ISLAMABAD: Saudi Arabia made noteworthy announcement revealing plans to invest staggering $ 25 billion in Pakistan which marks largest-ever investment from Saudi Arabia into country.

Pakistan's economy received substantial boost as Saudi Arabia made noteworthy announcement. Revelation of plans to invest monumental $ 25 billion in Pakistan marks largest-ever investment from Saudi Arabia into country.

Allocation of amount is expected to have far-reaching implications, potentially catalysing growth across various sectors in Pakistan, including mining, agriculture and IT industry.

Caretaker Prime Minister Anwaarul-Haq Kakar addressing journalists here stated that Saudi Arabia intends to invest $ 25 billion in Pakistan over next two to five years.

He mentioned that Saudi Arabia plans to invest in Pakistan's mining, agricultural and IT sectors, which will increase foreign investment in country.

Pakistan’s state-owned enterprises have long been an area of concern with bleeding financials adding to financial stress. Recently Pakistan added struggling state-run Pakistan International Airlines to privatisation list again.

Privatisation process has largely stalled in country with selling of state assets politically sensitive issue that many elected governments have shied away from.

Published in The Daily National Courier, September, 06 2023

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