Global Investment Consortium mulls investing billions of dollars in Pakistan

ISLAMABAD: At the time when coronavirus pandemic has unnerved global economies and Pakistan is no exception, Pakistan holds good news for the economy as the Global Investment Consortium (GIC) plans to invest €50 billion in the country, a local newspaper reported.  

According to the report, the billions of dollars will be invested in various projects that include Naya Pakistan Housing Scheme, Reko Diq copper and gold project and Diamer-Bhasha dam and power project . The report claimed that GIC investment will be equal to Chinese investment in the China-Pakistan Economic Corridor (CPEC).