Pakistan and UAE Strengthen Economic Ties Through Landmark Agreements



In a significant development Pakistan and the United Arab Emirates  have signed four Memoranda of Understanding (MoUs) to enhance cooperation in key economic sectors. These agreements cover areas such as customs rail and airport infrastructure maritime shipping and logistics demonstrating the commitment of both nations to deepen their economic partnership.


The MoUs were signed between various Pakistani ministries including maritime affairs aviation and railways as well as the Federal Board of Revenue and the Abu Dhabi Ports Group from the UAE. These agreements aim to explore potential collaboration and find ways to improve digital customs controls develop dedicated freight rail corridors upgrade Pakistan's maritime fleet and marine services and enhance the country's international airports.


Prime Minister Shehbaz Sharif, who witnessed the signing of the agreements emphasized the significance of the UAE government desire to enhance its investment footprint in Pakistan. He acknowledged the crucial role the UAE continues to play in boosting Pakistan economy highlighting the comprehensive economic partnership between the two nations across sectors such as trade energy, and investment.


The visit of the UAE delegation led by Dr. Thani bin Ahmed Al Zeyoudi the UAE Minister of State for Foreign Trade further underscores the strong ties between the two countries. This is particularly important as Pakistan seeks to strengthen its trade and investment relationships with friendly nations amidst the global economic challenges it faces.


Earlier this year Pakistan had announced that the UAE had committed $10 billion to invest in promising economic sectors within the country Additionally Saudi Arabia has also promised a $5 billion investment package to help Pakistan shore up its dwindling foreign reserves and tackle its chronic balance of payment crisis.


The signing of these MoUs represents a significant step forward in the economic cooperation between Pakistan and the UAE By leveraging their complementary strengths and synergies the two countries are poised to drive sustainable development and prosperity in the region ultimately benefiting their citizens and the broader economic landscape.

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