PM Shahbaz Welcomes Pakistan’s Projected $1 Billion UAE Investment

PM Shahbaz Welcomes UAE's $1bn Investment in Pakistan

He shared these opinions with UAE President Sheikh Mohamed bin Zayed Al Nahyan over the phone.

The state news agency of the UAE, WAM, said last week that the kingdom planned to invest $1 billion in Pakistani businesses across a range of sectors.

The action will probably aid in boosting investor confidence in the nation, which has been adversely affected by declining foreign exchange reserves and a weakening rupee.

The prime minister praised the president of the UAE for his nation’s investment in Pakistan’s various industries earlier on Sunday in a tweet.

PM Shehbaz thanked the UAE president during their talk today and emphasised the enormous assistance the Gulf nation has provided to Pakistan over the years.

The PM Office released a statement stating that the two leaders discussed topics of mutual interest.

They decided to cooperate closely in order to further advance bilateral cooperation in various fields as they reaffirmed the deep fraternal relations between the two nations.

The prime minister expressed his sorrow at the loss of life brought on by the recent floods in the Emirates, which included Pakistani citizens.

He also extended his sincere condolences to his brethren from the Emirati nation.

The president of the UAE also expressed his sincere condolences for the loss of precious lives due to floods in Pakistan and the recent chopper disaster that claimed the lives of army soldiers.

The two leaders reviewed the progress and decided to further strengthen trade and economic ties, with a focus on accelerating cooperation and forging partnerships in areas comprising investments, energy, and infrastructure. They did this by recalling the decisions made during the premier’s visit to the UAE in April 2022.

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