Pakistan’s $249bn investment plan with friendly countries unveiled

ISLAMABAD: Pakistan has unveiled a plan for a $249 billion investment with friendly countries over five years. Hum investigation team (HIT) has found that Pakistan has prepared an investment plan with seven friendly countries in three sectors over the next five years.

The Special Investment Facilitation Council (SIFC) has submitted its ten-month progress report to the Prime Minister. In agriculture, Pakistan will invest $102 billion over the next seven years through foreign investment to increase revenues. Saudi Arabia, France, Bahrain, UAE, and China have signed agreements for a million acres of land for agriculture.

Pakistan can earn $20 to $30 billion in profits over the next seven years through foreign investment in agriculture, with a possible benefit of $42 billion in alternatives to imports.

The agriculture sector is expected to create three hundred thousand new jobs. In mining, Pakistan anticipates $51 billion in revenue over the next five years through foreign investment and revenue growth. Pakistan is negotiating a $25 billion deal with its two friendly countries, Saudi Arabia and UAE, directly through foreign investment in mining.

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Mining can potentially earn $14 billion in net earnings as an alternative to imports, and $16 billion in revenue growth. The mining sector is expected to provide two hundred thousand jobs. In the IT sector, Pakistan expects a $51 billion investment through foreign investment and revenue growth.

The IT sector can earn $20 billion in net earnings through foreign investment, with a possible benefit of $22 billion in revenue growth with friendly countries.