LAHORE: The UAE investors are planning to make investment in Pakistan in different sectors of economy including Cement and Steel sectors.
The Chairman Zarooni Group of Companies, Faisal Muhammad 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 here Monday.
The LCCI Senior Vice President Kashif Younis Meher and Vice President Saeeda Nazar also spoke on the occasion.
Al-Zarooni said, no doubt that UAE and Pakistan enjoy excellent relations and have bonded in religion, history and culture, and Pakistan was the first country, which recognised the UAE. There is deep cooperation between the two countries in all fields especially in economic and trade sectors.
He said the UAE is the second largest investor in various sectors of Pakistan including banking and real estate, energy, infrastructure, telecommunications, ports, housing and aviation. Raw material import from Pakistan is cheaper than China, therefore, the UAE investors are giving preference to Pakistan, he added.
Leader of the House in Senate Senator Jahangir Badr said that both the countries have huge potential to increase bilateral trade & investment, so the investors of both the sides should join hands to tap this potential.
While, LCCI President Irfan Qaiser Sheikh said that deep friendly ties exist between Pakistan and UAE and both sides are in unison on various international issues. He said that United Arab Emirates is a big economic and trade partner of Pakistan and bilateral economic relations are further expanding with the passage of time.
He said that Lahore Chamber of Commerce and Industry 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 flood affectees during the last flood in Pakistan. He said that the active role of UAE in the public welfare projects and development of Pakistan is commendable.
Irfan Sheikh said the 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 should avail these opportunities. (APP)