PM invites UAE firm to invest in Pakistan’s renewable energy sector

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Prime Minister Shehbaz Sharif on Friday invited the United Arab Emirates-based firm Hayat Bio-Tech to invest in Pakistan’s renewable energy sector and assured that the government would extend all possible facilitation in this regard.

The prime minister, in a meeting with a delegation headed by the Chairman of Hayat Bio-Tech and a member of the UAE ruling family Sheikh Ahmed Dalmook al Maktoum which called on him here, welcomed the keen interest of Hayat Bio-Tech to invest in Pakistan’s pharmaceutical sector, especially in vaccine manufacturing.

Welcoming the delegation, the prime minister said that the brotherly relations between Pakistan and the UAE were deeply rooted in history. He underlined that Pakistan attached great importance to further expanding brotherly ties with the UAE in diverse fields including trade and investment.

Sheikh Ahmed Dalmook al Maktoum said they were aware of the huge investment potential of Pakistan and UAE was looking forward to further expanding its footprint in the energy and health sectors.

He expressed a keen desire to further expand UAE’s investment portfolio in Pakistan. He also briefed the prime minister about their ongoing 1200 MW power plant project undertaken in collaboration with the Sindh Government which would be a hybrid power plant of solar and wind energy.

Federal Minister for Finance Muhammad Ishaq Dar, Minister for National Health Services Abdul Qadir Patel, SAPM Tariq Fatemi and senior officials of the relevant government departments also attended the meeting.