Pakistan sees growth above 4%, looks to raise more than $1 billion from privatisation

Pakistan's economy is projected to expand by more than 4% this fiscal year, despite rising oil prices, according to Finance Minister Muhammad Aurangzeb. The government aims to raise more than $1 billion through the privatization of five to six entities, including state-owned power distribution companies and airport operations. These privatization efforts could serve as a crucial test of Pakistan's reform credibility with the International Monetary Fund (IMF).

The country remains vulnerable to a prolonged Middle East conflict due to its dependence on Gulf energy imports and external financing. Despite economic challenges, Pakistan has managed to secure adequate fuel supplies and maintain stability in critical sectors such as agriculture.