Ishaq Dar welcomes the proposal for new investment in Pakistan of UAE

ISLAMABAD, Dec 01, (SABAH): Hamad Obaid Ibrahim Salim Al-Zaabi, Ambassador of the United Arab Emirates called on the Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar at Finance Division on Thursday.

Ishaq Dar and Hamad Obaid Ibrahim Salim Al-Zaabi shared the historical and long-standing ties between both countries and exchanged views on further boosting and strengthening these economic ties.

Ishaq Dar stated that Pakistan and UAE are engaging in various areas including energy, refinery, petroleum and trade, however, still a lot of potential is unexplored. In this regard, the Finance Minister also highlighted various new avenues in which both countries can trade and invest. The Finance Minister recalled his recent visit to the UAE and discussed the fruitful meetings held in UAE with management of Abu Dhabi Holding Company and International Holding Company. It was shared that the ADQ and IHC showed their confidence in the ongoing economic policies of the present government and shared their interest in investing in energy, agriculture, healthcare and other sectors. The Ambassador of the United Arab Emirates highlighted that UAE is fully cognizant of the development-oriented economic policies of the country being undertaken by the present government and shared that UAE is keenly interested to augment its investment in Pakistan in new sectors of the economy. The Finance Minister welcomed the proposal for new investment in Pakistan of UAE and assured the UAE’s Ambassador of full support and cooperation by the present government.

In conclusion, the Finance Minister shared sentiments of gratitude for good will and cooperation of his Excellency and hoped to enhance the bilateral relations further in the future.