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KARACHI - Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Tuesday said that the current account performance remains strong due to record remittance flows.

Les 10 et 11 juillet prochains, le CCI Ivato accueillera la deuxième édition de la Foire aux Crédits et Investissements, un rendez-vous grand public consacré à l’accès au crédit, à l’investissement et aux nouvelles solutions financières. La finance se veut plus proche des citoyens avec la Foire aux Crédits et Investissements. Organisée les 10 et […] L’article Finance et innovation : Foire aux Crédits et Investissements, la semaine prochaine au CCI Ivato est apparu en premier sur Midi Madagasikara.

The Ministry of Finance said on Thursday that a media report claiming Deputy Prime Minister and Foreign Minister Ishaq Dar had been handed the budget-making process was “misleading” and “factually incorrect”. The clarification came after a report published by The Express Tribune said the government had “handed over the responsibility of making the new budget to Dar after it found the initial work below par”. According to the report, Prime Minister Shehbaz Sharif had constituted a Dar-led committee to “review, analyse and present tax policy proposals” formulated by the Tax Policy Office working under the Finance Division. Citing a notification, it added: “With the formation of the committee, the final responsibility to finalise roughly Rs215 billion to Rs230bn in new taxes and to grant any tax relief has been handed over to Dar.” Moreover, the report said, the responsibility for finalising the enforcement measures had been handed over to a committee led by Minister for Economic Affairs Ahad Khan Cheema. It men...

ISLAMABAD - Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Wednesday briefed the visiting International Monetary Fund (IMF) Mission on Pakistan’s macroeconomic outlook, fiscal strategy, reform priorities, and the government’s ongoing efforts to ensure sustainable economic stability and long-term.

ISLAMABAD: The Ministry of Finance and the State Bank of Pakistan (SBP) on Thursday showed unanimous optimism over economic growth and achieving fiscal and current account targets despite the regional crisis. The development comes amid anticipated approval of disbursements worth over $1.2bn by the International Monetary Fund (IMF) on Friday and the scheduled visit of another mission for next year’s budget formulation on May 15. Testifying before the National Assembly’s Standing Committee on Finance and Revenue, SBP Governor Jameel Ahmed confirmed that the SBP had purchased about $27bn from the market over the past three years, including $4.5bn so far this year, to boost foreign exchange reserves. He said the expected $1.2bn disbursements from the IMF would take foreign exchange reserves beyond $17bn by the end of the current fiscal year — enough for three months of import cover. Meanwhile, Finance Minister Muhammad Aurangzeb said that Pakistan had received regulatory approval from China for the inaugural laun...

ISLAMABAD: Despite a healthy primary balance of 3.3 per cent of gross domestic product (GDP) at home, the Ministry of Finance on Thursday warned that Pakistan’s external sector may be facing risks owing to emerging global uncertainties and regional supply disruptions amid a higher rate of inflation. “External demand may remain supportive in some markets but the balance of risk becomes less favourable than in a pre-war setting,” the ministry said in its Monthly Economic Update and Outlook for April 2026. It said the ongoing Middle East conflict was posing new risks and heightened uncertainty regarding the macroeconomic outlook. The ministry forecast April’s inflation rate — measured by the consumer price index — at 8 to 9pc, significantly higher than 7.3pc in March. It highlighted that the overall primary surplus in the first eight months of the current fiscal year was recorded at 3.3pc of GDP (Rs4.319 trillion) as compared to 3pc (Rs3.452tr) last year. During July-March Fiscal Year 2026, the Federal Board of ...

Ethereum Price Prediction: Wall Street Is Choosing Ethereum — Is ETH Becoming the Backbone of Finance? The post Ethereum Price Prediction: Wall Street Is Choosing Ethereum — Is ETH Becoming the Backbone of Finance? appeared first on Cryptonews.

The Ministry of Finance said on Saturday that the federal government released provincial shares under the National Finance Commission (NFC) on a fortnightly basis, adding that “no outstanding liabilities exist in this regard”. The statement from the ministry came a day after Khyber Pakhtunkhwa Chief Minister Sohail Afridi accused the federal government of stalling development in the merged tribal districts by not disbursing funds under the NFC resource-distribution formula for the current fiscal year. In the statement released on Saturday, the ministry reaffirmed the federal government’s “continued commitment to ensuring timely, transparent, and sustained financial transfers” to KP under the NFC Award and beyond. It said that under the 7th NFC Award, KP’s share was determined at 14.62 per cent of the provincial share in the divisible pool. “In recognition of the extraordinary burden borne by the province during the war on terror, an additional one per cent of the undivided divisible pool was allocated exclusi...

Revolut, one of the world’s most widely used platforms for fast cross border payments, has tapped Ethereum’s L2 Polygon to supercharge its new stablecoin remittances service.This adds fresh momentum to a bullish Ethereum price prediction, and here is why.So far, Revolut has moved an impressive 690 million dollars through Polygon since the two projects first […] The post Ethereum Price Prediction: European Banking Giant Goes All In on ETH Tech – Is ETH the Future of Finance? appeared first on Cryptonews.

• Employees to pay 10pc, govt 12pc • Pension liabilities rise to Rs1.055tr in 2024-25, driven by armed forces pensions ISLAMABAD: With some discretionary changes, the government announced on Friday that federal employees will contribute 10 per cent of their pensionable pay to qualify for a 12pc contribution from the public exchequer under the newly formalised contributory pension fund scheme. The total contribution rate will thus be 22pc, replacing the traditional pension system for new entrants. The Ministry of Finance (MoF) published the “Federal Government Defined Contribution (FGDC) Pension Fund Scheme Rules 2024” under the Public Finance Management Act 2019, which regulates the scheme according to the Voluntary Pension System Rules 2005 and Non-Banking Finance Companies and Notified Entities Regulations 2008. These rules supersede an earlier MoF order of August 2024, which had set the government’s contribution at 20pc. On Aug 20, 2024, the MoF initially announced the introduction of the contributory pens...

UK Finance launched a tokenized deposits pilot in partnership with six major banks, including Barclays, HSBC and Lloyds Banking Group. UK Finance, a trade association representing over 300 financial services firms in the United Kingdom, has launched a joint pilot project for tokenized sterling deposits (GBTD). The trade group began the pilot phase for the tokenized deposits project, which aims to provide a digital representation of traditional British pound commercial bank money, it announced on Friday. The pilot was launched in collaboration with six major banks operating in the UK, including Barclays, HSBC, Lloyds Banking Group, NatWest, Nationwide and Santander. Read more

Shiba Inu’s DeFi team offered a $23,000 bounty to the Shibarium bridge attacker after a $2.4 million exploit, urging the return of stolen funds. Shiba Inu’s decentralized finance platform on its Shibarium layer-2 network offered a 5 Ether ($23,000) bounty to the attacker behind a recent bridge exploit, urging the return of stolen assets. On Monday, the DeFi platform sent an onchain message to the attacker saying that the bounty offer will remain open for 30 days. The protocol added a deadline and a condition that the bounty will begin decreasing in seven days. “Settlement is atomic when we call recoverKnine(). If you call accept() we cannot cancel the deal. Code is law,” K9 Finance wrote. “Bounty is live. Please, act fast.” Read more

The Ministries of Finance of Ukraine and the Republic of Slovenia have signed a memorandum of cooperation aimed at deepening cooperation in the debt sector.

ISLAMABAD - President Asif Ali Zardari has given his assent to the Finance Act 2025, which outlines the budget for the upcoming fiscal year with an outlay of Rs17.

President Asif Ali Zardari has given his assent to the Finance Act 2025, which outlines the budget for the upcoming fiscal year with an outlay of Rs17.57 trillion, it emerged on Monday. According to a gazette notification dated June 29, available with Dawn.com, the Finance Act 2025, as approved by the National Assembly, received the president’s assent on June 27. The act will be applicable from July 1, according to the information ministry. Finance Minister Muhammad Aurangzeb unveiled Pakistan’s annual federal budget in a charged June 10 National Assembly session, outlining ambitious proposals to drive 4.2 per cent economic growth in the coming fiscal year while cutting back on overall spending and tightening tax measures. The National Assembly passed the federal budget for the upcoming fiscal year on June 26, with an outlay of Rs17.57tr, despite opposition calls for the budgetary proposals to be made public and for the passage to be delayed until public input had been sought. The House passed it with certain...

Finance Secretary Imdadullah Bosal on Thursday said that the ban on cryptocurrency was still in place across Pakistan, stressing the need for its regulation. The State Bank of Pakistan (SBP) does not recognise crypto assets, which are digital currencies in which transactions are verified and recorded by a decentralised system. The SBP issued a formal notice in 2022 advising the general public to be cautious of and refrain from trading cryptocurrencies. During today’s meeting of the National Assembly Standing Committee on Finance, PPP MNA Sharmila Farooqi introduced a bill on digital currency regulations, prompting different remarks from committee members. “There are no regulations for cryptocurrency,” Farooqui said, adding that since Pakistan was moving towards digital currency, cryptocurrency should be decentralised. She highlighted Pakistan’s exit from the ‘grey list’ of the Financial Action Task Force (FATF) — a global money laundering and terrorism financing watchdog — and said, “How will Pakistan protect...

Microsoft unveils AI-powered finance assistant Copilot for Finance, promising major efficiency gains through workflow automation but faces data privacy and security challenges.

The Ministry of Finance of Ukraine has won the Risk Awards 2023 in the nomination Sovereign Risk Manager of the .....

Thanks to the support of the European Project EU4PFM, the Ministry of Finance of Ukraine can use the IBFD (International .....

The Ministry of Finance expects Ukraine to receive about $4.4 billion in aid from international partners in July.