Exploring investment: PM expected to visit UAE in a couple of weeks

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Prime Minister Shehbaz Sharif is scheduled to visit the United Arab Emirates UAE in the upcoming weeks, with key discussions focusing on investment opportunities across various sectors, Pakistan’s financial issues, and the pending payment related to PTCL.

 This visit follows recommendations from Pakistan's Finance Ministry for the creation of a Joint Investment Fund. This fund would be financed by seven country-specific joint investment companies. Ernst & Young has already provided a feasibility report for this initiative.

While the respective boards of these companies have generally agreed to establish the Joint Investment Fund, the CEO of the Pak-Iran Joint Investment Company has not given consent due to existing sanctions on Iran. 

Additionally, a feasibility study has proposed certain exemptions to ensure the Fund's sustainability, and the Federal Board of Revenue (FBR) has been approached to facilitate these exemptions.

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