Islamabad: The United Arab Emirates (UAE) will invest in Pakistan’s infrastructure development and bilateral economic cooperation, news sources reported on May 4. The decision was conveyed to the government of Pakistan through a high-level delegate that met Prime Minister Shehbaz Sharif here on Eid.
The delegate expressed interest in the growth of commerce, energy, infrastructure, petroleum, and other critical areas during a meeting with the premier. The premier assured the delegate of full government assistance in carrying out the leadership’s investment and trade initiatives.
Reportedly, the delegate met with the premiere a few days after he visited Saudi Arabia. While returning from Saudi Arabia, PM Shahbaz met with the crown prince of UAE, HH Mohammed bin Zayed. Both parties agreed during the meeting to pursue bilateral growth and economic cooperation.
On receiving the delegate on Eid, the premier stated that the meeting on such an important occasion demonstrates both countries’ commitment and resolve to promote bilateral ties. It is worth noting that PM Shehbaz visited Saudi Arabia at the request of Crown Prince Muhammad Bin Salman. The tour’s purpose was to expand commercial cooperation and strengthen bilateral relations with the kingdom. Non-resident Pakistanis in the UAE and Saudi Arabia represent the largest diaspora, sending billions of dollars in remittances.
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