Pakistan expects $50 billion from PM visits

World Sunday 17/February/2019 13:42 PM
By: Times News Service
Pakistan expects $50 billion from PM visits

Muscat: Pakistan expects to receive $50 billion in foreign investment as a result of Prime Minister Imran Khan's visits abroad, the Government confirmed.
In a post on Twitter, the official Government of Pakistan handle detailed it was expecting to receive $21 billion from Saudi Arabia, $16 billion from Qatar, $13 billion from the UAE, and $522 million from Malaysia.
A statement accompanying the figures read, "The current inflow of investments from KSA, UAE, Qatar, Malaysia and other countries would result in exponential growth of Foreign Direct Investment (FDI) in the country."
The announcement comes as the Crown Prince of Saudi Arabia Muhammad bin Salman Al Saud is due to visit the nuclear-armed nation. "During the visit of the Crown Prince, major agreements in various fields are planned for signing between Pakistan and Saudi Arabia," the Government of Pakistan stated.
Pakistan Ministry of Foreign Affairs Spokesman Dr. Mohammad Faisal also confirmed that an "MoU on establishment of an integrated complex, petrochemical refinery to be signed during the visit," in addition to agreements promoting media and cultural collaboration.