Finance Minister Muhammad Aurangzeb has approved a major new scheme to support the construction of affordable homes nationwide. The decision was made during a recent Economic Coordination Committee (ECC) meeting, which Aurangzeb chaired. This scheme aims to address the country’s housing shortage and make homeownership possible for low- and middle-income families. The government will provide […]
Finance Minister
Fuel prices to spike june 16 as govt sets up watchdog committee
The government announced that petrol and diesel prices will rise starting June 16 due to a sharp surge in global oil prices. This increase follows recent missile exchanges between Israel and Iran, which have unsettled oil markets worldwide. The ex-depot price of high-speed diesel (HSD) may increase by about Rs 5 per litre, affecting transport […]
National assembly session begins, finance minister presents budget 2025-26
The National Assembly started its session today, with the Finance Minister presenting the budget for 2025-26. Despite protests from opposition members, the session began on schedule under the leadership of Speaker Ayaz Sadiq. Prime Minister Shehbaz Sharif has already arrived at the assembly to witness the proceedings. The government aims to demonstrate strength and unity, […]
Areas with unpaid electricity bills to face continued load shedding: Finance minister
Finance Minister Muhammad Aurangzeb has announced that load shedding will continue in areas where electricity bills are not paid. He made this statement while answering questions after the Economic Survey press conference held in Islamabad. He emphasized that electricity supply cannot be guaranteed in places where consumers fail to pay for the service. He further […]
Finance minister granted power to approve budget honorariums for govt employees
The Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, approved a new policy giving the Finance Minister discretionary powers to grant budget honorariums to government employees. This applies mainly to employees in economic ministries, parliament, and the Prime Minister’s Office. The policy removes any upper limit on the number of budget honorariums the […]
US tariffs pose no major threat to Pakistan’s economy, says finance minister
Finance Minister Muhammad Aurangzeb has assured the business community that the recent US tariff developments are manageable for Pakistan. Speaking during a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), he expressed confidence that Pakistan’s economic ties with the US remain stable and constructive despite global uncertainties. He highlighted that Pakistan’s […]
Pakistan’s finance minister confident of current account surplus in FY25
Pakistan’s current account will remain in surplus throughout fiscal year 2024–25, Finance Minister Muhammad Aurangzeb confirmed. He shared this outlook at a pre-budget seminar in Karachi. This statement differs slightly from the more cautious forecast by the State Bank of Pakistan. However, Aurangzeb remains optimistic about the economy’s direction. The Finance Minister projected that the […]
Finance minister Aurangzeb heads to the US for key meetings
Finance Minister Mohammad Aurangzeb has left for the United States to attend meetings. He will participate in the World Bank Group and IMF Spring Meetings scheduled from April 21 to April 26. During his visit, he aims to strengthen Pakistan’s economic ties with global partners. While in the U.S., Aurangzeb will meet Treasury and State […]
Finance minister explores economic opportunities as inflation falls in Pakistan
During a recent address at the Lahore Chamber of Commerce, Pakistan’s Finance Minister, Muhammad Aurangzeb, emphasized encouraging developments in the economy. He pointed out that inflation is decreasing, which is a good sign for economic stabilization. Aurangzeb attributed this progress to recent policy decisions aimed at restoring confidence among investors and traders. He emphasized that […]
Pakistan introduces tax reforms and economic growth plans: Finance Minister’s key updates
Finance Minister Mohammad Aurangzeb announced that salaried citizens in Pakistan will soon be able to file taxes from home. The new system eliminates the need for lawyers and aims to simplify tax procedures. He emphasized the government’s focus on reducing human involvement and using technology for a transparent tax system. This step is part of […]