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Pakistan, Saudi Arabia investors launch fund to boost trade, investment
ISLAMABAD: A joint council of Saudi Arabian and Pakistani investors launched a private equity fund on Monday as part of the countries’ wider push to deepen two-way private sector trade and investment. The Saudi-Pakistan Joint Business Council, formed by the governments of both countries, said the fund’s initial size is “multi-hundred million”, which is expected to expand based on opportunities across sectors. Three-fourths of the fund will be invested in Pakistan, while the rest will be invested in Saudi Arabian projects, the council said in a statement. Dar, Saudi FM discuss current situation...
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