ISLAMABAD: Planning Minister Ahsan Iqbal has said that friendly countries, including Saudi Arabia and the United Arab Emirates (UAE), have pledged to invest $27 billion in Pakistan in the next five years, Pakistani state media reported on Sunday, amid a push for foreign investment in the South Asian country.
The development comes amid Islamabad’s efforts to attract foreign investment to drive economic growth in Pakistan that has been engulfed in an economic crisis due to decades of financial mismanagement.
In recent months, the South Asian country has reached multiple investment deals with a number of countries, mainly the Gulf states, in infrastructure, energy, maritime, ports and other sectors.
Iqbal said his government was making efforts to bring socio-economic reforms to put the country on the path of fast-track economic development, the state-run Radio Pakistan broadcaster reported.
“Saudi Arabia has announced to invest five billion dollars, while the UAE and Kuwait will each invest ten billion dollars and Azerbaijan will invest two billion dollars,” he was quoted as saying.
China has also shown willingness for the second phase of the China-Pakistan Economic Corridor (CPEC), a flagship of Beijing’s Belt and Road Initiative through which it has pledged over $60 billion in investment projects in Pakistan, according to Iqbal.
Beijing has given assurances for the establishment of five new corridors, including that of growth, livelihood, innovation, green economy and open regional inclusive development.
Since avoiding a default last year, Pakistan has been making attempts to boost investment and trade to revive its fragile economy, and reached a staff-level agreement with the International Monetary Fund (IMF) in July for a new $7 billion loan.
The IMF executive board is due to meet on September 25 to discuss the bailout, with Pakistani officials saying that all matters with the lender have been “settled amicably.”
Prime Minister Shehbaz Sharif said this week that friendly countries had played a major role in helping meet requirements placed before Islamabad by the IMF, which included arranging additional external financing and debt rollovers.
Islamabad has for years relied on China, Saudi Arabia and the UAE for assistance to meet such external financing requirements.

ISLAMABAD: Pakistani umpire Saleema Imtiaz made history on Sunday after she was nominated to the ICC’s International Panel of Development Umpires, making her the first woman from her country to achieve the honor. 
The nomination qualifies Imtiaz, 52, to officiate in women’s bilateral international matches and ICC Women’s Events, marking what the Pakistan Cricket Board (PCB) said was a “major milestone” in the country’s cricketing history.
Imtiaz, who is the mother of Pakistan women’s international player Kainat Imtiaz, began her umpiring career with the PCB Women’s Umpires Panel in 2008. Her extensive experience includes officiating in high-profile events under the Asian Cricket Council such as the 2022 and 2024 ACC Women’s T20 Asia Cup and the 2023 ACC Emerging Women’s Cup in Hong Kong. 
“I am beyond thrilled to join the ICC International Panel of Development Umpires,” Imtiaz said according to a press release issued by the PCB. “I owe immense gratitude to the Pakistan Cricket Board for the invaluable opportunities that paved the way for this achievement.”
She described her journey as one filled with “hard work and personal sacrifices,” adding that the achievement was not only a win for her but for every aspiring Pakistani woman cricketer and umpire. 
“I hope my success motivates countless women who dream of making their mark in the sport,” Imtiaz said. “This moment reflects the growing influence of women in cricket and the PCB’s commitment to fostering that development.”
Her first on-field appointment in a bilateral series will see her officiate the Pakistan-South Africa women’s T20I series in Multan, which begins on Monday. 
She will be partnered by Nasir Hussain from the PCB Elite Panel of Umpires, while Humairah Farah will serve as the third umpire and Muhammad Javed Malik from the PCB International Panel of Match Referees will oversee the series as match referee.
“With her nomination to the ICC International Panel, Saleema Imtiaz not only breaks barriers but also sets an inspiring precedent for the next generation of female cricket professionals,” the PCB said.