3 h. ago Rs616 billion spent to keep struggling state enterprises afloat

The government of Pakistan provided a massive Rs616 billion in financial support to loss-making state-owned enterprises (SOEs) during the first half of the 2024–25 fiscal year, according to the Ministry of Finance. This amount included Rs113 billion in grants, Rs333 billion in subsidies—mostly for the power sector—Rs92 billion in loans, and Rs77.5 billion in equity […]

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7 h. ago Finance minister, French envoy reiterate commitment to lasting partnership

236th anniversary of Bastille Day Ambassador of France, Mr Nicolas Galey and Federal Minister for Finance, Senator Muhammad Aurangzeb Friday

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31 h. ago Finance ministry sounds alarm over Rs 5.9 trillion in govt losses

The latest report from the Ministry of Finance shows that losses in more than 15 government-owned companies have crossed Rs 5.9 trillion. The report reveals a sharp increase in losses during the first six months of the last fiscal year. Pension liabilities also rose, reaching Rs 1.7 trillion. These rising losses add significant pressure on […]

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42 h. ago At 32nd ARF, Dar urges global cooperation in face of mounting regional, int’l challenges

Deputy PM underscores just resolution of Kashmir dispute, criticizing India’s unilateral actions and aggression in the region Reiterates Pakistan’s commitment as a Sectoral Dialogue Partner and ARF member to ASEAN’s strategic goals envisioned in the Declaration on ASEAN 2045 Reaffirms Pakistan’s backing of ‘One China Policy,’ urging peaceful resolution of disputes in Asia-Pacific KUALA LUMPUR: […]

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3 d. ago Aurangzeb urges swift action on population surge and climate crisis

ISLAMABAD – Finance Minister Muhammad Aurangzeb on Thursday underscored the urgent need to tackle population growth and climate change, calling them two of the biggest threats to Pakistan’s future. Speaking at a World Population Day event hosted by the Ministry of National Health Services, he stressed that unchecked population growth was putting immense pressure on […]

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3 d. ago Govt enacts law to regulate VAs, plans pilot for digital currency

Pakistan has formally enacted its first law to regulate virtual assets, establishing a federal authority to license and oversee crypto-related businesses, the finance ministry said on Wednesday, as the country joins a growing list of nations adopting formal oversight of blockchain-based finance. The Virtual Assets Act, 2025 creates the Pakistan Virtual Asset Regulatory Authority (PVARA), […]

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3 d. ago PM for sustainable agricultural reforms strategy in collaboration with provinces

Premier Shehbaz says agri reforms would commence with provision of easy loans, directing urgent reforms in ZTBL for transparent provision of easy loans to farmers Stresses agricultural development would primarily benefit farmers and rural areas, emphasizing collaboration among experts Reiterates government’s commitment to enhanced focus on reforming livestock sector alongside agricultural commodities ISLAMABAD: Prime Minister […]

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5 d. ago Aurangzeb leads charge to transform FBR into modern tax authority

Finance Minister Senator Muhammad Aurangzeb chaired an important meeting on Tuesday to speed up reforms in the Federal Board of Revenue (FBR). The meeting, held under the Cabinet Committee on Rightsizing, focused on transforming the FBR into a modern, transparent, and efficient tax body. Senior officials from various ministries, including the Power and Law Divisions, […]

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5 d. ago Aurangzeb chairs meeting on implementation of National Tariff Policy

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday chaired a meeting of the Steering Committee for the implementation of the National Tariff Policy. The meeting was attended by Minister for Commerce Jam Kamal Khan; Minister for Petroleum Ali Pervaiz Malik; Governor State Bank of Pakistan (SBP) and senior officials from the Ministry of […]

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5 d. ago Finance Minister reviews progress on Prime Minister’s Fan replacement program

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb here on Monday chaired a high-level meeting to review the progress on the readiness and forthcoming launch of the Prime Minister’s Fan Replacement Program. The meeting was attended by the Minister for Power, Sardar Awais Ahmad Khan Leghari; Governor State Bank of Pakistan, Chairman Pakistan Banks’ […]

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5 d. ago PM Shehbaz invites UAE telecom giant to expand investment in Pakistan

Prime Minister Shehbaz Sharif met with a delegation from a leading UAE-based telecom company on Monday in Islamabad. He welcomed the delegation and invited them to explore further investment opportunities in Pakistan’s key economic sectors. The prime minister assured full support and facilities for foreign investors. The meeting included Deputy Prime Minister Ishaq Dar, Finance […]

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5 d. ago Aurangzeb pushes for swift launch of PM’s fan replacement initiative

Finance Minister Senator Muhammad Aurangzeb has directed all departments to fast-track preparations for the Prime Minister’s Fan Replacement Program, which aims to replace traditional electric fans with energy-efficient models across the country. The program is expected to launch its first phase by the end of this month. Chairing a high-level meeting in Islamabad, the Finance […]

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8 d. ago Update for Punjab Kisan Card holders on payment withdrawal from bank accounts

LAHORE – The Government of Punjab, under the Chief Minister’s Wheat Support Program, has successfully transferred financial assistance to eligible

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9 d. ago Aurangzeb advances strategic partnerships during meetings on sidelines of FFD4

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb held a series of high-level bilateral meetings and strategic engagements on

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1 week ago PM Shehbaz celebrates historic 42% tax revenue growth, pushes for digital reforms

ISLAMABAD – Prime Minister Shehbaz Sharif on Wednesday lauded the Ministry of Finance and the Federal Board of Revenue (FBR) for achieving a record 42% rise in federal tax revenue during FY 2024–25 — the highest in a decade. While chairing a high-level meeting to review FBR’s digitization and reform progress, the prime minister was […]

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1 week ago PM vows to protect, strengthen literary, scientific institutions

Prime Minister Muhammad Shehbaz Sharif on Tuesday reiterated his government’s strong commitment to preserving and enhancing the role of national

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1 week ago Pakistan steps up in global development talks at Spain conference

ISLAMABAD – Federal Finance Minister Senator Muhammad Aurangzeb has departed for Seville, Spain, to attend the Fourth International Conference on Financing for Development (FFD4), taking place from July 1 to 3, 2025. The global event will bring together world leaders and economic experts to develop new strategies for sustainable finance, especially for countries pursuing the […]

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2 w. ago ACE Money Transfer CEO meets ministers to advance legal remittance, financial digitization

Mr Rashid Ashraf, Chief Executive Officer of ACE Money Transfer, conducted a series of strategic meetings in Islamabad with the Honorable Finance Minister, Mr. Muhammad Aurangzeb, and other senior government officials to discuss collaborative efforts aimed at strengthening Pakistan’s Financial infrastructure and enhancing formal remittance inflows. A key focus of discussion was the development of […]

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2 w. ago ACE Money Transfer CEO Meets Senior Ministers to Advance Legal Remittance and Financial Digitization

Islamabad – June 26, 2025 — Mr. Rashid Ashraf, Chief Executive Officer of ACE Money Transfer, conducted a series of strategic meetings in Islamabad with the Honorable Finance Minister, Mr. Muhammad Aurangzeb, and other senior government officials to discuss collaborative efforts aimed at strengthening Pakistan’s Financial infrastructure and enhancing formal remittance inflows. A key focus […]

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2 w. ago SOE losses hit Rs1.9 billion daily, govt warned of urgent reforms

ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) are losing nearly Rs1.9 billion every day, with total accumulated losses now reaching Rs5.8 trillion, sparking alarm within the federal government. In a recent meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), chaired by Finance Minister Muhammad Aurangzeb, officials presented a bleak report covering July to December 2024. […]

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