UAE’s economic team to arrive in Pakistan for ‘implementation of decisions’ during PM’s visit – World


A team of economists from the United Arab Emirates (UAE) will arrive in Pakistan for a “quick visit” to implement decisions taken by the leaders of both countries, the Office of the Prime Minister (PMO) said on Monday.

The announcement comes a day after Prime Minister Shehbaz Sharif’s visit to the UAE since taking office, following a three-day visit to Saudi Arabia.

During his visit, PM Shehbaz met with Sheikh Mohamed bin Zayed Al Nahyan, Prince of Abu Dhabi and Deputy Chief Executive Officer of the UAE. They discussed advancing the old relationship between the two countries, and the hope of further cooperation in the various sectors.

The two sides assess a number of regional and foreign issues of concern, according to Emirates News Agency.

The meeting was held at Qasr Al Shati Palace where the prince of Abu Dhabi wished PM Shehbaz success in leading Pakistan to progress and prosperity in the future.

In a series of tweets today, the PMO said a team of economists had visited the country to ensure the implementation of the decisions taken during the meeting the day before.

The delegation would meet with Prime Minister Shehbaz on May 3 (tomorrow) in Lahore, where talks would be held on proposals to expand economic activities between Pakistan and the UAE.

Talks will be held to promote economic, trade and investment activities between the two countries and the visiting delegation will be briefed on the investment climate and opportunities in Pakistan, the PMO said.

In addition, workshops on energy, petroleum and industry sectors will be held.

Last year, Pakistan and the UAE celebrated 50 years of diplomatic relations.

The Gulf country has decided to issue a $ 2 billion loan to Pakistan in April 2021, with the UAE foreign minister confirming his commitment to “expand all possible support”.

Later in the year, the Deputy President and Prime Minister of the United Arab Emirates Sheikh Mohammed bin Rashid Al Maktoum reiterated the decision to strengthen bilateral relations in a meeting with President Dr Arif Alvi.

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