PM Shehbaz highlights Pakistan’s “huge human resource potential” that can be engaged in multiple sectors.
News Agency
Islamabad
United Arab Emirates President Sheikh Mohamed Bin Zayed Al-Nahyan on Thursday committed to investing $10 billion in multiple sectors of the Pakistani economy.
A statement released by state-run Pakistan Television on social media platform X said the development came in an Abu Dhabi meeting of the UAE president with Prime Minister Shehbaz Sharif who is on a day-long visit to the Mideast nation.
The statement added that Sheikh Mohamed “assured UAE’s support in all circumstances and made commitment of investing $10bn in multiple sectors in Pakistan”.
PM Shehbaz conveyed his gratitude to the UAE leadership for hosting the Pakistani diaspora of 1.8 million 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 galvanising existing cooperation and strengthening strategic partnership, including in the field of information technology, renewable energy and tourism.
“[The] prime minister 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,” the statement said.
It added that the two exchanged views on other issues of mutual interest, including regional and global developments.
PM Shehbaz also reiterated his invitation to the UAE president for an official visit to Pakistan, which Sheikh Mohamed accepted.
PM Shehbaz said he had a “very productive exchange” with the UAE president.
“Grateful to his highness for UAE’s consistent support for Pakistan. We agreed to continue working closely to further strengthen the brotherly and cooperative ties between Pakistan and UAE.”
