Islamabad: Federal Minister for Board of Investment, Qaiser Ahmed Sheikh, announced on Saturday that Pakistan is expected to witness a substantial influx of investment within the next two weeks. Speaking on a current affairs program, Sheikh expressed confidence that the ongoing conflict involving Iran would conclude within a maximum of 14 days.
He stated that once the hostilities end, normal conditions will quickly be restored. Sheikh highlighted Pakistan’s emergence as a stable destination amid regional turmoil, noting that many Pakistanis who had invested in Gulf countries, including the UAE, are now reconsidering their positions due to the instability caused by the conflict.
“Following the next 15 days, Pakistan will see a large inflow of capital. Our role is to offer the right incentives to attract these investors,” Sheikh remarked. He described the Middle East unrest as “a blessing in disguise” for Pakistan’s economy, emphasizing the need to implement favorable policies to prevent investment diversion to other global financial hubs such as Hong Kong.
Sheikh further urged the government to reduce taxes to enhance Pakistan’s appeal to investors. The Gulf region has been economically disrupted by Iran’s aerial attacks and the subsequent closure of the Strait of Hormuz, a vital shipping lane responsible for transporting about 20% of the world’s crude oil and liquefied natural gas. These events began on February 28 following strikes by the U.S. and Israel.
The attacks targeted oil-rich Gulf states and their hydrocarbon infrastructure, shaking investor confidence and damaging the region’s reputation as a secure business environment. In response to the crisis, Dubai has introduced economic support measures totaling 1 billion dirhams (approximately $272 million) to aid its business sector. These initiatives, announced by the Dubai Crown Prince, will be implemented from April 1 and are planned to last between three to six months.
The Dubai measures aim to increase economic flexibility, bolster preparedness, and help businesses and families manage the current challenging economic conditions.
