KUWAIT CITY: Finance Minister Dr Abdul Hafeez Shaikh has expressed confidence that Pakistan’s economy would be back on track soon, despite the recent floods that hampered government’s efforts to deal with the slowdown.
Shaikh met with prominent members of the Pakistani community at a dinner hosted by Pakistan’s Ambassador to Kuwait Iftikhar Aziz on Monday. The finance minister is on a two-day visit to Kuwait leading a delegation which attended the third session of the Pakistan-Kuwait Joint Ministerial Commission (JMC).
During the meeting, he spoke about various measures being taken by the government to improve financial and economic conditions. He expressed the hope that due to the implementation of strict fiscal measures, the government would be able to revive the economy.
Shaikh also met with Kuwait’s Minister of Commerce and Industry Ahmad Rashed Al-Haroun during the JMC meeting. They discussed ways of enhancing cooperation in trade, commerce and investment and also in the fields of oil and gas, mining, agriculture and infrastructure.
Later, the two ministers signed the minutes of the JMC meeting. At the ceremony, the two sides expressed their commitment and desire to forge closer multifarious links between the two governments. They also expressed satisfaction over JMC proceedings and its decisions.
Earlier, the finance minister also met with the heads of prominent business organisations in Kuwait. These meetings focused on enhancing trade and investment relations between the two countries. The minister highlighted the conducive investment climate in Pakistan and asked Kuwaiti investors to avail of opportunities.
“We feel Pakistan has a lot of investment opportunities that are available for Kuwaiti investment houses and the private sector, particularly in areas like petroleum, agriculture and infrastructure. We have a growing population and have high demand for electricity, telecommunications, ports and logistic services,” he said.
Published in The Express Tribune, January 18th, 2011.
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