Tag: Muhammad Aurangzeb

Aurangzeb Defends FY26 Budget as Relief-Focused and Industry-Friendly

Aurangzeb Defends FY26 Budget as Relief-Focused and Industry-Friendly

Islamabad, June 23, 2025 — Finance Minister Muhammad Aurangzeb described the FY 2025–26 budget as a “balanced” roadmap designed to ease public burden, stimulate industrial activity, tighten tax enforcement, and drive export‑led growth. He highlighted new concessions for middle-income earners: individuals with annual income between Rs 600,000 and Rs 1.2 million will now pay only

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Federal Cabinet Approves Record Financial Scheme to Clear Power Sector Circular Debt

Federal Cabinet Approves Record Financial Scheme to Clear Power Sector Circular Debt

Pakistan’s federal cabinet, led by Prime Minister Shehbaz Sharif, has endorsed the largest-ever financial intervention aimed at resolving the chronic Rs 1.275 trillion circular debt in the country’s power sector. This landmark plan proposes six-year refinancing of power sector liabilities without adding pressure to the national budget. Key components include: Prime Minister

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