UAE to invest further in Pakistan : Sheikh Nahyan
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KARACHI (APP) : United Arab Emirates' (UAE) Minister for Culture, Youth Affaris and Social Development, Sheikh Nahyan bin Mubarak Al Nahyan on Monday said that his group of companies'investment in Pakistan is dollars six billion and more investment will continue in various sectors.
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" Our investment portfolio stands at $ 6 billion and further investment will be done in all sectors," UAE Minister said while speaking at a Gong ceremony at Pakistan Stock Exchange (PSX) here.
At Gong ceremony, a big bell is striken with a hammer to start daily trading in PSX.
UAE's Minister was leading his five-member official delegation.
Chairman PSX Muneer Kamal and its Managing Director Nadeem Naqvi, Chief Executive Officer of Bank Alfalah Atif Bajwa besides a number of brokers were present.
Pakistan is not only a trusted friend but a strategic partner of his country. It had always extended strong support to UAE and Pakistanis, who are a great nation, had contributed a lot in his country's social and economic development, she said.
Sheikh Nahyan expressing his sentiments said Pakistan was the second home to him like UAE for thousands of Pakistanis pursuing their career there in different fields. Both the countries would continue to explore ways for strengthening their cooperation on social and economic fronts.
" Pakistan is a great country and we have great relationship," he reaffirmed.
He praised the role of Pakistan in combating terrorism and its contribution towards world peace.
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" You are great people and a great nation. You have done a good job," he remarked.
He was optimistic that Pakitan will prosper further.
Chairman PSX Muneer Kamal said Pakistan Stock Exchange had emerged as the best exchange in Asia and was included among the top ten best stock exchanges in the world.
PSX was going for international bidding to offload its 40 percent shares very soon that would further boost this institution.
Due to positive economic indicators, he said Pakistan including reduction in terrorist activities, PSX had become very attractive for foreign investment.
He appreciated that UAE investors made investment in Pakistan even in odd times.
" Your group is expected to play its dynamic role in future as well," he said.
He said UAE's delegation led by the Minister would help find new avenues of mutural cooperation and joint ventures.
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PSX Managing Director Nadeem Naqvi welcomed the UAE delegation and described Sheikh Nahyan bin Mubarak Al Nahyan's visit as previlege to Pakistan Stock Exchange.
On the occasion of UAE's delegation, PSX started with high bullish tendency.
