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Pakistan is in the final stages of IMF negotiations, with no major obstacles in sight, according to Finance Minister Muhammad Aurangzeb. He assured that the country is on track to meet the IMF’s financial targets, paving the way for the next tranche of funding. However, he also warned that climate change poses a serious threat …
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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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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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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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Finance Minister Muhammad Aurangzeb emphasized the critical need for consistent economic policies to drive stability and growth in Pakistan. Speaking at the Overseas Investors Chamber of Commerce and Industry (OICCI) in Karachi on Saturday, he stressed that economic continuity should transcend political transitions. This “policy continuity” approach, he said, is vital for fostering sustainable development …
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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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German Foreign Minister Annalena Baerbock arrived in China on October 29, only to find no Chinese officials present to receive her at the airport. The unexpected diplomatic snub appeared to shock Baerbock, and a video capturing her arrival and visible reaction has quickly gone viral on social media. The absence of a formal Chinese welcome …
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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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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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Finance Minister Ishaq Dar announced in a televised address that the federal government has decided to keep fuel prices unchanged for the upcoming fortnight. This decision was made in consideration of international rates, despite slight increases in global crude oil and gas prices in recent days. Fuel Prices Ishaq Dar emphasized that the government had …
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The federal government of Pakistan, led by the Pakistan Democratic Movement (PDM), has announced a reduction in the prices of petroleum products (POL) by up to Rs30 per litre. The government took this decision after a fall in the international oil rate. The price of petrol, in international market is decreased by Rs12 per litre …
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