Pakistan’s policymakers term UAE as a key export market, benefiting from its proximity and reduced transportation costs.
Pakistan, UAE to Sign Major Economic Deals as Crown Prince Sheikh Khaled Arrives. Crown Prince of Abu Dhabi, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, on Thursday arrived in Islamabad.
He was welcomed by President Asif Ali Zardari and Prime Minister Shehbaz Sharif at the Nur Khan Airbase. First Lady Aseefa Bhutto Zardari also accompanied the President.
During the visit, the crown prince will engage in wide-ranging interactions with the leadership of Pakistan to promote economic as well as investment cooperation.
UAE, one of Pakistan’s key trading partner, has been a key source of foreign investment and recent visit of Sheikh Khaled’s visit, comes at the invitation of Pakistani Prime Minister Shehbaz Sharif. UAE Ruler will land in the country along with high-level delegation of ministers, senior officials, and business leaders.
His visit speaks of longstanding, friendly ties, and underscores mutual commitment to further strengthening their economic partnership. According to Pakistan’s foreign office, the crown prince will engage in high-level discussions with Pakistani leadership to exchange views on matters of shared interest, bolster historical connections, and explore new avenues for economic cooperation and investment.
Several key agreements and MoUs are expected to be signed during the visit, as these agreements are said to enhance the existing framework for long-term collaboration in various sectors, opening new opportunities for joint ventures and projects aimed at furthering economic cooperation between both nations.
Last year, two sides inked agreements worth over $3 billion focused on railways, economic zones, and infrastructure projects. Pakistan’s policymakers term UAE as a key export market, benefiting from its proximity and reduced transportation costs.
