ISLAMABAD: Finance Minister Muhammad Aurangzeb has sought China’s support for Pakistan’s membership in the BRICS New Development Bank (NDB) during a meeting with Chinese Deputy Finance Minister Liao Min in Washington. Federal Minister for Finance and Revenue, Mr. Muhammad Aurangzeb, met with Mr. Liao Min, Deputy Finance Minister of the People’s Republic of China, in […]
Finance Ministry
Pakistan Eyes IMF Staff-Level Agreement During Aurangzeb’s US Visit
ISLAMABAD: Authorities are optimistic about concluding a staff-level agreement (SLA) with the International Monetary Fund (IMF) during Finance Minister Muhammad Aurangzeb’s upcoming visit to the United States. The agreement hinges on consensus regarding Pakistan’s external account and the verification of flood-related losses and their fiscal distribution among federal and provincial accounts. Officials confirmed that the […]
September inflation at 3.5-4.5% despite floods: Finance Ministry
Pakistan’s finance ministry on Tuesday projected consumer inflation for September to remain in a 3.5-4.5% range, citing flood-related disruptions caused by recent floods. “Despite the disruption caused by recent floods, economic activity has remained broadly stable,” the Ministry of Finance said in its monthly outlook. “The rebound in large-scale manufacturing, supported by encouraging trends in […]
Pakistan’s US tariff deal boosts exports
The Finance Ministry announced that the new tariff agreement with the US will help boost Pakistan’s exports. The deal will lower tariffs on Pakistani goods entering the US market to 19 percent. This change aims to improve Pakistan’s trade flows and open new opportunities for various sectors. The ministry praised the US decision as balanced […]
Pakistan sees may inflation easing to 1.5%-2%, slight rise expected in june
ISLAMABAD: Pakistan’s Finance Ministry expects inflation to slow down significantly in May 2025, falling between 1.5% and 2% year-on-year, according to its latest monthly economic outlook report released on Thursday. This trend shows a sharp decline from last year’s double-digit inflation and reflects improving price stability in the country. The report comes after April’s Consumer […]
Finance ministry proposes 20% budget hike for BISP to support 10 million families
The Finance Ministry has proposed a 20% increase in the Benazir Income Support Programme (BISP) budget for the fiscal year 2025-26. If approved, the allocation will rise from Rs592.48 billion to Rs716 billion. This boost aims to raise quarterly cash transfers and maintain support for 10 million low-income households across Pakistan. Starting January 2026, quarterly […]
Finance ministry activates emergency measures to protect markets
Amid rising geopolitical tensions with India, the Finance Ministry of Pakistan has reinforced contingency measures to protect financial operations and ensure resilience across the country’s economic institutions. The move follows Indian airstrikes on six sites in Punjab and Azad Jammu and Kashmir, prompting retaliatory action by Pakistan’s military, which downed five Indian fighter jets. An […]
Govt completes of first payment transaction to 20 power producers
ISLAMABAD: The government has completed the first payment transaction amounting of Rs 89.2 billion to 40 percent to 20 independent power producers (IPPs). In compliance with the directives of the prime minister and under guidance of the finance minister, the government has completed the first payment transaction of 40 percent to 20 IPPs amounting to […]
Pakistan achieves compliant rating in 31 out of 40 FATF recommendations: AGP
ISLAMABAD: The Asia Pacific Group (APG) on Money Laundering published Pakistan’s second Mutual Evaluation follow-up Report, declaring that the country had achieved compliant or largely compliant rating in 31 out of 40 Financial Action Task Force (FATF) Recommendations in Technical Compliance. According to a press statement issued by the Finance Ministry here, these results, published […]
Govt to provide Sehat cards to all residents of South Punjab: PM
Prime Minister Imran Khan on Wednesday visited Layyah and inaugurated various development projects. Addressing the ceremony, he said the government would provide Sehat cards to all residents of South Punjab. Imran Khan said that provision of health card to the citizens of the country would ensure complete and free of cost health coverage which […]