Islamabad September 18 2022: Minister for Finance Miftah Ismail has said that Qatar, United Arab Emirates (UAE), Saudi Arabia and Asian Development Bank (ADB) are showing keen interest in various sectors of Pakistan.
Qatar was seeking three billion dollar plan to invest in Stock Exchange that may include investment in private companies, Solar and LNG plants and airports, he said while talking to a private television channel on Saturday.
Saudi Arabia will invest one billion in Pakistan while one friendly country will give oil of one billion dollar at deferred payment.
Collectively, he said, investment of about five billion dollars would be made in different sectors of Pakistan. The ADB alone would provide funds worth one and half billion dollars to kick start projects of public interest, he added.
China has provided four billion in loan to Pakistan for which we have received commitment of rollover. In the same way Saudi Arabia three billion and UAE 2.4 billion loan will be rollover.
Expressing optimism about support of world countries, he said, “we will overcome all difficulties being faced in the economic and business sectors with the help of friendly countries and international organizations.”
To a question about confidence of investors in this region, Miftah said that government was taking all possible measures to bring improvement in stock market, currency, and investor’s confidence.
He assured that people would enjoy maximum relief in next two months. Relief and rehabilitation of flood-torn areas are the priorities of the coalition government, he added.
