Finance Minister Calls Pakistan-UAE Relations Strategic

Finance Minister Muhammad Aurangzeb on Monday described Pakistan-UAE relations as longstanding and strategic as International Foodstuffs Firm (IFFCO) expressed interest in expanding its investment in Pakistan.

Key points

• Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
• Add as a preferredSource on Google Follow on Google News Join WhatsApp.
• The Finance Minister appreciated IFFCO's longstanding investment in Pakistan and its contribution to the food and manufacturing sectors, including employment, local production and allied industries.
• The IFFCO delegation briefed the minister on the group's global operations and its presence in around 50 countries.
• IFFCO remarked Pakistan remains an notable market and reaffirmed its intends to expand its business and investment in the country.

Aurangzeb created the remarks during a gathering with an IFFCO delegation led by Global Group Director Abdelghani Abdullah and IFFCO Pakistan CEO Arshaduddin Ahmed at the Finance Division on Monday.

For context, the Finance Minister appreciated IFFCO's longstanding investment in Pakistan and its contribution to the food and manufacturing sectors, including employment, local production and allied industries. ECC Approves Extra Rs. 3 Billion to Purchase More Bulletproof Cars.

Meanwhile, the IFFCO delegation briefed the minister on the group's global operations and its presence in around 50 countries. The UAE-headquartered firm operates throughout food manufacturing, edible oils and fats, confectionery, dairy, agriculture, poultry and animal nutrition.

For context, the delegation additionally shared details of IFFCO Pakistan's operations. The firm has been operating in Pakistan since 2006 and has invested around $100 million, expanding from one oil and fats refinery to two refineries and five manufacturing sites.

Its operations have additionally expanded into seed crushing, animal nutrition and feed mills, supporting local employment and value addition.

IFFCO remarked it sees further opportunities in Pakistan's food and industrial sectors and wants to grow alongside major businesses in the local market. Petrol Crosses Rs. 380 per Litre After 6th Major Rise.

Aurangzeb welcomed the planned expansion and remarked the administration would continue supporting existing investors and efforts to promote new investment, industrial expansion, employment and local value addition.

Notably, the Finance Minister additionally appreciated the UAE Embassy's backing in strengthening economic and commercial ties between the two countries and expressed confidence that bilateral investment and trade cooperation would continue to grow. Stay Connected with ProPakistani.

Obtain the latest business news, market insights, and economic updates wherever you prefer. Follow on Google Discover.

Taken together, the developments around finance Minister Calls Pakistan point to a situation that is still moving, and the coming days should bring more clarity.