naeemomer
1st May 2008, 02:40
ISLAMABAD: The UAE is all set to establish oil refinery in Pakistan to further accelerate economic interaction.
Ali Mohammed Al Shamsi Ambassador of the UAE to Pakistan stated during a meeting with Federal Minister for Privatisation, Investment, Ports, Shipping, Industries and Production Syed Naveed Qamar here Wednesday.
The envoy assured full support of the UAE to further promote the private sector and the UAE government's investment in Pakistan in the fields of energy, petrochemical and real estate sectors.
In order to encourage farmers, the UAE was planning to establish an agriculture bank to improve quality control of rice, wheat, vegetables and other agricultural products through financing, he added.
Qamar said Pakistan provided tremendous investment opportunities to all investors in every sector of economy with liberal investment policy and unmatchable incentives in the region with a level playing field.
He informed the envoy that the government was planning to sell a specific quantity of shares of Habib Bank Limited (HBL) to the institutions through block sale while Expressions of Interest have been invited for privatisation of SME Bank. "We were in the process of prioritising our Privatisation Programme, which would be announced soon," he stated.
Corporate News (http://thepost.com.pk/CorpNewsT.aspx?dtlid=158590&catid=8)
Ali Mohammed Al Shamsi Ambassador of the UAE to Pakistan stated during a meeting with Federal Minister for Privatisation, Investment, Ports, Shipping, Industries and Production Syed Naveed Qamar here Wednesday.
The envoy assured full support of the UAE to further promote the private sector and the UAE government's investment in Pakistan in the fields of energy, petrochemical and real estate sectors.
In order to encourage farmers, the UAE was planning to establish an agriculture bank to improve quality control of rice, wheat, vegetables and other agricultural products through financing, he added.
Qamar said Pakistan provided tremendous investment opportunities to all investors in every sector of economy with liberal investment policy and unmatchable incentives in the region with a level playing field.
He informed the envoy that the government was planning to sell a specific quantity of shares of Habib Bank Limited (HBL) to the institutions through block sale while Expressions of Interest have been invited for privatisation of SME Bank. "We were in the process of prioritising our Privatisation Programme, which would be announced soon," he stated.
Corporate News (http://thepost.com.pk/CorpNewsT.aspx?dtlid=158590&catid=8)