Results of military diplomacy of COAS
Aramco, the Saudi giant, a prominent global energy & chemicals company, has made a significant move by entering into agreements to purchase a 40% equity stake worth $120 million in Gas & Oil Pakistan Ltd.Giving the shares to Aramco doesn’t mean selling Pakistan’s assets out. Privatisation is a widely observed phenomenon. The positive effects of privatising or leasing a company are evident, as can be seen by the example of Heathrow airport.From the economic front it is a positive step & only sustainable way to reduce the debt is by increasing exports or attracting Foreign Direct Investment (FDI) from abroad. Transactions like these would pave way for other large companies to invest in Pakistan.Agreement with Aramco can have a knock-down effect, leading to greater interest from other global players. The thing to see now is that this investment is put to productive use & used as a showcase for other investors.
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