Key points
- Pakistan PM Shehbaz Sharif welcomes delegation
- UAE and Pakistan exchange MoUs
- Pakistan most suitable market for investment: delegates
ISLAMABAD: The International Free Zones Authority (IFZA) of the United Arab Emirates (UAE) and the Aleria Group exchanged a memorandum of understanding (MoU) with the Board of Investment (BoI) of Pakistan for investment in existing Special Economic Zones (SEZs) in Pakistan.
Pakistan Prime Minister Shehbaz Sharif met the 8-member delegation.
The prime minister welcomed the delegation of the IFZA that would invest in several projects in existing SEZs of Pakistan, a Prime Minister’s Office news release said.
On the occasion, the prime minister said Pakistan and the UAE had long-standing brotherly relations spanning decades, whereas the country had vast investment opportunities in several sectors.
“Investment-friendly environment”
“The government is taking steps on a priority basis to provide a business and investment-friendly environment in the country,” the prime minister said.
The delegation praised Pakistan’s “economic stability under the leadership of Prime Minister Muhammad Shehbaz Sharif” and expressed that Pakistan was emerging as the most suitable market for investment in the region.
The government is taking steps on a priority basis to provide a business and investment-friendly environment in the country.” – Prime Minister Shehbaz Sharif
The delegation expressed keen interest in further increasing its investment footprint in Pakistan.
The meeting was attended by IFZA Chairman Martin Gregers Pederson and Aleria Managing Partner Mana Ali Muhammad Hammad Al Shamsi, along with officials from Aleria and IFZA. Pakistan’s Deputy Prime Minister and Foreign Minister Ishaq Dar, Minister for Planning Ahsan Iqbal, Minister for Privatisation Abdul Aleem Khan, Minister for Information and Broadcasting Attaullah Tarar, Special Assistant Tariq Fatemi and relevant senior officials also participated in the meeting.
