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Friday, May 24, 2024

The President of the UAE pledges a $10 billion investment in Pakistan

Prime Minister Shehbaz Sharif recently held a bilateral meeting with Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, in Abu Dhabi. During the discussion, the President assured the UAE's support in all circumstances and committed to investing $10 billion across multiple sectors in Pakistan.

According to a statement from the Prime Minister’s Office, the meeting offered a platform to explore bilateral relations, encompassing collaboration in political, economic, social, cultural, and defense domains.

The Prime Minister emphasized the significance of enhancing current cooperation and bolstering strategic partnerships, particularly in areas such as information technology, renewable energy, and tourism.

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The Prime Minister emphasized government initiatives aimed at securing socio-economic stability and fostering investor confidence. He reaffirmed Pakistan’s commitment to the meaningful execution of investment cooperation agreements, spanning energy, port operations, wastewater treatment, food security, logistics, minerals, and banking and financial services.

Furthermore, the Prime Minister expressed gratitude to the UAE leadership for hosting 1.8 million Pakistani expatriates and highlighted Pakistan’s substantial human resource potential, which could contribute to various sectors.

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Both leaders discussed additional topics of mutual interest, encompassing regional and global developments. The Prime Minister renewed his invitation to the UAE President for an official visit to Pakistan, which was accepted.

The Prime Minister was joined by a delegation comprising Foreign Minister Muhammad Ishaq Dar, Commerce Minister Jam Kamal Khan, Defense Minister Khawaja Asif, and Special Assistant to the Prime Minister Syed Tariq Fatemi.