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.
The Punjab government has introduced another major initiative aimed at improving public convenience in Lahore.…
Lahore: The Provincial Development Working Party (PDWP) has approved development projects worth PKR 15.76 billion…
LAHORE – The Lahore Chamber of Commerce and Industry (LCCI) on Sunday announced an emergency…
RIYADH – Outstanding loans from Saudi banks climbed to SR3.2 trillion ($849.7 billion) in June,…
ISLAMABAD: The Capital Development Authority (CDA) has opened bids for the Rs1.4 billion T-Chowk Flyover,…
SALALAH: Oman’s Ministry of Housing and Urban Planning has announced plans for Future Salalah City,…
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.
