{
Muhammad Aurangzeb

People

}
Pakistan engages IMF on $7 billion bailout reform agenda amid economic challenges
Pakistan's Finance Minister Muhammad Aurangzeb announced discussions with the IMF regarding a $7 billion bailout reform agenda, emphasizing that no new taxes will be imposed. The talks, which are unusual so soon after the IMF's approval of the bailout, focused on reforms in taxation, the energy sector, privatization of loss-making state-owned enterprises, and public finance. The first review of these reforms is scheduled for the first quarter of 2025.
Moneycontrol
International Monetary Fund FUND PAK Muhammad Aurangzeb
Finance & Economy, News Article
15:43 17.11.2024
Pakistan government confirms no new taxes for current fiscal year
Pakistan's Finance Minister Muhammad Aurangzeb announced that the government will not impose additional taxes through a mini-budget for the current fiscal year, as it is on track to meet its tax collection target. The goal is to achieve 13 trillion rupees ($47 billion) by June.
bloomberg.com
Pakistani Rupee Geo TV PAK Muhammad Aurangzeb
Finance & Economy, News Article
10:12 17.11.2024
Pakistan seeks additional 10 billion yuan loan from China amid financial crisis
Pakistan has requested an additional 10 billion yuan (USD 1.4 billion) loan from China, having already utilized the existing 30 billion yuan (USD 4.3 billion) trade facility. Finance Minister Muhammad Aurangzeb sought to raise the currency swap agreement limit to 40 billion yuan during discussions with China's Vice Minister of Finance, Liao Min. This request marks another attempt to increase the debt limit, which has been declined by Beijing in the past.
Moneycontrol
Chinese Yuan IMF The Express Tribune International Bank For Reconstruction And Development - World Bank Trust Funds CHN PAK Liao Min Muhammad Aurangzeb Show more
Finance & Economy, News Article
10:33 27.10.2024
Pakistan seeks debt relief from China to lower electricity prices
Pakistan's finance minister reported encouraging discussions with China regarding the extension of debt maturities linked to the Belt and Road Initiative. This move aims to alleviate financial pressure on the country, which has seen electricity prices triple in recent years, surpassing some household rents.
Bloomberg.com
United States Dollar Belt and Road Initiative PAK Muhammad Aurangzeb
Finance & Economy, News Article
21:08 22.10.2024
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