ISLAMABAD: A prominent Saudi conglomerate with diverse business interests expressed investment interest in Pakistan after its delegation visited the country where it met the officials of the Special Investment Facilitation Council (SIFC) on Wednesday.
A hybrid government body established last year to attract foreign investment in Pakistan’s key economic sectors, the SIFC promises to create an enabling business environment in the country and offer a one-window solution to investors.
Since its inception, it has been seeking investment in sectors like energy, mines and minerals, information technology, agriculture and livestock, and industry and tourism.
The council has specifically paid attention to the Gulf countries where its economic interests remain deeply entrenched.
“A high-level delegation of Saudi Arabia’s Al-Ajlan Holding Group visited the Special Investment Facilitation Council on March 6,” said an official statement circulated by the SIFC.
“The delegation expressed keen interest in exploring investment opportunities under SIFC in different sectors,” it added.
The Saudi conglomerate’s interests span various sectors, including real estate, fashion, retail and investment.
Al-Ajlan Holding Group has also made investments abroad, which aligns with its strategy to diversify its investment portfolio and establish a global presence in key markets around the world.
Pakistan has been actively seeking foreign investment as part of its strategy to stimulate economic growth, create jobs and enhance its technological and industrial capabilities.
Foreign investment is seen as crucial for bringing in capital at a time when the country has been seeking financial bailouts from international lending agencies.
Prominent Saudi conglomerate considers Pakistan for business expansion after talks with investment body
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Prominent Saudi conglomerate considers Pakistan for business expansion after talks with investment body
- Al-Ajlan Holding’s business interests span various sectors, including real estate, fashion, retail and investment
- Its delegation visited Pakistan when the country is seeking foreign investment to stimulate economic growth
Weather authority forecasts of rains, thunderstorms in northwest Pakistan on Feb. 16-17
- District administrations and rescue agencies have been asked to remain alert to deal with any possible emergency
- The warning comes weeks after heavy snowfall blanketed several areas in Khyber Pakhtunkhwa, cutting off villages
ISLAMABAD: The provincial disaster management authority (PDMA) has forecast rains and thunderstorms in Pakistan's northwestern Khyber Pakhtunkhwa (KP) province on Feb. 16-17, urging citizens to exercise caution during the forecast period.
Light to moderate rain is expected in Kurram, Bannu, North and South Waziristan, Lakki Marwat and Tank districts, according to the PDMA. Heavy rain and hail are likely in Dera Ismail Khan.
The provincial disaster management authority said it has instructed district administrations and related agencies to remain alert to deal with any possible emergency during this period.
"Citizens are directed to avoid going near weak and under-construction buildings, signboards, electricity poles and solar panels," the PDMA said on Sunday night.
"Instructions have been issued to keep main highways and connecting roads open for traffic at all times."
The warning comes weeks after heavy snowfall blanketed several mountainous areas in KP, blocking roads and cutting off villages.
Khyber, South Waziristan and Swat districts were the most affected, where rescuers evacuated dozens of stranded residents and tourists to safety.
The PDMA urged local administrations to take precautionary measures in view of the threat of flooding in rivers, streams and stormwater drains.
"Citizens are directed to avoid unnecessary travel during bad weather and stay in safe places," it said on Sunday. "Municipal bodies are directed to keep the drainage system clean in view of the threat of landslides and urban flooding."
