Pakistan, UAE agree to strengthen economic ties in trade and energy: joint statement

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A team of economic experts from the United Arab Emirates met with Prime Minister Shehbaz Sharif and expressed its determination to strengthen “bilateral economic cooperation” between both countries, mainly in the sectors of commerce, energy, infrastructure, and oil.

The delegation arrived in Pakistan on 3 May for the purpose of discussing the implementation of the decisions made by the leadership of both countries during Premier Shahbaz’s recent trip to the Middle East.

“Pakistan warmly welcomes this fraternal gesture and is keenly interested in welcoming the important investments of the UAE brothers.” It statement adds.

The statement went on to state that both sides have agreed to strengthen bilateral economic cooperation, including in the areas of trade, energy, infrastructure, oil, and other important sectors. They also agreed to maintain close contact for the “implementation of investment and trade decisions taken at the management level”.

Prime Minister Shehbaz made a trip to the UAE upon his return from Saudi Arabia. While in the United Arab Emirates, Prime Minister Shehbaz met with Sheikh Mohamed ben Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates Armed Forces.

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They discussed promoting the long-standing relationship between the two nations and the prospects for stimulating cooperation on different fronts.

The two sides discussed several regional and international issues of mutual interest, according to the Emirates news agency.

The meeting was held at the Qasr Al Shati Palace where the Crown Prince of Abu Dhabi wished Prime Minister Shehbaz success in bringing Pakistan towards further progress.

Prime Minister Shehbaz visited the United Arab Emirates on his return from his state visit to Saudi Arabia, which was his first as Prime Minister.

Photo: APP

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