Pakistan, UAE sign MoUs in multiple sectors
- Sectors include banking, mining, railways, and infrastructure
Pakistan and the United Arab Emirates (UAE) signed on Thursday agreements and memorandums of understanding (MoUs) for investment in the banking, mining, railways, and infrastructure sectors, a statement from the Prime Minister’s Office (PMO).
The development comes after Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan was given a guard of honour at the Prime Minister’s House in Islamabad on Thursday as he arrived on his first official visit to Pakistan at the invitation of Prime Minister Shehbaz Sharif.
Upon his arrival, the crown prince received a warm welcome. President Asif Ali Zardari, PM Shehbaz Sharif, and other top government and diplomatic officials warmly received him at Nur Khan Airbase.
Children in traditional attire presented him with bouquets as a gesture of welcome. The venue was decorated with the flags of Pakistan and the UAE, and a group of children waved flags to greet the distinguished guest.
The crown prince is leading a high-level delegation that includes ministers, senior officials, and key business leaders.
Upon his arrival at the PM House, the Abu Dhabi crown prince was presented with a guard of honour by a contingent of the armed forces, Radio Pakistan reported.
During his visit, he will discuss matters of mutual interest with Pakistan’s leadership and focus on strengthening economic and investment ties.
Both countries are set to sign several agreements and Memorandums of Understanding (MoUs) to enhance cooperation in multiple sectors. These agreements aim to create new opportunities for joint projects and long-term economic collaboration between Pakistan and the UAE.
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