Pakistan witnessing surge in FDI due to efforts of SIFC

ISLAMABAD: With the assistance of the Special Investment Facilitation Council, the government aims to attract over twenty-seven billion dollars in foreign direct investment from Asian and European nations in the upcoming years.

The primary goal of this investment is to support the stabilization of Pakistan’s economy through the development of crucial sectors.Facilitation of SIFC leading to development of petroleum sector

Among the prominent investors, Saudi Arabia has committed to investing five billion dollars, while both the UAE and Kuwait are interested in investing ten billion dollars each. Additionally, Azerbaijan has shown a desire to invest two billion dollars.

Recently, Pakistan and Saudi Arabia formalized agreements worth a total of twenty-one billion dollars, marking a significant advancement in their bilateral economic relations.

Azerbaijan is particularly eager to invest in essential areas, such as space industry projects, hydrometeorology, and climate change initiatives in Pakistan.

Furthermore, the Shaanxi Coal and Chemical Industry Group from China aims to contribute to Pakistan’s energy sector by exploring technological innovations and joint ventures in energy, petrochemicals, and industrial development.

Moreover, Pakistan plans to collaborate with renowned mining firms from Denmark to modernize its mining industry through the use of advanced technologies.