Washington, D.C. — Pakistan and the International Monetary Fund (IMF) have agreed to keep pushing forward with economic reforms. This consensus came during Finance Minister Senator Muhammad Aurangzeb’s meeting with IMF Director Jihad Azour. The two met on the sidelines of the IMF and World Bank Annual Meetings. Both parties reviewed progress on the Extended […]
Finance Minister Senator Muhammad Aurangzeb
Pakistan, Germany eye stronger trade and investment
Finance Minister Senator Muhammad Aurangzeb met German Ambassador Anna Lippel on Monday to discuss ways of boosting economic cooperation, enhancing bilateral trade, and attracting new investments into Pakistan’s economy. The meeting focused on building stronger economic ties between the two countries, while highlighting Pakistan’s efforts to create an enabling environment for foreign businesses. Both sides […]
Strike suspended: Govt, traders reach agreement on section 37A
Traders across Pakistan have agreed to defer their planned nationwide strike for 30 days following successful talks with the federal government. The breakthrough came after the government promised to form a high-level committee to address concerns regarding Section 37A of the Finance Act 2025. Finance Minister Senator Muhammad Aurangzeb chaired the meeting in Islamabad, which […]
Aurangzeb leads charge to transform FBR into modern tax authority
Finance Minister Senator Muhammad Aurangzeb chaired an important meeting on Tuesday to speed up reforms in the Federal Board of Revenue (FBR). The meeting, held under the Cabinet Committee on Rightsizing, focused on transforming the FBR into a modern, transparent, and efficient tax body. Senior officials from various ministries, including the Power and Law Divisions, […]
Aurangzeb pushes for swift launch of PM’s fan replacement initiative
Finance Minister Senator Muhammad Aurangzeb has directed all departments to fast-track preparations for the Prime Minister’s Fan Replacement Program, which aims to replace traditional electric fans with energy-efficient models across the country. The program is expected to launch its first phase by the end of this month. Chairing a high-level meeting in Islamabad, the Finance […]
Finance bill 2025: Cabinet meeting called under PM Shehbaz’s leadership
The federal cabinet will hold a crucial meeting tomorrow (June 26, 2025) to review and approve the new Finance Amendment Bill for the upcoming fiscal year. The meeting will be chaired by Prime Minister Shehbaz Sharif and is scheduled to begin at 10:30 AM at the Parliament House in Islamabad. Finance Minister Senator Muhammad Aurangzeb […]
Pakistan raises Rs1.2 trillion through government bond auction
Islamabad: Pakistan has successfully raised over Rs1.2 trillion through a large-scale government bond auction, marking a major step in the country’s debt management and financial reform strategy. A significant portion of this amount—Rs47 billion—was collected through the launch of the country’s first-ever 15-year zero-coupon bond, which attracted strong demand from investors. Unlike traditional bonds, zero-coupon […]
Pakistan confirms $500m eurobond repayment, to launch first panda bond in Chinese Market
Finance Minister Senator Muhammad Aurangzeb confirmed on Wednesday that Pakistan is fully prepared to make its first $500 million Eurobond repayment due in September 2025, reaffirming the government’s commitment to meeting all external debt obligations on time. Speaking at the post-budget press conference in Islamabad, the minister stated that a second Eurobond installment, due in […]
Pakistan’s crypto revolution: Draft law brings digital assets closer to reality
ISLAMABAD – Pakistan is on the verge of regulating cryptocurrencies and digital assets, as the government reviews a comprehensive draft law aimed at setting the legal and operational framework for the sector. In a high-level meeting chaired by Finance Minister Senator Muhammad Aurangzeb, key stakeholders—including heads of the State Bank of Pakistan (SBP), Securities and […]
Aurangzeb reveals plans for Panda bonds to enhance Pakistan-China economic links
Finance Minister Senator Muhammad Aurangzeb revealed that Pakistan is considering issuing Panda Bonds in Yuan this year. This move aims to tap into China’s vast capital market, offering new financial opportunities. In an interview with Chinese media outlets, including CGTN and China Daily, Aurangzeb explained that while Pakistan has previously issued bonds in US dollars […]