Saudi Crown Prince Arrives In Pakistan

Saudi Crown Prince Muhammad Bin Salman has just arrived in Pakistan on two days official visit. He was received by the Prime Minister of Pakistan Imran Khan and the Pakistan Army Chief General Qamar Javed Bajwa.

Earlier upon entering Pakistan air space, the royal aircraft was escorted by Pakistan Air Force JF-17 Thunder and F-16 aircraft, which escorted the royal guest till Islamabad military air base..

The royal guest is likely to witness signing ceremonies of a number of MOUs which bring into Pakistan a huge investment in years to come.

It may be added that Saudi Arabia is keen in investing in petro-chemical related projects in the Gwader port area, which is witnessing huge investment attractions after the inititation of CPEC between China and Pakistan.

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Russia offers to invest $2 billion in Pakistan

Inter RAO Engineering, a Russian state-run, has offered to invest $2 billion in Pakistan’s water and power sector projects, including Mohmand dam.

Inter RAO Engineering, which is already building a dam in Afghanistan on the Kabul River,  wants a deal on government to government basis between Russia and Pakistan. 

The offer comes in the backdrop of already signed  governmental agreement between Pakistan and Russia to build the north-south LNG pipeline. The two countries also signed a memorandum of understanding (MoU) for an offshore gas pipeline project. 

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Abu Dhabi Group signs $45Bn private Investment in Pakistan to Include World's Tallest Building

Sheikh Nahyan bin Mubarak Al Nahyan, chairman Abu Dhabi group has signed a $45bn accord with a private housing and construction company, the Bahria Town in Abu Dhabi Friday.

Signing of the $45bn accord between Sheikh Nahyan bin Mubarak, chairman Abu Dhabi group and consultant Bahria Town Malik Riaz

The accord was signed by Sheikh Nahyan bin Mubarak Al Nahyan, chairman Abu Dhabi group and consultant Bahria Town Malik Muhammad Riaz.

Under the agreement 45 billion dollars will be invested in Pakistan for various construction projects, which is the biggest and historical investment in Pakistan. Abu-Dhabi group has previously made huge and successful investments in Pakistan by the establishment of Bank Alfalah, Warid Telecom and Wateen Telecom.

Out of the total investment value 10 billion dollars will be invested in Federal Capital- Islamabad and Lahore (Punjab) whereas 35 Billion dollars will be invested in Sindh. 

These projects also include the construction of tallest building of the world (taller than Burj Khalifa, Dubai) in Karachi. Moreover, the project encompasses Sports city, Educational & Medical city, International city & Media city. The project also includes the construction of miniatures of Seven Wonders of the World.

A distinguished feature of this project is the utilization of seawater to produce electricity. The projects will have their own grid station.

Moreover, a separate modern water treatment plant will be established to convert seawater into drinking water. These features make this a landmark project in Pakistan, which addressing the current water & electricity issues of the country. Works on this monumental project will soon be starting.

via The News
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Overseas Chambers Companies to invest $5 billion in Pakistan

It has been reported by Online International News Network that Overseas Chambers Companies have decided to invest $5 billion in Pakistan. 

According to an official, Overseas Chambers Companies have planned to invest $3 to $5 billion in next 3 to 5 years in Pakistan whereas these companies had invested $1 billion during last financial year 2011-12.

“This is a very positive move that overseas chambers Companies have planned to invest billions of dollars in Pakistan despite the fact that Pakistan is facing many difficulties in way of promoting investment in country,” added the official.

Read more: Online International News Network 

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