Egyptian Firms to Invest $1 billion in Pakistan; Report

Egyptian firms

Egyptian firms would be investing $1 billion in the energy, infrastructure, tourism and halal food sectors of Pakistan, as per the reports of Arab News.

As per the report, Ahmed Fadel Yacoub—Egypt’s Ambassador to Pakistan said that the investment would come from the private sector of the country. He was cited saying that the investment projects would be commencing in the next year.

Yacoub said that the representatives of these Egyptian firms met with the PM Khan, members of his cabinet and state functionaries during their visits to the federal capital.

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Zubair Gilani—the chairman of Board of Investment of Pakistan gave confirmation that the Egyptian firms are interested in the agriculture, livestock, construction and halal food sectors.

Gilani said that they are ready to facilitate them.

The government would soon be introducing the education awareness campaign in the remote areas for prioritizing the public about their right to education.

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