Friendly Arab countries have expressed interest in investing in Pakistan’s government companies alongside rolling over safe deposits.
According to sources, the countries interested in investment include Saudi Arabia, the United Arab Emirates (UAE), and Qatar.
Sources indicate that the UAE has shown interest in investing in profitable oil, gas, and distribution companies, while Qatar and the UAE are interested in airports and ports.
Sources from the Ministry of Finance stated that Saudi Arabia is keen on investing in the oil and gas, electricity, and financial sectors.
The Arab countries have expressed interest in investing in PSO, OGDCL, PPL, and distribution companies.
Sources mentioned that due to the high value of the companies, Arab countries are willing to invest beyond just safe deposits.
According to sources, there is an existing law for the sale of government companies to the governmental companies of friendly Arab countries.
The offers from friendly Arab countries are being carefully reviewed by high-level government circles.
Sources noted that friendly Arab countries have provided Pakistan with $8 billion in aid, and the IMF has demanded that safe deposits from friendly countries be deferred for three years.