UAE companies interested to investment in Pakistan, envoy tells CM

LAHORE: Ambassador of UAE Hamad Obaid Ibrahim Salem Al-zabi called on Punjab Chief Minister Sardar Usman Buzdar at his office here on Wednesday.

During the meeting, various matters, including promotion of Pakistan-UAE relations, came under discussion in detail. It was agreed to strengthen and promote bilateral economic ties and investment.

The proposal of setting up the Pakistan-UAE Business Council also came under discussion. It was further decided to increase the close ties so as to enhance the investment and Chief Minister Usman Buzdar invited the UAE investors to invest in special economic zones.

Buzdar said: “Pakistan and UAE enjoys historical relations and these relations will be further extended under the leadership of Prime Minister Imran Khan. Investors are given special incentives in Punjab and UAE’s investment companies will be fully welcomed.”

He appreciated UAE’s cooperation in the development of the country and said that that collaboration was highly valued. “We want to further strengthen the mutual ties in various sectors including trade, investment, energy, water projects, culture and tourism,” he said. “Time has come to transform the Pakistan-UAE relations into strong economic ties and exchange of business-to-business delegations is necessary in this regard. It is my desire to visit the UAE as soon as possible,” the Chief Minister concluded.

The UAE Ambassador said that they would welcome you to UAE as Pakistan was their second home and bilateral relations would be further strengthened. “The UAE leadership is standing along with Pakistan and we will provide every sort of cooperation to you. UAE’s companies are interested in investment in Pakistan and we want to invest in special economic zones in water projects, energy and other sectors.”

He said that Prime Minister Imran Khan’s visit to UAE had helped further strengthen the bilateral cooperation and those relations would be transformed into strong economic ties with mutual efforts.

Spokesman to CM Dr Shahbaz Gill, Advisor Akram Chaudhry, Chairman P&D, Principal Secretary and others were also present on the occasion.