- Web Desk
- 17 Minutes ago

Pakistan aims for a $70 billion investment influx
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- Web Desk
- Nov 14, 2023

WEB DESK: Deputy Chairman of the Planning Commission and Special Assistant to the Caretaker Prime Minister, Dr Jehanzeb Khan, has highlighted the potential for a substantial investment of $70 billion in Pakistan.
In discussions with various countries, the Special Assistant to the Prime Minister highlighted the ongoing dialogue regarding potential investments.
Dr Jehanzeb Khan revealed that the International Monetary Fund (IMF) raised inquiries related to the Special Investment Facility Council (SIFC), underscoring the importance of transparency and accountability in investment practices.
The IMF’s counsel included a recommendation against providing preferential treatment or concessions to investments, expressing satisfaction with the SIFC’s performance.
Addressing the issue of private investment, Dr Jehanzeb Khan acknowledged that it might take time for such investments to materialise in Pakistan.
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To expedite privatisation, the SIFC Forum is extending support, with a particular focus on the China-Pakistan Economic Corridor (CPEC), a commitment upheld by China until 2030.
However, challenges on the Pakistani side regarding CPEC were acknowledged by the Special Assistant to the Prime Minister.
Pending payments for certain power plants and the Multan Sukkur Motorway were cited as areas of concern.
Regarding the Reko Diq project, Dr Jehanzeb Khan noted that international experts are determining the price of Reko Diq shares.
The established valuation stands at 0.87 to one dollar, with the objective of selling sufficient shares to maintain the government of Pakistan’s significant stake.
Pakistan is actively seeking Saudi investment in the Reko Diq project.
