ISLAMABAD : Federal Minister for Finance Muhammad Aurangzeb has acknowledged that several companies exit Pakistan, admitting that high taxation and elevated energy prices have become serious challenges for businesses. Speaking at the Pakistan Policy Dialogue in Islamabad, the finance minister said that sustainable economic growth is only possible through structural reforms. Referring to remittances, the finance minister said Pakistan received $38 billion in remittances last year, with inflows expected to rise to $41 billion in the current fiscal year. Aurangzeb described the ongoing economic reforms as a potential “East Asia moment” for Pakistan. The finance minister also highlighted progress on privatisation, noting that local investors participated in the privatisation of Pakistan International Airlines (PIA), while 24 institutions have been handed over to the Privatisation Commission.

Source: The Patriot January 14, 2026 08:37 UTC