Monday, 24 February 2014 - 11:46
Pakistan expects to invest US$ 500 mn in Sri Lanka
The First Secretary of the Pakistan High Commission in Sri Lanka Hasan Zaigham, addressing a seminar on Sri Lanka and Pakistan trade, organized by the National Chamber of Commerce in Sri Lanka said Pakistan is expected to invest around 500 million dollars in Sri Lanka in the next three years.
As of December 2012, the total cumulative investment stood at around 11.9 million dollars and currently Investment of around 233.3 million dollars is in the pipeline.
Pakistani companies have invested in agriculture, IT, textiles and construction and real estate development.