Qureshi invites investment from Kuwait as govt kicks off economic diplomacy initiative

Published May 19, 2019
Foreign Minister Shah Mahmood Qureshi, who is on a two-day visit to Kuwait, said that Pakistan gives "much importance" to its bilateral relations with the Gulf country, Radio Pakistan reported on Sunday.
— Photo courtesy Radio Pakistan
Foreign Minister Shah Mahmood Qureshi, who is on a two-day visit to Kuwait, said that Pakistan gives "much importance" to its bilateral relations with the Gulf country, Radio Pakistan reported on Sunday. — Photo courtesy Radio Pakistan

Foreign Minister Shah Mahmood Qureshi, on a two-day visit to Kuwait on Saturday, invited businessmen to invest in Pakistan as the government kicks off an economic diplomacy drive, Radio Pakistan reported.

Qureshi, who left for Kuwait on Saturday, met his counterpart Sabah Al Khalid Al Sabah at an Iftar dinner held in his honour yesterday.

The foreign minister highlighted Kuwait's support to Pakistan in "every critical situation", and assured Al Sabah that Pakistan and its people also respect the people and government of Kuwait. Qureshi asserted that Pakistan gives "much importance" to its bilateral ties with the Gulf nation.

The Kuwaiti foreign minister appreciated the services of the "brave and hard-working" Pakistani diaspora in Kuwait.

While meeting with a delegation of prominent Kuwaiti businessmen, Qureshi revealed that the government has initiated economic diplomacy and directed all embassies to inform all foreign investors of business opportunities in Pakistan and to convince them to invest in the country, Radio Pakistan reported.

The foreign minister apprised the businessmen of the government's agenda for the development of business infrastructure, adding that the government wants Kuwaiti companies to invest in Pakistan and assist them in the accomplishment of this agenda.

He noted that several companies from the Gulf country had already been successful in conducting business in Pakistan, and assured the delegation that Pakistan is providing all possible facilities to foreign investors, Radio Pakistan reported.

Qureshi reiterated the government's desire to increase foreign investment in Pakistan while speaking to a delegation of the Abu Shaibah Group of Companies, which was led by its chairman, Sayyah Abu Shaibah.

He said that there are "vast investment opportunities" in Pakistan in the energy, agriculture, health, education and construction fields for foreign investors and added that the investment of Kuwaiti companies would be welcomed.

"The Kuwaiti delegation indicated their intent to bring massive investment in Pakistan in [the] near future," Radio Pakistan reported.

Opinion

Editorial

Last call
Updated 15 Nov, 2024

Last call

PTI should hardly be turning its "final" protest into a "do or die" occasion.
Mini budget talk
15 Nov, 2024

Mini budget talk

NO matter how much Pakistan’s finance managers try to downplay the prospect of a ‘mini budget’ to pull off a...
Diabetes challenge
15 Nov, 2024

Diabetes challenge

AMONGST the many public health challenges confronting Pakistan, diabetes arguably does not get the attention it...
China security ties
Updated 14 Nov, 2024

China security ties

If China's security concerns aren't addressed satisfactorily, it may affect bilateral ties. CT cooperation should be pursued instead of having foreign forces here.
Steep price
14 Nov, 2024

Steep price

THE Hindu Kush-Himalayan region is in big trouble. A new study unveiled at the ongoing COP29 reveals that if high...
A high-cost plan
14 Nov, 2024

A high-cost plan

THE government has approved an expensive plan for FBR in the hope of tackling its deep-seated inefficiencies. The...