Pakistan’s interim PM says Saudi Arabia to invest US$25b ...Middle East

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Pakistan’s interim PM says Saudi Arabia to invest US$25b
ISLAMABAD: Saudi Arabia will invest up to US$25 billion in Pakistan over the next two to five years in various sectors, Pakistan’s caretaker prime minister Anwaar-ul-Haq Kakar said on Monday, adding his government would also revive a stalled privatisation process.The South Asian nation is embarking on a tricky path to economic recovery under a caretaker government after a US$3 billion loan programme, approved by the International Monetary Fund (IMF) in July, averted a sovereign debt default.Kakar, speaking to journalists at his official residence, said Saudi Arabia’s investment would come in the mining, agriculture and information technology sectors, and was a part of a push to increase fore

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