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Gulf Press > Gulf > UAE > UAE allocates $10 billion for investing in Pakistan
UAE

UAE allocates $10 billion for investing in Pakistan

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Last updated: 2024/05/23 at 9:44 PM
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The United Arab Emirates (UAE) has recently announced a significant investment of $10 billion in the promising economic sectors of Pakistan. This announcement follows talks between President Sheikh Mohamed and Pakistani Prime Minister Shahbaz Sharif in Abu Dhabi, where they discussed ways to strengthen the Pakistani economy, support it, and enhance cooperation between the two countries. The meeting took place at Qasr Al Shati, where discussions centered around developing cooperation in priority sectors such as economy, trade, and development to serve common interests and promote sustainable economic growth and prosperity.

Sharif has expressed his country’s commitment to strengthening ties with the UAE and expanding cooperation in economy, trade, and investment. He also mentioned the importance of benefiting from the UAE’s inspiring development journey as a means to further enhance Pakistan’s economic growth. The UAE’s investment in Pakistan is expected to provide a significant boost to the country’s economy, creating new opportunities for development and growth in key sectors.

The partnership between the UAE and Pakistan aims to enhance bilateral relations and cooperation, particularly in areas of economic development. This investment is a testament to the strong relationship between the two countries and their shared vision for sustainable economic growth and prosperity. The allocation of $10 billion will help stimulate economic activity in Pakistan, create new job opportunities, and support the growth of key sectors that have the potential for significant expansion.

The meeting between Sheikh Mohamed and Sharif highlights the commitment of both countries to working together to achieve mutual benefits and promote economic development. The discussions focused on exploring opportunities for cooperation in priority sectors, such as trade, investment, and development, to create a robust economic partnership that benefits both nations. This partnership is expected to lead to the creation of new opportunities for collaboration and growth in key sectors, bringing about long-term economic benefits for both countries.

By announcing this significant investment in Pakistan, the UAE is demonstrating its support for the country’s economic development and growth. This investment will help boost economic activity, create jobs, and support the growth of key sectors that have the potential for significant expansion. The partnership between the UAE and Pakistan is a testament to the strong relationship between the two countries and their shared commitment to fostering sustainable economic growth and prosperity.

As both countries work towards enhancing their economic cooperation, the UAE’s investment in Pakistan will pave the way for a stronger partnership that benefits both nations. The allocation of $10 billion for investment in key economic sectors demonstrates the UAE’s commitment to supporting Pakistan’s economic development and prosperity. This investment is expected to create new opportunities for growth and development, stimulate economic activity, and promote bilateral cooperation in key sectors, ultimately leading to mutual benefits for both countries.

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News Room May 23, 2024
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