Pakistani investment minister said that Pakistan is emerging country in real estate foreign investment program

The Pakistani Minister of Investment, Senator Wakar Ahmed Khan, said that the UAE and foreign investments are safe in Pakistan, especially in light of the dispute in the Swat region of Pakistan, in response to a question on the «statement» on the measures taken by the Pakistani government to reassure investors and UAE companies investing in Pakistan Pakistan is committed to providing a stable investment environment for domestic and foreign investors, and the Pakistani government is taking measures to ensure the protection of investments and the interests of investors in the country. Rh investment in 2008 to facilitate all fields.

The Pakistani minister revealed to the «statement» that the UAE investments in Pakistan exceeded 400 million dollars of total foreign investments, which amounted to a total of 6 billion dollars last year Khan revealed that Pakistan plans to legislate a package of investment laws that set the stage for a typical investment climate, To attract foreign direct investment of $ 5 billion to its territory by the beginning of 2009.

And seeks to reach them to 10 billion dollars in the fourth quarter of this year amid indications that this figure exceeded successfully compared to what has been achieved so far. The Pakistani minister predicted that the largest flow of foreign investment to Pakistan will come from the Gulf region, followed by Korea, China and the United States.

The Pakistani minister said that the Pakistani labor remittances in the UAE recorded a total of 36.1 billion dollars in the last eight months, while it was recorded $ 02.1 billion in 2008, the minister described Pakistani workers and members of the Pakistani community and the Pakistani business community where there are 6,000 businessmen Pakistanis are living and working in the UAE as ambassadors of Pakistan in the UAE and urged them to cooperate with the Pakistani government to discuss investment opportunities available in Pakistan as well as exploring new investment opportunities in the country.

Al-Bayan asked the Pakistani minister about the validity of recent reports of the postponement of the Abu Dhabi-based Abu Dhabi-based International Petroleum Investment Company (IPIC) plans to set up a refinery in Pakistan with a production capacity of 250,000 barrels per day and stressed that the project is still in place. Refinery in Koun oil that the project may be delayed due to decisions regarding their international funding.

Speaking about the direction of Etisalat to raise its stake in the Pakistani market, the minister asked whether there were ongoing talks between the Pakistani government and Etisalat to give it a chance to own a 50 percent stake in Pakistan Telecom. Etisalat has 26 percent of its shares. "The door is open and Pakistan welcomes the raising of Etisalat's stake in Pakistan, especially as the Pakistani government now has the largest stake in Pakistan Telecom and will assess the value of those shares and then report on that," he said.

During a press conference held at the Dubai International Financial Center (DIFC), Khan reviewed the investment opportunities available in Pakistan, particularly in the infrastructure, energy, oil and gas, water, cooperative agriculture, food, telecommunications, He focused on the government's quest for further development and modernization of security and stability standards in the country.