$10 Billion Investment
The interim federal cabinet led by Prime Minister Anwaarul Haq Kakar has granted approval for Kuwait’s groundbreaking $10 billion investment in Pakistan. The cabinet’s endorsement encompasses seven agreements, strategically focusing on critical sectors pivotal for Pakistan’s progress, including water resources, minerals, and food security.
This pivotal decision received prior approval from both the Cabinet Committee on Legislative Affairs and the Economic Coordination Committee earlier this month, underscoring the meticulous review and consideration given to the substantial investment.
The $10 billion investment from Kuwait represents a substantial contribution to Pakistan’s economic landscape, fostering collaboration and partnership between the two nations. The agreements signal a shared commitment to establishing a strategic alliance aimed at mutual prosperity and economic growth.
Prime Minister Kakar has been actively promoting investment and economic engagement. In a recent outreach to overseas Pakistanis, he urged them to consider investing in their homeland, assuring comprehensive support and facilities from the government. Safeguarding the rights of overseas Pakistanis stands as a top priority for the administration.
During a meeting with a delegation of overseas Pakistanis led by Nouman Mustafa, Prime Minister Kakar highlighted the crucial role of secure and legal remittance transfers from Pakistanis residing abroad for the country’s advancement. He specifically encouraged the delegation to utilize the Roshan Digital Pakistan Account as the safest avenue for remittance transfers, emphasizing its potential to enhance the national economy.
This significant investment from Kuwait aligns with Pakistan’s broader economic vision, reflecting the nation’s appeal as an investment destination and its commitment to fostering international partnerships for sustainable development. The approved agreements set the stage for a transformative economic collaboration between Pakistan and Kuwait, unlocking new avenues for growth and progress.
