UAE invited to invest in energy sector of Pakistan

October 31, 2018: Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has said that energy sector of Pakistan offers huge investment potential especially petrochemicals and hydel energy generation and UAE can benefit from investing in these areas which will further expand the existing bilateral relations.

The Minister said this while talking to Ambassador of UAE, Hamad Obaid Alzaabi. Secretary Planning Zafar Hasan was also present in the meeting.

He added that Pakistan offers investment friendly policies and the Government is committed to attract foreign investment to put the national economy on growth trajectory for achieving its socio-economic targets.

The Minister appreciated UAE’s investment in PARCO and hoped that more avenues will be explored to further bilateral economic cooperation.

The Minister said that Pakistan will fully participate in EXPO 2020 being organized by UAE adding that this will provide an opportunity to two countries to identify areas for future cooperation in diverse sectors.

He noted that a large Pakistani diaspora in UAE was contributing in the development of the country as well as acting as a bridge between the two countries.

(APP)