Mashallah. God bless the UAE for their continued investment in Pakistan.
Pakistan has never had it so good with regards to foreign investment and Unprecedented Economic Growth that it has seen during the past eight years. Long may it continue.
** ISLAMABAD (March 27 2008): The UAE envoy in Islamabad Ali Mohammed Al-Shamsi said on Wednesday that the Emirates has set the target of $100 billion investment in Pakistan. He, in a statement, said that his country wants stability and progress in Pakistan and assures its full co-operation for building strong economic and trade partnership for the mutual benefit of both the countries.
The envoy said that Pakistan’s promising market and its potentials under conducive environment would encourage the UAE companies both public and private for investment target of $100 billion in Pakistan. The UAE investment, at present, stands at $20 billion with assets and projects for Karachi to the tune of $50 billion.
“This is a clear message which indicates the determination and will of the UAE to build a unique economic partnership between the two brotherly countries,” said Al-Shamsi, in a statement.
He said the leaders of the United Arab Emirates have expressed their desire to upscale the political and economic relations to the highest level while extending their congratulations to Syed Yousef Raza Gillani on his election as prime minister wishing him success in his new assignment.
Re: UAE sets $100 billion investment target in Pakistan.
Any ideas which sector they are going to invest in? Is it going to be real estate again?
Ehtasab bhai..they really don't invest anything in Pakistan...they just lend their name...the profit is for them...and if the things don't work out the losses are for the Pakistani partners...it's not any foreign investment...it's just a fiasco..
Re: UAE sets $100 billion investment target in Pakistan.
its a PR stunt by UAE,they are getting good at it,I know for fact that Dubai sheikh hates pakistan and he tried so hard for us not to have gawadar. I wish that I am still alive so I can see the Dubai go down
Re: UAE sets $100 billion investment target in Pakistan.
Arabs hate people of the subcontinent...the blood and sweat of the very people that built their glissening towers of glass. I hope to see Dubai go down. God I hate the Arabs!!! and we Pakis quickly start giving them gods blessings!
Re: UAE sets $100 billion investment target in Pakistan.
[quote] The UAE investment, at present, stands at $20 billion with assets and projects for Karachi to the tune of $50 billion.
[/quote]
The UAE has invested records amount in Pakistan over the last 5-6 years, in fact I believe they are our biggest foreign investor. So the pledge to invest even larger amounts is very good news for Pakistan.
Re: UAE sets $100 billion investment target in Pakistan.
The UAE has invested records amount in Pakistan over the last 5-6 years, in fact I believe they are our biggest foreign investor. So the pledge to invest even larger amounts is very good news for Pakistan.
You are right,these Arabs are investing in KHI cause they know soon it wont be part of PAK
Re: UAE sets $100 billion investment target in Pakistan.
Ehtasab bhai..they really don't invest anything in Pakistan...they just lend their name...the profit is for them...and if the things don't work out the losses are for the Pakistani partners...it's not any foreign investment...it's just a fiasco..
This might be correct. I see that Jomaih Group has thrown KESC down the drain.
Besides, most of their investment is in real estate, which is not really helpful to a country's economy.