Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has said that Pakistan is no longer seeking aid-based support and is firmly transitioning towards trade- and investment-led engagement to ensure long-term economic sustainability and mutually beneficial partnerships, particularly with the Gulf Cooperation Council (GCC) countries. In an interview with CNN Business Arabia, the Finance Minister […]
Finmin
IMF ‘conditionalities’ not new, just execution of passed legislation: finmin
Addressing concerns over “new” International Monetary Fund (IMF) conditionalities, Finance Minister Muhammad Aurangzeb has clarified that the measures being implemented under the Fund programme are not fresh demands but the operationalisation of reforms already approved through legislation. In an event on Saturday, Aurangzeb said that steps such as the public disclosure of civil servants’ assets […]
Climate disasters to shave 0.5% pts off growth this year, finmin at Riyadh forum
Pakistan’s finance minister said on Thursday increasingly severe floods are now routinely reducing the country’s economic growth, warning that this year’s climate disasters alone are expected to shave around half a percentage point off GDP as Islamabad presses global lenders to accelerate climate financing. Speaking at the Global Development Finance Conference – Momentum 2025 in […]
Finmin hails support for structural reforms as IMF completes key reviews
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday acknowledged the strong cooperation of federal ministries, government bodies, senior secretaries and provincial governments in advancing the government’s structural reform agenda and cooperation that contributed to the successful completion of the IMF’s second review under the Extended Fund Facility (EFF). In his opening remarks […]
Finmin reaffirms commitment to strengthening formal economy
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday reaffirmed the government’s commitment to strengthening Pakistan’s formal economy and encouraging responsible, long-term investment during a meeting with a delegation from Nestlé Pakistan. Emphasizing the government’s resolve to clamp down on the informal sector, an effort that has already begun yielding visible results in […]
Finmin defends publication of IMF governance report
Finance Minister Muhammad Aurangzeb on Monday firmly rejected the perception that the government had delayed or attempted to withhold the publication of the IMF’s Technical Assistance Report on Governance and Corruption Diagnostic Assessment in Pakistan, telling the Senate that the document underwent a rigorous review process involving extensive consultations. The finance minister told the Upper […]
Floods expected to cut 0.5% off GDP, warns finmin
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday said climate change was an urgent economic reality for Pakistan, reaffirming the government’s commitment to advancing sustainable finance, green taxonomy implementation, and climate-aligned disclosure frameworks. Stressing the need to support SMEs in formalizing their financial reporting practices, he highlighted Pakistan’s proactive regulatory direction in […]
Finmin links economic future to climate action, population
Federal Minister for Finance, Senator Muhammad Aurangzeb, has underscored that Pakistan’s long-term economic prospects depend on effectively confronting the dual national challenges of rapid population growth and climate vulnerability. He made this observation during his address to the launch ceremony of the District Vulnerability Index for Pakistan (DVIP), organised by the Population Council in Islamabad […]
Finmin highlights urgent need to mainstream climate finance
Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Thursday emphasized the need for pragmatic, coordinated, and forward-looking approaches to climate finance and sustainable development. While speaking at the 28th Sustainable Development Conference (SDC) organized by the Sustainable Development Policy Institute (SDPI), the minister noted that despite global uncertainty, the world economy continues to show […]
Govt moving towards deregulation of sugar, wheat sectors, says finmin
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Wednesday called for a fundamental shift from reactive policymaking to a forward-looking, reform-driven approach aimed at stabilizing Pakistan’s economy, restoring investor confidence, and setting a sustainable course for growth. Addressing the inaugural session of ‘The Future Summit – 9th Edition’ in Karachi, he outlined the […]