Caretaker Prime Minister Anwaarul Haq Kakar chairs the first meeting of the federal cabinet in Islamabad on August 18, 2023. PHOTO: PIDSaudi Arabia will invest up to $25 billion in Pakistan over the next two to five years in various sectors, Caretaker Prime Minister Anwaarul Haq Kakar said on Monday, adding his government would also revive a stalled privatisation process. PM 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 foreign direct investment in Pakistan. There was no immediate response to a Reuters request to the Saudi Arabian government for comment on Kakar's remarks. Recently Pakistan added struggling state-run Pakistan International Airlines to the privatisation list again.
