF talks on track: Finance Minister Aurangzeb
Finance Minister Muhammad Aurangzeb has confirmed that ongoing talks with the International Monetary Fund (IMF) are moving in the right direction. Addressing the Senate’s Finance Committee, he assured that the government is not planning to impose any additional taxes during the current review process. Aurangzeb stated that discussions with the IMF so far have been […]
Pakistan courts US investors as ties warm up, Bloomberg reports
Pakistan is gearing up to attract American investors with a planned investor conference in Washington later this month. Finance Minister Muhammad Aurangzeb told Bloomberg that the government has identified clear sectors for investment and is actively kick-starting engagement with the US. Recent improvements in Pakistan-US relations have paved the way for enhanced economic cooperation. The […]
World Bank Chief: Pakistan’s reforms are on the right track
Prime Minister Shehbaz Sharif met with World Bank President Ajay Banga in New York during the UN General Assembly session. Deputy Prime Minister Ishaq Dar, Finance Minister Muhammad Aurangzeb, and Information Minister Atta Tarar also attended the meeting. The two sides discussed Pakistan’s economic reforms and future cooperation. PM Shehbaz briefed Ajay Banga on the […]
Pakistan eyes $250M with first Panda bonds
Pakistan is preparing to issue its first Panda bonds before December 2025, aiming to raise $250 million through yuan-denominated debt. The bonds will be placed privately on China’s national interbank market and made available to qualified institutional investors. This marks Pakistan’s entry into the Chinese bond market for the first time. The Panda bond will […]
Govt Moves to Stop Wheat Price Speculation
The government has launched a crackdown on wheat price speculation to prevent artificial hikes and protect consumers. Finance Minister Muhammad Aurangzeb issued the directive while chairing a high-level inflation monitoring committee in Islamabad. The body reviewed food stock levels and inflation pressures, with a focus on wheat price stability. Officials assured that wheat supplies are […]
Aurangzeb assures inflation control as government tackles flood crisis
Finance Minister Muhammad Aurangzeb said inflation will stay under control despite the ongoing flood emergency. He credited falling oil prices for easing imported inflation. The minister shared this outlook during a meeting with the Pakistan Business Council (PBC). The delegation was led by CEO Javed Kureishi and Chairperson Dr. Zeelaf Munir. Aurangzeb discussed the government’s […]