Foreign direct investments - Latest News Update, Information, Photos & Videos on Foreign direct investments at Lokmat Times

Faced with economic stagnation the Imran Khan-led government in Pakistan which has unsuccessfully tried to increase Foreign Direct Investments (FDI) has been let down by Saudi Arabia too, on whom Islamabad pinned its hopes.A proposed investment agreement worth USD 20 billion with Saudi Arabia signed during the visit of Saudi Crown Prince Mohammed bid Salman in Islamabad has failed to materialize.Even Islamabad's much-hyped announcement of the construction of USD 10 billion Saudi Aramco oil refinery, part of the long-term investment, is yet to take off, according to Islam Khabar.Concerned with the declining FDI, Imran Khan had in October 2021, urged Saudi companies and entrepreneurs to invest in Pakistan while addressing the Saudi-Pakistan Investment Forum.Saudi companies wanted to explore investment opportunities in Pakistan in the field of energy, manufacturing, logistics, and transportation, among othersHowever, they were deterred by inadequate infrastructures such as water, gas/power, and connectivity, and inefficient institutional set-up leading to corruption in Pakistan reported Islam Khabar.They were also concerned with delays in departmental approvals & clearances besides the non-availability of local bank financing.Furthermore, the Saudi companies showed concern about the lack of consistency & transparency in Pak investment policy.Additionally, investors were also discouraged by frequent political interventions and unrest due to public protests.Saudi entrepreneurs were reportedly of the view that Pak companies lack in implementation of quality compliance protocols in manufacturingAnother concern was the lack of adequate capacity to meet export obligations as evidenced by their failure to meet follow-up supply requirements timely and with the requisite quality.This is attributed to the lack of skilled manpower in Pakistan's domestic labor market.Moreover, Pakistan companies are also seen as conservative and traditional in marketing their products with a limited budget and reluctant to adopt new-age marketing techniques, reported Islam Khabar.Pakistan is trying to push the FDI inflow through a basket of incentives however, despite these, in July-October quarter FY 2021-22, Pakistan FDI recorded a decline of 12 per cent to USD 662.5 million as compared to USD 750 million during the same period of the previous year.( With inputs from ANI )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Foreign Direct InvestmentsFOLLOW

Foreign direct investments, Latest News

Maharashtra :Maharashtra tops in attracting FDI in 1st quarter of current FY: Fadnavis

Maharashtra Deputy Chief Minister Devendra Fadnavis has said the state secured the top rank in attracting Foreign Direct Investment ... ...

National :Govt's every policy act as door to generating employment: PM Modi at Rozgar Mela

New Delhi [India], May 16 : Prime Minister Narendra Modi on Tuesday laid down the steps taken by his ... ...

International :Ministry of Economy, Presight to enhance UAE's attractiveness to FDI and support private sector partnership

Dubai [UAE], May 12 (/WAM): The Ministry of Economy (MoE) has signed a Memorandum of understanding (MoU) with Presight, ... ...

International :K'taka draws highest FDI in last quarter, says CM Bommai

Bengaluru, May 22 India has drawn the highest Foreign Direct Investments in the last quarter and among the ... ...

International :India emerging as preferred destination for investments, FDIs growing for past 7 years: Piyush Goyal

Union Minister for Commerce and Industry Piyush Goyal on Sunday said that "India is emerging as a preferred destination for investments" as the Foreign Direct Investments (FDIs) has been consistently growing over the past seven years. ...

International :Pakistan-Saudi deal worth USD 20 billion yet to take-off as Imran Khan govt struggles to draw FDI

Faced with economic stagnation the Imran Khan-led government in Pakistan which has unsuccessfully tried to increase Foreign Direct Investments (FDI) has been let down by Saudi Arabia too, on whom Islamabad pinned its hopes. ...