Abdul Razak Dawood—the adviser to the Prime Minister on Commerce, Textile, Industry & Production and Investment on Monday said that the United Arab Emirates (UAE) and Qatar were all set for making big investment in Pakistan.
The foreign and domestic investors were taking keen interest to make investments here as the current government was giving a conducive environment and equal opportunities to them, he said this while conversing to a private news channel.
He further said that such investment would make way for further boosting the national economy. Saudi Arabia was making an investment of $20billion in the different sectors of Pakistan which includes power, refinery, mineral and others. The investment especially in the power division would assist the country to decrease its energy expenses, the adviser also added.
Dawood said that the refinery projects of Saudi Arabia in Gwadar would reach completion in the span of next 3 to 5 years.
Commenting on the visit of Saudi Crown Prince—Mohammad bin Salman, he said that the visit was a success and historic as memorandum of understanding (MoUs) were signed among both the nations in various sectors.
Regarding a question, he said that China Pakistan Economic Corridor (CPEC) was beneficial for Pakistan and it would assist in decreasing power shortage and for improving the infrastructure of the country.
He added that when the government of Pakistan Tehreek-e-Insaf got into power, the economy of the country was in bad condition, but the government had taken huge steps for its betterment. he stated that they had halted the import of Francis oil.
The adviser informed that the Malaysian PM—Mahathir Mohammad and the Turkish President—Recep Tayyip Erdogan would be visiting Pakistan soon.