10 h. ago Trump asked Norwegian minister about Nobel Prize, newspaper says

When US President Donald Trump called Norway’s finance minister last month to discuss trade tariffs, he also asked about the Nobel Peace Prize, Norwegian business daily Dagens Naeringsliv reported on Thursday. Several countries including Israel, Pakistan and Cambodia have nominated Trump for brokering peace agreements or ceasefires, and he has said he deserves the Norwegian-bestowed […]

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39 h. ago New policies to boost personal and service consumption: State Council

BEIJING: China will see the implementation of new financial policies to strengthen fiscal and financial coordination, outlined Liao Min, Vice Minister of Finance, during a press conference held by China’s State Council Information Office (SCIO) on Wednesday. Liao detailed the two new policies: first, an interest subsidy for personal consumer loans, and second, subsidized loans […]

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47 h. ago Finance Minister Aurangzeb signals further cuts in policy rate as inflation drops

ISLAMABAD – Federal Finance Minister Muhammad Aurangzeb has announced that the government will not impose additional burdens on the salaried

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58 h. ago Finmin Aurangzeb chairs committee to strategize engagement with WEF

A meeting of the Committee for Pakistan’s Engagement with the World Economic Forum (WEF) was held Tuesday at the Finance Division under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb. The meeting was attended by Federal Minister for Information Technology and Telecom Shaza Fatima Khawaja, Federal Minister for Climate Change Dr. […]

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59 h. ago Exporters urge policy support to capitalise on US tariff cut

Pakistan’s exporters are set to gain a competitive edge in the US market after the government successfully negotiated to get reciprocal tariff reduced from 29% to 19%, the lowest in the region providing Pakistan an opportunity to boost exports to the United States. The breakthrough was discussed in a meeting on ‘US Reciprocal Tariffs’ chaired […]

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7 d. ago Pakistan secures South Asia’s lowest US tariff rate: Minister

Islamabad: Pakistan has secured the lowest tariff rate in South Asia after signing a trade deal with the United States. Minister of State for Finance Bilal Azhar Kayani shared the news during a National Assembly session on Thursday. He said Pakistan will now face only a 19% tariff on its exports to the US. This […]

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9 d. ago Budget deficit at 5.4% of GDP; primary surplus climbs to 2.4%

Pakistan’s budget deficit was recorded at Rs6.17 trillion, i.e. 5.4% of the GDP, during the fiscal year 2024-25, marking a 9-year low, showed data released by the Ministry of Finance. A summary of consolidated federal and provincial fiscal operations for July-June 2024-25, released by the Finance Division showed that total revenue stood at Rs17.997 trillion […]

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1 week ago Federal government revives remittance subsidy after finance ministry’s delay

The federal government has decided to allocate a supplementary grant of Rs30 billion to restart subsidies for foreign remittances, after the finance ministry initially dropped the subsidies from the budget in June. This move follows growing concerns about a decline in remittance inflows and a lack of consultation with key stakeholders before the subsidy cuts […]

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1 week ago Traders warn rising inflation fueling pressure on trade and economy

The Pakistan Industrial and Traders Associations Front (PIAF) has sounded a warning that rapidly rising inflation-driven by escalating food and energy prices-is placing immense pressure on manufacturers, traders, and the broader economy. With inflation hitting high in July, the highest annual rate since December last year and representing a monthly increase of 2.9%, PIAF leadership […]

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3 w. ago China unveils new measures to boost reinvestment by foreign enterprises

BEIJING: China has introduced a new set of policy measures aimed at encouraging foreign-funded enterprises to reinvest in the country. The measures, detailed in a circular jointly released by seven key government departments, including the National Development and Reform Commission (NDRC), Ministry of Finance, Ministry of Natural Resources, Ministry of Commerce, People’s Bank of China, […]

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3 w. ago Global trade on edge: Germany pushes G7 for quick resolution

German Finance Minister Lars Klingbeil has urged G7 nations to work swiftly to end the ongoing global tariff dispute. Speaking in Durban on Friday, he stressed that trade tension is hurting economies and must be resolved quickly. He added that while Germany supports an agreement, it will not accept unfair conditions. Klingbeil pointed to the […]

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4 w. ago Trump’s tariffs cast shadow over G20 finance talks in South Africa

Tensions over U.S. tariff threats have dominated the G20 finance ministers’ meeting in Durban, South Africa. As finance chiefs gathered to discuss global economic cooperation, President Donald Trump’s new tariff plans created concern about further trade disruption and global fragmentation. South Africa, the host, urged G20 countries to show bold leadership and unity in tackling […]

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last month Aurangzeb briefs Moody’s on Pakistan’s stabilizing economy, reform drive

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has briefed Moody’s on Pakistan’s Stabilizing economy, reform drive and re-engagement

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