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Pakistan appoints honorary investment counsellor in UAE
ABU DHABI — The Government of Pakistan has appointed Raza Jafar, a known business leader of Dubai, as Honorary Investment Counsellor in the UAE, with immediate effect.
The notification of his appointment was issued by Ministry of Privatisation and Investment, Board of Investment, the other day and he took over his assignment at a high profile ceremony held at thePakistan consulate, which was attended by Shaikhs, top business leaders and diplomats. Raza Jafar told Khaleej Times that a high-profile 'Pakistan Investment Conference' would take place in Dubai, next month, in which key government decision makers and leading investors will speak of the available business opportunities in the areas of privatisation, portfolio investment, industry, agriculture, mining, IT and other sectors.
" We have also plans to encourage the Pakistani business community to invest in the UAE, which has huge potential not only in real estate but in industry, trading and other sectors," he said. He said that his top priority would be to resolve obstacles being faced by the international investors in Pakistan. Jafar went on to say, "Pakistan is witnessing an increased flow of foreign investment, in which the UAE plays an important role. We have seen banking, real estate, telecommunications and energy investments into Pakistan in recent times, and I am certain that we can add greater value to these investments and increase their forward momentum."
Raza Jafar's past experience includes private sector business in the UAE and Pakistan. He has also been involved with the UAE Government as an investment development adviser in Sharjah. Since, the UAE is one of the largest foreign direct investors in Pakistan, the government of Pakistan acknowledging the fact decided to intensify its efforts to focus on investors, by providing them with latest business updates. The Honorary Investment Counsellor role will be to provide guidance and support for the investments to and from Pakistan.
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