UAE Consul General promised more investment in Pakistan.

Karachi (April 23, 2024) United Arab Emirates (UAE) Consul General Bakhit Atiq al-Rumithi has promised to invest in more sectors in Pakistan. In addition to investment in ports, investments will also be made in railways, infrastructure and other sectors. UAE Consul General Bakhit Atiq al-Rumithi in a speech with the Federal Minister of Ports, Qaiser Ahmed Sheikh and media in the ceremony of payment of 50 million dollars to Karachi Port under the contract by Karachi Gateway Terminal (KGTL). Said that there is a lot of investment potential in Pakistan and UAE investors want to invest in Pakistan on a large scale, including port and shipping, railways and other infrastructure. Bakhit Atiq Rumithi said that 17 million Pakistanis are living in Dubai, Pakistan is a very good country for high potential investment, we are here for the national interest of your country, those who ask questions will get the answer when they see the progress of the work. The Consul General Dubai further said that the business community should be focused, economic conditions will see a lot of change, export matters will improve through the Karachi Gateway Terminal. He said that Pakistanis will continue to be welcomed in the UAE. UAE will never leave Pakistan alone, I myself have been living in Karachi for 24 years, we have a relationship with Pakistan that is 50 years old, Pakistani people are good-natured people, UAE cannot leave Pakistan alone, Karachi. Everything is good here, there has been development in Karachi, but there should be more, everyone will work together for the national economic situation, but you should all work for your national interest and those who are investing here should be supported. He said that Karachi port is the oldest port of Pakistan and can lead in the region, neighboring countries can also benefit from it, this port can also be benefited through re-export. On this occasion, Federal Minister Port and Shipping Qaiser Sheikh said that in the countries that have developed in the region, there is a large share of direct investment, there are many investment opportunities in Pakistan and foreign investment will only develop the country, AD Port and KG. TL’s joint venture is a milestone and we look forward to more joint ventures with other countries. The Federal Minister of Ports and Shipping said that WAE’s investment is dependent on Pakistan, the interests of both are protected in Hartnership, and our discussions will continue. 220 million dollars will be invested in Karachi Gate while 130 million dollars will be paid under the condition agreement. This regulator will be brought soon, property breakthrough is happening in Pakistan, let the country move forward, UAE is also investing in railways, infrastructure and other sectors, they will not spare any employee. More development is taking place in our region, China, Bangladesh, India and the Middle East are examples of this, the development in America and Europe is slow, the growth rate in China and our region is more than 8%, the development of Pakistan The pace of foreign investment in Pakistan is slow, but the foreign investment in Pakistan is increasing. In the last nine to ten months, the Pakistan Stock Exchange has become the best exchange in the world and because of this, the security of our borders has improved. CEO Fujairah Terminals, AD Ports Group. Abdul Aziz Al Balushi said that we are expanding our scope in Pakistan, there will be progress in terms of investment and supply chain, Karachi port is the future of Pakistan, Pakistan is on our priority list in the region. Trade Development Authority Pakistan Chief Executive Officer Zubair Motiwala also addressed the event while Secretary Ports-Wishing Iram Anjum Khan, Khurram Aziz Khan, Chairman KPT Syedin Raza Zaidi, President Karachi Chamber Iftikhar Sheikh were also present.