Federal Government Forms 11th National Finance Commission Islamabad – The federal government has officially announced the formation of the 11th National Finance Commission (NFC), a key body responsible for shaping fiscal federalism and ensuring fair financial allocations across Pakistan. According to a notification from the Ministry of Finance, Federal Minister for Finance Muhammad Aurangzeb has […]
The Finance Bill, which outlines key fiscal proposals and policy measures for the upcoming financial year, was formally submitted for the Senate’s review and feedback. During the session, the finance minister invited senators to present their recommendations on the bill, which will be forwarded to the National Assembly for consideration. Chairman Senate Syed Yousuf Raza […]
FBR Chairman announced during a meeting of the National Assembly’s Standing Committee on Finance. Arif noted that the rebate, which had been overlooked previously, was later approved by the federal cabinet and will be incorporated into the Finance Bill for the upcoming fiscal year to provide relief to educators. A representative from the Ministry of […]
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 […]
