Prime Minister Shehbaz Sharif on Tuesday hailed the recent announcement United Arab Emirates to invest $1 billion in various economic and investment sectors in Pakistan.
These views he expressed during a telephone conversation with UAE President Sheikh Mohammed bin Zayed Al Nahyan.
Last week, the UAE news WAM reported that the kingdom intends to invest $1 billion. in Pakistani companies through various sectors.
AT move most likely help revive investor sentiment in a country that is suffering from the depletion of foreign exchange reserves, as well as the depreciation of the rupee.
Previously on Sunday, prime minister in tweet thanked UAE president for investments that his country was going to make in Pakistan various sectors.
During a call with The President of the UAE today, Prime Minister Shehbaz emphasized the generous support extended from the gulf country to pakistan over years and thanked him.
The two leaders exchanged views on has the meaning of common interest, the prime minister’s office said. in statement.
reaffirming the close fraternal ties between the two countries, they agreed work closely to further strengthen bilateral cooperation in different fields.
AT prime minister expressed his condolences on damage caused due to recent floods in Emirates, as a result in loss of precious lives, including of citizens of Pakistan.
He also expressed his deepest condolences with Emirates Brothers.
UAE President also extended his sincere condolences on loss of precious lives in floods in Pakistan as well on martyrdom of army personnel in recent helicopter crash.
referring to decisions made during the Prime Minister’s visit to the UAE in In April 2022, the two leaders considered progress and decided to further strengthen trade and economic ties with Special attention on accelerating cooperation and building partnerships in areas including investment, energy and infrastructure.