The UAE envoy in Islamabad Ali Mohammed Al-Shamsi said on Wednesday that the Emirates has set the target of $100 billion investment in Pakistan. He, in a statement, said that his country wants stability and progress in Pakistan and assures its full co-operation for building strong economic and trade partnership for the mutual benefit of both the countries.
The envoy said that Pakistan's promising market and its potentials under conducive environment would encourage the UAE companies both public and private for investment target of $100 billion in Pakistan. The UAE investment, at present, stands at $20 billion with assets and projects for Karachi to the tune of $50 billion.
"This is a clear message which indicates the determination and will of the UAE to build a unique economic partnership between the two brotherly countries," said Al-Shamsi, in a statement.
He said the leaders of the United Arab Emirates have expressed their desire to upscale the political and economic relations to the highest level while extending their congratulations to Syed Yousef Raza Gillani on his election as prime minister wishing him success in his new assignment.
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