Karachi: Information Minister Attaullah Tarar announced on Saturday that Saudi Arabia’s popular fast-food chain Al Baik is gearing up to enter the Pakistani market soon. “Saudi investments are growing. Agreements [between both nations] have now exceeded $6 billion. Al Baik is on its way to Pakistan, and Aramco has opened its first fuel station here,” Tarar informed reporters in Lahore. Highlighting Pakistan’s improving global economic standing, the minister pointed out that numerous allied countries are now looking to expand their investments in the country. Web Desk
He further disclosed that Qatar intends to invest $3 billion, while Azerbaijan has plans to contribute $2 billion. Additionally, Pakistan has recently signed a port development agreement with Abu Dhabi officials.
“Foreign reserves now stand at $11 billion, and remittances have reached $8 billion. This will open up significant job opportunities,” Tarar noted, emphasising the positive impact of remittances on the national economy.
He commended the contributions of Pakistanis abroad, remarking that their presence worldwide is boosting the country’s foreign exchange through substantial remittances.
