Pakistan invites investment from American banks as it seeks sustainable external financing

Pakistan invites investment from American banks as it seeks sustainable external financing

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Fri, 2024-09-27 16:58

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday invited American banks to invest in Pakistan’s infrastructure, energy, technology and agriculture sectors as the South Asian country seeks sustainable forms of external financing like direct investment. 
On Friday, the IMF said Pakistan had received “significant financing assurances” from China, Saudi Arabia and the United Arab Emirates linked to a new International Monetary Fund program that go beyond a deal to roll over $12 billion in bilateral loans owed to them by Islamabad.

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Read the full story at the Arab News Pakistan website.