Pakistan-UAE discuss trade and investment

Observer Report

Adviser to the Prime Minister on Commerce and Investment, Abdul Razak Dawood chaired a meeting with British American Tobacco (BAT) in the UAE. Fareena Mazhar also participated in the meeting as the Secretary, Board of Investment (BOI).

The advisor and the secretary mentioned that Expo 2020 Dubai has brought 192 nations together showcasing that nothing is impossible, and all nations, especially the regional economies can benefit from it.

The chair acknowledged BAT’s contributions to Pakistan, being the top multinational in the country and appreciated PTC’s (a subsidiary of BAT in Pakistan) significant contribution in creating export opportunities for Pakistan.

He assured the Area Director BAT of his and the Secretary’s full support in further facilitating exports. Dawood further elaborated on the fact that Pakistan can utilize the green energy usage pioneered at the expo and further Pakistan’s go green campaign.

He also talked about Pakistan’s progression towards prosperity and economic growth which is synonymous with BAT’s ‘A Better Tomorrow’ global corporate propose.

Syed Javed Iqbal, Area Director for BAT Middle East & South Asia acknowledged that Pakistan is a resilient and ambitious nation characterized by improved ratings over several indices such as human development, transparency, technology and exports.

He appreciated the relentless efforts by the government of Pakistan to make the country more business friendly.

While talking about the exports, Iqbal shared that estimated USD 100mn worth of exports in the next few years will further improve investment climate in the country.

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