Talking to the media, the finance minister said that the government is working on it and regularly monitoring the prices of pulses, sugar, and other essential items. “We want to extend benefit to common man”. The federal minister said that it is necessary to reset our direction for the sake of economic stability. He was […]
According to Bloomberg, “The positive outlook mirrors the Government of Pakistan’s positive outlook,” Moody’s stated, noting that Pakistani banks maintain significant exposure to sovereign risk through substantial holdings of government securities. Economic growth projections have brightened considerably, with Moody’s forecasting a 3% expansion in 2025, up from 2.5% in 2024 and a contraction of 0.2% […]
As per details, the government has appointed Faisal Nisar Chaudhry as the new MD of Utility Stores Corporation by removing Mr. Mohammad Ali Aamir. Faisal Nisar Chaudhry was discharging his duties at DG Secretariat Training Institute before his new appointment. The notification regarding Nisar’s appointment as MD Utility Stores Corporation has been issued. Additionally, Grade […]
Sri Lanka’s Board of Investment (BOI) said it received a two-page letter dated Wednesday from Adani Green Energy Limited saying it had decided to “respectfully withdraw” from the project. A BOI official told AFP the government was yet to respond to the letter while a spokesman for Adani said the firm would make a public […]
Addressing a press conference here finance minister said that the volume of the federal government will be slashed gradually. Aurangzeb said that a committee constituted by the prime minister has reviewed 33 ministries and 400 departments of the federal government. “Various ministries and departments will be scrutinized step by step,” he said. “The reforms process […]
“We have to avoid this practice,” the finance minister said here. Addressing the Overseas Investors Chamber of Commerce and Industry, Aurangzeb said that the steps are inevitable for the promotion of trade and investment. He said that the economy is being stabilized, and prices are going down. “The private sector has to lead the economy,” […]
According to the notification issued by the Finance Department, the decision will affect three types of pensions and will come into effect immediately. The notification stated that the annual increase in pension will be stopped for retired government employees, starting from December 2, 2024. The Secretary of Finance has directed all administrative secretaries and heads […]
Dissanayake, whose leftist coalition won 159 seats in the 225-member parliament in the general election, also reappointed veteran legislator Vijitha Herath to helm the foreign affairs ministry. Dissanayake did not name a new finance minister during Monday’s swearing-in, signaling that he will keep the key finance portfolio himself as he had done in September after […]
During his visit, he will meet the top officials of the IMF and World Bank and the senior officials of the US State and Treasury Departments. The finance minister is leading a delegation comprising the finance secretary, the economic affairs secretary, the governor of the State Bank of Pakistan(SBP), and other senior officials. Aurangzeb will […]
The IMF package is not just for the federal government but for the entire country, said Aurangzeb, in a press conference held in Islamabad. He stressed the importance of implementing tough decisions to ensure economic stability. Pakistan has availed 25 IMF programmes since becoming a member of the International Monetary Fund (IMF) in 1950. The […]
