The Latest Breaking News from Muhammad Aurangzeb

Pakistan sees growth above 4%, looks to raise more than $1 billion from privatisation

The outlook for Pakistan's economy appears optimistic, with anticipated growth rates of over 4% this fiscal year, spurred by strategic government privatization initiatives. The finance minister outlined plans to privatize five to six state-owned enterprises, potentially yielding upwards of $1 billion in revenue. Additionally, negotiations with the United States are…

The Economic Times · Oct 12

Pakistan braces for protests as govt warns of $400 million daily loss

Pakistan’s government has put heavy restrictions on protestors warning them that those seeking to march towards Islamabad with the government warning that disruptions could cost the economy around $400 million a day as separate marches by Jamaat-i-Islami (JI) and Imran Khan’s Pakistan Tehreek-i-Insaf (PTI) put pressure on the capital.

The Times of India · Sep 21

Pakistan to seek bigger China swap line as $30 billion facility nears renewal

Pakistan plans to request an increased swap line with China upon its 2027 expiration. The nation anticipates a U.S. response regarding a proposed $10 billion stabilization facility soon. Discussions are ongoing with U.S. entities for potential aircraft and refinery financing. Pakistan navigates elevated crude oil prices due to Middle East…

The Economic Times · Sep 17

Pakistan seeks $10 billion US stabilization facility to shore up reserves

Pakistan has requested a ten billion dollar exchange stabilization facility from the United States. This loan aims to bolster foreign exchange reserves and ease pressure on the Pakistani rupee. The request follows Pakistan's diplomatic efforts in brokering talks over the Iran war. This facility would reduce reliance on multilateral financing…

The Economic Times · Jul 22

Pakistan abolishes ‘period tax’ after landmark campaign to promote sanitary products

In a country where periods are rarely discussed in public, a tax exemption on sanitary products is being hailed as a breakthrough. Campaigners tell Shweta Sharma this is just the first victory in the long and arduous battle ahead

The Independent UK · Jun 18

‘Period tax’ on sanitary products to be abolished, says Pakistan minister

Campaigners welcome announcement cutting levies on menstrual health items, but say their work to end period poverty is ‘far from over’

The Guardian - UK · Jun 17

Pakistan sees room to improve FY27 outlook after Iran war ends, says Finance Minister Aurangzeb

Pakistan's Finance Minister Muhammad Aurangzeb sees potential economic upsides for fiscal year 2027 following the end of the Iran conflict. However, he cautioned that it is too early to revise the budget presented just days ago. The government's immediate focus was managing the conflict's impact on energy and inflation. The…

The Economic Times · Jun 16

Pakistan eyes more global bond issues, sees budget upside from Iran deal

Pakistan's Finance Minister Muhammad Aurangzeb stated it's too early to revise the budget despite potential economic improvements post-Iran war. He noted that damaged energy infrastructure will delay supply chain normalization and inflation recovery. Aurangzeb also indicated plans to shift towards commercial borrowing to alter Pakistan's creditor profile without increasing overall…

The Economic Times · Jun 16

Pakistan raises defence budget by 17.6% as Shehbaz government unveils new fiscal plan

Pakistan has unveiled a 17.6 per cent increase in defence spending for the 2026-27 fiscal year, allocating PKR 3,000 billion.

The Times of India · Jun 12

Pakistan's finance minister presents the country's next budget that hikes defense spending

Pakistan's finance minister has presented the new budget to lawmakers, a draft that hikes defense spending by 18% while trimming funding for development programs and offering modest tax reliefs for salaried workers

AAP · Jun 12