Saudi Arabia to invest $25B in Pakistan over next five years: Kakar

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Saudi Arabia to invest $25B in Pakistan over next five years: Kakar
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The investment would come in the mining, agriculture and information technology sectors, and if confirmed would be the biggest ever by the kingdom in Pakistan.

Pakistan's untapped mineral deposits are conservatively valued at about $6 trillion, said Kakar, whose government is meant to be an interim setup to oversee national elections. / Photo: Reuters Archive

Kakar, speaking to journalists at his official residence, said on Monday that Saudi Arabia's investment would come in the mining, agriculture and information technology sectors, and was part of a push to increase foreign direct investment in Pakistan. There was no immediate response by the Saudi Arabian government on Kakar's remarks. But if confirmed, a series of investments worth $25 billion would be the biggest ever by the kingdom in Pakistan.

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