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December 10, 2019

Citibank sees more foreign inflows

Business

December 10, 2019

KARACHI: Pakistan is likely to attract more foreign investment in future, with investors seeing huge potential in various sectors of the economy, the Citibank’s Pakistan top official said on Monday.

“Foreign firms see opportunities in the country’s energy, liquefied natural gas and fast-moving consumer goods sectors,” said Nadeem Lodhi, the chief executive officer at Citi Pakistan at a media round table. “There has been a positive initial response from the foreign investors to make investments in the renewable energy and solar projects and to set up LNG terminals in Pakistan,” he added.

He also said the country could attract more investments in the China-Pakistan Economic Corridor projects. Lodhi said the economic outlook for the country remains positive. He said the Citibank believed that Pakistan would take time to exit from a grey list.