UAE Allocates $10 Billion for Investment in Pakistan’s Economic Sectors

Abu Dhabi, UAE – The United Arab Emirates (UAE) has announced a significant investment of $10 billion in promising economic sectors in Pakistan. The allocation was revealed following talks between UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan and Pakistani Prime Minister Muhammad Shehbaz Sharif in Abu Dhabi.

During the meeting, both leaders discussed bilateral cooperation across various domains, including political, economic, social, cultural, and defense sectors. Prime Minister Shehbaz emphasized the importance of strengthening existing ties and strategic partnerships. Key areas of focus for investment include information technology, renewable energy, and tourism.

Pakistan expressed gratitude to the UAE for hosting 1.8 million Pakistani diaspora members and highlighted the country’s substantial human resource potential. The investment cooperation agreements cover energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking and financial services.

Additionally, Prime Minister Shehbaz extended an invitation to the UAE President for an official visit to Pakistan, which was graciously accepted.