Pakistan Offered United Arab Emirate (UAE) To Invest In CPEC Projects:
Pakistan invited Saudi Arabia, and Saudi Arabia agreed to become a third strategic partner in China-Pakistan Economic Corridor (CPEC). After Saudi Arabia, Pakistan has asked the United Arab Emirates (UAE) to invest in CPEC projects. Pakistan’s ambassador to UAE Moazzam Ahmad Khan has said that we would share the benefits of CPEC with UAE and have invited the country to invest in CPEC.
Mozzam Ahmad Khan also said that this is a good initiative that will enhance Pakistan’s economic conditions and will turn Pakistan into a hub of trade, economic connectivity and industrialisation.
He also said that we are expecting that other Gulf countries will also join CPEC and more investment in Pakistan from Gulf countries is expected after PM Imran Khan’s visit to Gulf countries.
PM Khan visited the UAE on September 19 and held talks with Crown Prince of Abu Dhabi Shaikh Mohammad Bin Zayed Al Nahyan and Deputy Supreme Commander of the UAE Armed Forces to boost ties.
He also said, “Pakistan and the United Arab Emirates have decided to take the relationship to the next level and expand it further in all areas, including investment, trade, defence and security cooperation,”.
The ambassador said that bilateral trade reached $8.6 billion for the financial year 2017-18 compared to $6.2 billion in the previous financial year (2016-17).
“UAE companies are also investing heavily in Pakistan, especially in telecom, refinery and ports and the total investment from the UAE is $3 to $4 billion,” he added.
News Source: Samaa Tv