King Salman bin Abdulaziz al-Saud has issued a notice to invest $1 billion in Pakistan, reported the Saudi Press Agency on Thursday.
Saudi Arabia’s Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah informed Foreign Minister Bilawal Bhutto-Zardari of the King’s directive during a phone call, said the state agency.
This news was announced a day after the Qatar Investment Authority (QIA) stated that it plans to invest $3 billion in Pakistan.
The Qatari investment will focus majorly on the airports in Islamabad and Karachi, as well as the renewable energy and power sectors, and hospitality industry.
This was declared during Prime Minister Shehbaz Sharif’s two-day official visit to Qatar, when he met with the Emir of Qatar, Tamim bin Hamad Al Thani.
Both parties agreed to strengthen institutional engagement to increase bilateral trade, collaborate in the agriculture and food sectors, and boost Qatar’s investments in the sectors of energy, tourism and hospitality in Pakistan.
Islamabad, Oct 13: The Islamabad district administration has clarified that all roads in the federal…
Islamabad: Capital Development Authority (CDA) and the Overseas Pakistanis Foundation (OPF) have agreed to collaborate on…
Rawalpindi: The Rawalpindi Municipal Corporation (RMC) has finalized a phased plan to complete multiple ongoing…
Islamabad: Federal Minister for Communications Abdul Aleem Khan has unveiled a wide-ranging reform strategy for…
IMARAT has made history by becoming Pakistan’s first certified Marriott International operator, a landmark achievement…
Islamabad: The Islamic Development Bank (IsDB) has approved a USD 475 million financing package for…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
