Egyptian firms would be investing $1 billion in the energy, halal food, infrastructure, and tourism sectors of Pakistan, as per the reports of Arab News on Thursday.
As per the report, the Ambassador of Egypt to Pakistan—Ahmed Fadel Yacoub said that the investment would come from the private sector of Egypt. He was cited saying that the investment projects would start in the next one year.
Yacoub said that the representatives of these Egyptian firms met with the Prime Minister of Pakistan—Imran Khan, the cabinet members and the state functionaries during their visits to the federal capital.
Zubair Gilani—the chairman of Pakistan’s Board of Investment gave confirmation that the Egyptian firms are taking interest in the livestock, halal food, agriculture and construction sectors of Pakistan.
He added that they are ready to facilitate them in this regard.
On the other hand, PM Khan in one of his addresses recently mentioned that he wants to develop Pakistan on the same footings as that of Madina city.