THE prime minister concluded a one-day visit to the United Arab Emirates on Thursday, marking the conclusion of the administration’s relentless push to attract Gulf investment to Pakistan. Mr. Sharif has indicated that the UAE may cooperate in the areas of IT, renewable energy, and tourism. Although the promises made by our Gulf friends are comforting, the multibillion dollar question is when they will actually come to pass. It’s possible that the Saudis and Emiratis are holding off on releasing their own money until the IMF approves the next loan to Pakistan. We need to continue seeking foreign investment and provide an environment free from bureaucratic roadblocks that is conducive to business.
