Kuwait has expressed keen interest in expanding its investment footprint in Pakistan, with the Kuwait Investment Authority (KIA) indicating readiness to explore new opportunities and strengthen institutional cooperation.
Sources say this development emerged during a high-level meeting between Pakistan’s Federal Minister for Petroleum, Ali Pervez Malik, and Kuwait’s Minister of Finance and Renewable Energy as well as KIA Chairman, Dr. Sabih Al-Mazim. The discussions focused on further strengthening the long-standing and close bilateral relations between the two countries.
During the meeting, both ministers reaffirmed their commitment to enhancing cooperation across various sectors including energy, investment, and trade to safeguard mutual interests. Dr. Sabih Al-Mazim noted Kuwait’s significant existing investments in Pakistan and expressed interest in further expanding these investments. He also confirmed that KIA is prepared to explore new investment opportunities in Pakistan and work with relevant partners to increase the volume of bilateral investments.
Federal Minister Ali Pervez Malik welcomed Kuwait’s continued confidence in Pakistan’s economy and emphasized that the government is committed to providing a favorable environment for foreign investment across energy, infrastructure, and other sectors.
In another meeting, the minister met with Waleed Shumlan Ahmed, Director General of the Kuwait Fund for Economic Development, to discuss increasing development funding and strengthening cooperation on Pakistan’s socio-economic development projects. Additionally, Ali Pervez Malik met with the Deputy Managing Director of KIA to explore further investment opportunities and enhance institutional collaboration between Pakistan and KIA.
Sources also reported that the federal minister met with leaders of the Pakistani business community in Kuwait, describing overseas Pakistanis as a valuable national asset. He lauded their contributions to Pakistan’s economy, investment environment, and bilateral relations.
