Pakistan offers UAE investment opportunities in energy sector

ISLAMABAD: Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtyar has offered United Arab Emirates (UAE) investment opportunities in energy sector.

According to a statement released from the ministry, Makhdum Khusro Bakhtyar has offered the opportunities during a meeting with the UAE ambassador Hamad Obaid Alzaabi, who called on him in the federal capital today.

The minister said that Pakistan and UAE enjoy cordial bilateral relations and emphasized the need to further broaden the scope of partnership.

He added that Pakistan’s energy sector has huge investment potential especially in petrochemicals and hydel energy generation.

The minister stated that there were many areas in which both countries could work together for gaining mutual benefit. Khusro Bakhtyar 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 federal minister appreciated UAE’s investment in PARCO and hoped that more avenues will be explored to further bilateral economic cooperation. He 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.

Bakhtyar called for exchange of high level visits between the two countries to further cement bilateral collaboration.

He expressed optimism that UAE will also consider initiating humanitarian projects in South Punjab.

The ambassador of UAE said that both countries enjoy unique relationship and expressed confidence that bilateral relations will be taken to new heights in future.

He also invited the Khusro Bakhtyar to participate in a government summit which will be held in coming February.