Islamabad, Oct 4: Pakistan anticipates receiving investments totaling $27 billion from Gulf countries over the next five years through the Special Investment Facilitation Council, as stated by Planning Minister Ahsan Iqbal during a media briefing on Thursday.
The minister revealed that the federal government has already provided project details to Saudi Arabia and the United Arab Emirates. These investments, expected to materialize within the next five years, are likely to come from sovereign wealth funds and private investors, according to the Express Tribune.
It’s worth noting that in November 2023, Jehanzeb Khan, Secretary of the Special Investment Facilitation Council (SIFC) Apex Committee, projected investments of $70 billion in the next 3-5 years.
He indicated that most of this funding was anticipated to come from private investors, with additional contributions from foreign governments through sovereign wealth funds.
The revised figure of $27 billion is viewed as more realistic, although it represents a significant decrease from the previous estimate of $70 billion made last year.
