UAE investors are planning to make investment in Pakistan in different sectors including cement and steel sectors. Chairman Zarooni Group of Companies, Faisal Mohammad Abdul Karim Al Zarooni, who was accompanied by Leader of the House in Senate, Senator Jehangir Badr, was talking to LCCI President Irfan Qaiser Sheikh while Senior Vice President Kashif Younus Meher and Vice President Saeeda Nazar were also present on the occasion.
He said that there is no doubt that UAE and Pakistan enjoy excellent relations between them with bonds of religion, history and culture, and Pakistan was the first country who recognised the UAE. There is deep co-operation between the two countries in all fields especially in economic and trade sectors.
The Chairman Zarooni Group of companies said UAE is the second largest investor in various sectors of Pakistan including banking and real estate, energy, infrastructure, telecommunications, ports, housing and aviation. Faisal Mohammad Abdul Karim Al Zarooni said that raw material import from Pakistan is cheaper than China therefore the UAE investors are giving preference to Pakistan.
Leader of the House in Senate Senator Jahangir Badr said that both the countries have huge potential to increase bilateral trade and investment. Therefore, the investors of both the sides should join hands to tap this potential. LCCI President Irfan Qaiser Sheikh said that deep friendly ties exist between Pakistan and UAE and both sides are unison on various international issues. He said that UAEs is a big economic and trade partner of Pakistan and bilateral economic relations are further expanding with the passage of time. He said that LCCI would be more than willing to facilitate all the UAE investors if they plan to put their money in any new venture in Pakistan.
He said that UAE had played an important role in the rehabilitation of people in last flood in Pakistan. He said that the active role of UAE in the public welfare projects and development of Pakistan is commendable. He said that government has evolved a comprehensive strategy for rapid economic development and a special attention has been paid to various sectors including livestock, education, health, communications and information technology. Therefore, UAE investors could avail these opportunities.