Naveed Mumtaz Janjua, Senior Executive, Investment Promotion, Government of Rais Al Khaimah (RAK), United Arab Emirates (UAE) has invited Pakistani investors to invest in Rais Al Khaimah.
Talking to Jalil Ahmad Malik, President Rawalpindi Chamber of Commerce and Industry (RCCI) and senior executives of the chamber, Naveed Mumtaz held discussions with business leaders for avenues of investment and joint ventures.
According to Naveed Mumtaz Janjua the government of Rais Al Khaimah (RAK) is giving full operational incentives to foreign investors including 100 percent foreign ownership in case of Free Zone company, 100 percent profit and capital repatriation. "In RAK there are no personal income taxes, corporate income tax and taxes on exports in Emirates", he added.
Speaking on the occasion, Jalil Ahmed Malik said that the flexible economic policies of Pakistan have opened ways of foreign investment in the country besides introducing it as an investment friendly country. "The trade and economic relations of Pakistan and United Arab Emirates (UAE) are growing faster daily", Malik said.
Pakistan is potential country and on basis of its attractive industrial and agriculture growth, foreign investors are looking towards Pakistan for new vistas of investment, Jalil Malik said adding that many Pakistani businessmen in UAE were playing active role in socio-economic development of the Emirates.
He said that the private sector of two countries has a great role to play to take the trade volume of the two sides at par with the historical political relations.
"Private sector should explore new avenues of industrial co-operation and investment and work on joint ventures, besides learning from the experiences", he maintained.
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