FINANCE Minister Muhammad Aurangzeb is getting the drift. He has spent his 10 months in power trying to ensure he leaves none of his core constituents unhappy. The establishment wanted him to stabilise the economy by staying the course with the IMF and getting onto a successor programme, which he managed to do in September of 2024, when the Extended Fund Facility received board approval. His ow
Minister of State for Information Technology and Telecom Shaza Fatima Khawaja held a meeting on Tuesday with a delegation from Starlink to discuss the progress on the licensing of the satellite-based internet service provider. Starlink Services, owned by Elon Musk, is one of the most technologically advanced companies globally among those providing internet via Low Earth Orbit (LEO) satellites.
Prime Minister Shehbaz Sharif on Wednesday stressed the need to honour the International Monetary Fund (IMF) commitments, insisting that the government could not bid farewell to the programme just yet. In July last year, Pakistan and the IMF reached a three-year, $7 billion aid package deal, giving much-needed respite to the cash-strapped nation. Under the programme, the global lender manda
The Federal Board of Revenue (FBR) has begun inviting tax proposals from all stakeholders to enhance the formulation process and reduce backend procedural burdens for Budget 2025-26. The FBR has set Jan 31 as the deadline for receiving budget proposals, advancing its plan to engage all stakeholders in the budget process. In another letter, the commerce ministry has requested tariff-related
The government on Wednesday slashed the returns on treasury bills by up to 49 basis points and raised much below the staggering amount of bids, reflecting another possibility of an interest rate cut. The government raised Rs424.15 billion through the T-bill auction against a target of Rs250bn. The investors looked eager to park their surplus liquidity in the risk-free government papers as the