A significant economic boost is on the horizon for Pakistan as Saudi investors prepare to invest $10 billion in the country. A delegation of approximately 30 companies from Saudi Arabia is set to arrive today, aiming to create new job opportunities and foster economic growth.
Federal Minister for Petroleum, Musadik Malik, expressed confidence in this investment, emphasizing its importance in jumpstarting Pakistan’s developmental journey. He also highlighted the Prime Minister’s vision to involve the private sector more in driving the country’s progress.
Planning Minister Ahsan Iqbal recently announced at a Business Summit in Islamabad that Saudi Arabia may commit $5 billion to Pakistan. He stressed the need to boost exports and attract investments to meet Pakistan’s financial requirements. Furthermore, Iqbal underlined that political stability plays a crucial role in attracting such investments.
Iqbal also painted an optimistic picture of Pakistan’s economic prospects, envisioning a $2 trillion economy by 2047 through sustained growth. To achieve this ambitious goal, he called for collective efforts and mentioned ongoing talks concerning the China-Pakistan Economic Corridor (CPEC). Additionally, investment negotiations with the UAE, Kuwait, and Qatar are also underway.
Finally, this influx of Saudi investment will likely fuel Pakistan’s economic growth and pave the way for a brighter future. It aligns with the government’s efforts to attract foreign investment and promote economic stability and prosperity.