Sheikh Nahyan bin Mubarak Al Nahyan, Head of Ministry of Culture, Youth, and Social Development, United Arab Emirates (UAE) has said that many UAE companies are interested to invest in Pakistan due to improving economic situation. During his visit to Pakistan Stock Exchange (PSX) on Monday Sheikh Nahyan said Pakistan and UAE are enjoying very close relations.
"Out group had invested here over $6 billion and our companies are considering to make more investment here", he added. He said Pakistan had played historic role for global peace and economic stability. Sheikh Nahyan further said, "Pakistan is like second home to me just as the UAE is home to thousands of Pakistanis pursuing careers in different fields. We will continue to explore ways of strengthening our mutual co-operation."
Chairman Pakistan Stock Exchange Muneer Kamal said it is indeed an honour to host H.H Sheikh Nahyan here at Pakistan Stock Exchange. He expressed his heartfelt gratitude to the UAE for all the support and investment that goes long way in shaping Pakistan's economy.
He said the UAE believed in Pakistan's economic potential. "Hopefully we will be able to chart out newer avenues of mutual co-operation and joint ventures during his Pakistan visit to strengthen our economic and people to people connections." Managing Director Pakistan Stock Exchange Nadeem Naqvi, said it is a privilege to host Sheikh Nahyan, a long-time friend and well-wisher of Pakistan, here at Pakistan Stock Exchange, which has the distinction of being the best performing market in the Asia with KSE-100 Index, showing over 40 percent gain since January 2016 to-date. The country is quickly reclaiming its share of foreign investments and reclassification of our market in MSCI's emerging market index is a manifestation of global investor confidence in Pakistan. The UAE holds a very special and dear place in all Pakistani's heart as a friend and ally.
"We are grateful to him for his continued strong support in cementing further the relationship between our two countries", he said. President and CEO of Bank Alfalah Atif Bajwa along with the bank's senior management, Chairman, Pakistan Stock Exchange were also present on the occasion. Later, Sheikh Nahyan rang traditional gong at the main trading hall at PSX.