4 countries ‘commit’ $27bn investment in Pakistan, claims Ahsan

Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal says that four countries have allocated $27 billion for investment through launching various mega projects in Pakistan under framework of the Special Investment Facilitation Council (SIFC). “The SIFC is a very useful institution and framework under which our four brother countries have allocated $27bn for investment. Saudi Arabia allocated $5bn, UAE and Kuwait $10bn each and Azerbaijan $2bn,” he said while responding to various questions at a press conference in Lahore on Saturday. “And this is the vision of our Prime Minister Shehbaz Sharif who wants investment from friendly countries instead of getting loans from them,” he added. The minister said the investment is expected to be made within the next two to four years, as, presently, the government is busy in preparing feasibilities for various projects.