ISLAMABAD: Qatar and Saudi Arabia have pledged $3 billion in investments across multiple sectors in Pakistan, marking a significant step towards enhancing economic ties between the three nations.
This landmark investment, which was finalized during a series of meetings facilitated by the Special Investment Facilitation Council (SIFC), aims to foster collaboration in trade, culture, food security, health, education, and natural resources.
The agreements followed the successful visit of Prime Minister Shehbaz Sharif to Qatar, where both countries agreed on mutual investments to the tune of $3 billion. These funds will help support various development initiatives and strengthen bilateral trade relations.
Additionally, Saudi Arabia and Pakistan have signed 34 memoranda of understanding (MoUs), which focus on vital sectors including food security, health, education, and mineral resources.
The SIFC has played a crucial role in attracting these investments by creating an improved business environment in Pakistan, boosted by recent economic reforms.
With these major foreign investments, Pakistan is poised to benefit from increased collaboration, enhanced infrastructure, and greater economic stability, marking a new phase of growth and development for the country.
