Planning Minister Ahsan Iqbal announced on Sunday that four friendly countries have committed to investing a total of $27 billion in Pakistan over the next five years.
During a televised address, Iqbal detailed the investment breakdown: Saudi Arabia will contribute $5 billion, while the United Arab Emirates and Kuwait will invest $10 billion each. Additionally, Azerbaijan has pledged $2 billion.
Earlier in Lahore, Iqbal discussed these investment plans, stating they would be made through the Special Investment Facilitation Council, emphasizing the need for consistent policies and reforms to maximize these investments.
He reaffirmed the government’s focus on socio-economic and judicial reforms, while also urging the PTI to engage constructively in Parliament rather than resorting to protests.
Additionally, Iqbal shared that China is preparing for the second phase of the China-Pakistan Economic Corridor (CPEC), with five new corridors dedicated to growth, innovation, and a green economy. He also mentioned a $2 billion investment from a Danish company in Pakistan’s port infrastructure.