Mubasher: Kuwait Investment Authority (KIA) has denied news reports published by local and Pakistani media regarding a plan to pump $20 billion in the South Asian nation.
The news story is completely incorrect and the source of this news, Ahmed Idrees, does not belong to KIA, the GCC nation’s sovereign investor said on Twitter.
Earlier on Sunday, Pakistan’s The Express Tribune reported that KIA has set up a big investment scheme to inject $20 billion in Pakistan.
In the same vein, Ahmed Idrees told Pakistan’s minister for works and services, and irrigation Syed Nasir Hussain Shah that Kuwait’s state-run sovereign wealth fund is keen on investing in various sectors in Pakistan, including infrastructure, energy, and water desalination, according to Al Qabas newspaper.
