ISLAMABAD: Prime Minister Shehbaz Sharif is expected to visit the United Arab Emirates this week, during which he will invite investors from the Gulf countries to invest in Pakistan.
During his visit to the United Arab Emirates, the Prime Minister will meet the leadership there. Pakistan is expecting billions of dollars of investment from Saudi Arabia and the UAE to increase its foreign exchange reserves.
Pakistan has established a Special Investment Facilitation Council (SIFC) to facilitate foreign investors, which will provide a one-window facility to investors. Identifies areas for investment.
Last year, while addressing the business community in Lahore, Army Chief General Asim Munir expressed hope that Saudi Arabia and the Emirates would invest 70 billion dollars in Pakistan in the next three to five years.
According to the sources, apart from Saudi Arabia, Pakistan is also contacting Emirates for investment and various incentives are being offered to the investors there.
Saudi Arabia and the Emirates are the two major countries that saved Pakistan from financial crisis and now they want to focus on investing here instead of giving a bailout package to Pakistan.
