United Arab Emirates President Sheikh Mohamed Bin Zayed Al-Nahyan on Thursday dedicated to investing $10 billion in a number of sectors of the Pakistani economic system.
A press release launched by state-run Pakistan Tv on social media platform X stated the event got here in an Abu Dhabi assembly of the UAE president with Prime Minister Shehbaz Sharif who’s on a day-long go to to the Mideast nation.
The assertion added that Sheikh Mohamed “assured UAE’s assist in all circumstances and made dedication of investing $10bn in a number of sectors in Pakistan”.
PM Shehbaz conveyed his gratitude to the UAE management for internet hosting the Pakistani diaspora of 1.8 million and highlighted Pakistan’s “large human useful resource potential” that could possibly be engaged in a number of sectors.
“The assembly offered a possibility to debate entire gamut of bilateral relations, together with cooperation in political, financial, social, cultural and defence sectors. [The] prime minister underscored the significance of galvanising present cooperation and strengthening strategic partnership, together with within the subject of knowledge expertise, renewable power and tourism.
“[The] prime minister highlighted steps taken by the federal government aimed toward making certain socio-economic stability within the nation and constructing traders’ confidence. He reiterated Pakistan’s dedication to make sure significant implementation of funding cooperation agreements within the areas of power, port operations initiatives, wastewater therapy, meals safety, logistics, minerals, and banking and monetary providers,” the assertion stated.
It added that the 2 exchanged views on different problems with mutual curiosity, together with regional and world developments.
PM Shehbaz additionally reiterated his invitation to the UAE president for an official go to to Pakistan, which Sheikh Mohamed accepted.
post on X.
Pakistani Ambassador to UAE Faisal Niaz Tirmizi, Emirati envoy to Pakistan Hamad Obaid Ibrahim and senior officers from each international locations had been additionally current to obtain the premier, the PML-N said.
Shortly after his arrival, the prime minister described the go to as “brief however necessary”.
“Trying ahead to a fruitful alternate of views with the UAE management with a view to deepen the historic and brotherly PAK-UAE ties,” he stated in a post on X.
That is PM Shehbaz’s first go to to the UAE since assuming his office after the February 8 basic elections.
In keeping with Radio Pakistan, PM Shehbaz had earlier right now departed for the UAE together with key cupboard members, together with Deputy PM and Overseas Minister Ishaq Dar, Defence Minister Khawaja Asif, Inside Minister Mohsin Naqvi, Info Minister Attaullah Tarar, Commerce Minister Jam Kamal Khan and Particular Assistant to PM Tariq Fatemi.
Through the go to, the premier is anticipated to satisfy UAE President and Ruler of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan, the FO had stated in a press release issued on Wednesday.
The 2 leaders will talk about bilateral relations between Pakistan and the UAE with a “particular deal with commerce and funding”, it had said.
In keeping with the FO, PM Shehbaz can also be more likely to maintain conferences with different Emirati dignitaries, businesspersons and heads of economic establishments.
The FO, noting that each international locations have “long-standing fraternal relations deep-rooted in religio-cultural affinity”, had stated that such high-level exchanges kind a “distinguishing function” of brotherly ties between Pakistan and the UAE.
The go to marks an necessary step in direction of additional deepening multifaceted bilateral collaboration between Pakistan and the UAE, the FO had highlighted.
The premier’s go to follows high-level exchanges between Pakistan and Saudi Arabia up to now two months, together with two trips made to the dominion in April.
Shehbaz last visited the UAE in July 2023 — throughout his earlier time period because the prime minister — to console the loss of life of the UAE President’s brother, Sheikh Saeed bin Zayed Al-Nahyan.
Previous to that, he made a two-day journey to the Gulf nation in January 2023 to strengthen financial, commerce and funding ties with the nation.