PR No. 197
Dubai: April 22, 2024

Federal Minister for Finance & Revenue Mr. Muhammad Aurangzeb held meeting with foreign investors in Dubai and explored ways to enhance investment activity between the UAE and Pakistan by supporting existing economic partnerships and exploring further diversification to include areas of Information technology, renewable energy, transport and logistics, infrastructure and real estate development. He highlighted the competitive advantages that make Pakistan an ideal destination for investors seeking high returns and sustainable growth. The Finance Minister also highlighted the role of SIFC in assisting investors at every stage of their journey, comprehensive support services including market research, regulatory guidance, investment facilitation, and post-investment support, ensuring a smooth experience. During his meeting held with the senior officials of Mashreq Bank and First Abu Dhabi Bank in Dubai, he discussed strengthening of financial and economic cooperation. The Minister emphasized upon the bankers to reconsider their appetite for arranging financing for the country given significant improvements in economic fundamentals. In another meeting with the members of Pakistan Business Council UAE, he stressed upon the need of collaboration with industry leaders, government agencies, financial institutions, and local stakeholders to forge strategic partnerships that facilitate trade and investment inflows into Pakistan. The Minister further said that the macro-economic indicators have started showing positive trends in the country both at internal and external fronts. The ongoing structural reforms and enforcement mechanism would further set the direction of the economy in a right way. He also applauded Pakistani businessmen based in UAE for showcasing Pakistan's best business practices and conducive environment for forward-thinking investors especially in the area of IT, digitalization, climate change, agriculture and human capital.

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