Pakistan’s Finance Minister, Muhammad Aurangzeb, today announced a historic inflow of remittances, with February witnessing a record 3.1 billion, setting the stage for an unprecedented annual total of 36 billion by year-end.

Addressing the media with Information Minister Attaullah Tarar in Islamabad, Aurangzeb expressed gratitude to overseas Pakistanis, acknowledging their pivotal role as both ambassadors and a lifeline for the nation’s economy. The minister emphasized that recent surveys reflect an uptick in business and consumer confidence, signaling heightened industrial activity.

Aurangzeb highlighted the entry of 52,000 new investors into the stock market and noted that seven initial public offerings were completed in the past year, marking a significant improvement. Furthermore, he detailed new initiatives by the Federal Board of Revenue to enhance sugar production monitoring, aimed at reducing hoarding and illegal profiteering by ensuring sales to genuine distributors.