Pakistan for the first time in history has become an entrant among the top 5 countries with the most investments, a World Bank report said Tuesday.
According to the recent report by the World Bank, in the first half of 2020, the energy sector outpaced the transport sector, attracting US$15.1 billion across 73 projects.
This accounted for 69 percent of global PPI investments. The transport sector received US$4.5 billion across 17 projects, accounting for 20 percent of investment commitments in the first half of 2020.
The water sector engrossed US$1.3 billion over 21 projects, and the municipal solid waste sector received US$889 million across 17 projects. No information and communication technology (ICT) projects were recorded.
According to the report, “Pakistan had the fourth-highest investment commitments with US$1.9 billion of investment commitments, accounting for 0.69 percent of GDP.”
The report said that the novel coronavirus has significantly decreased financial closures of investment projects across the globe, particularly in the East Asia and Pacific (EAP) region.
Earlier today State Health Minister Dr. Faisal Sultan said while addressing a media briefing at National Command and Operation Center (NCOC) said that the disastrous effects of the COVID-19 second wave can only be assuaged by taking precautionary measures across the country by citizens.
He said that the increasing number of corona cases is a threat as it can badly sway our economy, education, and healthcare system which is already overburdened amid the ongoing crisis.