Pakistan eyes $70 billion mega investment

Pakistan eyes $70 billion mega investment

Deputy Chairman of the Planning Commission and Special Assistant to the Caretaker Prime Minister, Dr Jehanzeb Khan, emphasized the significant investment potential of $70 billion in Pakistan. During discussions with various countries, he brought attention to the ongoing dialogue surrounding potential investments.

Dr Jehanzeb Khan shared that the International Monetary Fund (IMF) had raised inquiries related to the Special Investment Facility Council (SIFC), highlighting the paramount importance of transparency and accountability in investment practices.

The IMF's counsel included a recommendation against granting preferential treatment or concessions to investments, expressing satisfaction with the SIFC's performance.

Addressing the matter of private investment, Dr Jehanzeb Khan acknowledged the time it might take for such investments to materialize in Pakistan.

To expedite privatization, the SIFC Forum is extending support, with a specific focus on the China-Pakistan Economic Corridor (CPEC), a commitment upheld by China until 2030.