Minister and Commerce Minister emphasize investment over aid

In a recent press conference in Islamabad, the Minister, along with Commerce Minister Jam Kamal, emphasized the country's shift towards investment and trade over loans or grants. This strategic move follows Prime Minister Shehbaz Sharif's visit to the UAE to meet with President Sheikh Mohamed bin Zayed Al Nahyan, with the aim of attracting investments to Pakistan. It was made clear to the UAE that Pakistan is not seeking aid but rather seeking to strengthen its economy through bilateral cooperation.

The establishment of the Special Investment Facilitation Council (SIFC) was highlighted as a crucial step in attracting investments to Pakistan. Despite facing criticism, the minister defended SIFC, stressing its significance in overcoming economic challenges. The collaborative efforts of PM Shehbaz and army chief General Asim Muneer in forming the council are viewed as essential in preventing financial default.

The UAE government's confidence in Islamabad was reaffirmed, citing diplomatic achievements as proof of Pakistan's capabilities. The government's dedication to creating a welcoming environment for foreign investors was reiterated, with SIFC being hailed as a vital asset for Pakistan's economic growth.

Commerce Minister Kamal commended PM Shehbaz's historic visit to the UAE, emphasizing the efforts to boost economic development and attract foreign investments. The contribution of Pakistan's business community in driving economic progress was acknowledged, with ongoing discussions focusing on projects in sectors like energy and trade.

The recent developments between Pakistan and the UAE signal a promising shift towards economic growth through investment and trade partnerships. With a strong emphasis on collaboration and strategic initiatives like the SIFC, Pakistan is poised to enhance its economic stability and attract foreign investments, ultimately benefiting its citizens and fostering sustainable development.