The realization of speech anxiety among ESL/EFL learners is important. Once understood, these feelings of fear or nervousness may be relieved and the desired objectives of learning the target language may be achieved. The study has attempted to measure the level of anxiety among ESL/EFL learners at HITEC University, Taxila, Pakistan. The current research has arrived at the conclusion that the target population is highly anxious in situation where they are required to speak English. The findings show that sources such as pedagogical, psychological, socio-economic, linguistic and cultural generate anxiety among the EFL learners. The study has suggested variety of strategies to treat anxiety in the academic context. It was found that communicative approach in classroom may be helpful in minimizing the negative impact of anxiety among language learners.