FM hopes Pakistan’s bright times ahead with several investment accords with GCC states in offing

By web desk On Sep 21, 2023

ISLAMABAD, : Pakistan is expecting several investment agreements and Memoranda of Understanding with the countries of the Gulf Cooperation Council (GCC) in diverse areas including agriculture and information technology, Foreign Minister Jalil Abbas Jilani has said.

“The GCC countries have shown a lot of interest in Pakistan’s new initiative of Special Investment Facilitation Council (SFIC) that focuses on leveraging key sectors by attracting investment from friendly countries, he said in an interview with TRT World.

The foreign minister said the GCC countries were interested in Pakistan’s areas including agriculture, information technology, mines and minerals, and energy. Already, Pakistan has received the Expressions of Interest from GCC countries in mining and energy, he added.

He mentioned that Pakistan was sitting on the seventh largest reservoir of shale gas.

“The future looks very bright as far as the investment climate is concerned. We are expecting the representatives of the GCC countries to visit Pakistan this month with a number of agreements and MoUs to be signed,” he said.

Pakistan, he said, had very close cooperation with the GCC countries including Saudi Arabia, the UAE, Qatar, and Bahrain with different layers of economic, political, defence and people-to-people relations.

Jilani said Pakistan had taken strong measures to create an environment of good governance and end corruption and smuggling to ensure a conducive environment for investment.

commitments that they have made to Pakistan as well as the international community whereby they are committed to not allowing the Afghan soil to be used against other countries.

“Unfortunately attacks which take place in Pakistan are emanating from Afghanistan by TTP that remain a major concern for us,” he said.

On India’s violation of the U.N Charter with regards to the Kashmir dispute, he said Pakistan’s position remained the same and that there should be a criteria-based for membership of the UN Security Council.

“We can’t afford to have the emergence of another elite member of this UNSC since India has violated most of its resolutions including those on Jammu and Kashmir,” he said.

Jilani called for holding a free and fair plebiscite as per the UNSC resolutions and in accordance with the wishes of the Kashmiri people.

“Kashmir, for the last several years, has been turned into a prison and massive human rights violations are taking place. We expect the international community to take notice of it,” he said.

On relations with China, he said there was a lot to celebrate the achievements with regard to the flagship China-Pakistan Economic Corridor (CPEC) that marked its 10th anniversary this year.

He mentioned that the project resulted in the improvement of infrastructure with agriculture and the upgradation of railways as the next stage.

Jalil said Pakistan was going through a democratic process where a caretaker set up of government was in place with its main task to hold general polls after the announcement of the Election Commission.

Linking a strong economy with prosperity, he expressed hope that the steps taken by the government would result in economic and political stability.

The reforms introduced in these sectors by Pakistan offer a promising future for the people of the country, he said.