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UAE investors to invest in cement, steel sectors in Pakistan

Sep, 14 2012

(UAE/Pakistan)  --  UAE investors are planning to invest in Pakistan in different sectors of economy including cement and steel sectors.

The Chairman of Zarooni Group of Companies, Faisal Mohammad Abdul Karim Al Zarooni, said that UAE is the second largest investor in various sectors of Pakistan including banking, real estate, energy, infrastructure, telecommunications, ports, housing and aviation.

He also said that the raw material imported from Pakistan was cheaper than the raw material available from China. Therefore, the UAE investors are giving preference to Pakistan.

Speaking on the occasion, the LCCI President Irfan Qaiser Sheikh said that the trade relations between the two countries, United Arab Emirates and Pakistan, are further expanding with the passage of time. He also said that the Pakistan government has evolved a comprehensive strategy for rapid economic development and special emphasis has been laid on development in various sectors including livestock, education, health, communications and information technology.

He said that Lahore Chamber of Commerce and Industry would be more than willing to facilitate all the UAE investors if they plan to invest in any new venture in Pakistan.

By: Rashmi Kalia (ARI-C NEWS)

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