The KSA and the UAE are expected to make significant investments in Pakistan’s information technology, agricultural, and mining sectors, according to the minister.
In the areas of information technology (IT), agriculture, and mining, Pakistan anticipates receiving significant investment from the Kingdom of Saudi Arabia (KSA) and the United Arab Emirates (UAE). He claimed that the UAE and the KSA had each set aside $22 billion and $24 billion, respectively, to investigate opportunities in Pakistan’s three aforementioned sectors.
During an interview he gave to a private television network on Sunday, the minister also discussed other topics pertaining to the economy, energy, politics, and elections. He then revealed this information.
According to minister, young people with knowledge of cutting-edge technology and skills would have access to a variety of job opportunities thanks to investments from the Gulf region. In order to make things easier for the investors, he claimed that the government had just recently established committees for one-window operations.
In addition, he told the media that the government had, in spite of the economy, given employees, retirees, and people employed in the private sector the most relief possible. In order to manage the economy properly, he claimed that a nine-month relief agreement had been reached with the International Monetary Fund.
He asserted that the government had given the department in question instructions to ensure energy supply while meals for breakfast, lunch, and dinner were being prepared. He claimed that plans had been discussed with Azerbaijan to ship LNG to Pakistan before the upcoming winter.
The KSA and the UAE are expected to make significant investments in Pakistan’s information technology, agricultural, and mining sectors, according to the minister. According to him, there is a lot of room for development and growth in these sectors. Along with this, Pakistan maintained close ties with both nations and hoped that their investment would stimulate economic growth and generate jobs there.
Information technology (IT) is the use of computers, storage, networking, and other physical equipment, processes, and infrastructure to create, process, store, and exchange all types of electronic data.