Punjab Government offers incentives to UAE as it shows interest in Pakistan's SEZs

The Punjab government offered incentives to the UAE ambassador for Emirati investment in its special economic zones.

On Friday, the Punjab Chief Minister Sardar Usman Buzdar, Punjab Governor Chaudhry Muhammad Sarwar, and Punjab Assembly Speaker Chaudhry Pervez Elahi met the UAE ambassador to Pakistan, Hamad Obaid Al-Zaabi, in Lahore.

Currently, the Punjab province leaders are looking to establish 13 special economic zones and industrial estates. Thus, cooperation in different departments was discussed during the meeting. To move forward with the development, the Punjab Chief Minister invited UAE investment in the special zones and the Ravi River project – the establishment of a new city near the Ravi River in Lahore.

The Punjab government offered incentives to the UAE ambassador for Emirati investment in its special economic zones. Talking about these ‘special facilities’, Usman Buzdar said:

\\’\\’UAE investors will be welcomed in Punjab. Cooperation with the UAE in Pakistan’s construction and development (sectors) is commendable.\\’\\’

It should be noted that earlier this year, the groundbreaking of the Allama Iqbal Industrial City special zone in Faisalabad took place. Last month, Quaid-e-Azam Business Park was launched in Sheikhupura. Usman Buzdar commented on further special zone development and said:

The foundation stone for the third special zone will be laid soon in Bahawalpur.

Following this, Al-Zaabi invited the Punjab Chief Minister to visit UAE.

In another news, earlier this month, Pakistan’s Minister for Shipping, Syed Ali Haider Zaidi, met with the officials from a top UAE company, DP World. The company specializes in free trade zones, port terminal operations, maritime services, and cargo logistics. After the meeting, Syed Ali Haider Zaidi announced:

UAE has expressed interest in investing in development projects in Pakistan.

https://www.youtube.com/watch?v=mroErBSqTzA

What are your thoughts on this? Please share with us in the comment section below.

  • What if UAE bring Israeli spies with them to pinpoint the location of our military defences to assist India? Please stop trade with countries that pose a threat to our national security and sovereignty, for the love of Allah, we dont need the money that badly!!


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