Pakistan is eagerly awaiting the completion of a long-awaited $10 billion deal with Saudi Arabia’s oil company, Aramco, to construct a refinery in Hub by the end of 2023.
They are also attempting to secure $7 billion from Saudi Arabia through the sale of shares in the Reko Diq project.
According to sources, they have approved policy incentives to entice Saudi investment under the Greenfield Refinery Policy 2023.
Saudi Arabia could gain ownership of the $7 billion Reko Diq project through a feasible transaction model facilitated by the Saudi Wealth Fund.
They also intend to lease 85,000 acres of corporate farmland to foreign investors.
The Special Investment Facilitation Council (SIFC) wants to make investments in critical infrastructure easier.
They are also working on government-to-government agreements for sectors such as energy, minerals, agriculture, and information technology.
The SIFC is investigating G2G privatization options for state-owned enterprises (SOEs).
The first agreement with the UAE’s AD Ports for the Karachi container terminal has already been completed, and another for the Bulk and General Cargo Terminal is on the way.
They are also looking into tech-driven investments to boost the country’s productivity.
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