Muhammad Aurangzeb Archives

IMF Praises Pakistan’s Economic Reforms: Finance Minister Aurangzeb

Karachi: Federal Finance Minister Muhammad Aurangzeb said the International Monetary Fund (IMF) has praised Pakistan’s economic reforms and growth efforts. He highlighted macroeconomic stability as a key achievement of government policies. Aurangzeb shared insights from his meeting with IMF Managing Director Kristalina Georgieva. He said the IMF acknowledged Pakistan’s efforts in implementing reforms under its program. …

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Agricultural Tax Implemented in Two Provinces: Finance Minister

Islamabad: Finance Minister Senator Muhammad Aurangzeb has stated that two provinces have already implemented the agricultural tax, while discussions are ongoing with the remaining two. He added that negotiations with the International Monetary Fund (IMF) on this matter are also in progress. Talking to the media at the Parliament House, the finance minister said that …

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Stricter Rules for Non-Filers: Tax Law Amendment Bill 2024-25 Presented

Islamabad: Finance Minister Muhammad Aurangzeb presented the Tax Law Amendment Bill 2024-25 in the National Assembly. The bill aims to impose stricter rules on non-filers. The proposed amendments ban non-filers from buying vehicles above 800cc. They can only purchase motorcycles, rickshaws, and tractors. This move seeks to limit high-value transactions by those outside the tax …

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Business Confidence Rises, Remittances to Exceed $35 Billion: Finance Minister

Finance Minister Muhammad Aurangzeb said on Wednesday that the foundation for macroeconomic stability has been established. He cited improvements in key indicators such as a surplus current account, rising remittances, increasing exports, and higher foreign exchange reserves. Inflation has also dropped to its lowest level in six years. Policies Drive Sustainable Growth Speaking at the …

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SECP Hosts Conference on Insolvency and Debt Enforcement

Islamabad: The Securities and Exchange Commission of Pakistan (SECP) inaugurated a two-day consultative conference on insolvency and debt enforcement laws in Islamabad. The event brought together Finance Minister Senator Muhammad Aurangzeb, judges from all high courts, international experts, lawyers, and policymakers to discuss critical reforms. Finance Minister Highlights Reform Priorities Finance Minister Muhammad Aurangzeb delivered the …

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Pakistan Resolves to Tax All Sectors Equitably: Aurangzeb

ISLAMABAD: The government has decided to recover taxes from all sectors, including real estate, wholesale, and agriculture, which have previously evaded contributing their fair share. Finance Minister Muhammad Aurangzeb announced this during a televised address on Sunday. He also called for a national Charter of Environment to tackle critical issues like climate change, child stunting, …

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Pakistan Gets Encouraging Response from China on Debt Reprofiling

Finance Minister Muhammad Aurangzeb said Pakistan is getting an “encouraging” response from China on its request to reprofile power sector debt. Speaking to Bloomberg at the IMF and World Bank meetings, he mentioned that discussions had started. So far, the response has been positive. However, he added that the talks are still in their early …

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Karachi Attack on Chinese Engineers, Says Muhammad Aurangzeb

ISLAMABAD: Finance Minister Muhammad Aurangzeb announced on Tuesday that Chinese engineers were killed in a suicide attack in Karachi. They were involved in crucial energy debt restructuring negotiations with the Pakistani government. This tragic event underscores the ongoing challenges Pakistan faces in maintaining security for foreign nationals working in the country. In a pre-recorded statement, …

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