Startups, Technology

Alibaba Officials visit could get $400 million investment to Pakistan

Written by Ali Raza ·  1 min read >
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It seems the interest shown by Alibaba in Pakistan could culminate into something good for the Pakistani economy. In just two months, another delegation of top-level officials from Alibaba has been confirmed to arrive into the country.

This time, the delegation will be headed by the President and Director of Alibaba, Mr. Michael Evans. Mr. Evans has various responsibilities in Alibaba one of which is seeing to the company’s growth strategy outside of China. The delegation he leads has been scheduled to meet with top government officials including Mian Nawaz Sharif, Prime Minister of Pakistan, Mr. Khurram Dastagir Khan, commerce Minister, Ms. Anusha Rehman, Minister for IT and Telecom and many others holding various positions in government.

Alibaba showed interest in the Pakistani economy a while back and these visits from its officials are confirmation of what went down in Davos in Switzerland. During the World Economic Forum, the chairman of the Alibaba group, Jack Ma, met with the Pakistan prime minister where they discussed issues at length.

The Alibaba delegation is expected to arrive in Pakistan early tomorrow for the scheduled talks with government officials and others in the private sector. On the agenda are finances, investments and other issues that could benefit both parties. The second session of the talks will involve talks between the delegation and the Commerce Minister and the IT Minister to establish various investment strategies.

Besides that, the delegation will also meet the Chairman Board of Investment, Mr. Muftah Ismail, and the chairman of NADRA.

Although the details of the discussions are to be revealed after the talks are over, the general expectations are that the Alibaba group will invest about $400 million in the Pakistani economy in various sectors.