Business
Pakistan offers Saudi entrepreneurs to invest in carbon and other sectors
Ministry of Climate Change will provide one window facility to all investors
Lahore: Pakistan's government and local entrepreneurs have offered Saudi Arabian investors to invest in Pakistan's carbon market which has enormous potential. The offers come at a time when the government of Pakistan has formulated a carbon market policy which is fully aligned with the country's climate goals.
Saudi investors have also been urged to invest in other sectors like transport, agriculture, energy, forestry, solid waste, landfill site in Lahore, biogas, brick kiln industry, and electric vehicles.
The offer comes at a time when a delegation of Saudi investors and businessmen will visit Pakistan in October this month. There is a huge opportunity to invest $100 million in the carbon sector initially which can be expanded to $500 million.
The investors will have to pay very little compensation for multiple facilities being offered by the government of Pakistan.
Under the government's policy, Pakistan will charge only 5% as credit from investors and only a 12% deduction will be made for CAF. The government will charge only 1% for administrative expenses.
Investors will also get a minimum deduction of 2.7% in fees, which is charged at the level of 4% in other countries.
The federal Ministry of Climate Change will provide one window facility to all investors.