Saudi Arabia, UAE eyeing huge investment in Pakistan's IT, agri, mining sectors: Musadik Malik
Business
Says Nawaz Sharif to lead PML-N election campaign
ISLAMABAD (APP) – Minister of State for Petroleum Dr Musadik Malik on Sunday said the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE) were taking keen interest in Pakistani information technology, agriculture and mining sectors.
Saudi Arabia had planned to fix $24 billion funds for the investment purposes, while the UAE allocated $22 billion for exploring opportunities in three sectors of Pakistan, he stated in an interview with a private television channel.
The heavy investment in three major sectors of Pakistan would open many job opportunities for young people, he added. “Our young people having knowledge of advanced technology are fully capable to show the world about their skills,” Musadik said.
“We are hopeful to bring business opportunities to the country,” he said and added that the government had recently constituted committees for one-window operations to facilitate the investors.
Commenting on PML-N supremo Nawaz Sharif’s arrival in Pakistan, he said the former prime minister would come Pakistan to lead the election campaign after the announcement of the election date by the ECP.
He said the incumbent government’s tenure would complete by August mid and the caretaker set-up will invite ECP to announce the schedule for general elections.
Musadik said it was the responsibility of ECP to hold the next elections in a transparent manner and vowed that the PML-N under the guidance of Nawaz Sharif would sweep the general elections.
To a question about the IMF, he said a nine-month relief through an agreement had been achieved to run the economic affairs in a proper manner and hoped that heavy investment from the Gulf region would boost business activities besides open job opportunities in Pakistan.
