UAE President Sheikh Mohamed bin Zayed Al Nahyan expresses the commitment to invest $10 billion in Pakistan
ABU DHABI, May 23 (SABAH): President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan has expressed the commitment to invest 10 billion dollars in Pakistan.
He made this commitment during his meeting with Prime Minister Mian Muhammad Shehbaz Sharif in Abu Dhabi on Thursday.
Sheikh Mohamed bin Zayed Al Nahyan assured UAE’s support in all circumstances and made commitment of investing ten billion dollars in multiple sectors in Pakistan.
PM Shehbaz Sharif 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.
The meeting provided an opportunity to discuss whole gamut of bilateral relations including cooperation in political, economic, social, cultural and defence sectors.
The Prime Minister underscored the importance of galvanizing existing cooperation and strengthening strategic partnership including in the field of information technology, renewable energy and tourism.
He 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 and Financial Services.
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.
He also offered condolences on the passing away of close family members of Al Nahyan family.
Prime Minister was accompanied by Deputy Prime Minister Senator Mohammad Ishaq Dar, Minister for Commerce Mir Jam Kamal Khan, Minister for Defence Khawaja Muhammad Asif and Special Assistant to Prime Minister Syed Tariq Fatemi.
Meanwhile Prime Minister Shehbaz Sharif has underscored his commitment to advancing the private sector through business-friendly policies and facilitating foreign investors.
He was talking to Director General of Abu Dhabi Fund for Development Mohamed Saif Al Suwaidi, in Abu Dhabi on Thursday.
The Prime Minister stressed that collaboration between Emirati companies and their Pakistani counterparts would further bolster bilateral trade relations.
He highlighted reformative measures undertaken by the government to bring economic stability to Pakistan.
He emphasized the longstanding fraternal relations between Pakistan and the UAE, spanning decades.
Shehbaz Sharif also extended an invitation to delegation from Abu Dhabi Fund for Development to visit Pakistan.