UAE’s $10bn funding is testomony to business-friendly insurance policies: Jam Kamal

ISLAMABAD: Federal Minister for Commerce, Jam Kamal Khan mentioned right here on Friday that the United Arab Emirates’ (UAE) announcement to speculate $10 billion in Pakistan was a big endorsement of the federal government’s financial reforms and confidence-building measures.

The minister was addressing a press convention together with Federal Minister for Info and Broadcasting, Attaullah Tarar.

He attributed the historic funding to Prime Minister Shehbaz Sharif’s tireless efforts to deal with points affecting the enterprise group and traders over the previous two months.

The federal government has taken steps to resolve points associated to tariff, vitality disaster, aggressive pricing, income targets, remittances, and constructing confidence amongst native and worldwide traders, the minister mentioned.

The prime minister’s go to to the UAE yesterday resulted within the $10 billion funding announcement by UAE President Sheikh Muhammad bin Zayed Al Nahyan, he added.

Minister Kamal highlighted that this funding was unprecedented and might be utilized in areas recognized by Pakistan.

To a query on commerce with India, the minister mentioned that Pakistan would preserve its stance on core points like Kashmir, which is crucial for the nation, including it might not compromise on its core points and can solely transfer ahead on commerce when these are addressed.

The minister expressed confidence within the authorities’s efforts to enhance the financial system, generate income, and create jobs, with preparations already underway.