Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday said that the national drive towards digitization has gathered strong momentum, including at the highest level and that clear performance targets are being pursued through a coordinated approach across key pillars covering digital infrastructure, payment systems and rails and digitization of government-related payments. He stated […]
muhammad aurangzeb
Pakistan reiterates desire to join BRICS
Pakistan has reiterated its desire to join the BRICS grouping, as Finance Minister Muhammad Aurangzeb said the country could play a constructive role within the bloc. In two separate interviews with Azerbaijan’s leading news agency, Report Information Agency (REPORT), and Russia’s prominent news agency, RIA Novosti, the finance minister outlined Pakistan’s economic priorities, investment outlook, […]
Pakistan seeks trade, not aid, says finmin
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 […]
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 […]
Sustained dialogue with business community essential for economy: govt
Federal Finance Minister Senator Muhammad Aurangzeb said on Saturday that continuous and meaningful dialogue between government and business community was essential, as engagement limited only to the budget does not provide sustainable solutions. Addressing All Pakistan Chambers Conference organised by Lahore Chamber of Commerce and Industry (LCCI) at a local hotel, he added that very […]
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 […]
Govt finally kicks off long-awaited 11th NFC talks
Finance Minister Muhammad Aurangzeb on Thursday told the inaugural meeting of the 11th National Finance Commission (NFC) that the Centre was there to listen to the stance of the provinces. According to a handout issued by the finance ministry, the finance minister noted that the forum was established under Article 150 of the Constitution, adding […]
Lawmakers lash out over IMF corruption report
ISLAMABAD: Parliamentary committees of both houses on Wednesday saw heated criticism as lawmakers accused the government of failing to curb corruption and claimed the IMF’s newly released “Governance and Corruption Diagnostic Assessment” singled out parliament and state institutions. Read More: IMF’s GCDA Report: Rhetoric Vs Rationality Finance Minister Muhammad Aurangzeb, however, firmly rejected this interpretation, insisting that […]
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 […]