ISLAMABAD, Oct 06: In a significant boost to Pakistan’s economy, foreign direct investment (FDI) of more than $27 billion is expected in the coming years.
This positive development comes as the International Monetary Fund (IMF) has recently approved a $7 billion bailout package, with the first installment already received, signaling an upward trend in the nation’s economic indicators.
Media reports highlight that the government is dedicated to enhancing foreign investment through the facilitation of the Special Investment Facilitation Council (SIFC). The primary goal of this investment surge is to promote economic stability and support key sectors in development.
Saudi Arabia is poised to invest $5 billion, while the UAE and Kuwait are expected to contribute $10 billion each. Additionally, Azerbaijan is looking to invest $2 billion in Pakistan over the next few years. Notably, Pakistan and Saudi Arabia have signed investment agreements totaling $21 billion, including approximately $10 billion for establishing an oil refinery and $1 billion for the Gwadar Port Petrochemical Complex, along with $5 billion in trade investment agreements between the two nations.
Moreover, Aramco Company plans to launch its first branded retail gas station in Pakistan by the end of this year, further highlighting the growing interest of foreign investors in the country.
