Saudi Arabia to invest $25 bln in Pakistan

[Hyde]

@FOOLS_NIGHTMARE

You must have been laughing yourself on the probability of 25 billion dollars investment happening in Pakistan. It’s not going to see the light of the day.

If I see the economic indicators, hear comments from the general people in Pakistan. Even the pro PML-N fools now say to me that PDM has finished Pakistan.

There is nothing left in that country and everybody is just on one agenda of running away safely from there.

In such a scenario, why anybody will come to invest in this country?

 

[Cheepek]

Do CPEC projects fall under FDI because it is around $60-65 billion ?

CPEC investment till now is ~$20B-$25B. Another ~$5B in loans like SAFE deposits etc.

 

[nahtanbob]

The amount has grown to $70 billion

Saudi crown prince likely to visit Pakistan next month​

ISLAMABAD:
The much-anticipated visit of Saudi Crown Prince Mohammad Bin Salman is likely to take place in the first week of October, official sources familiar with the development told The Express Tribune on Tuesday.

Pakistan has been pushing for a visit from Saudi de facto ruler for months. The Saudi crown prince visited India recently to attend a G20 summit and later for a state visit. There were reports that the Saudi leader might make a brief stopover in Islamabad but later the plan was shelved.

Sources said the foreign office suggested that instead of Saudi crown prince making a stopover for a few hours it was better he would be invited for a state visit on separate dates.

Insiders told The Express Tribune that both sides were in contact with each other to finalise the dates for the visit. It is expected that the Saudi ruler may visit in the first week of October. Because of the likely visit of the Saudi crown prince, Caretaker Prime Minister Anwaarul Haq Kakar postponed his trip to Saudi Arabia. He was earlier to travel to the Kingdom before leaving for the UN General Assembly session in New York.

Also read: Pakistan hopes MBS will make brief stopover

Pakistan has high hopes of the impending visit of Saudi crown prince against the backdrop of economic crunch. Authorities are confident that the visit of Prince Mohammad would pave the way for much-needed investment the country has been seeking as part of efforts to address the economic challenges.

A Special Investment Facilitation Council (SIFC) was set up recently as part of efforts by the military leadership to attract investment from the Gulf countries.

Saudi Arabia has been identified as the major country to chip in with billions of dollars investment.

Sources said during the visit of MBS, both sides are expected to announce major investment projects. One project includes the setting up of an oil refinery in Gwadar. The multibillion dollar project was first announced during the visit of MBS in February 2019. However, no further progress was made due to various reasons including tensions between the PTI government and Saudi Arabia.

The project, however, was revived after the military leadership pushed for investment from Gulf countries. As part of the plan, Pakistan has also shown interest in selling shares of Reko Diq mines to Saudi Arabia.

In one of the recent interactions with the business community in Lahore and Karachi, Army Chief General Asim Munir reportedly said that he expected an investment of $70 billion from Saudi Arabia and United Arab Emirates (UAE).

This would be the first visit of the Saudi crown prince to Pakistan since he last visited in February 2019. He was supposed to travel to Pakistan in November last year but the visit was cancelled due to imminent change of army command in Pakistan.

 

[SaadH]

The amount has grown to $70 billion

Saudi crown prince likely to visit Pakistan next month​

ISLAMABAD:
The much-anticipated visit of Saudi Crown Prince Mohammad Bin Salman is likely to take place in the first week of October, official sources familiar with the development told The Express Tribune on Tuesday.

Pakistan has been pushing for a visit from Saudi de facto ruler for months. The Saudi crown prince visited India recently to attend a G20 summit and later for a state visit. There were reports that the Saudi leader might make a brief stopover in Islamabad but later the plan was shelved.

Sources said the foreign office suggested that instead of Saudi crown prince making a stopover for a few hours it was better he would be invited for a state visit on separate dates.

Insiders told The Express Tribune that both sides were in contact with each other to finalise the dates for the visit. It is expected that the Saudi ruler may visit in the first week of October. Because of the likely visit of the Saudi crown prince, Caretaker Prime Minister Anwaarul Haq Kakar postponed his trip to Saudi Arabia. He was earlier to travel to the Kingdom before leaving for the UN General Assembly session in New York.

Also read: Pakistan hopes MBS will make brief stopover

Pakistan has high hopes of the impending visit of Saudi crown prince against the backdrop of economic crunch. Authorities are confident that the visit of Prince Mohammad would pave the way for much-needed investment the country has been seeking as part of efforts to address the economic challenges.

A Special Investment Facilitation Council (SIFC) was set up recently as part of efforts by the military leadership to attract investment from the Gulf countries.

Saudi Arabia has been identified as the major country to chip in with billions of dollars investment.

Sources said during the visit of MBS, both sides are expected to announce major investment projects. One project includes the setting up of an oil refinery in Gwadar. The multibillion dollar project was first announced during the visit of MBS in February 2019. However, no further progress was made due to various reasons including tensions between the PTI government and Saudi Arabia.

The project, however, was revived after the military leadership pushed for investment from Gulf countries. As part of the plan, Pakistan has also shown interest in selling shares of Reko Diq mines to Saudi Arabia.

In one of the recent interactions with the business community in Lahore and Karachi, Army Chief General Asim Munir reportedly said that he expected an investment of $70 billion from Saudi Arabia and United Arab Emirates (UAE).

This would be the first visit of the Saudi crown prince to Pakistan since he last visited in February 2019. He was supposed to travel to Pakistan in November last year but the visit was cancelled due to imminent change of army command in Pakistan.

Yeah he will visit in Asim chutiyay's dreams...

 

[Hakikat ve Hikmet]

The modern Arabs and their promises....

 

[my2cents]

Saudi Arabia made a noteworthy announcement revealing the plans to invest a staggering $25 billion in Pakistan which marks the largest-ever investment from Saudi Arabia into the country, ARY News reported.

Pakistan’s economy received a substantial boost as Saudi Arabia made a noteworthy announcement on Tuesday. The revelation of plans to invest a monumental $25 billion in Pakistan marks the largest-ever investment from Saudi Arabia into the country.

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

The caretaker Prime Minister Anwar-ul-Haq Kakar, addressing journalists in Islamabad, stated that Saudi Arabia intends to invest $25 billion in Pakistan over the next two to five years.

The caretaker PM mentioned that Saudi Arabia plans to invest in Pakistan’s mining, agricultural, and IT sectors, which will increase foreign investment in the country.

The Prime Minister emphasized that Pakistan’s mineral resources are valued at nearly $3 trillion, adding that the caretaker government will complete the approval the privatization process for two state-owned energy companies in the next six months, meanwhile further discussions will be held on the privatization of another company outside the energy sector.

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

Saudi Arabia to invest $25 bln in Pakistan

ISLAMABAD: Saudi Arabia made a noteworthy announcement revealing the plans to invest a staggering $25 billion in Pakistan which marks the largest-ever

arynews.tv

 

[nahtanbob]

Pakistan numbers were okay for a while. Since 2011 it has taken a nose dive

 

[khail007]

While all the corrupts at the helm since long and looting the nation of their rights and resources.
It is a FOOLISH assumption of a FOOL living in FOOLS paradise to dream about such investment.

 

[Zibago]

Have Saudis announced this ?

Nah the COAS announced it through controlled people just to give an illusion of improvement

Recently he started going after the informal economy of Pakistan which will create massive inflationary pressures down the line

 

[ghazi52]

.,.,.
A cartoon printed in an Indian newspaper in which India and Saudi Arabia are singing a song...
"We will not leave this friendship".
And Pakistani is sitting on the road in a PAKISTAN Puncture Shop , remembering the Ummah ... What has happened to this country, this is what happens to slaves who are sold for a few dollars.

 

[jamesisi]

Saudi Arabia made a noteworthy revealing the ppmplans to invest a staggering $25 billion in Pakistan which marks the largest-ever investment from Saudi Arabia into the country, ARY News reported.

Pakistan’s economy received a substantial boost as Saudi Arabia made a noteworthy announcement on Tuesday. The revelation of plans to invest a monumental $25 billion in Pakistan marks the largest-ever investment from Saudi Arabia into the country.

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

The caretaker Prime Minister Anwar-ul-Haq Kakar, addressing journalists in Islamabad, stated that Saudi Arabia intends to invest $25 billion in Pakistan over the next two to five years.

The caretaker PM mentioned that Saudi Arabia plans to invest in Pakistan’s mining, agricultural, and IT sectors, which will increase foreign investment in the country.

The Prime Minister emphasized that Pakistan’s mineral resources are valued at nearly $3 trillion, adding that the caretaker government will complete the approval the privatization process for two state-owned energy companies in the next six months, meanwhile further discussions will be held on the privatization of another company outside the energy sector.

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

Saudi Arabia to invest $25 bln in Pakistan

ISLAMABAD: Saudi Arabia made a noteworthy announcement revealing the plans to invest a staggering $25 billion in Pakistan which marks the largest-ever

arynews.tv

Yes to buy atomic missile

 

[epebble]

.,.,.
A cartoon printed in an Indian newspaper in which India and Saudi Arabia are singing a song...
"We will not leave this friendship".
And Pakistani is sitting on the road in a PAKISTAN Puncture Shop , remembering the Ummah ... What has happened to this country, this is what happens to slaves who are sold for a few dollars.

View attachment 955147

Tracked down the song:

 

[Sliver]

its like the annoying relative you have who keeps asking for money year after year after year.
at some point whatever respect you have, is gone.