Islamabad: Federal Minister for Commerce Jam Kamal Khan said here on Friday that the United Arab Emirates (UAE) announced an investment of $10 billion in Pakistan to support the government’s economic reforms and confidence-building measures.
He attributed the historic investment to Prime Minister Shehbaz Sharif’s efforts over the past two months to resolve issues affecting business groups and investors.
The minister said that he has taken steps to address issues related to tariffs, energy crisis, competitive prices, revenue targets, remittances and building confidence among local and international investors.
The Prime Minister’s visit to the UAE yesterday led to the UAE President Sheikh Mohammed bin Zayed Al Nahya announcing an investment of $10 billion.
Minister Kamal said that this investment is unprecedented and will be used in areas identified by Pakistan.
On trade with India, the minister said that Pakistan will maintain its position on key issues like Kashmir, which is important to the country, and will not compromise on its key issues and will move forward with trade only when these issues are resolved. .
The minister expressed confidence in the government’s efforts to improve the economy, generate income and create jobs.
UAE’s $10 bln investment, a testament to business-friendly policies: Jam Kamal
