Categories: Pakistan

FM Aurangzeb seeks external financing for Govt: – Business

Pakistan’s Finance Minister, Mohammad Aurangzeb, highlighted the country’s focus on meeting external financing needs through foreign investment and loan rollovers in preparation for the new $7bn IMF agreement. Tough measures, such as tax increases and electricity price hikes, have raised concerns about rising inflation and higher taxes for the poor and middle-class in Pakistan.

Aurangzeb emphasized the importance of direct investment and climate financing for sustainable economic growth. The government plans to diversify its strategy beyond loan rollovers towards foreign direct investment, particularly in projects like the Reko Diq mine.

Despite facing numerous IMF bailouts in the past, Aurangzeb remains optimistic about Pakistan’s ability to manage its external financing gap. The government is also exploring climate financing options to address the challenges posed by climate change, such as the devastating floods that occurred in 2022.

As Pakistan continues to navigate through economic challenges, the government is committed to implementing necessary reforms, including privatizing loss-making enterprises like Pakistan International Airlines. Overall, the goal is to achieve economic stability and growth without being overly reliant on external financial assistance.

[Source: Dawn]

[Image: Click here for image source](https://i.dawn.com/large/2024/07/2007562836113c2.jpg?r=075825)\

[ad_2]

Source link

none@none.com (Reuters)

Reuters is a British news agency founded in 1851, but owned by Thomson Reuters Corporation, a Canadian conglomerate. As a news agency, Reuters covers breaking news and latest stories making headlines from around the world.

UNCENSORED WORLD NEWS IN REAL-TIME

Yamandu Orsi wins Uruguay’s run-off presidential election

The left-wing Broad Front candidate emerged victorious in a tight race against governing-party candidate Alvaro…

26 minutes ago

China aims for more than 100 ‘trusted data spaces’ by 2028 under national action plan

National Data Administration action plan marks major step forward in building integrated data market with…

27 minutes ago

‘I’m Leaving Bengaluru…’: Why This Startup Founder Is Relocating After 14 Years

A startup founder who spent over 14 years in Bengaluru is now relocating to Pune,…

27 minutes ago

‘I’m Leaving Bengaluru…’: Why This Startup Founder Is Relocating After 14 Years

A startup founder who spent over 14 years in Bengaluru is now relocating to Pune,…

27 minutes ago

Iran to hold nuclear talks with three European powers

TEHRAN: Iran said on Sunday that it would hold nuclear talks in the coming days…

28 minutes ago

Bis zu 20 Grad! – Hier kommt heute der Wärme-Wumms – und hier nicht

Sturm Sigrid bringt den Wärme-Wumms! Vollständige Geschichte

30 minutes ago

Hong Kong airport boosts efforts to lure foreign airlines as it waits on Cathay

Airport Authority is doing all it can to fill extra capacity created by soon-to-debut three-runway…

30 minutes ago

Finnair cancels hundreds of flights due to looming pilot strike

FINNAIR on Saturday communicated that it will cancel hundreds of flights due to two work…

30 minutes ago

Malaysian nurses seek better pay overseas: ‘Migrate while you can’

Healthcare workers look to destinations such as Saudi Arabia amid burnout and meagre pay back…

31 minutes ago

Putin schürt Kriegsangst – Das ist der Bunker-Plan für Deutschland

Deutschland hat viel zu wenige Bunker. Ein nationaler Plan soll schnell Abhilfe schaffen. Vollständige Geschichte

33 minutes ago

Gold Rate Rises In India: Check 22 Carat Price In Your City On November 25

Gold Rate Today In India: Know Retail Gold Price On November 25 Access Full Story

33 minutes ago

Republicans push back against claims Trump intelligence pick Gabbard is ‘compromised’

Tulsi Gabbard is expected to face scrutiny for comments sympathetic to Russia and a 2017…

34 minutes ago

Quick IV Drips, Infrared Sauna Detox, Colon Cleansing: What Gurgaon’s Ultra-Rich Do To Stay Healthy

Far-infrared saunas, ozone therapy and colon hydrotherapy are top-selling services but many women come regularly…

37 minutes ago

Fire in Manila engulfs hundreds of shanty houses: ‘everything is gone’

Drone footage shared by the city’s disaster management office shows the extent of the blaze.…

39 minutes ago

BTS Records History As Jin’s Happy Debuts At No. 4 On Billboard 200

BTS star Jin is the final member of the group to enter the Billboard Top…

39 minutes ago

BTS Records History As Jin’s Happy Debuts At No. 4 On Billboard 200

BTS star Jin is the final member of the group to enter the Billboard Top…

39 minutes ago

Mohammed bin Salman’s style shift sets up a new world order strategy

The implications of Saudi Arabia’s transformation under Crown Prince Mohammed bin Salman will reverberate far…

44 minutes ago

17 قتيلا بسقوط حافلة في واد بالبرازيل

متابعة-واعلقي 17 شخصا حتفهم في شرق البرازيل عندما انحرفت حافلة على طريق جبلي وسقطت في…

45 minutes ago

Israel strikes south Beirut amid EU ceasefire call

Israel struck south Beirut on Sunday as Lebanese state media reported intense fighting in the…

50 minutes ago

Govt fully prepared to foil ‘onslaught’ on capital

• Ministers assail PTI for trying to derail another dignitary’s visit as Belarusian president due…

52 minutes ago

11/24: The Takeout: Sen. Joe Manchin

Sen. Joe Manchin joins "The Takeout" to discuss his political career and the state of…

59 minutes ago

Three more cases of poliovirus in Balochistan, KP take year’s tally to 55

ISLAMABAD: The government’s efforts to curb the spread of poliovirus appear to be failing as…

1 hour ago

One million Brits demand fresh elections

Parliament will be forced to debate the matter after a petition called for a re-do…

1 hour ago

Govt decides to phase PSDP over three years

ISLAMABAD: The government has decided in principle to phase the ongoing Public Sector Development Programme…

1 hour ago

Dankes-Party im Weißen Haus – Goodbi-den, Joe! Hier wird der US-Präsident ganz emotional

In 57 Tagen wird Joe Biden das Weiße Haus verlassen müssen. Vollständige Geschichte

1 hour ago

More cases against Bushra over Saudi Arabia statement

GUJRAT: At least three more cases have been lodged against Bushra Bibi, the wife of…

1 hour ago

Japan’s rail stocks soar on Keisei Electric activist stake news

Keisei’s stock jumped over 18%, its sharpest intraday rise since October 2008, with Keikyu climbing…

1 hour ago

Tributes flow after respected marketing executive dies in quad bike accident

Tributes have been paid to a top business executive who died in a tragic farm…

1 hour ago

Father stabbed three times during Facebook Marketplace meet-up

A Melbourne father is recovering in hospital after he was allegedly stabbed three times while…

1 hour ago

TikToker charged with shoplifting after being ID’d from online video

A US TikToker with nearly 300,000 followers was arrested after police say she shoplifted US$500…

1 hour ago

Israel expressed willingness in principle to advance framework of Lebanon deal, sources say

WEST BANK: Palestinian Health Ministry says IDF kills two in the West Bank, including 13-year-old…

1 hour ago