ISLAMABAD – Pakistan’s economy is set for a major boost as United Arab Emirates President Sheikh Mohamed Bin Zayed Al-Nahyan pledged to invest $10 billion.
Sheikh Nayhan made the announcement after meeting Prime Minister Shehbaz Sharif who is on a day-long visit to the Mideast nation. UAE President assured all out support to Asian nation and made commitment of investing $10bn in multiple sectors in Pakistan, per official communique shared by Pakistani government.
PM Shehbaz thanked UAE leadership for hosting the Pakistani diaspora of 1.8 million and highlighted Pakistan’s “huge human resource potential” that could be engaged in multiple sectors.
The meeting provided an opportunity to discuss a wide range of bilateral ties, including cooperation in political, economic, social, cultural and defence sectors. PM further underscored importance of galvanising existing cooperation and strengthening strategic partnerships, including in the field of information technology, renewable energy and tourism.
He further highlighted steps taken by the government aimed at ensuring socio-economic stability in the country and building investors’ confidence, and reiterated 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 and financial services,” the statement said.
The two leaders also exchanged views on other issues of mutual interest, including regional and global developments.
PM Shehbaz also reiterated his invitation to the UAE president for an official visit to Pakistan, which Sheikh Mohamed accepted. Sharif said he had a “very productive exchange” with the UAE president. He thanked UAE President in a social media post for consistent support for Pakistan.
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