Saudi Arabia plans to invest $25 bln in Pakistan over next 5 years

Saudi Arabia is planning to invest about $25 billion in Pakistan over the next five years in various sectors, Pakistan’s caretaker Prime Minister Anwaar-ul-Haq Kakar said on Monday.

The investment would come in the mining, agriculture and information technology sectors, and was a part of a push to increase foreign direct investment in Pakistan, Kakar told journalists.

The Saudi and UAE investments are part of a new “strategy for economic revival” to increase foreign direct investment in Pakistan under the supervision of the recently set up Special Investment Facilitation Council, or SIFC, Kakar added.