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Pakistan, UAE share longstanding fraternal relations spanning decades: PM

Islamabad: Prime Minister Shehbaz Sharif has said the government is taking priority measures to provide a business and investment-friendly environment in the country.

He was talking to an eight-member delegation from the International Free Zones Authority of the United Arab Emirates and the Aleria Group in Islamabad today.

Welcoming the delegation, the Prime Minister said Pakistan and the UAE share longstanding fraternal relations spanning decades.

He highlighted the vast investment opportunities available in various sectors of Pakistan.

The delegation commended the economic stability of Pakistan under the leadership of Prime Minister Muhammad Shehbaz Sharif.

The delegation members acknowledged Pakistan as an emerging and the most suitable market for investment in the region

The delegation expressed keen interest in further expanding their investment footprint in Pakistan.

A memorandum of understanding was exchanged between the UAE’s International Free Zones Authority and Pakistan’s Board of Investment regarding investments in Pakistan’s existing Special Economic Zones.

The UAE’s International Free Zones Authority will invest in multiple projects within Pakistan’s existing Special Economic Zones.

The meeting was attended by International Free Zones Authority Chairman Martin Gregers Pederson, Aleria’s Managing Partner, and other officials from Aleria and IFZA.