Chairman Pakistan Industrial and Traders Associations Front (PIAF), Sohail Lashari on Tuesday said Pakistani businessmen must avail investment opportunities available in the UAE as it would strengthen trade linkages.
Speaking at a function arranged for a two-member delegation of Ras Al Khaimah Investment Authority (RAKIA), he said that Pakistan and Gulf States share cordial business relations and urged Pakistani investors to help strengthen these ties further. He said RAKIA offered many opportunities for doing business, which could benefit both brotherly nations. RAKIA has a transparent, tax and corruption free environment for business. He said that economy was stable in UAE.
The chairman PIAF said that RAKIA is becoming the hub of business activities and this is due to the vision of Sheikh Saud Bin Saqr Al Qasimi, the Ruler of Ras Al Khaimah. He achieved this milestone of rapid economic growth by implementing vast organisational and economic reforms that transformed RAKIA into an attractive destination for foreign investment.
Asma Faisal of RAKIA said that for having one of the best regulatory environments in the region, RAKIA offers a highly attractive economic package to foreign investors, which include 100 percent income and corporate tax exemptions, full repatriation of capital and profit, readily available labour, hassle-free licensing procedures, excellent airport and seaport facilities, and the absence of foreign exchange control, trade barriers and quotas.