Pakistan seeks investment worth $50 billion from two friendly countries
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Prime Minister of Pakistan, Anwar-ul-Haq Kakar, has stated that Pakistan is poised to attract a $50 billion investment from Saudi Arabia and the United Arab Emirates in the next two to five years. He made this announcement during a conversation with international media representatives in Islamabad on Monday.
When asked about recent reports in the media regarding a meeting between Pakistan's Army Chief, General Asim Munir, and representatives of the business community in Karachi, where it was claimed that Saudi Arabia and the UAE would invest $25 billion each in Pakistan, the Prime Minister confirmed, saying, "Yes, I confirm that."
He went on to clarify that this investment would primarily focus on the sectors of minerals and mining and is expected to materialize over the next two to five years.
The establishment of this investment facilitation council, known as the Special Investment Facilitation Council, aims to expedite investment from Gulf Cooperation Council (GCC) countries, especially the Kingdom of Saudi Arabia, making investment processes more accessible and efficient. General Asim Munir, the Chief of Army Staff of Pakistan, is also part of this council, further emphasizing the significance of this investment in Pakistan's development.
This significant investment from Saudi Arabia and the UAE reflects their confidence in Pakistan's potential for economic growth and development, particularly in the mineral and mining sectors, and signifies a major step towards strengthening economic ties between these nations
