News Highlights

Saudi Arabia, UAE investing billions of dollars in Pakistan: Fawad

Federal Minister for Information and Broadcasting, Chaudhry Fawad Hussain on Thursday said that Saudi Arabia, and the United Arab Emirates (UAE) were keen to invest billions of dollars in various sectors of Pakistan.
Saudi Arabia was showing interest in energy and petroleum sectors, and Pakistan also needed economic support from other countries to achieve rapid progress, he stated while talking to a private news channel.
Saudi Arabia and the the UAE were ready to invest in Pakistan and the investors should come forward in the communication network, China Pakistan Economic Corridor (CPEC) projects, besides other sectors, he added.
The federal minister hoped that other countries would also invest in Pakistan, owing to having conducive environment.
The PTI government wanted to have audits of the projects initiated by the PML-N leader Nawaz Sharif, and similarly, the Opposition could have audit of the projects to be completed by the PTI government, during its current tenure.
To a question about by-elections, he expressed the hope that PTI would clinch the by polls. “We have seen the partnership of PML-N and PPP in election before, so we do not care about it,” he added.
To another question about irregularities and demerit policy in the institutions, he lamented that a large number of jobs were given to people without merit and on political basis during the tenures of PPP and PML-N governments.
He said Ishaq Dar had assets worth billions of rupees beyond his known sources of income and he was an absconder of the courts in different cases.
He was of the view that those involved in various court cases including Daniyal Aziz, Marvi Memon, Talal Chaudhry should be apprehended.
“We don’t know how much money is lying outside the country,“ Fawad said.
About Jehangir Tareen, he said the PTI leader had done a lot of services for the country.
Commenting on the transfer of the high officials in police department, he said that the inspector general had no authority to transfer the DPO. Chief Minister Punjab, Usman Buzdar was an honest person and belonged to a middle class family, he added.