The decision was taken during Federal Finance Minister Muhammad Aurangzeb’s visit to the Federal Board of Revenue (FBR) headquarters. Attorney General for Pakistan Mansoor Usman Awan was also present in the meeting. Government officials said the FBR had briefed the finance minister about its decision to disable the mobile phone SIMs of 506,671 individuals, who […]
New Finance Minister of Pakistan, Muhammad Aurangzeb, indicated in an interview recently that he hopes to issue up to USD 300 million of panda bonds for the first time this year, due to issue renminbi-denominated bonds would allow Pakistan to diversify its funding sources and reach investors in new markets. Panda bonds are bonds denominated […]
According to reliable sources, there’s a strong possibility that Muhammad Aurangzeb will be appointed as the next finance minister of the country. This news has surfaced as Prime Minister Shehbaz Sharif prepares to select his federal cabinet. Reports suggest that Ishaq Dar, a former finance minister who is close to Nawaz Sharif, may not be […]
The International Monetary Fund and Pakistan have reached the staff-level agreement on Tuesday over Structural reforms that will cause IMF to release $500M for the country, said the Pakistan Finance Ministry and IMF in a press release. “The package strikes an appropriate balance between supporting the economy, ensuring debt sustainability, and advancing structural reform. Pending […]
