PM Kakar urges UAE investors to explore Pakistani market

Anwaar-ul-Haq Kakar – the Caretaker Prime Minister of Pakistan – has urged the UAE investors to explore the Pakistani market for new avenues and enhance economic and commercial ties with Pakistan. 

According to the media reports, Caretaker Prime Minister Anwaar-ul-Haq Kakar expressed his views during an exclusive interview with Gulf Today. He said there are numerous investment opportunities available in Pakistan for UAE investors.

Anwaar-ul-Haq Kakar stated on the occasion that Pakistan enjoys a very historic, cultural, and fraternal relationship with the UAE. The two countries could further enhance this cooperation in areas such as agriculture, energy, mining, IT, logistics, and defense. He said Pakistan is planning a comprehensive investment promotion strategy in major countries including the UAE.

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“Pakistan Investment Road Show, organized by the Special Investment Facilitation Council (SIFC) in Dubai, attracted a large number of global businessmen and investors. He said the officials of SIFC held extensive engagements with global investors, highlighting the immense potential and investment opportunities in Pakistan,” he said adding that utilizing the platform, 30 Pakistani firms presented their project proposals and growth strategies encompassing various domains including Agriculture, IT and Energy. 

Responding to a question, PM Kakar said Pakistan wholeheartedly appreciates the efforts of the UAE government in hosting the COP28. About the problem faced by climate change, he stated that all impacted countries must urgently shift to Climate Adaptation. He claimed that this decade is critical for climate action. Failure to act immediately will result in enormous damage. He stated that implementing the pledges is critical and that outlining the means of execution is critical.

The Caretaker Prime Minister added that we must adopt a framework based on a rapid energy transition and consensus on climate financing goals. He stated that developing countries will require approximately 2.4 trillion dollars in yearly investment by 2030, with a focus on adaptation, resilience, and loss and damage mitigation.