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Mr. Zahid Hamid Federal Minister for Privatisation & Investment appreciated
the role of Pak-Kuwait Investment Company and other Kuwaiti investors in
promoting industrial activities in Pakistan. He said that Kuwaiti Business
Groups/ investors would be facilitated to invest in any sector of their
choice. Business groups of both the countries should sit together to identify
new avenues for enhancing the existing economic relations. Mr. Zahid Hamid
stated this in a meeting with the visiting Finance Minister of Kuwait Mr.
Bader Mishari Al-Humaidi here today.
The Minister briefed the envoy regarding Pakistan's investment privatisation,
and its policy, process and program. He said that there was a need to
accelerate efforts to further strengthen our close brotherly relations and
increase commercial interaction, including investment and trade. Pakistan is
the most promising area in the region for local and foreign investors for
business activity in almost all the sectors. Pakistan would continue to
provide new investment avenues with liberal incentives for the private sector
in the region, he added.
Finance Minister of Kuwait Mr. Bader Mishari Al-Humaidi appreciated the
economic performance of Pakistan and the investor friendly climate and said
that Kuwaiti Business groups /Companies were keen to explore opportunities for
investment in various sectors. A full fledge team of Kuwaiti Business groups
and investors would soon visit Pakistan to identify the areas of interest.
There was a need to increase the number of flights and carriers to and from
Pakistan to Kuwait, he said.
Leaders of both brotherly countries were determined to bring the people and
governments still closer and to strengthen their existing relations through
accelerating the pace of economic cooperation and interaction, he added.