LAHORE Punjab Chief Minister Muhammad Shahbaz Sharif has said the Pakistan Business and Investment Conference held in Dubai, with the joint collaboration of the Punjab Board of Investment and Trade and Dubai Chambers of Commerce, will yield positive results and cement economic relations between United Arab Emirates and Pakistan especially Punjab. He was talking to media-men on his return from a 3-day visit to Dubai at the Lahore Airport on Tuesday. MNA Hamza Shahbaz Sharif was also present on the occasion. The CM said there were vast opportunities of investment in different sectors in Punjab and the investors at Dubai Conference showed extraordinary interest in this regard. He said Memorandums of Understanding had also been signed in energy, infrastructure, poultry, agriculture and other sectors. He was of the view that these agreements would promote investment in Pakistan as well as Punjab besides creation of job opportunities. He said during his meetings with the royal family of UAE and business personalities, matters regarding launching of joint ventures and the products, which were in much demand in Dubai and Abu Dhabi, were discussed in detail. In response to a question about Nawaz Sharif Social Security Hospital, the Chief Minister said that an enquiry committee had been constituted in this regard. Meanwhile, Vice Chairman Punjab Board of Investment and Trade PBIT Rizwan Khan has said through Dubai Investment Conference, PBIT has successfully brought in nine MoUs with a total investment outlay amounting to $ 1.3 billion and has provided a platform of linking Punjab to a vast network of progressive investors in UAE. Giving details in this regard, Rizwan Khan said that Pakistan Business & Investment Conference was an initiative towards a concrete improvement in trade and investment relations between Pakistan and United Arab Emirates. He told that during Dec. 13 Conference, investors showed keen interest in the breakout sessions of sectors including Agribusiness/Food processing and Livestock, Mines & Minerals, Energy and Real Estate Development/Infrastructure. Vice Chairman PBIT further said that United Arab Emirates always tops our priority among foreign destinations where we have long-term trade history, deep cultural linkages and has emerged as one of Pakistans major economic and trading partners. He said that UAE is Pakistans second largest trading partner and offers various prospects of joint ventures and mutual cooperation in multiple business sectors. Chief Executive Officer PBIT Saadat Muzaffar added that Pakistan and the United Arab Emirates had elevated their bilateral relations to higher level and had cordial brotherly relations which are being strengthened day by day. He said that the two countries have common perceptions on all international and regional issues of mutual concern and UAE has been a major donor of economic assistance to Pakistan. Saadat Muzaffar told that during the recent floods, UAEs cooperation in relief activities was excellent. UAE is the biggest investor in Pakistan in several sectors, including telecom, airlines, banking, financial services, construction and real estate. and petrochemical industry.