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Articles for tag: admits, companies, country, Energy, Expensive, FinMin, high, leaving, Taxes

January 15, 2026

News Desk

FinMin admits that some companies are leaving the country because of high taxes and expensive energy

Finance Minister Muhammad Aurangzeb addresses the Pakistan Policy Dialogue in Islamabad on January 14, 2026. — Screengrab via Geo News 20 new foreign investors entered Pakistan market: FinMin. He says investors include Google, Aramco, Wafi Energy, Turkish Petroleum. It adds up to nearly Rs 1 trillion wasted annually due to inefficiencies in state-owned enterprises. Finance Minister Muhammad Aurangzeb admitted on Wednesday that some companies are leaving the country because of high taxes and expensive energy, stressing that the government is fully aware of the challenges facing the economy. However, the finance minister said there are 20 new foreign investors including

December 19, 2025

News Desk

FinMin assesses progress on $1bn Panda Bond programme

Chinese investor interest signals strong confidence in Pakistan’s economic reforms Finance and Revenue Minister, Senator Muhammad Aurangzeb. Photo: APP Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb reviewed the progress on Pakistan’s inaugural Panda Bond issuance under a planned $1 billion program aimed at diversifying funding sources and supporting debt sustainability. He was briefed by officials of the Ministry of Finance’s Debt Management Office on regulatory approvals, investor outreach and market readiness as Pakistan prepares to enter China’s onshore bond market with the first issue targeted for January. Pakistan Moves Towards US$1 Billion Panda Bond Program With Inaugural Issue

December 19, 2025

News Desk

Pakistan moves away from trade aid with GCC countries: FinMin

Finance Minister Muhammad Aurangzeb gives an interview to CNN Business Arabia. — X/@kschehzad Inflation falls to single digits from 38% peak. Primary surpluses and reserves bolster external safety reserves. Rating agencies upgrade Pakistan’s outlook this year. Finance Minister Muhammad Aurangzeb said Pakistan is moving away from aid-based support to trade and investment, with an emphasis on deeper economic partnerships with Gulf Cooperation Council (GCC) countries. In an interview with CNN Business ArabiaAurangzeb said the strategic shift, which he said has been clearly articulated by Prime Minister Shehbaz Sharif, reflects Pakistan’s renewed economic confidence and reform momentum, aimed at long-term economic

December 13, 2025

News Desk

Asset Disclosure Law of Public Servants Already Adopted Based on IMF Commitments: FinMin

An undated image of Senator Muhammad Aurangzeb’s Federal Finance Minister. — APP/File The IMF sought transparency regarding the assets of civil servants: Minister. Aurangzeb says the assets were published on the government website on December 31. The government’s role is to facilitate the environment for economic activity: FinMin. Federal Finance Minister Senator Muhammad Aurangzeb said legislation requiring disclosure of assets by government employees has already been enacted in line with commitments to the International Monetary Fund (IMF). Addressing a ceremony in Lahore, the minister said the IMF has asked for greater transparency about the assets of civil servants, adding that

December 6, 2025

News Desk

FinMin says Pakistan has rebuilt fiscal buffers, eyeing sustainable growth at Doha Forum

Pakistan ‘entering right path of reform and resilience’, with post-IMF review pressures easing: Aurangzeb Finance Minister Senator Muhammad Aurangzeb addresses the session on ‘Global Trade Tensions: Economic Impact and Political Responses in MENA’ at the Doha Forum on Saturday. Photo: X Finance Minister Senator Muhammad Aurangzeb delivered a confident message of economic stabilization and long-term reform at the Doha Forum, telling a high-level panel that Pakistan “has rebuilt fiscal buffers, restored external balance and is now shifting decisively from stabilization to sustainable development.” Speaking at the “Global Trade Tensions: Economic Impact and Policy Responses in MENA” session on Saturday, the

November 17, 2025

News Desk

Pakistan’s economic future is linked to population, climate action: FinMin Aurangzeb

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb addresses the ceremony on November 17, 2025. — APP FinMin addresses District Vulnerability Index for Pakistan ceremony. Climate change exposes communities to extreme conditions: FinMin. The minister emphasizes that the relationship between population and climate must be recognized. Federal Finance Minister and Senator Muhammad Aurangzeb said on Monday that Pakistan’s long-term economic outlook was inextricably linked to how effectively the country tackled the twin national challenges of rapid population growth and increasing climate vulnerability. He expressed these views while speaking at the launch ceremony of District Vulnerability Index for Pakistan (DVIP),

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 5, 2025

News Desk

Google aims to make Pakistan an export hub, says FinMin Aurangzeb

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb addressing the 9th Edition of the Summit in Karachi on November 4, 2025. — X@Financegovpk Govt to privatize PIA by year-end, says finance minister. It adds the private sector vital for sustainable growth with exports. Aurangzeb highlights huge opportunities in the blue economy. KARACHI: Finance Minister Muhammad Aurangzeb on Wednesday welcomed the start of a Google Chromebook assembly line in Pakistan and said the tech giant aims to make Pakistan an export hub, highlighting the country’s growing potential in the technology and shipping sectors. Speaking at the Future Summit in Karachi,

October 23, 2025

News Desk

FinMin says stabilizing Pakistan’s economy expects GDP growth of 3.5% this year

An undated picture of Finance Minister Muhammad Aurangzeb speaking during an interview. — AFP/File He says inflation has come down to single digits, policy rates have eased. Major foreign exchange reserves cover well for 2.5 months of imports. All 3 rating agencies have upgraded Pakistan’s credit outlook. Pakistan expects its economy to grow by 3.5 percent this fiscal year despite flood-related setbacks, Finance Minister Muhammad Aurangzeb said in an interview in CGTN America Talk show ‘Heat’, citing improved stability, lower inflation and stronger foreign reserves. Aurangzeb said the current government’s economic measures are paying off as inflation has been in

October 23, 2025

News Desk

Some multinationals exit, others enter as Pakistan clears $4bn debt: FinMin

Finance Minister Muhammad Aurangzeb speaking on Geo News program “Capital Talk”, Islamabad, October 22, 2025. — Screengrab via YouTube/Geo News 80% of flood damage occurred in Punjab: FinMin. Income tax relief extended to lower income earners: Aurangzeb. Minister says wheat deregulation policy expected in 2026. Finance Minister Muhammad Aurangzeb said on Wednesday that while some multinational companies have pulled out of Pakistan, several new investors are entering the market, reflecting renewed investor confidence amid signs of macroeconomic stability. Speaking of Geo News on the program “Capital Talk”, the finance minister said that the withdrawal of some foreign companies should not

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