Shaukat Tarin appreciates PKIC’s investment, banking activities

March 09, 2022: Federal Minister for Finance and Revenue Mr Shaukat Tarin appreciated the investment and development banking activities of Pak-Kuwait Investment Company during a meeting with Mr Mohammad A. M. Al-Fares, Chairman Pak Kuwait Investment Company at Finance Division today, said a press release issued on Wednesday.

This joint venture between the government of Pakistan and Kuwait is imparting a commendable role in promoting industrial activity in various areas of the economy, he added.

Mr Mohammad A. M. Al-Fares and Federal Minister for Finance Mr Shaukat Tarin highlighted the deep-rooted brotherly between Pakistan and the Kingdom of Kuwait. Further, the dignitaries shared their contentment over the prevailing stronger relations between the two countries.

The Finance Minister apprised about the economic bottlenecks faced by the Pakistani economy during testing times of Covid-19. He also highlighted the initiatives undertaken by the government for ensuring economic progress and development in Pakistan. These initiatives have improved the overall economic outlook of the country.

Mr. Mohammad A. M. Al-Fares shared that Kuwait greatly values its bilateral relations with Pakistan. Both sides promised to enhance these bilateral ties in various areas including investment, trade and business.

The Finance Minister thanked the chairman Pak-Kuwait Investment Company for their goodwill and cooperation and hoped to enhance it further in the future.

Press Release