Consul General of United Arab Emirates (UAE), Suhail Bin Matar Al Ketbi has indicated that the UAE investors are working to finalise investment plan in agriculture and banking sectors in Pakistan.

Addressing members of Karachi Chamber of Commerce and Industry (KCCI) on Tuesday, he said that in next few months Pakistan will see substantial investment in these sectors.

Referring to a suggestion to establish KCCI UAE joint chamber of commerce, he assured that he will pass on the suggestion to the concern chamber and assist them.

"The UAE and Pakistan enjoy excellent economic relations.

Pakistani businessmen are surely interested in boosting their trade relations with the UAE's business community," Al Ketbi said.

He said close communication and co-ordination between government officials, businessmen and investors in UAE and Pakistan would pave the way for exploring more investment opportunities and propelling economic relations.

Replying a question about UNO move to impose sanction on Iran, he said that it is a political issue and beyond his jurisdiction to comment.

He described UAE-Pakistan relationship as model one.

"Pakistan is our second home", he added.

President Mian Abrar Ahmad urged to foster regional trade, economic co-operation between Pakistan and UAE to boost trade and investment.

He focused that the regional trade is the key solution to sustain peace and prosperity in the region.

He said that the regional trade will uplift the economy of Pakistan and regional countries to new horizons.

He was of the firm opinion that Pakistan must not rely on aid and remittances.

He was of the view that the aids received from USA and Western World never spent to boost the economy and its trickle down effect was not passed to masses.

He lamented that Pakistan was never allowed economic independence and liberty by the developed countries which they allowed to other countries in the region.
 

BlackSeaGrain