KSA, UAE keen to invest in Pakistan: Musadiq
According to ARY News, Saudi Arabia and the United Arab Emirates have shown keen interest in investing in Pakistan’s information technology, agriculture, and mining sectors.
According to a private television interview, Saudi Arabia will invest 24 billion dollars, and the UAE 22 billion dollars.
To facilitate investors, the government has recently constituted committees for one-window operations.
According to sources, UAE wants to equip Karachi port terminals with the latest technology for smooth shipments. In accordance with the sources, the agreement regarding terminal handling with the UAE will be signed before the end of June.
The UAE and Malaysia are finalizing the conditions of the agreement, with Ishaq Dar and Faisal SazBari negotiating the details.
Under the government-to-government agreements, the panel has been permitted to finalize an operation, maintenance, investment, and development agreement for the Karachi port terminals with a nominated UAE agency.