HomeBusinessSaudi Arabia's $5 billion investment will help implement a bigger project from...

Saudi Arabia’s $5 billion investment will help implement a bigger project from the IMF.

- Advertisement -
— Image file

Saudi investment of $5 billion will help in mega project from IMF

A source in the Ministry of Finance said that the United States and other friendly countries Assistance is being provided to a large IMF project.

Sources from the Ministry of Finance said the Saudi company initially planned to invest in government companies.

According to sources from the Ministry of Finance They are making investments in agriculture, IT and industrial sectors.

According to sources in the Ministry of Finance, the IMF said development projects should be carried out on the basis of public-private partnerships.

On the other hand, IMF sources said that Pakistan needs huge investments and privatization for external payments.

Saudi investment will reduce debt burden: IMF

IMF sources said Saudi investment would significantly reduce the payment burden on Pakistan.

International Monetary Fund (IMF) sources also said that Pakistan will be able to implement structural reforms faster after Saudi Arabia’s investment.

- Advertisement -
RELATED ARTICLES

Most Popular