Pakistan deputy PM directs authorities to finalize investment proposals with ‘friendly countries’

Deputy Prime Minister of Pakistan, Ishaq Dar, chairs inter-ministerial meeting on investment project proposals with friendly countries in Islamabad, Pakistan, on April 3, 2025. (@ForeignOfficaPk/X)
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Updated 04 April 2025
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Pakistan deputy PM directs authorities to finalize investment proposals with ‘friendly countries’

  • Ishaq Dar chairs meeting on Pakistan’s investment proposals with friendly countries, says state media
  • Says participants reviewed potential investments in infrastructure, petroleum, trade, and IT sectors

ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar this week directed authorities to finalize selected proposals to bolster trade and investment with “friendly countries,” state-run media reported. 

Islamabad has increasingly eyed foreign trade and investment that benefits its priority sectors in a bid to bolster its fragile $350 billion economy. 

It formed the Special Investment Facilitation Council (SIFC) government body in 2023 to attract foreign investment in agriculture, livestock, mining and minerals, energy, tourism and other sectors from China, Saudi Arabia, the United Arab Emirates, Central Asian countries and other Gulf states. 

“Deputy Prime Minister/Foreign Minister (DPM/FM) Senator Mohammad Ishaq Dar on Thursday directed that selected proposals should be finalized, reaffirming Pakistan’s priority to bolster economic, trade, and investment ties with friendly countries,” state-run Associated Press of Pakistan (APP) reported. 

Dar issued the instructions while chairing the fourth inter-ministerial meeting on Pakistan’s investment project proposals with friendly countries, APP said. 

“During the meeting, the committee reviewed briefs on potential investments in key sectors, including infrastructure, petroleum, trade, and information technology (IT),” the state-run media said. 

Saudi Arabia is one of the countries Pakistan has aggressively pushed to forge closer business and investment deals with in recent months. 

The two countries signed 34 business agreements last year for a whopping $2.8 billion. Sharif’s office said seven out of 34 MoUs signed with Saudi Arabia had been actualized into agreements worth $560 million. 

In April 2024, the Kingdom also pledged to expedite a $5 billion investment portfolio for Islamabad.

Pakistan hopes foreign trade and investment deals with allies will help shore its foreign reserves and strengthen its fiscal position weakened considerably by a prolonged macroeconomic crisis.  


Pakistan transporters call off five-day strike after successful talks with Punjab government

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Pakistan transporters call off five-day strike after successful talks with Punjab government

  • Transporters went on strike against heavy fines, penalties imposed by Punjab over traffic violations
  • Punjab government sets up committee to resolve transporters issues, confirms provincial minister

ISLAMABAD: Pakistani goods transporters called off their five-day-long nationwide strike on Friday after successful talks with the Punjab government, officials and transporters confirmed, as the business community warned of an impending economic crisis if the dispute stayed unresolved. 

Transporters went on a nationwide strike on Dec. 8 against stringent traffic rules and heavy fines imposed by the Punjab government over traffic violations. These penalties were included in the Motor Vehicle Ordinance 2025 last month. 

The ordinance details hefty fines ranging from Rs2000 [$7] to Rs50,000 [$178] and mentions prison sentences going up to six months for various offenses committed by drivers, such as driving on the wrong side of the road or driving in vehicles with tinted windows. 

“Yes, the strike has been called off after our meeting with Senior Minister of Punjab Marriyum Aurangzeb,” Nabeel Tariq, president of the All Pakistan Goods Transport Association (APGTA), told Arab News. 

Tariq said fines ranging from Rs1000 ($3.6) to Rs1500 ($5.4) for traffic violations have been increased to around Rs20,000 ($71.3) as per the new rules. 

He said the APGTA has agreed to accept a 100 percent or even 200 percent hike in fines. However, he said an increase of 2000 percent was not “logical.”

“Our urgent demands have been accepted and a committee has been formed to review the ordinance and come up with recommendations,” Tariq said. 

Speaking to Arab News, Aurangzeb confirmed the strike had been called off after talks with the Punjab government and that a committee has been formed to resolve the transporters’ issues. 

The committee will be headed by Aurangzeb and will include representatives of goods transporters, a statement issued by her office said. 

“The government wants to protect human lives and make things better for all citizens,” the statement said. “We will resolve the issues (with transporters) amicably.” 

‘UNPRECEDENTED CRISIS’

Pakistan’s business and industrial community, meanwhile, warned of an impending crisis if the disputed was not resolved. 

The All Pakistan Textile Mills Association (APTMA) and the Karachi Chamber of Commerce and Industry (KCCI) have both appealed for immediate government intervention.

Imdad Hussain Naqvi, president of the Grand Transport Alliance Pakistan (GTAP), told Arab News that over 400,000 goods carriers had been stranded across Pakistan due to the strike, affecting supplies to millions of consumers.

Earlier, in a letter to Punjab Chief Minister Maryam Nawaz, APTMA Chairman Kamran Arshad said the strike has “critically impacted import and export operations which are backbone of the country’s economy.”

He said hundreds of cargo vehicles remain stranded across Punjab, creating “abnormal delays” in goods movement and triggering heavy demurrage, detention charges, missed vessels and production shutdowns due to the non-availability of raw materials.

Arshad warned the disruption poses “a serious risk of order cancelation of export orders by international buyers, which would have far-reaching consequences for Pakistan’s foreign exchange earnings.”

Meanwhile in Pakistan’s commercial hub Karachi, KCCI President Rehan Hanif issued an even stronger warning, saying the nationwide strike threatens to paralyze Pakistan’s economic lifeline. 

“The complete suspension of cargo movement is pushing Pakistan toward an unprecedented trade and industrial crisis,” Hanif said in a statement. 

He added that import and export consignments are now stranded at the city’s ports, highways and industrial zones.