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October 7, 2025

News Desk

PIA privatization enters the final stage, says Aurangzeb

Finance Minister Muhammad Aurangzeb has announced that the privatization of Pakistani International Airlines has entered its final phase, while the government is also actively considering the external assignment of Islamabad’s international airport and the privatization of energy distribution companies. Aurangzeb made observations during a meeting on Tuesday with a delegation led by the founder and chief executive of Acumen Jacqueline Novogratz. The meeting focused on investment opportunities, climate durability and ongoing economic reforms in Pakistan. In a formal statement, the Ministry of Finance stated that the minister informed the delegation on the government’s agenda and the efforts to stabilize the

September 3, 2024

News Desk

Finmin Aurangzeb describes Pakistan’s path to sustainable economic development

Pakistan’s Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment to steer the economy towards stability and sustainable growth. Speaking at a recent media briefing, Aurangzeb referred to the country’s ongoing economic challenges and the efforts being made to address them. He stressed that despite the difficulties, significant progress has been made, particularly in terms of remittances and credit assessments. Aurangzeb noted that remittances remained stable, reflecting the confidence of overseas Pakistanis in the country’s economic management. He further said that two prominent international rating agencies have maintained Pakistan’s credit ratings, which he interpreted as a positive sign that the country’s

August 24, 2024

News Desk

Pakistan seeks Turkish expertise to boost aviation industry

Listen to the article Finance Minister Senator Muhammad Aurangzeb stressed the importance of cooperation with Turkey in the aviation sector, describing it as a “vital component” of the two nations’ bilateral relations. His comments were made during a meeting on Friday with Pegasus Airlines Chairman Mehmat T. Nane and Lucky Cement Limited Managing Director Muhammad Ali Tabba. Aurangzeb said the partnership aligned with Prime Minister Shehbaz Sharif’s vision to upgrade Pakistan’s aviation industry. He also referred to a recent meeting with the Turkish trade minister, where discussions covered various avenues to strengthen trade and business cooperation between the two countries.

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