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ISLAMABAD: Adviser to Prime Minister of Pakistan for Commerce and Investment Abdul Razak Dawood has said that a UAE firm will invest $15 million in a special economic zone (SEZ) in Faisalabad.
In a Twitter message, Abdul Razak Dawood said that Brothers Gas of the United Arab Emirates (UAE) has announced an investment worth $15 million in Faisalabad SEZ.
He detailed that the first of the three-phase investment will include the installation of an Aerosol Propellant Gas (APG) plant. Dawood added that the local manufacturing will help reduce Pakistan’s reliance on imported APG.
The adviser said that the plant will also enable the manufacturing of refrigerant gasses and ADNOC lubes for the first time. “The actualization of foreign investments is showing of a conducive business environment which is supported by friendly government policies.”
I am pleased to share that Brothers Gas 🇦🇪UAE has announced investment worth $15M in Faisalabad SEZ. The first of the three phase investment will include installation of an Aerosol Propellant Gas (APG) plant. The local manufacturing will help reduce 🇵🇰Pakistan’s reliance 1/3
— Abdul Razak Dawood (@razak_dawood) December 16, 2021
