Khan said that the country had promised to make an investment of $25 billion through its sovereign fund but it would take time before the investment could materialise. The $70 billion investment would mostly come from private investors and the foreign governments-led investment would be through sovereign wealth funds, he elaborated. Pakistan has hoped for receiving $6 billion to $7 billion in Saudi investment in the Reko Diq project but so far no tangible progress has been made. Reko Diq investmentKhan said that financial advisers had almost finalised the valuation of gold and copper mines. Read: Investment in Reko Diq soughtRight now, according to Khan, Saudi Arabia is reviewing the green field investment policy and once the Saudis clear it, it will be easy to bring investment in the oil refinery.

Source: The Express Tribune November 15, 2023 11:22 UTC