Kuwait keen to boost investments in Pakistan

Kuwait has expressed a strong interest in expanding its investment footprint in Pakistan, with the Kuwait Investment Authority (KIA) signalling readiness to explore new opportunities and deepen institutional engagement.

The development came during a high-level meeting between Federal Minister for Petroleum, Ali Pervaiz Malik, held a meeting with the Minister of Finance and Renewable Energy of Kuwait and Chairman of the Kuwait Investment Authority (KIA), Dr. Subaih Al-Mukhaizeem, to discuss ways to further strengthen the close and historic bilateral relations between Pakistan and Kuwait.

During the meeting, both ministers underscored their shared commitment to expanding cooperation across multiple sectors, particularly in the areas of energy, investment, and trade, in a manner that serves the mutual interests of both nations, read a statement on Wednesday.

Pakistan, Kuwait discuss cooperation in petroleum sector

Al-Mukhaizeem noted that Kuwait maintains a notable investment portfolio in Pakistan and expressed Kuwait’s keen interest in further expanding its investments.

He affirmed that KIA is willing to explore new investment opportunities in Pakistan and to work closely with relevant stakeholders to increase the scope of bilateral investments.

Federal Minister Ali Pervaiz Malik welcomed Kuwait’s continued confidence in Pakistan’s economy and highlighted the government’s commitment to creating a conducive environment for foreign investment, particularly in the energy and infrastructure sectors.

Malik also held a separate meeting with the Chairman of Meezan Bank Pakistan, Riyadh Al Edrissi. The minister appreciated the strong performance of the Islamic bank and remarked that such successful foreign investment initiatives set a positive example for others to follow, reinforcing investor confidence in Pakistan’s financial sector.

In another meeting, the federal minister met with the Director General of the Kuwait Fund for Economic Development, Waleed Shamlan Ahmad.

The discussions focused on enhancing development funding and strengthening cooperation on projects aimed at supporting Pakistan’s socio-economic development.

Additionally, Malik held a meeting at the Kuwait Investment Authority with the Deputy Managing Director, where discussions centered on further exploring investment opportunities and strengthening institutional cooperation between Pakistan and KIA.

The minister also interacted with leaders of the Pakistan business community in Kuwait. He emphasised that Overseas Pakistanis are a valuable asset for the country and appreciated their contributions to Pakistan’s economy, investment climate, and bilateral relations.