Saudi to make biggest foreign investment in Pakistan's history soon: finance minister

[Cash GK]

Current rupee devaluation was part of a main point on going talk with IMF...

devaluación is to stop spending dollars to keep the price low.. remember pmln sold 7 billions dollars to keep the price low.. Khan will not do these fake methods to lower dollar price

I dont think you need any evil eye when you have Umar as your finance minister.

and you have modi.. i am not happy that modi is losing the elections.. he was doing best job for us to creating hate among his people. i hope he win the elections and makes the Pak’s job easy in india

 

[Hareeb]

Saudis were interested in building an oil refinery in Gawadar. If the talks are successful, they may invest $5-10 billion in oil sector as FDI.

 

[War Thunder]

So the biggest investment in Pakistan's history??? I sincerely hope they are not selling out vital Pakistan resources to the Saudis as these Saudis will expect everyone in Pakistan to bow before them as they new masters.

Saudis and their existence as a ruling entity in that land is dependent greatly on Pakistan.
You need to widen the horizons of your perspective before coming up with a tunnel vision comment mate.

 

[enquencher]

I would not be surprised if this is the same shit about the proposed oil refinery to be built over a period of 5 to 7 years, rehashed again by this incompetent finance minister who today compared value of the dollar with "mardangi"!!

Is bar riyals ki nadiya bahegeee... I think its the same refinery churan of refinery. Or may be trump has ordered to saudia to make pakistan happy so he can get help in afganistan @Śakra

 

[SunilM]

I think its the same refinery churan

Yes it is refinery churan rehashed to grab headlines.

 

[AZ1]

Finance Minister Asad Umar on Thursday said that an incoming investment package from Saudi Arabia, which promises to be "the biggest foreign investment in Pakistan history", will be announced soon.

"The ball is in our court. We have to get cabinet approval next week, after which an announcement will be made," he said, addressing an event in Islamabad.

He added that he keeps getting messages from Saudi Crown Prince Mohammad Bin Salman "through other people to hurry up".

Pakistan and Saudi Arabia have been in talks recently over a bailout package for Islamabad. At a time when various foreign countries and business delegations were pulling out of an investment conference in Saudi after the murder of journalist Jamal Khashoggi, Prime Minister Imran Khan attended the event, inviting foreign investors to put their money into projects in Pakistan.

It was the prime minister's second visit to Saudi Arabia since assuming office, and came as Pakistan was on the lookout for "friendly" nations to court in search of billions of dollar to shore up its deteriorating finances in the face of a balance of payments crisis and talks with the International Monetary Fund over a possible bailout.

https://www.dawn.com/news/1451201

 

[ARMalik]

Saudis and their existence as a ruling entity in that land is dependent greatly on Pakistan.
You need to widen the horizons of your perspective before coming up with a tunnel vision comment mate.

So a person like you saying that "Saudis are dependent on Pakistan for their existence" clearly shows who has tunnel visions. Stop living in La, La land dude ... it is a ridiculous statement to make.

 

[AZ1]

Great news, right up there e with Largest oil discovery (larger than Kuwaiti oil field), $200 billion black money in Switzerland to be remitted, and our all time favourite Gwadar will turn into the next Dubai.

Nice to see some indians on this thread with burning face and back lol.

Same thing was said few months back as well
I dont get it why PTI just shut up and wait until deal is done , every thing is signed money is there ,
then say that country is investing in these projects that much
They create hype and nothin happens and people will just talk about Pakistani Goverment
PTI needs to understand that they are not doing local politics any more and they are represting Pakistani Goverment now

They should wait but they have problem in their stomach that having weak digestion and spit everything out before time and then later it becomes hard for them to defend.

 

[The Accountant]

Great news

 

[Arsalan]

I guess it will be 2-5 billion dollars and nowhere close to CPEC as it was technically not FDI

But if it is close to CPEC we have countless reasons to celebrate and our Indian friend will be crying rivers on this forum

We are hearing 10 here but i wont believe it until i see it OR at least until it is officially announced.

 

[Hyde]

We are hearing 10 here but i wont believe it until i see it OR at least until it is officially announced.

10 is for the refinery right for which we are hearing for the last 10 years or so...

The amount has doubled since we started hearing about it so I guess the capacity of refinery has increassed

We need more investment, just one refinery is not enough

 

[Riz]

devaluación is to stop spending dollars to keep the price low.. remember pmln sold 7 billions dollars to keep the price low.. Khan will not do these fake methods to lower dollar price

This is all fuking fake system , there is no demand of us$ in open market at all.........but there are many investors who are stocking millions and millions of dollars in homes.....today if you throw one billion us$ in market it will disappears like ghost .....govt should ban sale of us$ in open market ...if any one want dollars use banking channel .......i bet in few months you will see dollar declined to Rs.60,,,,i told you before if i want to buy dollars it means i want to import some thing from abroad but there is no way i can use legal channel as i cant send outword remittance for business transaction its not allowed by govt of pakistan, so i will use hundi hawala channel ..thats all ......currently people are buying dollars just for investment purpose there are many millioners in pakistan with black money.so this way they are doubling there black money and harming our economy

 

[Arsalan]

10 is for that refinery right which are hearing for the last 10 years or so...

The amount has doubled since we started hearing about it so I guess the capacity of refinery has increassed

We need more investment, just one refinery is not enough

Yup, the "i wont believe it until i see it OR at least until it is officially announced" part was actually a preemptive strike/response to this post of yours

I am not sure of the 10 we have been hearing about is same as that refinery or is it different. Personally i think the investment is not limited to the oil refinery only. A huge part of it may go to that refinery but there are other fields that will get some investment. Mainly agriculture and agriculture based industry.

However, it is all talk for now, rumors and not much more. Waiting for something to actually happen and then we can discuss it in detail

 

[MrSato1]

If its the biggest investment in pakistans history how can it be 2 to 5 billion dollars...its had to be bigger than cpec.
Why are people so negative

lol because its FDI, CPEC isnt. You do realise CPEC is over 100 billion at this point? no country other than China, US and EU can afford such “foreign” investments.

 

[RIP Pak LAW]

It has to be Oil refinery project. Probably single biggest investment in Pakistan 'for a single project'. Apart from Oil refinery, they might be investing in minerals reserves (especially gold) or even in Basha Dam project.

CPEC actually is a bunch of many projects, from power stations to infrastructure or economic zones. Not one single project.