Business

Pakistan ‘heading’ towards economic stability, progress

Pakistan is heading towards economic stability and prosperous future because of a well-thought-out policy under the Special Investment Facilitation Council.

According to details, the private and foreign investment in Pakistan is stabilizing the economy and advancing the growth at a fast pace.

The investment of Engro and Etisalat by investing 157 billion rupees in Jazz and 108 billion rupees in Telenor Pakistan for acquiring their shares has expanded the landscape of investment in the country.

Similarly, the investment of 76 billion rupees by the Maple Leaf in Pioneer Cement and 68.5 billion rupees by Shaat Group in Rafhan Maize has further given a new dimension to the industrial landscape.

Moreover, Arif Habib Consortium has acquired 75 percent stakes in Pakistan International Airlines (PIA) for 135 billion rupees has ushered in a new era of investment in domestic aviation sector.

The investment of over five billion dollars by five prominent investors in mineral sector has paved the way for Pakistan’s industrial development.

The B2B agreements between Pakistan and China have taken economic partnership to new heights.

According to reports, there are possibilities of 37 percent increase in the investment during the next calendar year in Pakistan with investment prospects in over 16 sectors.

Investment and industrial development in the country will strengthen the economy, expand the industrial sector and achieve long-term economic stability.

It will also create thousands of direct and indirect employment opportunities in Pakistan.

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