Will bring PIA again for privatization, Finance Minister

Federal Minister for Finance Mohammad Aurangzeb has said that the PIA will be brought back for privatization.

Addressing the Pakistan Banking Summit, he said that the banking sector has an important role in the national economy. Pakistan Banking Summit 2025 is important.

He said that we have collected Rs 30 billion to the government, the Finance Minister said that the oil and gas sector has been left behind by the banking sector.

He said that the FBR’s job would be to collect tax, tax policy would be the job of the Ministry of Finance. Yesterday, the Finance Minister said that reforms were underway in the FBR.

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We are trying to reform the institutions, we will not back down on the issue of reforms, he said, adding that we are making decisions by constantly looking at the loss.

Reforms and privatization are the right direction for the country, we have to go to a stable growth, Finance Minister Mohammad Aurangzeb said that privatization will make progress in many other sectors.

The public will create job opportunities in the private sector, he said, adding that the tax burden is on the salaried class, which is now to be reduced.