• About us
  • Community
  • Terms
  • Privacy
  • Contact Us
Sunday, June 26, 2022
  • Login
Dubai News TV - Dubai News
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
  • Home
  • UAE
    • Dubai
    • Sharjah
    • Abu Dhabi
    • Ajman
    • Ras Al Khaimah
    • Fujairah
    • Umm Al Quwain
  • REGION
    • Asia
    • South Asia
      • Pakistan
      • India
      • Bangladesh
      • Afghanistan
    • Middle East
    • GCC
    • MENA
    • Europe
    • Africa
  • Business
    • Global Business
    • Local Business
    • Markets
  • REAL ESTATE
  • Expo 2020
  • Meet The CEO
  • Horoscope
  • PR
  • more
    • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
No Result
View All Result
Dubai News
  • Top News
  • UAE
  • REGION
  • Business
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
  • PR
  • Sports
  • Tech
  • Video Posts
Home REGION South Asia Pakistan

Pakistani province signs 17 deals in Dubai to attract UAE investments

by News Desk
November 22, 2021
in Pakistan, Top News
Reading Time: 7 mins read
829 17
A A
pakistani province signs 17 deals in dubai to attract uae investments
12.1k
VIEWS
Share on FacebookShare on Twitter

The Pakistani Punjab on Sunday signed 17 deals worth more than $1 billion to attract foreign investment, build infrastructure and promote hospitality and tourism in the province.

The memorandum of understandings (MoUs) were signed at the Punjab International Business Conference in Dubai where the UAE and Pakistani groups pledged to invest in special economic zones and industrial cities across the province.

Out of the 17 deals, the Ravi Urban Development Authority (Ruda) managed to win trust of the investors to erect the first vertical city of Pakistan in Lahore costing $9 billion by 2035. It will collaborate with Dubai Sustainable City to develop a similar infrastructure at a 46km-long riverfront development, the world’s largest. It is also working on Masdar sustainable business model and will incorporate some of its key features in the development.

Imran Amin, chief executive of Ruda, signed a number of deals with Dreamworld Limited Company, Mastercard Asia/Pacific Pte Ltd, the Sustainable City Ravi Investment Limited and the SS International Dubai for the development of a theme park, digital payment ecosystem for Ravi City, development of innovation city, industrial park and a number of other development initiatives.

RelatedPosts

Dubai: Luxury property set to double its market share in 2022

Russia to send Belarus nuclear-capable missiles within months

Taliban call for unfreezing of bank funds after deadly earthquake

“We want to replicate the success of Dubai business model in Pakistan,” Amin told Khaleej Times.

Connecting 3B people market

Punjab Finance Minister Makhdoom Hashim Jawan Bakht, who delivered the keynote address, said Pakistan is an attractive investment destination and a large market endowed with a rich array of resources.

“Pakistan today is a country of over 220 million resilient and enterprising people. Our predominantly young population is imbued with immense energy and creativity. Our other endowments include a vast pool of skilled human resources, a large agrarian base, tremendous tourism potential, diverse mineral wealth, and a developed IT infrastructure,” Bakht said.

He said Pakistan enjoys a strategic location on Asia’s premier trade, energy and transport corridor and is the gateway to the energy-rich Central Asian States, and the economically advanced Far Eastern economies.

“Under the China Pakistan Economic Corridor (CPEC), the key regional initiative for connectivity and shared prosperity of nations, Pakistan stands at the intersection of three engines of growth in Asia, South Asia, China, and Central Asia and is uniquely positioned to become a hub to connect a market of over 3 billion in these regions,” Bakht said.

Promoting SEZ, industrial zones

Minister of Industries, Commerce, Investment, and Skill Development Department of Punjab Mian Muhammad Aslam Iqbal, who hosted the conference on behalf of Punjab Chief Minister Usman Buzdar, said the government is revamping special economic zones and industrial estates through attractive incentives, optimal locations, dedicated infrastructure, business-friendly regulatory regime and participation of the private sector in development, marketing and operation.

“The development budget of the department increased six times from Rs2 billion to Rs12.5 billion to enable 30 new schemes. Because of the fast pace at which the industries department is executing projects, the budget has already been used and we may require supplementary budget to execute the new projects already in the pipeline,” the minister said.

He said 10 new cement plants have been established while six are in the pipeline. He said there were 24 small industrial states already while 12 new industrial states including surgical city in Sialkot, and small industrial state in Gujrat and Jhang have just been established to facilitate overseas investors.

“The industrial landscape of Punjab is rich and diverse. Major manufacturing activities, including textiles, leather, sports goods, surgical instruments, electrical appliances, cement and ceramics etc. take place in Punjab,” the minister said.

The minister announced two new initiatives to promote and facilitate investments and the growth of start-ups in the province. It includes an investment portal, an online resource centre that is being launched to aid investors and businesspeople in Pakistan and abroad. He also announced to set up the UAE Help Desk to attract investment to Punjab from the UAE business community.

Earlier, the Ambassador of Pakistan to the UAE Afzaal Mahmood, CEO of the Punjab Board of Investment and Trade Dr Erfa Iqbal, Minister for Higher Education Department and IT Raja Yasir Humayun and Advisor to CM on Tourism Asif Mehmood also addressed the conference.



 

Tags: Pakistani province signs 17 deals in Dubai
Share48Tweet30Share8Send

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
">
ADVERTISEMENT

Related Posts

Dubai Luxury property
REAL ESTATE

Dubai: Luxury property set to double its market share in 2022

June 26, 2022
4.2k
Russia to send Belarus nuclear-capable missiles within months
NEWS

Russia to send Belarus nuclear-capable missiles within months

June 26, 2022
2.2k
Taliban call for unfreezing of bank funds after deadly earthquake
Afghanistan

Taliban call for unfreezing of bank funds after deadly earthquake

June 26, 2022
2.2k
Zelenskyy urges Glastonbury crowd to spread truth about war
Top News

Zelenskyy urges Glastonbury crowd to spread truth about war

June 26, 2022
2.2k
Industry experts say the top three categories of residency are golden, silver and retirement visas
UAE

UAE: Golden and silver visas most popular among investors

June 24, 2022
4.8k
SriLankan Airlines
Business

SriLankan Airlines looking for a strategic partner

June 24, 2022
3.6k

Popular News

  • zoom property

    Palm Jumeirah, Downtown Dubai most popular areas as per square feet price increase

    27 shares
    Share 44 Tweet 28
  • Top nationalities continue to invest in Dubai real estate

    18 shares
    Share 50 Tweet 31
  • What do VCs look for when investing in early-stage start-ups

    28 shares
    Share 28 Tweet 18
  • Dubai home sales surged 55.9% in April

    34 shares
    Share 24 Tweet 15
  • Dubai’s luxury home market to continue its golden run in 2022

    57 shares
    Share 23 Tweet 14
  • Are you looking for an investor visa in Dubai?

    36 shares
    Share 17 Tweet 11
  • Dubai rents to pick up further in 2022

    24 shares
    Share 19 Tweet 12
  • Coding, automation set to drive the digital economy

    31 shares
    Share 12 Tweet 8
  • Dubai real estate retains its appeal with record transactions in Q1

    28 shares
    Share 18 Tweet 12
  • Approximately 7,000 residential units will come online in Abu Dhabi this year

    27 shares
    Share 11 Tweet 7
Currently Playing

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

Zoom Property Insights - How Expo 2020 is Shaping up the Dubai Property Market | Dubai News TV

00:03:34

Learn When is Best Time to invest in Real Estate Market

00:08:02

Managing Personal Liquidity in 7 Steps | Shailesh Dash | Dubai News TV

00:11:27

The World Plays The UAE National Anthem

00:02:13

Meet the CEO : BANKING ON RAJEEV KAKAR

00:25:20

About US

DubaiNews.Tv is a fast-growing Dubai-based digital platform that covers news, happenings and current affairs with a central focus on Dubai, UAE, Gulf, Middle East. It also features regional and international news activities in addition to exclusive reports, interviews and special videos.

info@dubainews.tv

dubainews.tv@gmail.com

Follow Us

Browse by Category

  • Abu Dhabi
  • Afghanistan
  • Africa
  • Ajman
  • Asia
  • Bangladesh
  • Business
  • CPEC
  • Dubai
  • EDITOR'S CHOICE
  • Entertainment
  • ENVIRONMENT
  • Europe
  • EXCLUSIVE
  • Expo 2020
  • FEATURED
  • Featured Stories
  • Forex
  • Fujairah
  • GCC
  • Global Business
  • Health
  • heath
  • Horoscope
  • India
  • International
  • Iran
  • JOBS
  • Lifestyle
  • Local Business
  • Markets
  • Meet The CEO
  • MENA
  • Middle East
  • MORE
  • Movie
  • NEWS
  • Opinion
  • Pakistan
  • Philippine
  • Philippines
  • PR
  • Ras Al Khaimah
  • REAL ESTATE
  • REGION
  • Road To Financial Freedom
  • Russia
  • Science
  • Science
  • Sharjah
  • South Asia
  • Space
  • Sports
  • Spotlight
  • Sri Lanka
  • Startup
  • STOCKS
  • Syria
  • Tech
  • The Big Read
  • Top News
  • Travel
  • Tunisia
  • turkey
  • UAE
  • Umm Al Quwain
  • Uncategorized
  • Video Posts
  • Viewpoint
  • Weather
  • World

Recent News

Ukraine Becomes an Official EU Membership Candidate

Ukraine Becomes an Official EU Membership Candidate

June 26, 2022
Russia’s Welcome at Brics Summit Shows Disconnect With West

Russia’s Welcome at Brics Summit Shows Disconnect With West

June 26, 2022
Jury takes fraud case against Elizabeth Holmes’s ex-partner

Jury takes fraud case against Elizabeth Holmes’s ex-partner

June 26, 2022
Moderna COVID-19 shots now an option for older kids in US

Moderna COVID-19 shots now an option for older kids in US

June 26, 2022
LGBTQ youth of faith retell their stories to inspire others

LGBTQ youth of faith retell their stories to inspire others

June 26, 2022
  • About us
  • Community
  • Terms
  • Privacy
  • Contact Us

© 2022 DNTV - Powered By LSG GROUP.

No Result
View All Result
  • Top News
  • UAE
    • Dubai
    • Abu Dhabi
    • Ajman
    • Fujairah
    • Ras Al Khaimah
    • Umm Al Quwain
  • REGION
    • Middle East
    • GCC
    • MENA
    • South Asia
      • Afghanistan
      • Bangladesh
      • India
      • Pakistan
    • Asia
    • Africa
    • Europe
  • Business
    • Global Business
    • Local Business
    • Markets
  • World
  • REAL ESTATE
  • Entertainment
  • ENVIRONMENT
  • Expo 2020
  • FEATURED
    • Featured Stories
  • Horoscope
  • Meet The CEO
  • Road To Financial Freedom
  • Opinion
    • EDITOR’S CHOICE
    • The Big Read
    • Viewpoint
  • PR
  • Sports
  • Tech
  • Video Posts

© 2022 DNTV - Powered By LSG GROUP.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.