Finance Minister Calls Pakistan-UAE Relations Strategic

Finance Minister Muhammad Aurangzeb highlighted Pakistan's strategic relationship with the United Arab Emirates (UAE) during a meeting with a delegation from International Foodstuffs Company (IFFCO). The minister expressed appreciation for IFFCO's long-standing investment in Pakistan, which has significantly contributed to the food and manufacturing sectors.

Aurangzeb praised the company's presence across 50 countries, with a focus on food manufacturing, edible oils, confectionery, dairy, agriculture, poultry, and animal nutrition. The delegation informed the minister about IFFCO's global operations and its expansion in Pakistan, having invested $100 million and operating in two refineries and five manufacturing sites since 2006.

This investment has led to increased local employment and value addition. IFFCO expressed interest in further expanding its business and investment in Pakistan's food and industrial sectors. Aurangzeb welcomed the planned expansion and affirmed the government's commitment to supporting existing investors and fostering new investment, industrial growth, employment, and local value addition.

The minister also commended the UAE Embassy for its role in enhancing economic and commercial ties between Pakistan and the UAE, expressing confidence in the growth of bilateral investment and trade cooperation.