A significant economic boost is on the horizon for Pakistan as Saudi investors gear up to invest $10 billion in the country. This promising development comes as a delegation of approximately 30 companies from Saudi Arabia is expected to arrive today, with the aim of creating new job opportunities and fostering economic growth.
Federal Minister for Petroleum, Musadik Malik, has expressed confidence in this investment, emphasizing its importance in jumpstarting Pakistan’s developmental journey. He highlighted the Prime Minister’s vision for increased private sector involvement in driving the country’s progress.
This investment commitment follows Planning Minister Ahsan Iqbal’s recent announcement at a Business Summit in Islamabad, where he hinted at Saudi Arabia’s potential $5 billion investment. Iqbal stressed the significance of boosting exports and attracting investments to meet Pakistan’s financial requirements, underlining the need for political stability to attract such investments.
Moreover, Iqbal painted an optimistic picture of Pakistan’s economic prospects, envisioning a $2 trillion economy by 2047 through sustained growth. He called for collective efforts towards achieving this ambitious goal and mentioned ongoing discussions concerning the China-Pakistan Economic Corridor (CPEC), along with investment negotiations with UAE, Kuwait, and Qatar.
This influx of Saudi investment is poised to fuel Pakistan’s economic growth and pave the way for a brighter future, aligning with the government’s efforts to attract foreign investment and promote economic stability and prosperity.