UAE commits $10 billion to invest in promising economic sectors in Pakistan: UAE media

ABU DHABI, May 23 (APP): The United Arab Emirates (UAE) has announced an allocation of USD 10 billion for investment in promising economic sectors in the Islamic Republic of Pakistan, Emirates news agency WAM reported on Thursday.

The statement came after talks held by President Sheikh Mohamed bin Zayed Al Nahyan with Pakistan Prime Minister Muhammad Shehbaz Sharif in Abu Dhabi to strengthen the Pakistani economy, support it and enhance cooperation between the two countries, the news agency reported.

Earlier, Prime Minister Shehbaz Sharif said on his official timeline

“We had a most productive exchange of views on important aspects of our bilateral cooperation, as well as an exchange of views on the regional situation. Grateful to His Highness for the UAE’s consistent support to Pakistan. We agreed to continue close cooperation to further strengthen the brotherly and cooperative ties between Pakistan and the UAE,” the Prime Minister added.