• Download the Constitution of Pakistan
  • Advertise
Friday, May 9, 2025
  • Login
NEWSLETTER
ECONOMY
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology
No Result
View All Result
ECONOMY
No Result
View All Result
Home Main

Govt approves policy to attract $20-25billion foreign investment

by News Publishing
July 8, 2023
in Main
Reading Time: 2 mins read
0
Govt approves policy to attract $20-25bn foreign investment
Share on FacebookShare on TwitterLinkedinWhatsapp

According to sources, the Pakistan Democratic Movement (PDM)-led government has adopted a major economic programme to attract foreign inflows, as the cash-strapped country seeks fresh finance options.

According to reports, the federal cabinet adopted the Pakistan Investment Policy 2023 on Friday through the distribution of a summary, which intends to attract $20-25 billion in investment.

According to persons acquainted with the situation, the policy was prepared following meetings with the World Bank, the International Finance Corporation, and provincial and federal organisations.

According to the sources, the new policy eliminates the minimum equity rate for foreign investment. Foreign investors will be able to engage in all areas save six, according to the sources, who did not identify which ones.

According to the new legislation, overseas investors will be able to transfer their entire profit abroad in their own currency. “Foreign investors will be given special protection,” according to the sources.

The news comes only days after Dr. Musadik Malik, Minister of State for Petroleum, stated that Saudi Arabia and the United Arab Emirates are interested in Pakistan’s information technology, agriculture, and mining sectors.

According to the state minister in an interview with a private television channel, the kingdom planned to fix $24 billion in funds for investment objectives, while the UAE provided $22 billion money for investigating potential in three sectors of Pakistan.

As it faces one of its most severe economic crises, Pakistan has been seeking for methods to shore up its reserves. The fervour subsided when the administration reached an agreement with the International Monetary Fund (IMF) last week.

However, global rating agencies estimate that the IMF’s $3 billion stand-by agreement (SBA) will bring some respite to Pakistan’s stressed public finances, but the country still confronts enormous challenges in maintaining economic stability and growth.

The coronavirus pandemic, floods, soaring prices, and social upheaval have all wreaked havoc on Pakistan’s economy. The country’s foreign exchange reserves are very low at $4.46 billion, and its external debt repayments will remain high for the foreseeable future, with over $25 billion due in fiscal 2024.

Tags: Foreign investmentlatestPDM
News Publishing

News Publishing

Related Posts

Export of services rises to $6.2bn in July-March

Export of services rises to $6.2bn in July-March

by News Publishing
May 9, 2025
0

Pakistan’s exports of services rose by 9.85% to $6.24 billion during the first nine months (July–March) of fiscal year 2024-25,...

Pakistan neutralised 12 Indian drones sent in multiple locations since last night: DG ISPR

Pakistan neutralised 12 Indian drones sent in multiple locations since last night: DG ISPR

by News Publishing
May 8, 2025
0

Director General of Inter-Services Public Relations (DG ISPR), Lieutenant General Ahmed Sharif Chaudhry, confirmed on Tuesday that Pakistan’s armed forces...

Missile strikes in Bahawalpur, Kotli, Muzaffarabad by India: DG ISPR

Missile strikes in Bahawalpur, Kotli, Muzaffarabad by India: DG ISPR

by ae65c286_admin
May 6, 2025
0

“Let me say it unequivocally: Pakistan will respond to this at a time and place of its own choosing. This...

State Bank

SBP Slashes Interest Rate to 11% Amid Improved Inflation Outlook

by Anum Arif
May 5, 2025
0

Karachi – 05 May 2025:The State Bank of Pakistan (SBP) has reduced its key policy interest rate by 1%, bringing...

Pakistan's goods exports reach $26.86bn after over 6% surge

Pakistan’s goods exports reach $26.86bn after over 6% surge

by News Publishing
May 3, 2025
0

Pakistan's goods exports have climbed to $26.86 billion in the first ten months of the fiscal year 2024–25, marking a...

Bullish trend returns to PSX with over 2,800-point surge

Bullish trend returns to PSX with over 2,800-point surge

by News Publishing
May 2, 2025
0

The Pakistan Stock Exchange (PSX) witnessed a powerful rebound on Friday, with the benchmark KSE-100 Index soaring more than 2,800...

Next Post
Why Twitter is most at risk from Meta's Threads app right now

Why Twitter is most at risk from Meta's Threads app right now

About Us

Economy.pk is a source of economic, political, business, finance, health and sports updates.

Important Categories

  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

Social Media

  • Facebook
  • Instagram
  • Twitter
  • Linkedin
  • YouTube
  • Linkedin
  • TikTok
  • WhatsApp
  • About
  • Advertise
  • Careers
  • Contact

© 2024 Economy.pk - Web Development by Digital Otters

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business
  • Education
  • Entertainment
  • Finance
  • Health
  • Life & Style
  • Politics
  • Sports
  • Technology

© 2024 Economy.pk - Web Development by Digital Otters