The United Arab Emirates (UAE) has allocated 10 billion dollars for investment in Pakistan.
According to the report of the Emirati official news agency WAM, the government of the United Arab Emirates has announced the allocation of 10 billion dollars for investment in economic sectors in Pakistan.
According to the WAM report, this announcement was made today after the meeting between the Emirati President Sheikh Mohammed bin Zayed Al Nahyan and the Pakistani Prime Minister Shehbaz Sharif.
It should be noted that Prime Minister Shahbaz Sharif has met the President of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan in Abu Dhabi.
According to the government announcement, Deputy Prime Minister and Foreign Minister Ishaq Dar, Commerce Minister Jam Kamal Khan, Defense Minister Khawaja Asif and Special Assistant Tariq Fatemi also participated in the meeting along with the Prime Minister.
The Prime Minister also condoled the death of Sheikh Tahnoun bin Muhammad Al Nahyan and Sheikh Hazza bin Sultan Al Nahyan with the President of the United Arab Emirates.
In the meeting, bilateral relations between the two countries including cooperation in political, economic and defense sectors were discussed.
The Prime Minister reiterated Pakistan’s commitment to promoting partnership with the UAE, particularly in the fields of information technology, renewable energy and tourism.
The Prime Minister expressed his determination to ensure the implementation of UAE investments in Pakistan in energy, port operations projects, food security, communications, minerals, banking and financial services.
In the meeting, Emirati President Sheikh Muhammad bin Zayed assured Prime Minister Shehbaz Sharif of investing 10 billion dollars in Pakistan.
Earlier, while addressing a round table session on partnership between IT companies in Abu Dhabi, the Prime Minister said that we do not want a loan from the United Arab Emirates but a joint investment. will
