• Download the Constitution of Pakistan
  • Advertise
WRITE FOR US
Economy.pk
No Result
View All Result
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos
No Result
View All Result
Economy.pk
No Result
View All Result
Home Business

Saudi Arabia to invest $25 bln in Pakistan

by Irsa
September 5, 2023
in Business, Economy
Reading Time: 1 min read
Saudi Arabia to invest $25 bln in Pakistan
Share on FacebookShare on Twitter

Saudi Arabia made a significant statement, confirming plans to invest a stunning $25 billion in Pakistan, the country’s largest-ever investment from Saudi Arabia.

On Tuesday, Saudi Arabia made a significant announcement that boosted Pakistan’s economy significantly. The announcement of plans to invest a massive $25 billion in Pakistan represents Saudi Arabia’s largest-ever investment in the country.

The allocation of the sum is projected to have far-reaching consequences, potentially catalysing growth in a variety of industries in Pakistan, including mining, agriculture, and the information technology industry.

In a presentation to journalists in Islamabad, interim Prime Minister Anwar-ul-Haq Kakar claimed that Saudi Arabia aims to invest $25 billion in Pakistan over the next two to five years.

The caretaker PM stated that Saudi Arabia intends to engage in Pakistan’s mining, agriculture, and information technology sectors, increasing foreign investment in the country.

The Prime Minister emphasised that Pakistan’s mineral resources are worth nearly $3 trillion and that the caretaker government will complete the approval process for two state-owned energy companies in the next six months, while further discussions on the privatisation of another company outside the energy sector will take place.

According to the news agency Reuters, the $25 billion investment will become Saudi Arabia’s largest investment in Pakistan to date.

Tags: latestPrime Minister Anwar-ul-Haq KakarSaudi Arabia
Irsa

Irsa

Related Posts

Pakistan mulling to sell Reko Diq shares to Saudi investors

Pakistan mulling to sell Reko Diq shares to Saudi investors

Following the kingdom's interest in the copper-gold mining project, the federal government is considering selling its shares in the Reko...

Intraday Update: Rupee's Strong Performance Against US Dollar

Intraday Update: Rupee’s Strong Performance Against US Dollar

The Pakistani rupee gained 0.39% against the US dollar during the first hours of trade in the interbank market on...

Cnergyico imports Pakistan’s first private-sector Russian crude cargo

Cnergyico imports Pakistan’s first private-sector Russian crude cargo

Cnergyico, a Pakistani refiner, announced on Monday that it has imported the country's first private-sector supply of Russian crude oil,...

Gold prices drop in Pakistan

Gold Prices Decline in Pakistan: Check the Latest Rates

On Monday, the price of 24-karat gold, in its purest form, stands at Rs202,000 per tola. For those interested in...

Oman’s low-cost carrier SalamAir completes maiden flight from Muscat to Peshawar

Oman’s low-cost carrier SalamAir completes maiden flight from Muscat to Peshawar

SalamAir, Oman's low-cost carrier, completed its maiden flight from Muscat to Peshawar on Monday, according to a statement from Pakistan's...

Hyundai Santa Fe Hybrid launched in Pakistan: prices, features

Hyundai Santa Fe Hybrid launched in Pakistan: prices, Specifications

Hyundai Nishat has introduced two variations of the Hyundai Santa Fe Hybrid Electric Vehicle (HEV) in Pakistan. The Hyundai Santa...

Next Post
All airports in Pakistan to get e-gates

All airports in Pakistan to get e-gates

Recent Posts

  • Pakistan mulling to sell Reko Diq shares to Saudi investors
  • Intraday Update: Rupee’s Strong Performance Against US Dollar
  • Delivery time for Pakistani passport increased: Here is fresh schedule for normal, urgent category
  • Supreme Court resumes hearing on law clipping CJP’s powers
  • Interbank Closing Currency Exchange Rates in Pakistan by SBP – October 2, 2023

Advertisement

Twitter

Economy.pk

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Categories

  • Economy
  • Politics
  • Technology
  • Education
  • Life & Style
  • Health
  • World
  • Videos

Privacy & Legal

  • Privacy Policy
  • Cookies

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • About
  • Advertise
  • Contact

© 2023 Economy.pk

No Result
View All Result
  • VIDEOS
  • World
    • Europe
    • Americas
    • Asia
    • Oceania
    • Africa
    • Middle East
  • Finance
  • Politics
  • Business
    • Economy
    • Finance
    • Entrepreneurship
    • Real Estate
  • Technology
    • Cyber Security
    • Mobiles
    • Social Media
  • Education
  • Sports
  • Life & Style
    • Personalities
    • Art
    • Culture
    • History
    • Entertainment
    • Fashion
    • Food
    • Health
      • Environment
      • Fitness
  • Sponsored

© 2023 Economy.pk