The United Arab Emirates (UAE) has committed $10 billion to invest in promising economic sectors in Pakistan, according to a report by WAM on social media platform X.
In a bilateral meeting held in Abu Dhabi, Pakistan’s Prime Minister Shehbaz Sharif and UAE President Sheikh Mohamed bin Zayed Al Nahyan discussed a wide range of topics encompassing political, economic, social, cultural, and defense cooperation, as stated by the state-run Pakistan Television (PTV) in a post on X.
FOCUS ON INVESTMENTS NOT LOAN – PM SHEHBAZ
During the meeting, Prime Minister Sharif emphasized the need to enhance existing collaborations and strengthen the strategic partnership between the two nations, particularly in the areas of information technology, renewable energy, and tourism. He highlighted the Pakistani government’s initiatives aimed at ensuring socio-economic stability and boosting investor confidence.
Prime Minister Sharif also reaffirmed Pakistan’s commitment to effectively implement investment cooperation agreements across various sectors, including energy, port operations, wastewater treatment, food security, logistics, minerals, and banking and financial services.
President Sheikh Mohamed bin Zayed Al Nahyan expressed the UAE’s unwavering support for Pakistan and announced the $10 billion investment in multiple sectors. He assured that the UAE would continue to support Pakistan under all circumstances.
Prime Minister Sharif conveyed his gratitude to the UAE leadership for hosting 1.8 million Pakistani expatriates and underscored Pakistan’s substantial human resource potential that could be utilized in various sectors.
The leaders also discussed other issues of mutual interest, including regional and global developments. Prime Minister Sharif described the meeting as a “most productive exchange of views” on key aspects of bilateral cooperation and the regional situation. He added that both nations agreed to maintain close cooperation to further strengthen their brotherly and cooperative ties.
