Finance Minister updates UAE ambassador on PIA privatization progress

March 20, 2024 (MLN): The newly elected Minister for Finance & Revenue, Muhammad Aurangzeb dicussed the progress made with the government's privatization program, specifically mentioning the privatization of Pakistan International Airlines (PIA) in a meeting with Ambassador of the UAE to Pakistan, Hamad Obaid Ibrahim Salim Alzaabi on Wednesday.

According to a press release issued today, the Ambassador called on Minister for Finance to discuss matters regarding bilateral relations and economic cooperation between Pakistan and the UAE.

Muhammad Aurangzeb, expressed sincere appreciation for the long-standing brotherly relations between Pakistan and the UAE, which are deeply rooted in shared history, culture, and faith. 

He emphasized the cherished nature of these traditional and longstanding relations.

The Minister discussed the establishment of the Special Investment Facilitation Council (SIFC) in Pakistan, aimed at attracting investments from friendly countries in various sectors.

The Ambassador of UAE appreciated the measures being taken by the government to bring reforms in various sectors of the economy. 

Concluding the meeting, both sides reaffirmed their commitment to strengthening bilateral relations and enhancing economic cooperation between Pakistan and the UAE.

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