Islamabad, October 6, 2024-Pakistan is expected to receive over $27 billion in direct foreign investment in the coming years, a rare good news emerged.
With improving economic indicators and the recent approval of a $7 billion bailout package by the IMF, Pakistan’s economy is on a path to recovery. The first tranche of the IMF package has already been received, and now there’s more positive news for economic stability.
According to media reports, Pakistan is set to attract more than $27 billion in direct foreign investment over the next few years, with the government committed to promoting foreign investment through the facilitation of the Special Investment Facilitation Council (SIFC). The primary goal of this investment is to support key sectors and enhance economic stability.
Saudi Arabia plans to invest $5 billion, while the UAE and Kuwait are each expected to invest $10 billion. Azerbaijan has expressed its intent to invest $2 billion in Pakistan in the coming years.
Pakistan and Saudi Arabia have signed agreements for a total of $21 billion in investments. These include nearly $10 billion for establishing an oil refinery, $1 billion for a petrochemical complex at Gwadar Port, and $5 billion in commercial trade investments between the two nations.
Additionally, Saudi Aramco is set to launch its first branded retail gas station in Pakistan by the end of the year. Azerbaijan has shown particular interest in investing in Pakistan’s oil, gas, minerals, and other sectors.
