Pakistan’s top diplomat to the United Arab Emirates (UAE) announced the successful wrap-up of a three-day investment roadshow, which has set the stage for multi-million-dollar investments in various sectors, including fintech, energy, education, health and retail startups, expected to materialize in the coming days.
The roadshow, which drew to a close on Tuesday, was a collaborative effort between Pakistan’s Special Investment Facilitation Council (SIFC) and the United States Agency for International Development (USAID). It aimed to showcase Pakistan’s economic potential and draw foreign investors to key sectors.
The event that attracted numerous international business figures saw over 30 Pakistani startups pitching their ideas, with SIFC officials highlighting the country’s investment opportunities.
The SIFC called the roadshow an unprecedented effort to galvanize foreign investment on a global scale, a first in Pakistan’s history.
“It was a successful event which has initiated millions of dollars in investments in Pakistani fintech, energy, education, health and retail start-ups which will materialize in the next few days,” Ambassador Faisal Niaz Tirmizi, Pakistan’s envoy to the UAE, told Arab News over the phone from Abu Dhabi.
He said the participating startups presented their projects and received positive responses, with investors in discussions to fund their respective projects.
“The exact amount of investment will be clear in a few days when the deal will be finalized after fulfilling certain requirements, including the provision of necessary data and documents by the startups to the investors,” he added.
The ambassador said the roadshow received a tremendous response, adding the attendance on each day was more than expected.
“In each session over the course of all three days, we were expecting around 100 people, but we had more than 175 top investors, venture capitalists, and companies in attendance for every session,” he continued.
Speaking to Arab News, the SIFC’s apex committee secretary, Dr. Muhammad Jahanzeb Khan, said the council planned to conduct sector-specific seminars across the Gulf region.
