Finance Minister of Pakistan 2026: Muhammad Aurangzeb Profile and Latest Statements
The current Minister of Finance of Pakistan is Muhammad Aurangzeb. He has held the post since 11 March 2024 in Prime Minister Shehbaz Sharif’s cabinet and also looks after the Revenue Division. His name is trending today after his comments at the IMF-World Bank Annual Meetings in Bangkok on 17 October 2026, where he spoke about oil prices, energy supplies and tax reforms. Here is his profile, his latest statements and a list of recent finance ministers.
PK Portals is an independent information site and is not linked to the Ministry of Finance or the Government of Pakistan. Information is based on official releases and news reports up to 17 October 2026.
Quick facts
| Item | Details |
|---|---|
| Name | Muhammad Aurangzeb |
| Office | Federal Minister for Finance and Revenue |
| In office since | 11 March 2024 |
| Prime Minister | Shehbaz Sharif |
| Predecessor | Shamshad Akhtar (caretaker finance minister) |
| Parliament | Senator, elected on 2 April 2024 on a technocrat seat from Punjab |
| Party | Pakistan Muslim League (N) |
| Born | 1964, Lahore |
| Education | Aitchison College Lahore; BSc Economics and MBA, Wharton School, University of Pennsylvania |
| Previous job | President and CEO, Habib Bank Limited (HBL), 2018 to 2024 |
Latest statements: IMF-World Bank meetings, Bangkok
Speaking to AFP on the sidelines of the IMF-World Bank Annual Meetings in Bangkok on 17 October 2026, the finance minister said:
- Pakistan has so far handled the rise in energy prices caused by the war in the Middle East, with no fuel shortages or queues at petrol pumps.
- Attacks on energy infrastructure in Saudi Arabia and other Gulf countries are worrying, because they could make the return to normal prices take longer.
- Pakistan has arranged enough energy supplies to last through November and is planning for winter, when household gas and power demand rises.
- The government will not buy expensive spot LNG cargoes unless there is an absolute need.
- Tax collection has grown, and the government is going after businesses that collect sales tax from customers but do not deposit it. He also said income tax collection can still improve.
He also met Jihad Azour, Director of the IMF’s Middle East and Central Asia Department. According to the Finance Ministry, he repeated Pakistan’s commitment to primary budget surpluses, lower public debt, growth-friendly tax reforms, protecting social spending, privatisation and export-led growth. Energy purchases for winter and fertiliser supply for food security were also discussed.
Muhammad Aurangzeb career timeline
| Period | Role |
|---|---|
| Early career | Citibank in Pakistan and New York |
| From 2001 | ABN AMRO: country manager in Pakistan, then global roles at the Amsterdam head office |
| Until 2010 | RBS: head of global banking and markets for South East Asia, based in Singapore |
| 2011 to 2018 | JPMorgan: chief executive of the Asia-Pacific corporate division, Singapore |
| 2018 to 2024 | President and CEO of Habib Bank Limited (HBL); also chaired the Pakistan Banks Association |
| March 2024 to now | Federal Minister for Finance and Revenue |
He is the third professional banker to become Pakistan’s finance minister, after Shaukat Aziz and Shaukat Tarin. As he was not a member of parliament when appointed, he was elected to the Senate in April 2024.
What does the finance minister of Pakistan do?
- Prepares and presents the federal budget in the National Assembly every June.
- Leads talks with the IMF, World Bank and other lenders.
- Oversees the Federal Board of Revenue (FBR) through the Revenue Division, including tax policy.
- Chairs the Economic Coordination Committee (ECC), which approves many economic decisions such as fuel, wheat and power matters.
Recent finance ministers of Pakistan
| Name | Period |
|---|---|
| Abdul Hafeez Shaikh | 2019 to 2021 |
| Hammad Azhar | 2021 |
| Shaukat Tarin | 2021 to 2022 |
| Miftah Ismail | 2022 |
| Ishaq Dar | 2022 to 2023 |
| Shamshad Akhtar (caretaker) | 2023 to 2024 |
| Muhammad Aurangzeb | 2024 to present |
Related guides
- FBR tax return last date
- IRIS FBR login and filing
- Petrol price in Pakistan today
- BISP new payment
- More trending topics in Pakistan
Frequently Asked Questions
Who is the current finance minister of Pakistan?
Muhammad Aurangzeb is the Federal Minister for Finance and Revenue of Pakistan.
Since when is Muhammad Aurangzeb the finance minister?
He took oath on 11 March 2024 in Prime Minister Shehbaz Sharif’s cabinet.
Is Muhammad Aurangzeb a member of parliament?
Yes. He was elected to the Senate on a technocrat seat from Punjab on 2 April 2024.
What did Muhammad Aurangzeb do before becoming finance minister?
He was President and CEO of Habib Bank Limited from 2018 to 2024, and earlier worked at JPMorgan, RBS, ABN AMRO and Citibank.
Who was the finance minister before Aurangzeb?
Shamshad Akhtar was the caretaker finance minister before him, and Ishaq Dar was the last elected-government finance minister before the caretaker period.
Last updated: 17 October 2026.
