Foreign Minister Shah Mehmood Qureshi has said five million housing project started by the government has immense potential of foreign investment.
Addressing newspersons in Islamabad this evening,he said the visiting high-level UAE delegation that called on him today showed interest in investing in different sectors of Pakistan.
Shah Mehmood Qureshi said the UAE delegation also included representatives of Emaar, the leading housing company of UAE.
He said Pakistan and United Arab Emirates have agreed to enhance bilateral relations, including trade and investment, for the mutual benefit of both the countries.
The minister said Pakistani side talked about increasing exports of rice, fruit and vegetables to UAE.
Joint collaboration in food processing industries was also discussed during the meeting. He said Pakistan also discussed with the UAE delegation its requirement of oil on deferred payment on lines of the recent agreement with Saudi Arabia.
The Minister said we want to benefit from the experience of UAE in water desalination as they have immense experience in this sector.