'Interest rates reduced significantly, further decrease possible': Finance Minister

'Interest rates reduced significantly, further decrease possible': Finance Minister

Finance Minister Muhammad Aurangzeb has stated that there has been a significant reduction in interest rates and, in his opinion, there is room for further reduction. In a press conference held in Islamabad, he said that economic stability had been achieved in the country, which is crucial for economic development. He also noted significant improvements on the external front, with remittances expected to exceed 36 billion dollars this year. The …

Aurangzeb talks about approach to economy

ISLAMABAD: To ensure sustainable development, Pakistan will be taken towards export and productivity-led growth, Finance Minister Muhammad Aurangzeb said here on Saturday. While addressing a press conference, the finance minister said the auto sector has started exports in the last two months, which is a good sign for the country’s economy. He added that there should be exports in each sector. The minister said there is a rise in foreign exchang…

In search of new customers, banks are competing with each other in offering loans with fixed interest rates for 3 or 5 years. There is interest, especially among those who want to refinance an older loan.

Pakistan Aims for Export and Productivity-Led Growth for Sustainable Development, Says Finance Minister - Republic Policy

Pakistan’s Finance Minister, Muhammad Aurangzeb, announced on Saturday that the country is shifting its focus toward an export and productivity-driven growth model to ensure long-term economic sustainability. During a press conference, the minister emphasized the need for expanding exports across all sectors and expressed satisfaction with the progress made in the auto industry, which has started exporting in the past two months. Aurangzeb highl…

Finance Minister predicts further interest rate cuts

Finance Minister Muhammad Aurangzeb has stated that there has been a significant reduction in interest rates, and in his opinion, there is still room for further reduction. Speaking at a press conference in Islamabad, he mentioned that economic stability has been achieved in the country, which is essential for economic growth. He noted significant improvements in the external sector, with remittances expected to exceed $36 billion this year. The…