ISLAMABAD: Saudi Arabia will invest up to US$25 billion (RM116.3 billion) in Pakistan over the next two to five years in various sectors, Pakistan’s c...
A man transporting water canisters along a street in Lahore. Pakistan is embarking on a tricky path to economic recovery under a caretaker government. – AFPpicSaudi Arabia will invest up to US$25 billion in Pakistan over the next two to five years in various sectors, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar said on Monday , adding his government would also revive a stalled privatisation process.
There was no immediate response to a Reuters request to the Saudi Arabian government for comment on Kakar’s remarks. Kakar did not specify projects Riyadh was looking at for investment, but last month Barrick Gold Corp said it was open to bringing in Saudi Arabia’s wealth fund as one of its partners in Pakistan’s Reko Diq gold and copper mine.
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