ABU DHABI: The United Arab Emirates (UAE) on Thursday promised to invest $10 billion more in Pakistan. The promise was made during Pakistan’s Prime Minister Shehbaz Sharif’s meeting with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi, the capital of the Gulf state, where the premier is on a day-long visit.
Pakistan’s Prime Minister was accompanied by the Deputy Prime Minister and Foreign Minister Muhammad Ishaq Dar, Minister for Commerce Jam Kamal Khan, Minister for Defence Khawaja Muhammad Asif and Special Assistant to Prime Minister Syed Tariq Fatemi.
The Prime Minister offered condolences on the passing away of close family members of the Al Nahyan family, late Sheikh Tahnoun bin Mohamed Al Nahyan and late Sheikh Hazza bin Sultan Al Nahyan.
The meeting provided an opportunity to discuss the whole gamut of bilateral relations including cooperation in political, economic, social, cultural and defence sectors. Prime Minister underscored the importance of galvanizing existing cooperation and strengthening strategic partnerships including in the field of information technology, renewable energy and tourism.
PM Shehbaz highlighted steps taken by the government aimed at ensuring socio-economic stability in the country and building investors’ confidence. He reiterated Pakistan’s commitment to ensure meaningful implementation of investment cooperation agreements in the areas of Energy, Port Operations Projects, Wastewater Treatment, Food Security, Logistics, Minerals, and Banking & Financial Services.
President of the UAE Sheikh Mohamed bin Zayed Al Nahyan assured UAE’s support in all circumstances and made commitment to invest US$ 10 billion in multiple sectors in Pakistan.
Prime Minister conveyed gratitude to the UAE leadership for hosting 1.8 million Pakistani diaspora and highlighted Pakistan’s huge human resource potential that could be engaged in multiple sectors.
Both leaders exchanged views on other issues of mutual interest including regional and global developments. The Prime Minister reiterated his invitation to the UAE President for an official visit to Pakistan. The UAE President accepted the invitation.
In a social media post on X, PM Shehbaz Sharif thanked the UAE President for their warm hospitality and affection towards Pakistan.
He said we had a most productive exchange of views on important aspects of our bilateral cooperation as well as an exchange of views on the regional situation.
Shehbaz Sharif said both sides agreed to continue working closely to further strengthen the brotherly and cooperative ties between Pakistan and UAE.
