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The Latest Breaking News from Muhammad Aurangzeb

Pakistan Seeks $10 Billion US 'Brokerage Fee' After Playing Mediator in US-Iran Conflict

Pakistan has requested a $10 billion US exchange stabilisation fund to bolster its economy, despite concerns over its long-term economic reforms.

International Business Times UK

Pakistan seeks $10 billion fund from US after mediating Iran talks

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

The Economic Times

After Argentina, Pakistan Reportedly Seeks $10 Billion US Backstop Facility to Bolster Fragile Economy

In a bid to strengthen its economy, Pakistan has reportedly sought a $10 billion exchange stabilization facility from the United States.

Benzinga

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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

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

‘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

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

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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

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

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

Pakistan budget raises defence spending, squeezes development to meet IMF goals

Finance Minister Muhammad Aurangzeb told parliament the government would allocate 3 trillion rupees for defence in the fiscal year starting July, up 18% from the outgoing year, while setting federal development spending at 1 trillion rupees.

The Economic Times

Cash-strapped Pakistan to receive $5bn from Saudi, Qatar as debt mounts

Pakistan is set to receive $5 billion in financial support from Saudi Arabia and Qatar, easing pressure on its external position and foreign exchange reserves. This crucial aid comes as Islamabad prepares to repay $3.5 billion to the UAE this month, with Finance Minister Aurangzeb engaging in economic outreach at…

The Times of India

How is Pakistan raising money for a 20 percent hike in defence spending?

Pakistan hikes its defence budget by 20 percent after border clashes with India, economy remains reliant on IMF loans.

Al Jazeera

‘Clear message’: Can Binance founder help Pakistan become a crypto power?

New crypto council marks shift in Pakistan’s digital finance policy but sceptics question if the country is ready.

Al Jazeera

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International Business Times

Pakistan Aims To Privatize Flag Carrier In November: Finance Minister

Pakistan is hoping to finalize both the delayed privatization of its flag carrier and the outsourcing of Islamabad's international airport in November, the country's finance minister said Wednesday.

Al Jazeera

Is Pakistan’s $7bn IMF bailout package in trouble?

Pakistan’s deputy prime minister has accused the IMF of stalling on a loan deal, prompting concerns over its fate.

The Independent UK

Pakistan’s new government presents its first budget as it seeks a new long-term IMF bailout

Pakistan’s new coalition government presented its first budget in parliament

International Business Times

Pakistan And IMF Discussing New Multi-billion-dollar Program, Finance Minister Says

Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister told AFP on Monday.

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The Times of India

Muhammad Aurangzeb: From JPMorgan to Pakistan’s finance minister with no pay

Pakistan’s new finance minister is on a mission to fix his country. To many, it’s an unenviable task.

Al Jazeera

Who is Muhammad Aurangzeb, the man tasked with fixing Pakistan’s economy?

A veteran banker, Aurangzeb is a political outsider who analysts say must grapple with IMF reforms and crippling debt.

People

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