During a lengthy four-hour meeting held on Saturday, the Chief of the ArmyStaff engaged in discussions with approximately 50 businessmen. Within thismeeting, the army chief conveyed an important message regarding his recentvisit to Saudi Arabia. Specifically, he made it clear to Mohammad BinSalman that his visit was not centered around securing a mere $1-2 billioninvestment for Pakistan.
In response to this, the Saudi prince extended a generous promise. Heassured the army chief of a substantial investment of $25 billion intoPakistan. This investment was to be facilitated through the SpecialInvestment Facilitation Council (SIFC), with the primary goal of attractingcapital into the agricultural sector. The offer included provisions such asland allocation and export support.
Furthermore, it was revealed by inside sources that the army chief hadstrategically requested the Saudi prince to allocate $10 billion of thisinvestment towards addressing Pakistan’s foreign exchange challenges. Anintriguing aspect of this request was that it would be repaid in Pakistanirupees, thus potentially alleviating foreign exchange pressure.
The meeting in the United Arab Emirates also played a pivotal role insecuring economic support. During this encounter, the army chief appealedto the UAE ruler for a $10 billion contribution to bolster foreign exchangereserves. Reportedly, the UAE ruler responded affirmatively to thisrequest. Additionally, the UAE ruler expressed a willingness to investanother $25 billion in Pakistan, contingent upon the army’s alignment withtheir objectives.
Read Top Stories
Furthermore, General Asim Munir, in his commitment to revitalize Pakistan’seconomy, pledged to attract investments of $25-30 billion from Qatar andKuwait during his upcoming visit. His ambitious vision encompasses a totalinflux of $75-100 billion in investments from Saudi Arabia, the UAE, Qatar,and Kuwait, signifying a significant potential boost to Pakistan’s economiclandscape
