Pakistan likely receive $20bn in investments from Saudi Arabia, UAE, and Qatar

MG News | June 22, 2023 at 12:16 PM GMT+05:00

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June 22, 2023 (MLN): Pakistan is likely to receive $20 billion in investments from Saudi Arabia, United Arab Emirates, and Qatar in various fields, Rana Ihsan Afzal, a coordinator to Prime Minister Shehbaz Sharif on commerce and industry told Arab News.

Pakistan constituted a Special Investment Facilitation Council (SIFC) this week, with a focus on attracting investment from Gulf Cooperation Council (GCC) countries.

The council's main objectives include acting as a 'Single Window' for cooperation with GCC countries and other nations, and preparing a long-term roadmap for growth and investment.

Additionally raising awareness of Pakistan's potential, exploring new opportunities, improving the ease of doing business, and coordinating Pakistan Army's assistance in line with the council's objectives.

The SIFC’s focus is on investment and privatization in Defense, Agriculture, Minerals, Information Technology and Telecommunication, and Energy sectors.

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