ISLAMABAD: Pakistan is witnessing a surge in foreign direct investment (FDI) due to the efforts of the Special Investment Facilitation Council (SIFC).
The government is set to secure over $27 billion in FDI from Asian and European countries in the coming years, a development that is expected to play a crucial role in stabilizing Pakistan’s economy by fostering growth in key sectors.
Among the notable investors, Saudi Arabia has pledged an investment of $5 billion. In a further boost, both the United Arab Emirates (UAE) and Kuwait have expressed plans to invest $10 billion each, while Azerbaijan has shown interest in investing $2 billion, Radio Pakistan reported.
Azerbaijan has particularly shown interest in Pakistan’s space industry, hydrometeorology, and climate change initiatives. This investment aims to help Pakistan advance its technological capacity in these critical areas, which are becoming increasingly important due to global environmental challenges.
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China is also playing a crucial role in Pakistan’s economic development. The Shaanxi Coal and Chemical Industry Group from China is looking to explore opportunities in Pakistan’s energy sector, particularly focusing on technological advancements and joint ventures in energy production, petrochemicals, and industrial growth.
In addition, Pakistan has initiated talks with mining companies from Denmark to modernize its mining industry. The use of advanced technologies in mining is expected to boost Pakistan’s mineral production, attract more international investors, and contribute to the overall economic uplift.
The government’s focus on facilitating foreign investments through SIFC is already yielding positive results, and these financial commitments are expected to provide a significant boost to Pakistan’s economic growth in the coming years.
