LAHORE: Pakistan Business and Investment conference is being held in Dubai today which will have over 140 delegates from Pakistan meeting with a similar number of UAE based investors and traders for match making and finalising agreements of mutual interest.
This said Chief Executive Officer Punjab Board of Investment and Trade (PBIT) Saadat Muzaffar while giving details in this regard.
He said that Chief Minister Punjab, Mohammad Shahbaz Sharif is leading a 100 CEO delegation to the UAE to solidify the trade and investment linkages between both regions, as Pakistan’s second largest trade and investment partner, the UAE enjoys a special relationship with Pakistan.
He said that this investment conference is going to translate into an estimated 10 MoUs in various trade and investment collaborations for the sectors of Agri-Business, Livestock and Dairy, Mines & Minerals, Energy and International Business. These agreements are potentially worthy of generating investments totalling approximately USD 2 billion, he added.
He told that Punjab being Pakistan’s most industrialized province and investment-ready in terms of its policies has led this activity with the Chief Minister acting as a representative of the business community’s need to boost the trade balance between both countries from USD 4.8 billion to USD 8 billion in the next few years.
Saadat Muzaffar said that this is for the first time that Pakistan has shown its strength through the organization of such a conference in Dubai adding ” this signals that we are ready to take our business and political relationship at a new level under the leadership of Chief Minister Punjab.”
The PBIT is the flagship investment promotion agency of Punjab with the aim of creating economic mergers in the high-value sectors with countries such as the UAE through linkages and more effective connections with the logistical hub that UAE has become, he added.
Source: The News