UAE allocates $10 billion for investment in Pakistan

The announcement to invest in promising economic sectors comes following talks between UAE President and Pakistani PM


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Sheikh Mohamed meets Shahbaz Sharif in Abu Dhabi. — Photo: Wam
Sheikh Mohamed meets Shahbaz Sharif in Abu Dhabi. — Photo: Wam

Published: Thu 23 May 2024, 7:40 PM

Last updated: Thu 23 May 2024, 10:29 PM

The UAE has announced the allocation of $10 billion for investment in promising economic sectors in Pakistan.

The announcement came following talks held by President Sheikh Mohamed, with Pakistani Prime Minister Shahbaz Sharif in Abu Dhabi to strengthen the Pakistani economy, support it, and enhance cooperation between the two countries.

During the meeting at Qasr Al Shati, Sheikh Mohamed and Sharif discussed opportunities to develop cooperation in various priority sectors, particularly economy, trade, and development, to serve common interests and enhance both countries' vision of sustainable economic development and prosperity.

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Sharif affirmed his country's commitment to bolstering its ties with the UAE and expanding their cooperation in economy, trade and investment, as well as benefiting from the UAE's inspiring development journey.


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