Pakistan
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UAE commits $10 bn investment in Pakistan

May 24, 2024 12:51 am
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UAE commits $10 bn investment in Pakistan

DUBAI: The United Arab Emirates (UAE) has pledged a significant $10 billion investment in Pakistan, announced during a high-level meeting between Prime Minister (PM) Shehbaz Sharif and UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi on Thursday.

PM Shehbaz , currently on a one-day visit to Abu Dhabi, engaged in discussions with Sheikh Mohamed at Qasr Al Shati, focusing on bolstering cooperation across various sectors, notably the economy, trade, and development. Both leaders expressed their commitment to nurturing mutual interests and advancing their nations’ shared visions of sustainable economic growth and prosperity.

Read More: FDI increased in April 2024, with net inflows of $359 million

In his remarks, PM Shehbaz underscored Pakistan’s unwavering commitment to strengthening its ties with the UAE and expanding collaborative efforts in economic, trade, and investment domains. He also highlighted the potential for Pakistan to leverage the UAE’s remarkable development trajectory for its own benefit.

Further updates on the significant investment pledge are anticipated as discussions between the two nations continue to unfold.

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