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With 2,000 or 20pc companies, Pakistan second largest investor in UAE’s AFZ

byCustoms Today Report
19/02/2015
in Business
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KARACHI – As around 2,000 Pakistani companies are operating in the Ajman Free Zone (AFZ), UAE, Pakistan is the second largest investor in the AFZ, a 20 percent share of the total registered companies in the AFZ.

The ratio is increasing by 20pc annually. AFZ Head of Customer Service Ali Husain Fahmi told the media that Pakistan, India, Russia, China and Europe are the major investors in the zone. At present around 2,000 Pakistani companies are working in AFZ that is a proof of mutually business opportunities that exists between two countries.

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“We want to enhance business relations, promote trade and strengthen ties with Pak businessmen. The road show is aimed at Pakistanis that would like to spread their operations internationally especially in the Middle Eastern region, whereby the UAE serves as a springboard and a centre point to enter the regional markets,” AFZ General manager Mahmood Al Hashemi.

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