Pakistan Expects $27 Billion Investment From Gulf Countries in 5 Years

Pakistan expects to receive investments worth $27 billion from Gulf countries in the next five years under the Special Investment Facilitation Council, Planning Minister Ahsan Iqbal told media persons on Thursday. The minister said the federal government has already shared details of projects with Saudi Arabia and the United Arab Emirates. These investments are expected over the next five years and will likely come through sovereign wealth funds and private investors, reported Express Tribune. It bears mentioning that in November 2023, Special Investment Facilitation Council (SIFC) Apex Committee Secretary Jehanzeb Khan said investments worth $70 billion were expected in the next 3-5 years. He noted that the majority of this investment was expected to come from private investors while other contributions would come through foreign governments via sovereign wealth funds. The $27 billion investment is seen as a more realistic figure. However, it is a steep revision from the $70 billion estimated last year.