New Delhi, July 23 (IANS) Pakistan’s finance minister, Muhammad Aurangzeb, has requested the US Treasury Secretary Scott Bessent for a $10 billion Exchange Stabilisation Support Facility to bolster the country’s foreign exchange reserves and ease debt pressures, a new report has said.The report from India Blooms News Service cited a Dawn report that officials at Pakistan’s embassy in Washington confirmed Aurangzeb’s request in talks with US Treasury Secretary Scott Bessent but did not prov…
Latest Muhammad Aurangzeb News & Updates
Islamabad, July 20 (IANS) The Karachi Goods Carriers Association (KGCA) have rejected the recent hike in prices of petrol and diesel and warned of a nationwide wheel-jam strike if the decision is not withdrawn within 24 hours, local media reported on Monday. Speaking at a press conference on Sunday, KGCA General Secretary Nadeem Akhtar Arain said transporters would stop movement of goods, close offices and launch a nationwide protest in coordination with transport bodies across Pakistan.He said …
New Delhi, April 17 (IANS) As deliberations on the upcoming budget gather pace, Pakistan Finance Minister Muhammad Aurangzeb’s recent engagement with trade bodies and the business community has thrown up a set of entrenched concerns that continue to weigh on economic activity, according to an editorial in the Karachi-based Business Recorder newspaper. Stakeholders pointed to the persistently high cost of doing business, tightening liquidity, chronic infrastructure gaps and most importantly, po…
Islamabad, March 17 (IANS) A car worth Pakistani Rupees (PKR) 90 million has been bought for Pakistan’s Senate Chairman Yousuf Raza Gilani from the Senate’s budget even as a majority of the country’s population battles rising inflation, the local media reported.According to sources, the vehicle was purchased from the Senate budget and has already arrived at the Pakistan’s Senate Secretariat. When asked about the purchase, Gilani, a former Prime Minister of Pakistan, said that the car has already…
New Delhi, Jan 25 (IANS) With exports stagnating and cost of doing business skyrocketing, Pakistan is going through an ‘investment emergency’ amid ad-hocism and a lack of transparency in policy affairs, a new report has revealed.According to the Federation of Pakistan Chambers of Commerce and Industry, the cost of doing business in Pakistan is 34 per cent higher than that of its neighbours and regional states.“This pushes the entire gamut of the economy on a slippery note as industries, entrep…
New Delhi, Jan 17 (IANS) The admission by Pakistan Finance Minister Muhammad Aurangzeb that some multinational companies have left the country due to ‘high taxes and energy costs’ has proved that doing business there is becoming extremely difficult for global firms.Addressing the Pakistan Policy Dialogue, hosted by Policy Research and Advisory Council (PRAC), in Islamabad, he said there are firms that are leaving Pakistan, “which is true”, reports Pakistan Observer.“We must acknowledge if …