Caretaker Prime Minister Anwaarul Haq Kakar expressed the Pakistanigovernment’s optimism regarding potential investments from Saudi Arabia.This positive outlook stems from discussions between Crown Prince MohammadBin Salman of Saudi Arabia and Pakistan’s Chief of Army Staff.
During an interview with a private news channel, Caretaker PM Kakardisclosed that the government was actively planning a visit by the SaudiCrown Prince. The purpose of this visit would be to fully tap into theeconomic opportunities present in Pakistan.
Furthermore, the prime minister revealed that a task force, under theleadership of the finance minister, had been established to assess thesizes of both federal and provincial governments. This task force wouldalso explore avenues to manage pension funds more effectively and seek waysto rationalize public expenditure while increasing revenue.
Caretaker PM Kakar stressed the importance of this effort, emphasizing theneed to streamline expenditure and enhance government revenue to establisha more stable state and mitigate existential threats resulting fromeconomic vulnerabilities.
In addition to fiscal reforms, the Special Investment Facilitation Council(SIFC) was actively working to improve governance and address historicalissues of mismanagement.
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The prime minister noted that civil institutions had previously been lax intheir operations, but the organizational strength of the army leadershiphad instilled renewed confidence in the civil service, energizing them toimplement policies and attain national objectives.
Lastly, Caretaker PM Kakar disclosed promising developments in the energyand mineral sectors. A Pakistani consortium of oil companies was engaged innegotiations with Saudi oil company Aramco to establish an oil refinery inPakistan.
Furthermore, the United Arab Emirates had expressed a keen interest inexploring mineral resources within Pakistan’s territory. These potentialinvestments and collaborations could significantly contribute to Pakistan’seconomic growth and development
