Ministry of Finance, Government of Pakistan

Official Account of the Ministry of Finance, Government of Pakistan

[Ministry of Finance, Government of Pakistan @Financegovpk]

ECC Approves Key Measures on PASSCO Winding-Up and Trade Policy

The Economic Coordination Committee (ECC) of the Cabinet met today under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, and approved summaries submitted by various Ministries and Divisions on matters relating to food security, public sector reforms, and Pakistan's international commitments.

The ECC approved a summary submitted by the Ministry of National Food Security and Research for the auction of 8,197.989 metric tons of flood-damaged PASSCO wheat through an open and transparent competitive bidding process, subject to third-party validation, to minimize financial losses, ensure the transparent disposal of damaged stocks, and support the ongoing restructuring and winding-up process of PASSCO.

The Committee also approved a Rs. 4.188 billion severance package for PASSCO employees, submitted by the Ministry of National Food Security and Research, for the payment of compensation and terminal benefits to eligible employees as part of the orderly winding-up of the Corporation.

The ECC considered a summary submitted by the Ministry of Federal Education and Professional Training regarding the Financial Sustainability and Governance Plan of Quaid-i-Azam University, Islamabad. After reviewing the Plan, the Committee advised the University to engage independent financial experts to prepare a robust, realistic and practical financial sustainability plan to support the University's long-term financial sustainability and ensure the continuity of its academic operations.

The Committee further approved a proposal submitted by the Ministry of Commerce to amend the Import Policy Order, 2022, by incorporating a definition of "forced labour" in line with the ILO Forced Labour Convention, 1930 (No. 29). The amendment will strengthen Pakistan's legal framework governing imports, reinforce compliance with international labour commitments, and enhance the country's trade governance framework.

The meeting was attended by Federal Minister for Commerce Mr. Jam Kamal Khan, Federal Minister for Investment Mr. Qaiser Ahmed Sheikh, Federal Minister for Education and Professional Training Dr. Khalid Maqbool Siddiqui, Federal Minister for Petroleum Mr. Ali Pervaiz Malik (virtually), Federal Minister for Power Sardar Awais Ahmad Khan Leghari (virtually), Special Assistant to the Prime Minister on Industries Mr. Haroon Akhtar Khan, along with federal secretaries and senior officials from the relevant ministries, divisions and regulatory authorities.

[Ministry of Finance, Government of Pakistan @Financegovpk]

Finance Minister Underscores Women's Economic Empowerment, Digital Inclusion and Skills Development for Inclusive Growth

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb today held a meeting with a delegation of the Women Chamber of Commerce and Industry Peshawar, led by its President Ms. Quratulain and comprising Senior Vice President Ms. Zaara Imtiaz and Secretary General Ms. Saba Hidayat.

The delegation briefed the Finance Minister on the Chamber's initiatives to promote women entrepreneurship in Khyber Pakhtunkhwa through advocacy, capacity building, startup incubation, skills development, and support for emerging sectors including handicrafts, textiles, food processing, gems and jewellery, agriculture, information technology, and beauty products.

The meeting focused on promoting women entrepreneurship, enhancing financial inclusion, improving access to finance, and creating greater economic opportunities for women-led businesses. The delegation also shared views regarding access to formal finance, banking services, market linkages, logistics, certification, and business development support. Proposals regarding strengthening the policy framework for women-owned enterprises and increasing their participation in the formal economy were also shared.

Appreciating the Chamber's efforts, the Finance Minister reaffirmed the government's commitment to creating an enabling environment for women entrepreneurs and acknowledged the vital role of women-led enterprises in Pakistan's economic development.

He emphasized that increasing women's participation in the workforce, improving access to education, expanding digital and financial literacy, and equipping women with market-relevant skills are essential for achieving sustainable and inclusive economic growth. He noted that these objectives require a coordinated, long-term national effort involving both the public and private sectors.

The Finance Minister highlighted the government's ongoing efforts to advance digital financial inclusion, noting that social protection payments are increasingly being routed through digital wallets to strengthen women's financial empowerment and provide them with greater control over their finances. He stressed that digital literacy and access to modern financial services would continue to play a central role in expanding economic opportunities for women across the country.

Senator Muhammad Aurangzeb also underscored the immense potential of Pakistan's digital economy and encouraged the Chamber to promote upskilling and reskilling of young women, particularly in information technology, freelancing, software development, and digital services, enabling them to compete effectively in international markets and contribute to the country's export earnings. He reiterated that the government would continue to facilitate entrepreneurship by fostering an enabling policy environment, while emphasizing that the private sector must remain the principal driver of investment, innovation, and job creation.

The delegation thanked the Finance Minister for the constructive engagement and appreciated the government's continued support for women entrepreneurs. Both sides agreed to maintain close engagement to advance practical measures aimed at strengthening women's economic participation, enhancing financial inclusion, and promoting inclusive, private sector-led growth.

[Ministry of Finance, Government of Pakistan @Financegovpk]

Finance Minister Meets S&P Global Ratings Delegation to Share Pakistan's Improving Macroeconomic Outlook and Reform Progress

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb held a meeting today with a delegation from S&P Global Ratings comprising Mr. YeeFarn PHUA, Director, Sovereign Ratings, and Ms. Giulia Filocca, Associate Director, Sovereign Ratings, to discuss Pakistan's sovereign credit profile, macroeconomic outlook, and progress under the Government's comprehensive economic reform agenda.

During the meeting, the Finance Minister highlighted the significant improvement in Pakistan's macroeconomic fundamentals, emphasizing stronger economic growth, sustained fiscal consolidation, improved debt sustainability, and enhanced external sector resilience underpinned by a pro-growth and fiscally responsible Federal Budget FY2026-27. He noted that prudent economic management, disciplined policy implementation, and continued structural reforms have strengthened macroeconomic stability, resulting in lower inflation, higher foreign exchange reserves, a stronger external position, renewed investor confidence, and continued progress across key fiscal and external indicators despite a challenging regional and global environment.

The Finance Minister also underscored Pakistan's improving public debt profile, highlighting the sustained decline in the debt-to-GDP ratio, the slowest pace of central government debt growth in around 15 years, active debt management through liability management operations and debt buybacks, extension in the maturity profile of domestic debt, historically lower fiscal deficits, and record primary surpluses. He emphasized that these improvements, supported by stronger revenue mobilization and prudent expenditure management, are reinforcing fiscal sustainability and strengthening Pakistan's sovereign credit fundamentals.

The delegation was also briefed on the Government's structural reform agenda focused on taxation, energy, state-owned enterprises, privatization, governance, and public financial management to support sustainable, private sector-led and export-oriented growth. The Finance Minister highlighted that implementation of the Government's reform agenda, including reforms supported under the IMF's Extended Fund Facility (EFF) and Resilience and Sustainability Facility (RSF), remains firmly on track, with successful programme reviews and timely implementation of key reform benchmarks. He also highlighted Pakistan's continued engagement with the IMF, World Bank, Asian Development Bank, and other development partners in advancing the country's long-term reform agenda.

The S&P Global Ratings delegation acknowledged Pakistan's progress in strengthening macroeconomic stability and appreciated the Government's commitment to fiscal discipline, debt sustainability, external resilience, and structural reforms. The delegation also held a constructive discussion with the Finance Minister and his team on Pakistan's medium-term economic outlook, reform priorities, and measures aimed at further strengthening the country's sovereign credit profile.

[Ministry of Finance, Government of Pakistan @Financegovpk]

Finance Minister Commends FBR for Historic Revenue Achievement, Lauds Team's Transformational Performance

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Wednesday commended the Federal Board of Revenue (FBR) for successfully achieving the revised annual revenue collection target for FY2025-26, describing it as a landmark accomplishment made possible through teamwork, sustained reforms, and the unwavering commitment of the entire FBR leadership and field formations.

Addressing a meeting at FBR Headquarters attended virtually by Chairman FBR Rashid Mahmood Langrial, Members of the FBR Board, senior officers, and Chief Commissioners and Chief Collectors joining virtually from across the country, the Finance Minister conveyed the congratulations of the Prime Minister to the entire FBR team for its dedication and hard work throughout the fiscal year.

The Finance Minister said the achievement should be viewed in the context of Pakistan's broader reform journey over the past two and a half years, during which the country's revenue collection had nearly doubled. He observed that this remarkable progress represented one of the most significant improvements in Pakistan's fiscal history and had played a pivotal role in strengthening the country's macroeconomic fundamentals. He noted that alongside improved external sector indicators, Pakistan had recorded its lowest fiscal deficit and highest-ever primary surplus, achievements made possible through strong revenue performance coupled with prudent fiscal management.

Senator Aurangzeb particularly appreciated the efforts of the Inland Revenue and Customs formations, noting that the FBR had delivered strong revenue growth despite providing substantial tariff relief to facilitate economic activity. He also lauded the Board for processing and disbursing Rs. 599 billion in tax refunds during the year, including an unprecedented Rs. 13.5 billion released on the last day of the fiscal year, describing it as a significant milestone reflecting the government's commitment to facilitating businesses and exporters.

The Finance Minister congratulated both the Finance Division and FBR on the successful coordination during the preparation of the Federal Budget 2025-26, describing the seamless integration of tax policy and tax administration as an excellent example of teamwork. He said the collaborative approach had resulted in one of the most progressive budgets in Pakistan's history and reflected the government's institutional commitment to reform.

Highlighting the government's forward-looking reform agenda, Senator Muhammad Aurangzeb emphasized that modern tax administration must focus not only on revenue collection but equally on taxpayer facilitation, transparency, and public trust. He stressed the need to make tax compliance easier through technology-driven solutions, greater automation, improved taxpayer services, and reduced opportunities for discretion and corruption.

The Finance Minister said the government's newly approved operating model for FBR would accelerate institutional transformation through reforms centred on people, processes, and technology, including the expanded use of artificial intelligence and digital systems. He expressed gratitude to Parliament for supporting the legislative framework required to implement these reforms and reaffirmed that the government remained fully committed to transforming FBR into one of Pakistan's leading public institutions. He also acknowledged the personal leadership, guidance, and continuous oversight of the Prime Minister in driving the country's tax reform agenda.

Addressing the meeting, Chairman FBR Rashid Mahmood Langrial thanked the Finance Minister for visiting FBR Headquarters on the first day of the new fiscal year and for his continued support of the institution. He appreciated the close coordination between the Finance Division and FBR throughout the budget process, particularly during consultations with the IMF, provincial governments, coalition partners, parliamentary committees, and other stakeholders.

The Chairman highlighted the professionalism displayed by officers from both the Finance Division and FBR, stating that their technical competence and collaborative approach had enabled the government to successfully navigate complex fiscal and tax policy challenges. He noted that the reform process had demonstrated the strength and capability of Pakistan's civil service when working collectively towards national objectives.

Chairman Langrial also underscored the importance of institutional reforms within FBR, particularly efforts aimed at promoting merit, professionalism, and integrity across the organization. He said recent appointments of high-integrity officers to key field positions had demonstrated that effective revenue administration could be achieved while maintaining the highest standards of transparency and professionalism.

The Chairman further briefed the meeting on the ongoing modernization initiatives within FBR, including major technology upgrades, enhanced customs systems, artificial intelligence-based solutions, and extensive capacity-building programmes. He reaffirmed the Board's commitment to implementing the government's reform agenda and expressed confidence that these initiatives would further improve taxpayer services, strengthen compliance, and modernize Pakistan's tax administration.

The meeting concluded with the Finance Minister once again congratulating the entire FBR team for its outstanding performance and expressing confidence that, through continued teamwork and effective implementation of reforms, the institution would continue to make a significant contribution towards Pakistan's economic stability and sustainable growth. He invited the participants to give a standing round of applause in recognition of Chairman FBR Rashid Mahmood Langrial and the collective efforts of the entire FBR team.

[Prime Minister's Office @PakPMO]

اسلام آباد: 24 جون 2026.

وزیراعظم محمد شہباز شریف نے عوام اور کاروباری برادری کے لیے ریلیف کو مد نظر رکھتے ہوئے آئندہ مالی سال کا بجٹ تشکیل دینے پر حکومتی ٹیم بالخصوص وزارت خزانہ کی ٹیم کی پزیرائی کی.

وزیراعظم نے نائب وزیر اعظم و وزیر خارجہ محمد اسحاق ڈار، وزیر خزانہ محمد اورنگزیب، وزیر ترقی و منصوبہ بندی احسن اقبال، وزیر مملکت برائے خزانہ بلال اظہر کیانی ، سیکریٹری خزانہ چیئر مین ایف بی آر اور پوری حکومتی ٹیم کی کاوشوں کو خراج تحسین پیش کیا.

گفتگو کرتے ہوئے وزیرِ اعظم نے کہا کہ بجٹ میں قوم سے کئے ہوئے وعدے کے مطابق تنخواہ دار طبقے، کاروباری برادری اور عوام کو بھرپور ریلیف فراہم کیا، معاشی ٹیم کی اس حوالے کوششیں قابل ستائش ہیں. معاشی اشاریوں میں بہتری کے ثمرات ملک کے ہر شہری تک پہنچائے جائیں گے۔

معاشی ٹیم نے وزیرِ اعظم کی جانب سے ستائش کا خیر مقدم کیا. اجلاس کے شرکاء نے گفتگو کرتے ہوئے کہا کہ حکومت نے محدود مالی وسائل کے باوجود عوام کو زیادہ سے زیادہ ریلیف فراہم کرنے کی کامیاب کوشش کی ہے۔ معاشی ٹیم نے وزیرِ اعظم کی بجٹ کی تیاری میں تمام سٹیک ہولڈرز سے بجٹ تجاویز کے حوالے سے ملاقاتوں، عوامی ریلیف کیلئے ہدایات اور آئی ایم ایف سے عوام کے ریلیف کیلئے اقدامات کے حوالے خود دلچسپی لے کر معاملات سلجھانے پر شکریہ ادا کیا.

شرکاء نے مزید کہا کہ وزیر اعظم کی ہدایت کے تحت بجٹ کی تیاری کے حوالے سے متعدد اجلاس منعقد کئے، اور تمام طبقہ فکر سے رہنمائی لی تاکہ متوازن بجٹ پیش کر کے عوام اور محروم طبقات کو ریلیف دیا جاسکے۔

معاشی ٹیم نے وزیرِ اعظم کی قیادت میں پاکستان کی ترقی و خوشحالی کیلئے اقدامات جاری رکھنے کے عزم کا بھی اظہار کیا.

[Ministry of Finance, Government of Pakistan @Financegovpk]

Finance Minister Chairs ECC, Approves Key TSGs and Sectoral Support Measures

The Economic Coordination Committee (ECC) of the Cabinet met today at the Finance Division under the chairmanship of the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb.

The ECC approved two summaries submitted by the Ministry of Defence. The Committee approved a Technical Supplementary Grant (TSG) amounting to Rs. 1.289 billion for expenses relating to Independence Day and Marka-e-Haq Celebrations 2025. The ECC also approved a TSG amounting to Rs. 2 billion for the Marka-e-Haq Monument Project, Islamabad, to be executed by the Frontier Works Organization (FWO).

The Committee also approved two summaries submitted by the Ministry of Information Technology and Telecommunication. These included a TSG amounting to Rs. 4.5 billion for completion of Phase-II of the Pakistan Asan Khidmat Centre, Islamabad, and re-appropriation of savings amounting to Rs. 911.2 million to the Smart Islamabad Initiative.

The ECC approved a summary submitted by the Prime Minister's Inspection Commission for provision of a TSG amounting to Rs. 8.216 million to meet employee-related expenditure requirements.

The Committee further considered two summaries submitted by the Finance Division and approved a TSG amounting to Rs. 312.3 million for implementation of the incentive package for PAS and PSP officers serving in Balochistan and also approved discontinuation of the Telegraphic Transfer Charges Incentive Scheme (TTCIS) with effect from July 1, 2026.

The ECC also approved a summary submitted by the Ministry of Housing and Works for transfer of Rs. 793.7 million relating to the PSDP scheme for District Shangla to facilitate timely implementation of development initiatives.

The Committee also approved a summary submitted by the Ministry of Industries and Production authorizing release of salary payments for Pakistan Steel Mills (PSM) from the already approved budgetary allocation for FY 2025-26 to ensure continuity of employee-related payments.

The ECC also approved a summary submitted by the Ministry of Maritime Affairs for provision of a TSG amounting to Rs. 600 million as the Federal Government's share for installation of a Vessel Monitoring System in fishing boats across Pakistan.

The Committee considered a summary submitted by the Power Division and approved a TSG amounting to Rs. 52 billion for release to Central Power Purchasing Agency-Guarantee (CPPA-G) as Government equity in DISCOs and further approved re-appropriation of Rs. 97.649 billion from K-Electric to Inter-DISCO Tariff Differential Subsidy along with adjustment of TESCO TDS arrears claims of amount Rs. 44.198 billion.

The ECC further approved a summary submitted by the Ministry of Interior and Narcotics Control for provision of Rs. 250 million to Frontier Corps KP (North) to meet operational requirements and enhance its operational preparedness and overall security capabilities.

The Committee also approved a summary submitted by the Petroleum Division for extension in the validity of sovereign guarantees against the Rs. 50 billion financing facility obtained by Sui Northern Gas Pipelines Limited (SNGPL) from Meezan Bank Limited up to June 30, 2027.

In addition to the regular agenda items, the Committee considered a summary submitted by the Ministry of Railways and approved enhancement in Grant-in-Aid for Pakistan Railways amounting to Rs. 7 billion.

The ECC also approved a summary submitted by the Privatisation Division for provision of a TSG amounting to Rs. 22.4 million in favour of the Public Private Partnership Authority (P3A) to ensure continuity of its operations and administrative obligations.

The Committee further considered two summaries submitted by the Ministry of Interior and Narcotics Control and approved a TSG amounting to Rs. 193.2 million for the Federal Investigation Agency (FIA) to meet employee-related expenses. The ECC also approved provision of Rs. 4.2 billion for payment of pending dues to the families of Shuhada personnel of Civil Armed Forces, with the instructions that the amount be met from available savings during the current financial year, while the remaining requirement would be catered for in the next financial year.

The meeting was attended by Federal Minister for Petroleum Mr. Ali Pervaiz Malik, Federal Minister for Investment Mr. Qaiser Ahmed Sheikh, Federal Minister for Education and Professional Training Dr. Khalid Maqbool Siddiqui, Federal Minister for Commerce Mr. Jam Kamal Khan, Special Assistant to the Prime Minister on Industries and Production Mr. Haroon Akhtar Khan, along with federal secretaries and senior officials from the relevant ministries, divisions, and regulatory authorities.

[Khurram Schehzad @kschehzad]

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻: 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗚𝗿𝗼𝘄𝘁𝗵. 𝗔𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝗣𝗲𝗮𝗰𝗲.

As Pakistan moves forward with a pro-growth, investment-driven and fiscally responsible Budget FY2026-27, it has also demonstrated the power of dialogue and diplomacy in advancing regional peace and global stability.

Delivering a Pro-Growth Budget at Home while playing the lead role in restoring Peace and Stability Globally creates a strategic alignment for Pakistan to unlock country's true economic potential.

Together, they create stronger foundations for investment, trade, jobs, and shared prosperity.

𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 - 𝗗𝗿𝗶𝘃𝗶𝗻𝗴 𝗚𝗿𝗼𝘄𝘁𝗵. 𝗔𝗱𝘃𝗮𝗻𝗰𝗶𝗻𝗴 𝗣𝗲𝗮𝗰𝗲.

#Pakistan #EconomicGrowth #Investment #GlobalPeace #Diplomacy #Trade #FDI #EmergingMarkets #EconomicStability #SharedProsperity #Growth #FutureReady

@Financegovpk @GovtofPakistan @PakPMO @MoIB_Official @CMShehbaz @OfficialDGISPR

[Khurram Schehzad @kschehzad]

𝗔𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝗺𝗲𝗻𝘁: 𝗣𝗮𝗿𝗹𝗶𝗮𝗺𝗲𝗻𝘁 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗕𝘂𝗱𝗴𝗲𝘁 𝗙𝗬𝟮𝟳

𝗧𝗵𝗲 𝗡𝗲𝘅𝘁 𝗖𝗵𝗮𝗽𝘁𝗲𝗿 𝗕𝗲𝗴𝗶𝗻𝘀

The Parliament of Pakistan has today passed the Finance Bill 2026, giving effect to #BudgetFY27 following extensive debate, parliamentary scrutiny and consideration of recommendations from the Standing Committees of both Houses.

With the budget process now complete, the focus shifts from policy formulation to implementation - delivering reforms, strengthening competitiveness, expanding exports, attracting investment, creating jobs and improving lives.

As Pakistan strengthens its economic foundations at home and advances its standing abroad, the focus now turns to expediting reforms, attracting investments, fueling exports and creating more jobs.

We would also like to express sincere appreciation to the business community, including chambers of commerce, industry and trade associations, business councils, exporters, investors and market participants, whose valuable feedback, constructive engagement and policy inputs helped enrich the budget process.

Grateful to have played a small part alongside an exceptional team under the able leadership of the Finance Minister.

The journey from stabilization to sustainable growth continues.

#BudgetFY27 #PakistanEconomy #EconomicReforms #ExportLedGrowth #Investment #Growth

@Financegovpk @GovtofPakistan @PakPMO @MoIB_Official

[ADNAN PASHA @1AdnanPasha1]

Nations are increasingly tested by their ability to provide water, food, energy, and jobs to rapidly growing populations. Demographic pressures amplify every existing vulnerability, complicating and straining governance. Here's How to mitigate risk.
https://t.co/1NHlsjf3I8

[National Assembly 🇵🇰 @NAofPakistan]

قومی اسمبلی کے بجٹ اجلاس 2026-27 کے دوران وفاقی وزیر برائے خزانہ و محصولات سینیٹر محمد اورنگزیب کا بجٹ 2026-27 پر عمومی بحث کو سمیٹتے ہوئے اظہار خیال
#BudgetSession
@Financegovpk

[Pakistan TV @PakTVGlobal]

Finance Minister Muhammad Aurangzeb delivers winding-up speech during the general debate on the federal budget 2026-27 in the National Assembly, says assembly members’ proposal included in the budget; first dividend of peace agreement announced through reduction in petrol prices, adds that no change made to methodology for economic indicators

@Financegovpk
#FederalBudget2026 #NationalAssembly #PakistanEconomy #PetrolPriceCut #PakistanTv

[Ministry of Finance, Government of Pakistan @Financegovpk]

Finance Minister Meets Pakistan Cotton Ginners’ Association Delegation; Reaffirms Government’s Commitment to Strengthening Cotton Sector

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb today met a delegation of the Pakistan Cotton Ginners’ Association (PCGA), led by its Chairman Mr. Sham Lal Manglani, to discuss issues concerning the cotton sector and explore measures aimed at enhancing the industry's contribution to economic growth, exports, and rural employment.

The delegation included Senior Vice Chairman PCGA Shaikh Fayaz Ahmed, former Chairmen Suhail Mehmood Hurrul, Chaudhry Waheed Arshad, and Mukhtar Baloch. During the meeting, participants held a detailed exchange of views on the current state of the cotton value chain, challenges faced by growers and ginners, and policy measures that could help improve productivity, investment, and sustainability across the sector.

The PCGA representatives highlighted the strategic importance of cotton as a key cash crop and an essential input for Pakistan’s textile industry. They underscored the sector’s role in generating rural employment, supporting allied industries, contributing to exports, and reducing dependence on imported cotton. The delegation also shared proposals relating to taxation, documentation, and measures aimed at promoting formal economic activity within the sector.

The Finance Minister acknowledged the significance of the cotton industry for the national economy and emphasized the government's commitment to fostering a conducive business environment for productive sectors. He noted that sustainable growth in agriculture and industry remains a key pillar of the government's economic agenda and reaffirmed the importance of stakeholder consultations in the policymaking process.

Senator Aurangzeb stated that the government is focused on broadening the tax base, improving transparency, and creating a level playing field for compliant businesses while ensuring that policy measures support economic activity, investment, and job creation. He emphasized that the concerns and recommendations put forward by the PCGA would be carefully reviewed by the relevant authorities.

The meeting also discussed the need for coordinated efforts to strengthen the cotton ecosystem, improve competitiveness, enhance value addition, and encourage greater investment throughout the supply chain. Participants agreed on the importance of maintaining continuous engagement between the government and industry stakeholders to identify practical solutions that can contribute to the long-term revival and growth of the cotton sector.

The Finance Minister appreciated the delegation's constructive input and reaffirmed the government's commitment to working closely with industry representatives to support sustainable economic development, export growth, and employment generation across the country.

[Ministry of Finance, Government of Pakistan @Financegovpk]

Finance Minister Meets BYD Leadership, Reaffirms Government Support for Electric Vehicle Manufacturing and Localization in Pakistan

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, met a delegation of BYD Group and Mega Motor Company (MMC) led by Mr. Liu Xueliang, Vice President of BYD Group and General Manager, BYD Asia Pacific Auto Sales Division, and Mr. Aly Khan, Chief Executive Officer, Mega Motor Company (Private) Limited, at the Finance Division today.

Welcoming the delegation, the Finance Minister appreciated BYD’s growing footprint in Pakistan and underscored the importance of strengthening business-to-business collaboration as a key pillar of the evolving Pakistan-China economic partnership. He noted that Pakistan attaches high priority to attracting technology-driven investments and expressed confidence that the BYD-MMC joint venture would contribute significantly to industrial development, technology transfer, job creation and export growth.

Mr. Liu Xueliang briefed the Finance Minister on BYD’s operations and future plans in Pakistan, highlighting the company’s progress in introducing new energy vehicle technologies to the local market in partnership with Mega Motor Company. He appreciated the Government of Pakistan’s support for the development of the electric vehicle (EV) sector and informed the meeting that construction of the company’s local manufacturing facility was progressing according to schedule. He shared BYD’s plans to expand its product portfolio, accelerate localization, introduce advanced charging technologies and contribute to the development of Pakistan’s EV ecosystem through investment, technology transfer and capacity building.

The delegation emphasized Pakistan’s growing potential as a market for new energy vehicles and outlined its long-term vision of positioning the country as a regional hub for EV manufacturing and exports. It also highlighted plans to develop charging infrastructure in collaboration with local partners and to train Pakistani engineers and technicians to support the sector’s future growth.

Mr. Aly Khan informed the Finance Minister that Pakistan occupies a strategic position in BYD’s global expansion plans and reiterated the joint venture’s commitment to long-term investment in the country. He briefed the meeting on the progress of the manufacturing project and outlined a phased localization roadmap aimed at increasing local content through engagement with domestic vendors and suppliers, thereby strengthening Pakistan’s automotive value chain and industrial base.

The Finance Minister noted that global trends clearly pointed towards an accelerating transition to electric mobility and reiterated the Government’s commitment to facilitating investments that support technological advancement, sustainable industrialization and energy efficiency. He observed that Pakistan’s improving macroeconomic fundamentals and enhanced external sector position had created a conducive environment for productive investment and industrial expansion.

Reaffirming the Government’s support for the EV sector, the Finance Minister encouraged the delegation to accelerate efforts towards local assembly, manufacturing and charging infrastructure development, noting that the availability of a robust charging network would be critical to expediting the adoption of electric vehicles across the country. He also highlighted the significant contribution of Chinese enterprises to Pakistan’s industrial development and expressed confidence that the BYD-MMC partnership would further deepen economic cooperation between Pakistan and China.

The meeting also featured a discussion on the future role of electric vehicles and plug-in hybrid electric vehicles (PHEVs) in Pakistan. The BYD delegation shared international experience regarding the evolution of EV markets and highlighted the complementary role of PHEVs during the transition phase, particularly in markets where charging infrastructure is still developing. Participants also discussed opportunities arising from Pakistan’s increasing adoption of solar energy and the potential synergies between renewable energy and electric mobility.

Both sides reaffirmed their commitment to strengthening collaboration in electric mobility, local manufacturing, technology transfer, skills development and sustainable transportation, with the shared objective of positioning Pakistan as a leading regional destination for new energy vehicle production and innovation.

[ADNAN PASHA @1AdnanPasha1]

A welcome example of leadership through partnership!

Appreciation to the Federal Minister for National Health Services for graciously acknowledging the support of the Federal Minister for Finance & Revenue in advancing Pakistan's National Population Stabilisation Programme(1/4)

[Khurram Schehzad @kschehzad]

🇵🇰 𝗣𝗮𝗸𝗶𝘀𝘁𝗮𝗻 𝗧𝗲𝗰𝗵 𝗘𝘅𝗽𝗼𝗿𝘁𝘀 𝗥𝗲𝗮𝗰𝗵 𝗮 𝗥𝗲𝗰𝗼𝗿𝗱 $𝟰.𝟮 𝗕𝗶𝗹𝗹𝗶𝗼𝗻

▪︎ $373 million exports in May 2026 (+13% YoY)
▪︎ $4.2 billion exports in 11MFY26 (+20% YoY)
▪︎ FY26 exports expected to exceed $4.5 billion

Pakistan's tech sector continues to be one of the country's strongest export success stories, driving digital transformation, creating high-value employment, and expanding Pakistan's global technology footprint.

With continued policy certainty and support in Budget FY27, the sector is well-positioned to sustain double-digit growth, attract greater investment, and further strengthen Pakistan's standing as a leading global technology destination.

#Pakistan #TechExports #DigitalPakistan #PakistanTech #ICTExports #TechEconomy #InvestInPakistan #TechDestinationPakistan

@Financegovpk @MoitOfficial @GovtofPakistan @PakPMO @MoIB_Official

[Khurram Schehzad @kschehzad]

🇵🇰 𝗣𝗔𝗞𝗜𝗦𝗧𝗔𝗡 𝗥𝗘𝗖𝗢𝗥𝗗𝗦 𝗔𝗡𝗢𝗧𝗛𝗘𝗥 𝗖𝗨𝗥𝗥𝗘𝗡𝗧 𝗔𝗖𝗖𝗢𝗨𝗡𝗧 𝗦𝗨𝗥𝗣𝗟𝗨𝗦

Pakistan posted a Current Account Surplus of $459 million in May 2026, rebounding strongly from a $276 million deficit in April 2026 and improving significantly from a $44 million deficit in May 2025.

The latest monthly surplus has pushed the cumulative 11MFY26 Current Account into surplus territory, underscoring the continued strengthening of Pakistan’s external position.

𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
• May 2026: $459 million surplus
• April 2026: $276 million deficit
• May 2025: $44 million deficit
• 11MFY26 (Jul–May): $255 million surplus

Four surpluses in five months! A stronger external account is the foundation of sustainable high economic growth. 🇵🇰

#PakistanEconomy #CurrentAccount #EconomicRecovery #EconomicStability #EmergingPakistan #SBP #Macroeconomics

@Financegovpk @PakPMO @GovtofPakistan @StateBank_Pak @MoIB_Official

[VEON @VEONGroup]

We’re democratizing investment opportunities in Pakistan through our digital financial services companies @JazzCash and @MobilinkBank, through the introduction of Government Treasury Bills directly through the JazzCash app.

Starting from as little as PKR 5,000, (approx. USD 18), the initiative aims to reach one million active investors, working in coordination with the State of Pakistan and the @Financegovpk. With a simple and secure journey built into the app they already use, eligible JazzCash customers can invest in 3-month Treasury Bills, which were traditionally only accessible through banks and brokerages.

The launch, which took place at JazzCash headquarters today, builds upon Pakistan’s growing appetite for investment - helping Pakistan’s economy to expand and diversify by bringing more people into the formal financial system and unlocking opportunities for people across Pakistan create, build and protect wealth.

Our CEO @Kaan_Terzioglu joined virtually, alongside Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue; @kschehzad, Adviser to the Finance Minister; Omer M. Khan, Adviser on Debt Management, Finance Division; Muhammad Khaliq Zaman, Director Domestic Debt Management, Finance Division; @aamir_ibrahim01, Chairman of JazzCash and Mobilink Bank; Murtaza Ali, CEO of JazzCash; and Haaris Mahmood Chaudhary, CEO of Mobilink Bank.

https://t.co/kvdSnYBiTG

[JazzWorld @jazz_worldpk]

Expanding financial inclusion requires moving beyond payments to provide broader access to formal financial products.

In collaboration with the Ministry of Finance, Government of Pakistan, and the State Bank of Pakistan (SBP), JazzCash and Mobilink Bank have launched Government of Pakistan Treasury Bills on the JazzCash app. The initiative enables retail investors to access sovereign-backed investment products directly through a digital wallet, extending formal investment opportunities beyond Pakistan's approximately 1.4 million existing public market participants to tens of millions of digital users.

Launched by Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, in the presence of Khurram Schehzad, Adviser to the Finance Minister; Omer Khan, Adviser on Debt Management; Kaan Terzioglu, Group CEO VEON; Aamir Ibrahim, Chairman JazzCash and Mobilink Bank; Murtaza Ali, CEO JazzCash; and Haaris Mahmood Chaudhary, CEO Mobilink Bank, this collaboration reflects the potential of public-private partnerships in advancing Pakistan's digital economy and broadening participation in formal financial markets.

With investments starting from PKR 5,000, the initiative represents another step towards building a more inclusive and resilient financial ecosystem.

@aamir_ibrahim01 @Financegovpk @JazzCash @MobilinkBank @StateBank_Pak @Kaan_Terzioglu @VEONGroup

[Aamir Hafeez Ibrahim @aamir_ibrahim01]

For decades, access to investment products has largely been limited to traditional banking and brokerage channels.

Digital technology is changing that.

Pakistan’s digital transformation began with connectivity and accelerated through digital payments. The next phase is giving people access to the tools that help them save, invest, and build wealth.

Today, through @JazzCash and @MobilinkBank, Government Treasury Bills are becoming accessible from a smartphone, starting from just PKR 5,000. What was once available to a relatively small segment of the population can now be placed within reach of millions.

This is about more than a new financial product. It is about expanding participation in the formal economy, mobilising domestic savings, and making regulated investment opportunities more accessible to Pakistanis across the country.

A digital economy is not defined by how easily people can transact. It is defined by how effectively they can participate, progress, and prosper.

My sincere thanks to the @Financegovpk and the @StateBank_Pak for their partnership in helping build a more inclusive financial future for Pakistan. I am particularly grateful to Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, and Omer Khan, Adviser on Debt Management, for their leadership and commitment to advancing financial inclusion through innovation.

Congratulations to the teams at JazzCash and Mobilink Bank for bringing this vision to life.

[Aamir Hafeez Ibrahim @aamir_ibrahim01]

Pakistan's digital financial services industry reaches a new milestone today.. Government Treasury Bills are now available directly via @JazzCash, starting at just PKR 5k.

For the first time in Pakistan, a sovereign-backed investment product is accessible from a digital wallet in collaboration with @Financegovpk, @MobilinkBank and @StateBank_Pak. Thank you Senator Muhammad Aurangzeb, Federal Minister for Finance and Revenue, for your leadership and vision in making this possible.

Payments were just the first step. Now we are giving Pakistanis a trusted way to invest and build financial resilience. @kschehzad @Kaan_Terzioglu @VEONGroup @Financegovpk @GovtofPakistan