Pakistan to attract $60 billion investment
Shares
Caretaker Prime Minister Anwaar ul Haq Kakar has expressed optimism about Pakistan's potential to attract substantial investments, foreseeing an influx of sixty to seventy billion dollars over the next three to five years. During a discussion with senior journalists and anchorpersons in Islamabad, he also highlighted the existence of commitments for additional investments, nearly matching the aforementioned figures. Kakar emphasized the need for the country to formulate and present a diverse range of projects to harness these investments effectively.
Furthermore, he underscored the substantial appetite for investment in Pakistan, emphasizing the nation's attractiveness to potential investors. The caretaker Prime Minister elaborated on the efforts of the Special Investment Facilitation Council, which has introduced a dedicated website to provide up-to-date information on ongoing joint ventures and identify areas ripe for future investments.
Kakar detailed the council's initiative, aimed at unlocking the untapped potential in various sectors, including mines and minerals, agriculture, Information Technology, and defense production. Notably, he disclosed that some estimates value Pakistan's mineral wealth at an astounding five to six trillion dollars, with the reserves at Reko Diq alone accounting for a staggering seven hundred billion dollars. This revelation signals the country's determined march toward realizing its formidable resource potential.
In conclusion, Caretaker Prime Minister Anwaar ul Haq Kakar's remarks illuminate the bright prospects for Pakistan's economy. With substantial investment opportunities on the horizon and the government's commitment to facilitating investments in key sectors, the nation stands poised to harness its vast mineral wealth and foster economic growth in the coming years. The dedication to transparency through the Special Investment Facilitation Council's website promises a more accessible and attractive environment for both local and foreign investors, further strengthening Pakistan's position on the global economic stage.
