ISLAMABAD: Adviser to the Prime Minister on Commerce, Textile, Industry &Production and Investment, Abdul Razak Dawood Monday said United ArabEmirates (UAE) and Qatar were ready for huge investment in Pakistan soon.
Foreign and domestic investors were showing keen interest to invest here asthe present government was providing conducive environment and equalopportunities to them, he said talking to a private news channel.
He said such investment would pave ways to further strengthen the nationaleconomy. Saudi Arabia was investing 20 billion dollars in Pakistan’svarious sectors including power, mineral, refinery and others. Thisinvestment especially in power sector would help the country to reduce itsenergy costs, he added.
Abdul Razak Dawood said refinery project of Saudi Arabia in Gawadar wouldbe completed in the next three to five years.
Commenting on visit of Saudi Arabia Crown Prince Mohammad bin Salman, hetermed the visit a successful and historical as memorandum of understanding(MoUs) among both the countries were signed in different sectors.
Read Top Stories
To a query, he said China Pakistan Economic Corridor (CPEC) was beneficialfor Pakistan and it would help to decrease power shortage and to improvethe country’s infrastructure.
He said when the PTI government came into power, the country’s economy wasin worst condition, however, the government had taken gigantic measures forits improvement. “We had stopped import of Francis oil,” he stated.
The adviser said Malaysian Prime Minister Mahathir Mohamad and TurkishPresident Recep Tayyip Erdogan would also visit to Pakistan soon.
