Saudi investors plan to invest $10 billion in Pakistan

Pakistan’s economy stands on the brink of a significant boost with Saudi investors and traders gearing up to inject $10 billion into the country. This promising development accompanies the arrival of a delegation comprising approximately 30 companies from Saudi Arabia today (Sunday), with the aim of generating new job opportunities.

Federal Minister for Petroleum, Musadik Malik, voiced optimism regarding this investment, emphasizing its pivotal role in initiating Pakistan’s developmental trajectory. He underscored the Prime Minister’s vision for heightened private sector engagement in propelling the nation’s advancement.

This commitment to investment follows Planning Minister Ahsan Iqbal’s recent disclosure at a Business Summit in Islamabad, where he hinted at a potential $5 billion investment from Saudi Arabia. Iqbal stressed the imperative of bolstering exports and attracting investments to meet Pakistan’s financial needs, emphasizing the necessity of political stability to attract such investments.

Furthermore, Iqbal painted an optimistic picture of Pakistan’s economic prospects, envisaging a $2 trillion economy by 2047 through sustained growth. He called for concerted efforts toward realizing this ambitious objective and mentioned ongoing deliberations concerning the China-Pakistan Economic Corridor (CPEC) as well as investment dialogues with UAE, Kuwait, and Qatar.

This influx of Saudi investment is poised to propel Pakistan’s economic expansion and pave the way for a brighter tomorrow, aligning with the government’s endeavors to allure foreign investment and foster economic stability and prosperity.

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