Pak­istan de­sires to ce­ment eco­nomic ties with UAE: CM

The Pak Banker - - Front Page -

IS­LAM­ABAD: Pak­istan at­taches great im­por­tance to its cor­dial and friendly ties with United Arab Emi­rates and de­sires to fur­ther ce­ment the so­cio-eco­nomic and trade re­la­tions be­tween the two coun­tries.

This was stated by Chief Min­is­ter Pun­jab Mian Shahbaz Sharif dur­ing his meet­ing with Gover­nor of Dubai In­ter­na­tional Fi­nan­cial Cen­ter (DIFC) Ahmed Hu­maid Al Tayer, said a press re­lease re­ceived here. The DIFC is the world's fastest grow­ing in­ter­na­tional fi­nan­cial cen­tre rep­re­sent­ing for­eign banks from the USA and Europe.

He thanked the UAE govern­ment and said that the UAE, and par­tic­u­larly Sheikh Nahyan Bin Mubarak Al Nahyan, has al­ways shown sup­port for Pak­istan and this sup­port trans­lates into con­crete in­vest­ments in Pak­istan. The Gover­nor of Dubai In­ter­na­tional Fi­nan­cial Cen­ter (DIFC) Ahmed Hu­maid Al Tayer wel­comed the Pun­jab Chief Min­is­ter and as­sured con­tin­ued sup­port of the UAE govern­ment to Pak­istan.

Dr. Naseeer Saidi, Chief Econ­o­mist & Head of Ex­ter­nal Re­la­tions DIFC also gave pre­sen­ta­tion on DIFC. He also pointed out the ar­eas where DIFC could sup­port to Pak­istan that could help in re­viv­ing the econ­omy. The Chief Min­is­ter also met with CEO of Burj Khal­ifa along with rep­re­sen­ta­tives from com­pa­nies such as Emaar, Habib Bank and Oman In­surance. They dis­cussed the in­vest­ment in­cen­tives of­fered by Pak­istan par­tic­u­larly Pun­jab and the po­lit­i­cal will of the govern­ment to pri­or­i­tize UAE in­vest­ment and trade in­ter­ests in Pak­istan. Ear­lier, Chief Min­is­ter Pun­jab and Chair­man of the Pun­jab Board of In­vest­ment and Trade (PBIT), Mo­ham­mad Shahbaz Sharif started the sec­ond day of his busi­ness visit to Dubai, UAE with a meet­ing with Haji Muham­mad Rafiq Giga who is the Chair­man Giga Group of Com­pa­nies.

The meet­ing took place at the world's tallest build­ing, the Burj Khal­ifa, which is also a mas­ter ar­chi­tec­tural piece. At an event or­ga­nized by Habtoor Group, the Chief Min­is­ter Pun­jab said that the suc­cess that Habtoor Group has seen in UAE re­mains an in­spi­ra­tion for Pak­istani com­pa­nies. -PB News

ATHENS: EU Mon­e­tary af­fairs Com­mis­sioner Olli Rehn, left, and Greek Prime Min­is­ter Ge­orge Pa­pan­dreou leave a news con­fer­ence. Greece is ne­go­ti­at­ing a pos­si­ble ex­ten­sion of its emer­gency loan re­pay­ment with the EU and the IMF. -Ap

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