Pakistan’s Finance Minister Invites Kuwait To Invest In Mega Projects

Pakistan’s Finance Minister Asad Umar on Thursday invited the State of Kuwait to invest in the mega projects of Pakistan including the China Pakistan Economic Corridor (CPEC) project.

After a one on one meeting with the visiting Kuwaiti Minister of Commerce and Industry, Khaled Al-Roudhan in Islamabad, Umar told KUNA “We have talked to China that we should invite a third country investment to the joint venture of Pakistan and China (CPEC).”

“We invited Saudi Arabia to invest in the project during our recent visit and the Kingdom responded positively. We also want the State of Kuwait to invest in the CPEC projects.”

On his part, Minister Al-Roudhan affirmed in a statement to KUNA that the two countries wanted to further improve ties. Ealier on, Al-Roudhan met with President of Pakistan Dr Arif Alvi.

Minister Al-Roudhan and his 22-member delegation arrived in Pakistan to take part in fourth meeting of Kuwait-Pakistani commission for trade cooperation in Islamabad. During the visit, the minister is also scheduled to meet senior Pakistani official to explore new avenues of trade.

Meanwhile, Minister Al-Roudhan and President of Pakistan, Dr Arif Alvi both called in a meeting Thursday for more efforts to expand ties between the two friendly countries. In an interview to KUNA after the meeting, the minister – who is in Pakistan on a two-day visit – said that he has congratulated the president on the successful election on the behalf of Amir of Kuwait His Highness Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah.

President of Pakistan thanked the State of Kuwait for supporting the country in every hour of need. President Alvi has emphasized the need for strengthening cooperation between Pakistan and Kuwait. Both the leaders reiterated the stance of supporting each other on every issue at all the international forums including the United Nations and Organization of Islamic Cooperation (OIC).

Both the officials applauded the close relationship between the two countries and vowed to strengthen the ties by forging partnerships and enhancing economic and trade relations. In the meantime, the fourth Session of Pakistan-Kuwait Joint Ministerial Commission (JMC) was held in Islamabad on Thursday with the participation of Kuwait’s Minister of Commerce and Industry, Khaled Al-Roudhan, and Pakistani Finance Minister Asad Umar.

In his opening statement on the occasion, Khaled Al-Roudhan expressed gratitude for the hospitality and reception during the visit. He highlighted the importance of holding these joint trade, economic and investment meetings, which have an active role in the development of bilateral relations between the two friendly countries. He mentioned that the meeting contributed to enhancing and developing prosperous relations between Pakistan and Kuwait.

 

SOURCE : ARABTIMES

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