Islamabad: Prime Minister Muhammad Shehbaz Sharif held an important meeting with an 8-member delegation from the International Free Zones Authority (IFZA) of the United Arab Emirates and the Aleria Group on Wednesday. The meeting, which took place in Islamabad, witnessed the signing of a memorandum of understanding (MoU) between IFZA and the Board of Investment Pakistan for investing in the country’s existing Special Economic Zones (SEZs).
The Prime Minister warmly welcomed the delegation, highlighting the strong, long-standing brotherly relations between Pakistan and the UAE, built over decades. He expressed his satisfaction with the delegation’s decision to invest in various projects within Pakistan’s SEZs and assured them that the government is taking decisive steps to create a business and investment-friendly environment.
“Pakistan offers vast opportunities for investment across multiple sectors, and our government is fully committed to ensuring a favorable environment for foreign investment,” said Prime Minister Sharif during the meeting.
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The UAE delegation, which included IFZA Chairman Martin Gregers Pederson and Aleria Managing Partner Mana Ali Muhammad Hammad Al Shamsi, praised Pakistan’s economic stability under Prime Minister Shehbaz Sharif’s leadership. They emphasized that Pakistan has emerged as the most attractive market for investment in the region, and expressed a keen interest in expanding their investment footprint in the country.
The meeting was attended by a range of senior officials, including Deputy Prime Minister and Foreign Minister Ishaq Dar, Minister for Planning Ahsan Iqbal, Minister for Privatization Abdul Aleem Khan, Minister for Information and Broadcasting Attaullah Tarar, Special Assistant Tariq Fatemi, and other relevant officials from the Pakistani government.
The MoU between IFZA and the Board of Investment Pakistan marks a significant step toward enhancing bilateral economic cooperation and attracting further investment into Pakistan’s rapidly developing special economic zones.
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