Pakistan

With investment pitch in mind, PM Shehbaz arrives in UAE on day-long visit

  • Will meet His Highness Sheikh Mohamed bin Zayed, President of the United Arab Emirates and Ruler of Abu Dhabi
Published May 23, 2024

Prime Minister Shehbaz Sharif arrived on Thursday in United Arab Emirates on a day-long visit with reports suggesting that investment in Pakistan will be high on his agenda.

This is the premier’s first visit to the UAE since the election in February this year. The PM is accompanied by a high-level delegation comprising key ministers of the cabinet.

Shortly after his arrival, the PM in a post on X said that he was looking forward to a “fruitful” exchange of views with the UAE leadership.

Meanwhile, the premier was welcomed by UAE Vice President and Deputy PM Sheikh Mansour bin Zayed Al Nahyan.

In a statement, the Foreign Office (FO) said that the PM will meet His Highness Sheikh Mohamed bin Zayed, President of the United Arab Emirates and Ruler of Abu Dhabi.

“The two leaders will discuss bilateral relations between Pakistan and the UAE with special focus on trade and investment,” FO said.

PM Shehbaz is also likely to hold meetings with other Emirati dignitaries, businesspersons, and heads of financial institutions.

The FO further said that Pakistan and the UAE have long-standing fraternal relations deep rooted in religio-cultural affinity.

“Frequent high-level exchanges form a distinguishing feature of brotherly ties between the two countries.

The Prime Minister’s visit marks an important step towards further deepening multifaceted bilateral collaboration between Pakistan and the UAE.“

Earlier, sources told Business Recorder that issues related to investment in different sectors, Pakistan’s financial matters and PTCL’s pending payment are expected to be the top agenda items during the PM’s trip.

On investment cooperation in the port operations projects, Ministry of Maritime Affairs (MoMA) has proposed revenue sharing model to execute the dredging project whereas UAE side prefers the royalty model with extension in Concession Agreement.

Comments

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Aamir May 23, 2024 02:44pm
And the circus starts once again. Visits and visits and visits and zero outcome.
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Ch K A Nye May 23, 2024 03:53pm
Still flying on the PAF jet rather than commercial. I guess that his own austerity/cost cutting measures don't apply to him and his entourage.
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test May 23, 2024 04:33pm
Bring Chinese Investment by offering them naval bases, air bsaes and military bases. In return ask them to finance the 58 billion usd mega railway project connecting kashgar to gwadar, karachi, ormara
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test May 23, 2024 04:37pm
Knocking again and again on a country's door to keep saying them "we are muslim brothers now invest" is a bad idea. Pitch investment to Chinese and tell them we are a market of 270 million people etc.
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Arshad May 23, 2024 04:50pm
Kashkol.......
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PunjaBForce May 23, 2024 06:22pm
We are Pakistanis, ofcourse we are always lied to.
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MDeen, Muridke May 23, 2024 06:25pm
Confirm whether to cross or not. Fatigue setting in.
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Toy Soldier May 23, 2024 06:49pm
I must say that this man is a master in inventing new ways of holding the "kashkol".
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