7 h. 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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19 h. 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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55 h. 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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69 h. 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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69 h. 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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3 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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3 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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5 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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6 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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8 d. 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 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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1 week 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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1 week 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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1 week 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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1 week ago SOE losses, pension liabilities cross Rs7.5 trillion, exceeding defence and development budgets

ISLAMABAD – Pakistan’s state-owned enterprises (SOEs) continue to bleed financially, with total accumulated losses and unfunded pension liabilities now crossing Rs7.5 trillion. This amount is nearly three times the defence budget and over seven times the national development budget for the current fiscal year. The Ministry of Finance revealed these alarming figures during a meeting […]

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1 week ago ECC approves PKR 1.58 billion to honour armed forces’ sacrifices

The Economic Coordination Committee (ECC) of Pakistan has approved a grant amounting to over 1.58 billion Pakistani Rupees (PKR) to cover the salaries, allowances, and other financial obligations of the country’s armed forces. This decision was made during a meeting chaired by Finance Minister Muhammad Aurangzeb. The approved funds will be allocated by the Ministry […]

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1 week ago Finmin stresses reforms, strengthened governance in public sector enterprises

Minister for Finance and Revenue Senator Muhammad Aurangzeb on Friday reaffirmed the government’s commitment to strengthening the governance, operational efficiency and financial sustainability of key public sector entities. Chairing a meeting of the Cabinet Committee on State-Owned Enterprises (CCoSOEs), the Finance Minister stressed the importance of aligning business plans with national priorities and addressing operational […]

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1 week ago Govt sets eye on complete transition to electric buses in Karachi

The Sindh government has decided to introduce a significant number of electric and hybrid buses during the current financial year. Sindh Senior Minister and Provincial Minister for Information, Transport, and Mass Transit, Sharjeel Inam Memon, stated that in the coming months, along with double-decker buses, additional buses will be added to Karachi’s roads. He further […]

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1 week ago ECC approves supplementary grants and new gas prices in key economic meeting

ISLAMABAD – The Economic Coordination Committee (ECC) approved several technical supplementary grants for different ministries during a meeting chaired by Finance Minister Muhammad Aurangzeb. These grants are part of the budget for the 2024–25 financial year. The committee approved Rs 15.8 billion for the Ministry of Defence. Another Rs 6.3 crore was approved for rent […]

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1 week ago Govt to present Rs203bn supplementary, excess grants in national assembly today

ISLAMABAD – The federal government is set to seek National Assembly approval for supplementary and excess grant demands totaling Rs203.345 billion for the financial years 2023–24 and 2024–25. Finance Minister Muhammad Aurangzeb will present the proposals in the Lower House today [Friday] for discussion and voice vote approval. For the fiscal year 2024–25, the government […]

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