As per details, Prime Minister Shehbaz Sharif is set to preside the National Economic Council meeting, which will focus on approving the national development budget, Public Sector Development Programme (PSDP), and macroeconomic targets for the upcoming fiscal year 2025-26, with representatives from the federal and provincial governments, including all four chief ministers, in attendance. The […]
In a virtual address at the SCO Finance Ministers and Central Bank Governors meeting held in Beijing, China, he underscored Pakistan’s robust commitment to the organization, a press statement issued here read. The minister also expressed appreciation to the Chinese government for organizing the significant event. He highlighted the importance of Pakistan’s SCO membership, noting […]
The visiting delegation was led by Ms. Esperanza Jelalian, Vice President of the US-Pakistan Business Council, and comprised senior representatives of prominent American companies and major investors active in Pakistan. Finance Minister Aurangzeb appreciated the continued interest and investments by US companies in Pakistan’s economy, and highlighted the vast potential for expanding economic cooperation between […]
According to the notification, the government employees who rejoin any institution after retirement can choose between receiving a salary or a pension, but not both simultaneously. According to the notification, which is in line with the reforms recommended by the Pay and Pension Commission, retired employees will have to opt for either pension or salary […]
During his meeting with IMF Managing Director (MD) Ms. Kristalina Georgieva in Washington D.C. he thanked the IMF team for reaching a Staff-Level Agreement on the First Review under the Extended Fund Facility (EFF) and a new arrangement under the Resilience and Sustainability Facility (RSF). In his meeting with President of the World Bank Group […]
“The IMF team has reached a staff-level agreement (SLA) with the Pakistani authorities on the first review of the 37-month Extended Arrangement under the Extended Fund Facility (EFF), and a new 28-month arrangement under the IMF’s RSF with total access over the 28 months of around $1.3 billion (SDR 1 billion). The staff-level agreement is […]
The Pakistan Medical and Dental Council (PMDC) has decided to halt the registration of new medical and dental colleges following the government’s guidelines. The PMDC has officially approved this decision, and no applications for registration submitted after January 5 will be considered. However, 13 applications submitted before January 5 are currently under review, the sources […]
Addressing a presser in Islamabad, the finance minister said that the federal cabinet approved a proposal to abolish approximately 60 percent of vacant positions across ministries. He said that the cabinet’s decision is part of a comprehensive plan to streamline the government’s operations and reduce unnecessary expenditures. The finance minister said that the federal government’s […]
According to the ministry’s report, the inflation rate is expected to decrease over the next three years. The report projects that the inflation rate will decrease from 23.4% to 12% in 2025, and then further to 7.5% in 2026. By 2027, the inflation rate is expected to be reduced to 7%. In addition to reducing […]
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 […]
