Pakistan expects the GCC to invest $40 billion in agriculture over the next five years

Prime Minister Shehbaz Sharif said on Tuesday that the government hoped to attract billions of dollars in investment from Gulf Cooperation Council (GCC) countries in the country’s food and agriculture sectors.

In a tweet, he stated that the GCC countries import $40 billion in food and agricultural products each year. Mr Sharif stated that the action would be performed under the supervision of the Special Investment Facilitation Council (SIFC), for which preparations have already been made.

He predicted that in the following four to five years, an investment of around $40 billion will be made, along with the creation of four million new employment.