Islamabad secures $2 bn investment from Pakistani business group in UAE - Arab News

Imran the legend

Chief Minister (5k+ posts)
KARACHI: Overseas nationals are the new front for luring foreign investors to Pakistan with more than $2 billion expected to be pumped into various sectors of the country, according to officials.

“We have arranged meetings with the top officials of Pakistan — including the governor of Punjab — with potential Egyptian, Malaysian and Dutch investors who have solid plans of initially investing $2 billion in Pakistan,” Iqbal Dawood, President of Dubai-based Pakistan Business Council (PBC) told Arab News over the phone on Wednesday.

Soon after assuming office, Pakistan’s Prime Minister Imran Khan had embarked on a maiden visit to Saudi Arabia. The Kingdom responded in kind by extending more than $6 billion toward a bailout package with pledges for additional investments.

Saudi Arabia is expected to sign investment deals worth $15 billion during Crown Prince Mohammed Bin Salman’s upcoming visit to the country.

Pakistan is hoping to secure more funds through foreign direct investments after emerging victorious from the grips of terrorism which had wrecked havoc since early 2000. “With the improving law and order situation, the country is gaining the confidence of the international business community,” Professor Dr. Athar Ahmed, an expert on international marketing and image building, told Arab News.

With Saudi investments, other countries are following suit too and are encouraged to explore the various opportunities in Pakistan, professor Ahmed said.

“There are a number of potential investors. Some are Egyptians and Malaysian and Dutch while locals are also on board. Negotiations... are at an advanced level,” Dawood said.

“They want an exchange of delegations with Pakistan for this purpose and we are planning....a visit to Egypt following which there delegation would visit Pakistan,” Dawood said.

Egyptians are keen to invest in Pakistan’s mining sector which lacks modern technology. “They are saying that their technology in marble extraction and finishing is too good. Pakistan uses dynamite for extraction of marble but they have modern equipment which could be utilized to minimize the losses,” Dawood said.

He added that, initially, four to five sectors have been cleared for investment “from our side and now it is upto the government to take up the matter to facilitate them”.

Apart from mining; construction, chemicals, and hospitality are some of the other sectors that the investors have expressed an interest in, Dawood said.

Analysts believe that after the initiation of the multibillion dollar China Pakistan Economic Corridor (CPEC) project, the country is open to foreign investment. “More and more people want to come to Pakistan but we need to handle it in a better manner by taking confidence-building measures and offering them lucrative incentives,” Ahmed said.

PBC Dubai consists of a large group of Pakistani businessmen and investors who are based in the UAE. The group is dedicated to promoting trade and investments by facilitating direct interaction between dignitaries from the public and private sectors of the UAE, Pakistan and other countries.
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miafridi

Prime Minister (20k+ posts)
Good but we also need to improve our tax collection by diversifying the tax net so that we can sustain our economy on our own.
 

islamabadi

Minister (2k+ posts)
Here is another reason why this governmentis a joker:

PM asks for DAM fund from Pakistanis in Europe and USA and asks for 1000 dollar per head
PM launches Pakistan banao certificates in Dollars for Pakistanis in Europe and USA

In reality it is the Pakistanis from Middle East which form over 70% of the diaspora and it is the Pakistanis of Middle East which send ove 75% of the remittances and it is the Pakistanis of the Middle East which are brining over 2 billion in foreign investment according to this article. Check karo inn khoton PTI ka dimaagh.....Investment/Diaspora.paisa middle east mein hai aur ye ullu k pathey PM dam fund aur Pak Banao certificates market kar rahen hen USA aur Europe mein. Ullu k pathey
 

iftikharalam

Minister (2k+ posts)
Here is another reason why this governmentis a joker:

PM asks for DAM fund from Pakistanis in Europe and USA and asks for 1000 dollar per head
PM launches Pakistan banao certificates in Dollars for Pakistanis in Europe and USA

In reality it is the Pakistanis from Middle East which form over 70% of the diaspora and it is the Pakistanis of Middle East which send ove 75% of the remittances and it is the Pakistanis of the Middle East which are brining over 2 billion in foreign investment according to this article. Check karo inn khoton PTI ka dimaagh.....Investment/Diaspora.paisa middle east mein hai aur ye ullu k pathey PM dam fund aur Pak Banao certificates market kar rahen hen USA aur Europe mein. Ullu k pathey
Jahhil na hota tu patwari hota?
Pakistanis in the Middle East are mostly labor, around 90% of them. Drivers, labors, waiters, low paid workers. The highly-paid jobs are secured by people from West, Indians, people from other Arabic speaking countries, and very little goes to Pakistanis.

On the other hand, Pakistanis in the West are wealthier and more skilled. There are over a dozen Pakistani parliamterians in UK, a mayor is of Pakistani origin, their secretary of state is of Pakistani origin. In American, Pakistani doctors have their own very powerful organization that even buy senators to lobby for Pakistan..

But again, agar jaahil naa hota tu patwari hota?
 

islamabadi

Minister (2k+ posts)
Jahhil na hota tu patwari hota?
Pakistanis in the Middle East are mostly labor, around 90% of them. Drivers, labors, waiters, low paid workers. The highly-paid jobs are secured by people from West, Indians, people from other Arabic speaking countries, and very little goes to Pakistanis.

On the other hand, Pakistanis in the West are wealthier and more skilled. There are over a dozen Pakistani parliamterians in UK, a mayor is of Pakistani origin, their secretary of state is of Pakistani origin. In American, Pakistani doctors have their own very powerful organization that even buy senators to lobby for Pakistan..

But again, agar jaahil naa hota tu patwari hota?
Here comes the patwari defender of this bunch of jokers. Paksitanis in west are wealthier? ...well too bad....but they dont contribute as much in remittances. Go and check the remittance figures....I stated FACTS. 75% of remittances are from Middle east NOT UK or europe. Wealth Middle east mein hai....lekin you are licking the boots of western Pakistanis because you are have an inferiority complex with europeans (legacy of the British raj). Who owns thousands of apartments in Dubai? Laborers? Waiters? Low paid workers? What a moron are you. Which Pakistanis are residing are owning the apartments of International City in Dubai ? Waiters? Taxi drivers?

Guess who came to bail out PTI government with billions in loans in last 2 months ? not YOUR WEST.....it was Saudi Arabia...then UAE....then CHina....then Qatar......these are NOT Western countries... freaking patwari

Here is a question for you moron.....if the Paksitanis in west are wealthier as you claim....why do they send such LOW remittances? wealthy bhikaris
 
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iftikharalam

Minister (2k+ posts)
Here comes the patwari defender of this bunch of jokers. Paksitanis in west are wealthier? ...well too bad....but they dont contribute as much in remittances. Go and check the remittance figures....I stated FACTS. 75% of remittances are from Middle east NOT UK or europe. Wealth Middle east mein hai....lekin you are licking the boots of western Pakistanis because you are a mental slave. Who owns thousands of apartments in Dubai? Laborers? Waiters? Low paid workers? What a moron are you. Which Pakistanis are residing are owning the apartments of International City in Dubai ? Waiters? Taxi drivers?

Here is a question for you moron.....if the Paksitanis in west are wealthier as you claim....why do they send such LOW remittances? wealthy bhikaris
Ai abu jehal ki nasal keh insan..
I just proved you wrong that Pakistanis in MIddle East has more money or in US or Europe. Ab bongian naa maar nasli ghulam!
No, 75% aren't and that is because Pakistan has more human resource there working but they are LABORS abu jehal ki nasal. The number is high, but they are labors who spend all of their income to Pakistan. In West, all families mostly migrate to US and Europe, so they don't send much back as they have entire families in the West.
Magar tu aik jaahil, jaahil na hota tu patwari hota? The point is, PAkistanis in West have tons of more money than Middle East where mast are labors.
But as I said, Jaahil na hota tu patwari hota?
 

islamabadi

Minister (2k+ posts)
Ai abu jehal ki nasal keh insan..
I just proved you wrong that Pakistanis in MIddle East has more money or in US or Europe. Ab bongian naa maar nasli ghulam!
No, 75% aren't and that is because Pakistan has more human resource there working but they are LABORS abu jehal ki nasal. The number is high, but they are labors who spend all of their income to Pakistan. In West, all families mostly migrate to US and Europe, so they don't send much back as they have entire families in the West.
Magar tu aik jaahil, jaahil na hota tu patwari hota? The point is, PAkistanis in West have tons of more money than Middle East where mast are labors.
But as I said, Jaahil na hota tu patwari hota?
You didnt asnwer my question patwari....if they are so wealthy and have tons of money then why do they send such less remittances? and according to you the Pakistanis in middle east are laborers then why does this article say that Pakistani Business council of Dubai will invest money in pakistan.....looks like waiters and laborers have formed a business council in Dubai....?

Ja k Birmingham and Manchester k taxis check karo....60% are Pakistanis.....wealthier ki aulaad

And you proved my point....so entire families are in west and they are not interested in sending money....so why are you targeting them? khotey ki aulaad? target the people WHO DO send money to Pakistan (75% of remittances)
 

iftikharalam

Minister (2k+ posts)
You didnt asnwer my question patwari....if they are so wealthy and have tons of money then why do they send such less remittances? and according to you the Pakistanis in middle east are laborers then why does this article say that Pakistani Business council of Dubai will invest money in pakistan.....looks like waiters and laborers have formed a business council in Dubai....?

And you proved my point....so entire families are in west and they are not interested in sending money....so why are you targeting them? khotey ki aulaad? target the people WHO DO send money to Pakistan (75% of remittances)
Ai abu jehal ki nasal keh aakrhri chasmo ciragh!
They dont send much remiitance becasuse they have entire families immigrated to the US or Europe, who will they send remittances to? Khotai! Remiitances apni families k bhaiji jaati hain, jab saari family hi wahan hoo tu tumharai aaba ki ko remiitances bhaiajain gai woh? West offers you immigration, Middle east does not. In Middle east, only labors go, who send their 80% income back to their families...
Oh God!
But again, jaahil na hota tu patwari hota! Not sending back remittance does not mean keh they r not interested in investment. Bohta jaahil hai bhi tu! Magar again, jjaahil no hota tu patwari hota?
 

sher18

Senator (1k+ posts)
Here is another reason why this governmentis a joker:

PM asks for DAM fund from Pakistanis in Europe and USA and asks for 1000 dollar per head
PM launches Pakistan banao certificates in Dollars for Pakistanis in Europe and USA

In reality it is the Pakistanis from Middle East which form over 70% of the diaspora and it is the Pakistanis of Middle East which send ove 75% of the remittances and it is the Pakistanis of the Middle East which are brining over 2 billion in foreign investment according to this article. Check karo inn khoton PTI ka dimaagh.....Investment/Diaspora.paisa middle east mein hai aur ye ullu k pathey PM dam fund aur Pak Banao certificates market kar rahen hen USA aur Europe mein. Ullu k pathey
Why dont you shut up Patwari...Go an worship your Crimnal DON Sharif and his Dakkoo Family.
 

sher18

Senator (1k+ posts)
All over good news. Great job by PM Khan by bringing in huge investments in order to rebuild the economy left in tatters by the Chor Dakoo Zardari Sharif Mafias.

The paid media is in a shock and is not reporting the positive news. hahaa
 

Zainsha

Minister (2k+ posts)
Ai abu jehal ki nasal keh aakrhri chasmo ciragh!
They dont send much remiitance becasuse they have entire families immigrated to the US or Europe, who will they send remittances to? Khotai! Remiitances apni families k bhaiji jaati hain, jab saari family hi wahan hoo tu tumharai aaba ki ko remiitances bhaiajain gai woh? West offers you immigration, Middle east does not. In Middle east, only labors go, who send their 80% income back to their families...
Oh God!
But again, jaahil na hota tu patwari hota! Not sending back remittance does not mean keh they r not interested in investment. Bohta jaahil hai bhi tu! Magar again, jjaahil no hota tu patwari hota?

bhigo bhigo kay maray hain aap ne chittar.. well done.. woh k@nj@r remittances ki baat kar rahay hain.. jinn chamaaron ne chawanni contribute naheen ki Pakistan ki economy main.. khud bhi bhangi unn ka leader Head Bhangi in jail..
 
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