Tarar confirms Saudi Arabia’s Al Baik launch in Pakistan
09 November, 2024 14:17
Information Minister Attaullah Tarar has formally confirmed the launch of Saudi Arabiaβs popular fast-food chain Al Baik in Pakistan
“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.
The minister highlighted the countryβs improving global economic standing and pointed out that numerous allied countries are now looking to expand their investments in Pakisan.
He revealed that Qatar intends to invest $3 billion, while Azerbaijan has plans to contribute $2 billion.
“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.
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