Minister for Finance and Revenue, Senator Muhammad Aurangzeb on Monday said that Pakistan’s economic direction had been set right through a series of structural reforms, which were now being operationalized to ensure sustainable and inclusive growth. “I believe there is a broad consensus that we have made significant inroads and achieved considerable progress in terms […]
Finmin
Finmin says IMF can’t impose conditions against Pakistan’s interests
Finance Minister Muhammad Aurangzeb has said that the International Monetary Fund (IMF) cannot impose any condition that goes against Pakistan’s national interest, stressing that all ongoing economic reforms are guided by the country’s own priorities. “The IMF cannot put any condition that goes against Pakistan’s national interest,” said Aurangzeb while addressing a press conference in […]
Finmin boosts int’l economic partnerships in Washington
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb continued his engagements on the fifth day of his visit to Washington DC, where he is attending the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group. During a meeting with World Bank President Ajay Banga, the minister recalled the Prime Minister’s […]
Finmin projects 3.5-4% GDP growth despite flood damages
Finance Minister Muhammad Aurangzeb has projected Pakistan’s economic growth between 3.5 and 4 percent for the current fiscal year despite the severe impact of recent monsoon floods that devastated farmland, displaced over four million people, and killed over 900 across the country. In an interview with Bloomberg, the finance minister said the initial assessments showed […]
Finmin envisions ‘East Asia Moment’ for Pakistan
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said Wednesday that Pakistan’s reform momentum and economic liberalization could set the stage for an “East Asia moment”- a period of dynamic, export-driven expansion inspired by the experience of high-growth Asian economies such as Singapore. In an interview with CNBC, the minister, who is currently in […]
Finmin meets IMF director, reaffirms commitment to reform agenda
Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb had a busy first day of his official visit to the United States with a series of high-level meetings on the sidelines of the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group (WBG) in Washington. The minister and his delegation had […]
Finmin arrives in Washington to attend IMF, World Bank plenary meetings
Finance Minister Muhammad Aurangzeb reached Washington on Sunday, where he will attend plenary meetings of the International Monetary Fund (IMF) and World Bank (WB) from Oct 13 to 18. The meetings bring together global finance ministers, central bankers and development leaders, offering Pakistan a crucial platform to secure the next IMF tranche, advance economic reforms, […]
Finmin departs for US to attend IMF, WB annual meetings
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, departed for the United States to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank. The minister will represent Pakistan at the plenary sessions of both the IMF and the World Bank, according to press release issued by finance ministry here […]
Finmin says budget to be strategic, focused on long-term growth
Finance Minister Muhammad Aurangzeb on Tuesday said the government was aiming to prepare the upcoming federal budget for fiscal year 2025-26 “as a strategic document-one that aligns fiscal priorities with the broader objective of sustainable, export-driven growth”. The finance minister made these remarks during a meeting with a group of leading exporters and businessmen led […]