ISLAMABAD: A United Arab Emirates-based multinational logistics company has decided to appoint a Pakistani celebrity, Fakhar-e-Alam, as vice chairman to spearhead a “multibillion-dollar investment strategy” in the South Asian state, said a statement circulated by the organization earlier this week.
It added that Alam, a longtime UAE resident, had been working closely with DP World since last year’s devastating floods in Pakistan, adding the company made a donation of $2.5 million to help the survivors of the natural calamity due to his efforts.
“I am deeply honored and most grateful to His Highness Sheikh Mohammad [bin Rashid Al Maktoum] the ruler of Dubai, His Excellency Sultan Ahmed Bin Sulayem and the leadership of DP World to give me this opportunity,” the statement quoted the Pakistani celebrity as saying.
“I look forward to building newer [and] stronger economic bridges between the UAE and Pakistan and beyond,” he continued. “The challenges that Pakistan is faced with require out of the box thinking and a much more progressive approach towards investors like DP World.”
Alam maintained it was possible to create great value and wealth that would ultimately benefit Pakistanis and help grow trade in the entire region.
DP World is said to be “the crown jewel enterprise of Dubai” which is currently valued at about $90 billion. The company’s core business has also facilitated global trade flow.
The statement said DP World’s “global dominance” was growing at a rapid pace as it had been winning bids, creating new partnerships, and adding greater value to its industry.
DP World appoints Pakistani vice chairman to spearhead 'multibillion-dollar investment strategy'
https://arab.news/97t7f
DP World appoints Pakistani vice chairman to spearhead 'multibillion-dollar investment strategy'
- Well-known celebrity Fakhar-e-Alam has been working with UAE firm since last year’s devastating floods
- Says looking forward to building stronger economic bridges between the "UAE and Pakistan and beyond"
Pakistan vows to enhance multilateral cooperation with China, Russia at SCO moot
- Pakistan deputy PM holds meetings with Russian counterpart, Chinese premier at sidelines of SCO summit
- Ishaq Dar, Russian deputy PM review bilateral ties, cooperation across political, economic, connectivity spheres
ISLAMABAD: Pakistan’s Deputy Prime Minister Ishaq Dar this week vowed to enhance bilateral ties and multilateral cooperation with Beijing and Moscow, state media reported, as he met senior officials from China and Russia during the Shanghai Cooperation Organization (SCO) summit.
Dar had arrived in Russia on Monday to attend the two-day SCO Council of Heads of Government (CHG) summit in Moscow, met Chinese PM Li Qiang and Russian Deputy PM Alexei Overchuk.
Dar and Overchuk reviewed the full gamut of Pakistan-Russia relations, focusing on strengthening cooperation across political, economic, energy, connectivity, agricultural, industrial, educational and people-to-people areas through institutionalized mechanisms, state broadcaster Radio Pakistan reported on Tuesday.
“Pakistan and Russia have reaffirmed their commitment to enhanced cooperation at bilateral and multilateral fora, including the United Nations and Shanghai Cooperation Organization,” the state broadcaster said.
Overchuk recalled his recent visits to Pakistan and noted the country’s potential as a regional hub for transit and connectivity, the state media said.
Meanwhile, Dar also met the Chinse prime minister at the sidelines of the SCO moot when it concluded.
“They reaffirmed the ‘all-weather’ Pakistan-China strategic partnership, reviewed bilateral and multilateral cooperation— especially within the SCO— and praised the Shanghai Spirit principles guiding regional collaboration,” Radio Pakistan said.
Dar addressed the CHG summit on Tuesday, urging the bloc to activate its financial mechanisms. The Pakistani deputy premier said tools such as the SCO Interbank Consortium were under-used despite the rising need for investment in regional trade corridors, digital links and infrastructure.
“The SCO has established a foundation for sustainable economic progress, but we must aggressively utilize the tools already at our disposal, like the SCO Interbank Consortium, to finance connectivity and technical collaboration projects,” he said at the forum.
Dar noted that Pakistan viewed economic, cultural and humanitarian cooperation as “interconnected threads in a single, stronger fabric of regional partnership,” and urged members to move from political declarations toward practical, cross-cutting initiatives.
He also highlighted disaster preparedness as an emerging priority for the bloc, saying Pakistan had developed a technology-driven early-response system and was ready to host simulation exercises with SCO partners.
