ISLAMABAD: Finance Minister Senator Muhammad Ishaq Dar on Friday said that the government was incentivising foreign investment in all fields, including oil and gas sector, to accelerate pace of economic development in the country.
In a meeting with United Arab Emirates Minister of Culture, Youth and Social Development Sheikh Nahyan bin Mubarak al Nahyan in Abu Dhabi, he said the government had taken a number of bold initiatives to bring financial discipline and turnaround the economy of Pakistan.
Alluding to the forthcoming spectrum license auction in Pakistan, the Finance Minister expressed the hope that telecom companies from the Middle East countries would participate in it. The Minister said that Pakistan and UAE enjoy close fraternal relations, which were deep-rooted in shared history, culture, and heritage. Pakistani leadership and its people value its bond of fraternity and look forward to expand cooperation with UAE in all fields, he added. The Minister said the Pakistani leadership and its people acknowledge UAE’s contributions and cooperation for the development of Pakistan. According to a press statement of Ministry of Finance issued here, he said that Pakistan could provide skilled manpower for the growing UAE economy. Dar also enquired about the health of the UAE President Sheikh Khalifa bin Zayed Al Nahyan and conveyed good wishes and prayers of the Prime Minister Nawaz Sharif for his good health and long life.
He thanked Sheikh Nahyan for his leadership’s continued support to Pakistan.
The Finance Minister was accompanied by Ambassador of Pakistan to United Arab Emirates Asif Durrani and officials of the Embassy. On the occasion, Sheikh Nahyan bin Mubarak al Nahyan said that the United Arab Emirates leadership and its people enjoy close historical and cultural relations with the people and leadership of Pakistan.
He expressed the confidence that these relations would strengthen further with the passage of time. Sheikh Nahyan expressed his confidence that the present government in Pakistan would soon overcome the economic challenges confronting the country.
He said Pakistan was his second home and assured that his government would extend all possible cooperation for economic development of Pakistan.
LAHORE: There is a long journey to start any small or longstanding business in Pakistan as it needs ...