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Pakistan: Cash-strapped Pakistan approves projects worth billions of dollars to Gulf countries for investment purpose

In a major development, cash-strapped Pakistan has in principle approved 28 projects worth billions of dollars that would be offered to Gulf countries for investment with the long-term objective to reduce reliance on loans and imports. The newly established Special Investment Facilitation Council (SIFC) a hybrid civil-military forum - is leading the drive to fast-track economic development to address the financial woes of the country. ....

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