Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

WASHINGTON, Apr 19 (APP):Federal Minister for Finance and Revenue on Friday appreciated the World Bank’s Thought Leadership and its insightful report titled “From Swimming in the Sand to High and Sustainable Growth,” giving a clear roadmap for propelling Pakistan to a High Middle-Income country. He expressed these views while attending the “Roundtable on Implementing… Continue reading Finance Minister commends WB’s blueprint to propel Pakistan to High Middle-Income status

Washington Talks: Finance Minister eyes crucial new IMF deal in June

WASHINGTON, Apr 18 (APP): As an International Monetary Fund’s (IMF) nine-month Standby Arrangement (SBA) edges towards completion, Pakistan has commenced discussions with the financial institution to secure a new deal, aimed at stabilizing the national economy. “Pakistan expects an IMF mission to visit in May and would like to reach a staff-level agreement on its… Continue reading Washington Talks: Finance Minister eyes crucial new IMF deal in June

Aurangzeb calls for robust financial safeguards against climate vulnerabilities

ISLAMABAD, Apr 18 (APP):In a high-profile meeting held at the sidelines of the IMF/World Bank 2024 Spring Meetings in Washington DC, Federal Minister for Finance and Revenue, Muhammad Aurangzeb emphasized the need for a robust financial safety net and capacity building to address geo-economic impacts and climate vulnerabilities. Speaking at the Middle East, North… Continue reading Aurangzeb calls for robust financial safeguards against climate vulnerabilities

Global FOs commit to support Pakistan’s economic initiatives

WASHINGTON, Apr 17 (APP):Leading global financial organizations like the World Bank (WB), Asian Development Bank (ADB) and International Finance Corporation (IFC) have assured their support for Pakistan’s initiatives aimed at economic stabilization through structural reforms, digital transformation and privatization efforts. The assurance came during sideline meetings of Federal Minister for Finance and Revenue Muhammad Aurangzeb,… Continue reading Global FOs commit to support Pakistan’s economic initiatives

WB assures support for reforms, digitalization programmes

ISLAMABAD, Apr 17 (APP):The World Bank (WB) has assured Pakistan of its full support for reforms and digitalization programmes to stabilize economy and enhance revenues. According to press statement issued by finance ministry here, Federal Minister for Finance and Revenue, Muhammad Aurangzeb, met with President World Bank Group, Ajay Banga and highlighted Pakistan’s progress under… Continue reading WB assures support for reforms, digitalization programmes

In Washington Aurangzeb highlights Pakistan’s roadmap to address economic challenges

WASHINGTON, Apr 16 (APP): Federal Minister for Finance and Revenue Muhammad Aurangzeb, who is leading a Pakistan delegation in the IMF and World Bank-2024 Spring Meetings in Washington DC, on Tuesday highlighted the country’s roadmap to cope with the confronted challenges and put economy on sustainable growth trajectory. In an interactive session with Atlantic Council’s… Continue reading In Washington Aurangzeb highlights Pakistan’s roadmap to address economic challenges

Finance Minister seeks foreign investments in IT, Agriculture, mining, energy sectors

ISLAMABAD, Apr 16 (APP): Federal Minister for Finance and Revenue, Muhammad Aurangzeb urged the influential Pakistani American businessmen and tech entrepreneurs to capitalize on the growing opportunities in Pakistan in key sectors of agriculture, Information Technology (IT), mining and energy. The minister during a meeting with businessmen and tech entrepreneurs, on the sidelines of the… Continue reading Finance Minister seeks foreign investments in IT, Agriculture, mining, energy sectors

Pakistan initiates discussing new multi-billion loan programme with IMF

ISLAMABAD, Apr 16 (APP): Pakistan has initiated discussions with the International Monetary Fund (IMF) over a new multi-billion dollar loan agreement to support its economic reform program, Federal Minister for Finance and Revenue, Muhammad Aurangzeb said. With the final $1.1 billion tranche of Standby Arrangement (SBA) likely to be approved later this month, Pakistan has… Continue reading Pakistan initiates discussing new multi-billion loan programme with IMF

PSX witnesses bullish trend, gains 229 more points

ISLAMABAD, Apr 15 (APP): The 100-index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Monday, gaining 229.86 points, a positive change of 0.33 percent, closing at 70,544.58 points against 70,314.72 points the previous trading day. A total of 555,214,972 shares valuing Rs.21.986 billion were traded during the day as compared to 389,396,548 shares… Continue reading PSX witnesses bullish trend, gains 229 more points

No delay in wheat procurement target decision, clarifies finance ministry

ISLAMABAD, Apr 6 (APP): In response to reports appearing in a section of the press, the Finance Ministry here on Saturday clarified that there had been no delay in the decision-making process regarding wheat procurement targets. “News stories appearing in a section of the press have given the misleading impression that ECC has delayed the… Continue reading No delay in wheat procurement target decision, clarifies finance ministry

Commerce Minister, HanGeng discuss Investment opportunities in Gawadar

Chief Executive Officer (CEO) HanGeng Trade & Yuanhua Industrial, Andy Liao here on Saturday called on Federal Minister for Commerce, Jam Kamal Khan to discuss foreign investment opportunities in Gawadar and ways to expand exports. They explored Gawadar’s potential for economic growth and collaboration between foreign companies and local authorities, according to press statement issued… Continue reading Commerce Minister, HanGeng discuss Investment opportunities in Gawadar

Pakistan, Japan sign two projects in weather surveillance, health sectors

Pakistan and Japan on Thursday signed two Japanese grant-in-aid projects in the sectors of weather forecasting and surveillance; mother and child healthcare. The Notes of the projects were signed and exchanged by Secretary of Economic Affairs Division (EAD) Dr Kazim Niaz and Ambassador of Japan to Pakistan WADA Mitsuhiro on behalf of their respective governments… Continue reading Pakistan, Japan sign two projects in weather surveillance, health sectors

PSX continues with bullish trend, gains 660 more points

ISLAMABAD, Apr 4 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 660.75 points, a positive change of 0.98 percent, closing at 68,416.78 points against 67,756.04 points the previous trading day. A total of 388,751,782 shares valuing Rs.17.882 billion were traded during the day as compared to 361,823,380… Continue reading PSX continues with bullish trend, gains 660 more points

Pakistan, Netherlands agree to explore new opportunities for partnership

ISLAMABAD, Apr 3 (APP):Pakistan and Netherlands here on Wednesday agreed on the significance of enhancing bilateral relations and exploring new opportunities for partnership in areas of mutual interest. According to press statement issued by finance ministry, Ambassador of the Kingdom of the Netherlands to Pakistan, Mrs. Henny de Vries called on Minister for Finance and… Continue reading Pakistan, Netherlands agree to explore new opportunities for partnership

PSX turns bullish, gains 89 points

ISLAMABAD, Apr 2 (APP): The 100-index of the Pakistan Stock Exchange (PSX) on Tuesday turned around to bullish trend, gaining 89.94 points, a slight positive change of 0.13 percent, closing at 66,886.26 points against 66,796.32 points the previous trading day. A total of 239,650,377 shares valuing Rs.8.940 billion were traded during the day as compared… Continue reading PSX turns bullish, gains 89 points

WB, IFC to continue support for Pakistan’s development goals

The World Bank (WB) and International Finance Corporation (IFC) here on Monday expressed resolve to continue support for Pakistan’s development goals and agendas for the welfare of the people of Pakistan. According to press statement issued by finance ministry, the Minister for Finance and Revenue, Muhammad Aurangzeb, was called on by WB Country Director,… Continue reading WB, IFC to continue support for Pakistan’s development goals

Prudent policies lead to sustainable economic recovery: Finance Ministry

ISLAMABAD, Mar 29 (APP):The country’s economic and financial position continues to improve with each passing month of the current fiscal year, attributed to prudent policy management and the resumption of inflows from multilateral and bilateral partners, finance ministry said in a recent report. According to monthly Economic Update and Outlook for March, Pakistan reached a… Continue reading Prudent policies lead to sustainable economic recovery: Finance Ministry

Weekly inflation falls slightly

ISLAMABAD, Mar 29 (APP):The weekly inflation measured by the Sensitive Price Indicator (SPI), witnessed a decrease of 0.09 per cent for the combined consumption groups during the week ended on March 28, the Pakistan Bureau of Statistics (PBS) reported on Friday. According to the PBS data, the SPI for the week under review in the… Continue reading Weekly inflation falls slightly

Economy commences on better note in 2024: Finance Minister

ISLAMABAD, Mar 29 (APP):Federal Minister for Finance and Revenue, Muhammad Aurangzeb on Friday said that with significant improvements in key economic indicators the economy in year 2024 commenced on a better note. Addressing the business community at Gong Ceremony at Pakistan Stock Exchange (PSX) Karachi, the minister said that the Ministry of Finance, in collaboration… Continue reading Economy commences on better note in 2024: Finance Minister

PSX closed at historic high level of over 67,000 points

ISLAMABAD, Mar 28 (APP):The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 594.34 points, a positive change of 0.89 percent, closing at historic level of 67,142.12 points against 66,547.79 points the previous trading day. A total of 421,118,268 shares valuing Rs.16.159 billion were traded during the day as compared… Continue reading PSX closed at historic high level of over 67,000 points

Author: Muhammad Ashraf Wani