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Articles for tag: Exportled, Finance, growth, Latest, Minister, Pakistan, shifts, stabilization

December 24, 2025

News Desk

Pakistan shifts from stabilization to export-led growth, says finance minister

Aurangzeb says reforms, easing inflation and stronger balance sheets are restoring investor confidence Finance Minister Muhammad Aurangzeb speaks during an interview with Reuters at the 2025 IMF/World Bank Annual Spring Meetings in Washington, DC, US, April 25, 2025. Photo: Reuters/ File Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb said that Pakistan has reached a critical turning point, with macroeconomic stability, ongoing reforms and policy continuity restoring confidence and shifting the economy towards export-led growth. He said the transition opens up new opportunities for domestic and global investors and positions the country for sustainable, long-term economic growth. Aurangzeb expressed

December 20, 2025

News Desk

The Ministry of Finance rejects claims for outstanding obligations under the NFC Award

A money changer measures out Pakistani currency in a market in Karachi. — AFP/File The ministry says NFC stocks were released to the provinces every fortnight. The KP stake was determined under the seventh NFC award: finance ministry. Center for financing the expenses of the newly merged regions: ministry. The finance ministry on Saturday clarified that the federal government had no outstanding obligations under the National Finance Commission (NFC) to the provinces, saying the provincial NFC shares were being released on a fortnightly basis. The clarification comes in the wake of allegations by Khyber Pakhtunkhwa (KP) Chief Minister Sohail Afridi

December 14, 2025

News Desk

No new IMF conditions, reforms align with agenda: finance ministry

The logo of the International Monetary Fund (IMF) is seen outside its headquarters building in Washington, U.S. on September 4, 2018. — Reuters The MEFP measures part of a gradual reform agenda: Ministry The EDF is designed to support medium-term structural reforms. The actions in the MEFP are derived from forms already undertaken by the government. The finance ministry on Sunday ruled out imposing any new conditions under the International Monetary Fund’s (EFF) loan programme, saying the lender’s structural benchmarks were in line with its own reform programme. “The measures outlined in the latest Memorandum of Economic and Financial Policies

December 7, 2025

News Desk

Climate finance is a fundamental right

LAHORE: The second Asia Energy Transition Summit kicked off on Saturday at the Lahore University of Management Sciences (LUMS) with extensive regional and international participation. Organized jointly by the LUMS Energy Institute (LEI), the Alliance for Climate Justice and Clean Energy (ACJCE) and the Pakistan Renewable Energy Coalition (PREC), the summit brought together senior government representatives, foreign diplomats, global climate leaders, development institutions, researchers and civil society networks from across Asia, Europe and the Pacific, to examine the economic landscape of Asia. transition. Delivering the opening address, Ahsan Iqbal, Federal Minister for Planning, Development and Special Initiatives, highlighted the strategic

November 16, 2025

News Desk

FinMin urges faster climate finance

Finance and Revenue Minister, Senator Muhammad Aurangzeb. Photo: APP BELÉM: Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, delivered a keynote speech at the Climate Finance Dialogue held alongside the 30th Conference of the Parties (COP-30) in Belém, Brazil, calling for faster global climate finance and simpler access for developing economies. According to an official statement issued on Saturday, the minister highlighted Pakistan’s urgent climate vulnerabilities and highlighted ongoing reforms and policy initiatives. He called for accelerated funding, improved access and stronger technical assistance for developing countries. Aurangzeb regretted his inability to attend the event in person due to

November 7, 2025

News Desk

Blue economy will be a ‘game changer’ for Pakistan: Finance Minister Aurangzeb

Finance Minister Muhammad Aurangzeb addressing the Maritime Conference, November 4, 2025. — Screengrab via Geo News Target $100 billion by 2047 from about $1 billion today. Seafood exports were targeted at $2 billion in 3-4 years. Ports, logistics upgrades for development. Finance Minister Muhammad Aurangzeb said Pakistan’s blue economy will be a game-changer for the country, backed by a clear roadmap and ambitious targets set by the Ministry of Maritime Affairs. Speaking at a virtual maritime conference, Finance Minister Muhammad Aurangzeb said Pakistan’s starting point in the blue economy sector is “quite modest”, contributing about 0.4% to 0.5% of the

October 27, 2025

News Desk

The finance department expects inflation to remain in the 5-6% range in October

People buy vegetables in a local market in Lahore. — AFP/File The government records a surplus of Rs1.5tr during July-September. The report estimates damages of 430 billion rupees due to recent floods. Commodity prices increased due to supply disruptions, border closures. ISLAMABAD: The Finance Department has forecast Consumer Price Index (CPI) inflation to remain in the range of 5-6% in October. In this month’s Economic Update and Outlook report, the Finance Department said supply disruptions related to flooding and temporary border closures were putting “upward pressure” on the prices of some key commodities. The forecast follows inflation of 5.6% in

September 24, 2025

News Desk

Russia’s Ministry of Finance proposes an increase in VAT to finance war in Ukraine

The Russian Ministry of Finance has proposed to increase the rate of value added on Wednesday to 22% from 20% in 2026 to fund military spending on the fifth year of the war in Ukraine. The proposal comes as US President Donald Trump called Russia a “paper tiger” for “unnecessary battles for three and a half years” and said President Vladimir Putin and Russia were in a “big financial problem”. Putin marked last week that he was open to raising certain taxes to make financial limbs meet during the war, noting that the United States had increased taxes on rich

August 26, 2025

News Desk

The President alerts the formation of the 11th National Finance Committee with nine members

President Asif Ali Zardari giving addresses to Aiwan-e-Sadr, Islamabad, August 11, 2025-Inp Federal Minister of Finance for the presidency of the New NFC. The provinces are appointed experts alongside the finance ministers. The terms include taxes, grants and fiscal forces. Islamabad: President Asif Ali Zardari was officially the 11th National Finance Committee (NFC) to address critical fiscal issues between the Federation and the provinces. The committee, consisting of nine members, was announced through notification issued by the Department of Finance on Friday, which was also dissolved by the 10th NFC formed in July 2020. According to the notice, the Federal

July 7, 2025

News Desk

BRICS Summit ends with an invitation to finance climate mitigating

Listen to the article The leaders of the BRICS team of developing nations completed their Summit in Rio de Janeiro on Monday, asking rich countries to take responsibility for funding climate mitigation efforts in the world. In his initial observations, Brazilian President Luiz Inácio Lula da Silva, who will host the United Nations Summit for Climate in November, condemned the refusal of climate change and unilaterally, indirectly criticizing the previous US President Donald’s previous decision. “Today, denial and unilateral disagreement eroded past achievements and harm our future,” Lula said. “The world south is able to lead a new model of

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