Pakistan formally requests ¥10 billion loan extension from China
Pakistan has formally requested an additional CN¥10 billion (approximately $1.4 billion) loan from China to address the balance of payment crisis. Finance Minister Muhammad Aurangzeb presented this request to China’s Vice Minister of Finance Liao Min during the recent IMF/World Bank meetings in Washington, where he also proposed increasing the
Government imposes new restrictions on non-filers
Pakistan’s Finance Minister, Muhammad Aurangzeb, recently announced new restrictions on property and vehicle purchases for non-filers as part of broader economic reforms. Speaking at a press conference in Washington, he highlighted that these difficult decisions are necessary to drive long-term improvement, according to Express News. Aurangzeb explained that Pakistan aims
Finance Minister leaves for USA to attend IMF, World Bank meetings
Finance Minister, Muhammad Aurangzeb has left for the United States (US) to attend the annual meetings of the International Monetary Fund (IMF) and World Bank.
Govt urged to give one-month extension for tax returns
The Rawalpindi-Islamabad Tax Bar Association has written a letter to Prime Minister (PM) Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and Federal Board of Revenue (FBR) Chairman, requesting an extension for filing tax returns until October 31.
What to expect from new budget of Pakistan?
Pakistan’s Federal Budget for the fiscal year 2024-25, amounting to Rs18.9 trillion, will be presented by Finance Minister Muhammad Aurangzeb in the National Assembly at 4pm today (Wednesday). This budget announcement follows the government’s recent acknowledgment that the anticipated economic growth rate of 2.4 percent for the current year falls
IMF uncertain about approving new loan for Pakistan
During a briefing in Washington, International Monetary Fund (IMF) Director of Communications, Julie Kozack, stated that it is still too early to determine whether ongoing discussions with Pakistan will result in a new loan package. When asked if the talks could lead to a staff-level agreement on a new loan
Finance Minister Lands in Washington for Key IMF Negotiations
WASHINGTON: Pakistan’s Finance Minister, Muhammad Aurangzeb, touched down in Washington D.C. on Sunday, leading a delegation to the spring meetings of the IMF and World Bank. The team is set to negotiate a new financial assistance package, estimated between $6 billion and $8 billion. Scheduled from April 17-19, the IMF
