Prime Minister of Pakistan, Anwar-ul-Haq Kakar, has stated that Pakistan ispoised to attract a $50 billion investment from Saudi Arabia and the UnitedArab Emirates in the next two to five years. He made this announcementduring a conversation with international media representatives in Islamabadon Monday.
When asked about recent reports in the media regarding a meeting betweenPakistan’s Army Chief, General Asim Munir, and representatives of thebusiness community in Karachi, where it was claimed that Saudi Arabia andthe UAE would invest $25 billion each in Pakistan, the Prime Ministerconfirmed, saying, “Yes, I confirm that.”
He went on to clarify that this investment would primarily focus on thesectors of minerals and mining and is expected to materialize over the nexttwo to five years.
The establishment of this investment facilitation council, known as theSpecial Investment Facilitation Council, aims to expedite investment fromGulf Cooperation Council (GCC) countries, especially the Kingdom of SaudiArabia, making investment processes more accessible and efficient. GeneralAsim Munir, the Chief of Army Staff of Pakistan, is also part of thiscouncil, further emphasizing the significance of this investment inPakistan’s development.
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This significant investment from Saudi Arabia and the UAE reflects theirconfidence in Pakistan’s potential for economic growth and development,particularly in the mineral and mining sectors, and signifies a major steptowards strengthening economic ties between these nations
