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Articles for tag: buffers, Doha, eyeing, FinMin, fiscal, Forum, growth, Latest, Pakistan, Rebuilt, sustainable

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 10, 2025

News Desk

Chief Minister Shehbaz heralds cashless economy plan as key to sustainable growth

Prime Minister Shehbaz Sharif addressing the launch ceremony of Prime Minister Youth Laptop Scheme 2025, Islamabad, October 30, 2025. — APP Prime Minister orders a rural awareness drive to go cashless. Raast QR enabled for electricity and gas bill payments. Ten million BISP wallets to activate this month. ISLAMABAD: Prime Minister Shehbaz Sharif on Monday stressed that ongoing initiatives to transform the country into a cashless economy will play a vital role in ensuring sustainable development. Chairing a meeting to review progress on these initiatives, the Prime Minister asked the relevant authorities to intensify awareness campaigns in rural areas to

November 3, 2025

News Desk

The economy is moving in the right direction, the primary objective is to ensure sustainable stability: Aurangzeb

Finance Minister Muhammad Aurangzeb (second left) addresses a press conference in Islamabad on November 3, 2025. — Screengrab Geo News Govt not planning new taxes, says FBR chairman. The Minister of Energy says a 10.5% reduction in electricity prices. The government is accelerating the privatization effort. The PIA process is ongoing. ISLAMABAD: Finance Minister Muhammad Aurangzeb said Pakistan’s economy is moving in the right direction with “visible signs” of improvement in key sectors. Addressing a reporter alongside the government’s economic team on Monday, Aurangzeb said the government has made “significant progress” towards achieving macroeconomic stability, adding that the recently reached

November 2, 2025

News Desk

US, Pakistan explore cooperation on critical minerals, sustainable investments

Finance and Revenue Minister Senator Muhammad Aurangzeb (centre) during the meeting in Islamabad on October 31, 2025. — X@Financegovpk ISLAMABAD: In a bid to deepen bilateral cooperation in Pakistan’s rapidly emerging minerals sector, Critical Minerals Forum (US) Chairman Robert Louis Strayer II and US Chargé d’Affaires Natalie Baker on Friday met with Finance and Revenue Minister Senator Muhammad Aurangzeb. Discussions focused on strengthening cooperation in the exploration of critical minerals, ensuring supply chain security and promoting responsible, sustainable investment to unlock Pakistan’s vast mineral potential. Both sides expressed their commitment to continued engagement and cooperation in the minerals sector, in

June 11, 2025

News Desk

Govt to resist BOOM-BUST cycle for sustainable development, says PM’s assistant

Salman Ahmad, a member of the financial advisory board talking to the Capital Talk Show on June 11th 2025. – Screengrab via Geo News Salman Ahmad, a member of the Financial Council, said the established government led by Prime Minister Shehbaz has decided to resist the explosion and bust cycle to ensure sustainable economic growth. Speech Geo News Capital Talk program, he noted that the government was actively involved in a comprehensive exercise of rights aimed at eliminating the dismissal, overlapping and ineffectiveness in federal ministries and departments to reduce taxpayers’ burden and support financial. He explained that where public

December 30, 2024

News Desk

FinMin urges all stakeholders to come together for sustainable financial stability

Finance Minister Muhammad Aurangzeb speaks to farmers and other stakeholders in Kamalia town of Punjab on December 29, 2024. — Screengrab via Geo News Lower interest rates will boost economic growth through 2025. Private sector involvement was suggested for loss-making institutions. The minister is committed to tax reform, he is committed to fighting tax evasion. Finance Minister Muhammad Aurangzeb urged all stakeholders to develop consensus on key issues, including the “charter of the economy” to bring sustainable economic stability to the country. Senator Aurangzeb reiterated that while the challenges are many, economic reforms require collective efforts. “We are collecting proposals

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 14, 2024

News Desk

Digitization to help achieve sustainable development

Islamabad: Finance and Revenue Minister Ali Pervez Malik emphasized that if the country needs to achieve a more inclusive and sustainable growth, then end-to-end digitization of the Federal Board of Revenue (FBR) is imperative. While chairing the first meeting of the task force on digitization of FBR, held on Tuesday at the FBR headquarters and co-chaired by DG C41 Lt. Gen. Syed Ali Raza, the foreign minister said that the prime minister had constituted the task force to full submission of recommendations digitize all systems in FBR. He explained that the ultimate objective of the task force was to formulate

June 23, 2024

News Desk

The retail industry supports sustainable tax policies

Islamabad: In a crucial meeting with the Senate finance committee, representatives of the Pakistan Retail Business Council (PRBC) presented their view against the proposed increase in sales tax from 15% to 18% on retail outlets connected to the Point of Sales ( POS). The claim was convincing enough that it not only won the consent of all the senators but also left the representatives of the Federal Board of Revenue (FBR) without a substantial counter-argument. The PRBC highlighted a critical flaw in the current tax structure as only 5% of the retail sector was registered and compliant, while a staggering

June 10, 2024

News Desk

The reformed energy sector key to sustainable economic growth

Wapda workers install new electricity cables on pylons on Chak Shahzad Road in Islamabad on February 29, 2024. — APP Pakistan’s economy cannot be put on a path of sustainable growth unless the energy sector is revamped and reformed with the feature of huge gains through efficiency coupled with changing the mode of the economy from import-led to export-led. . For the export-led economy, Pakistanis must become a manufacturing nation. The country badly needs to reform the power sector which has now become virtually unsustainable and unsustainable with annual electricity theft of Rs 589 billion, 87% recovery of electricity bills,

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