‘Crisis in Middle East significant supply shock in recent history’
Minister for Finance and Revenue, Senator Muhammad Aurangzeb, has described the ongoing crisis in the Middle East as one of the most significant supply shocks in recent history. He expressed these views while participating in a high-level meeting in Washington DC, convened by the Managing Director of the International Monetary Fund…
Aurangzeb leaves for US to attend WB, IMF Spring Meetings
Minister for Finance, Senator Muhammad Aurangzeb has departed for the United States to participate in the World Bank Group–IMF Spring Meetings, scheduled to commence in Washington from Monday. Prior to the formal Spring Meetings, the Finance Minister will visit Boston to attend the Pakistan Conference at Harvard University, where he will…
Federal Government announces to increase prices of petroleum products
The Federal Government has announced to increase the prices of petroleum products in view of their record high prices in the international market. The announcement was made by Minister for Petroleum Ali Pervaiz Malik during a news conference in Islamabad tonight, flanked with Minister for Finance and Revenue Muhammad Aurangzeb. Ali…
Aurangzeb hails IFC’s increased engagement in Pakistan
Divisional Director for Pakistan, Afghanistan and Central Asia at the International Finance Corporation (IFC) Simon Andrews called on Finance Minister Muhammad Aurangzeb in Islamabad. The IFC delegation briefed the Minister on its growing portfolio in Pakistan, which now exceeds two billion dollars annually, with approximately 2.7 billion dollars committed this year.…
Modern Shrimp Farming Project Worth Rs13 Billion Progressing Rapidly in Sargodha
Under the vision of Chief Minister Punjab Maryam Nawaz Sharif, work on a modern shrimp farming project worth Rs13 billion is progressing rapidly in Chak 58 North, Sargodha. Commissioner Sargodha, Hafiz Shaukat Ali, visited the site and reviewed the progress of the project. Spread over 500 acres, the project includes the…
CCP Imposes Rs265 Million Aggregate Penalty on Two Cable Firms for Resale Price Maintenance
The Competition Commission of Pakistan (CCP) has imposed a penalty of PKR 75 million on Newage Cables (Pvt.) Ltd. and Rs. 190.22 million on GM Cables & Pipes (Pvt.) Ltd, for engaging in Resale Price Maintenance (RPM) practices in violation of Section 4 of the Competition Act, 2010. The Commission conducted…
