ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed the UAE’s recent announcement to invest $1 billion in various economic and investment sectors in Pakistan. The Prime Minister expressed these views during a telephone conversation with the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan.
Earlier on Sunday, the Prime Minister in a tweet thanked the President of the United Arab Emirates for the investment his country was going to make in the various sectors of Pakistan.
Prime Minister Sharif highlighted the generous support given by the UAE to Pakistan over the years, the Prime Minister’s Office said in a statement posted here.
During the telephone conversation, the two leaders exchanged views on issues of common interest.
Reaffirming the close brotherly ties between the two countries, they agreed to work closely together to further enhance bilateral cooperation in various fields.
The Prime Minister offered his condolences for the damage caused by the recent floods in the Emirates, resulting in the loss of precious lives, including Pakistani nationals. He also expressed his deepest sympathy to the Emirati brothers.
The President of the United Arab Emirates also expressed deep compassion for the loss of precious lives in the floods in Pakistan as well as the martyrdom of army personnel in the recent helicopter crash.
Recalling the decisions taken during the Prime Minister’s visit to the United Arab Emirates in April 2022, the two leaders reviewed progress and decided to further strengthen trade and economic ties with particular emphasis on accelerating cooperation and the creation of partnerships in areas including investment, energy and infrastructure. .
Meanwhile, Prime Minister Muhammad Shehbaz Sharif, while appreciating Italy’s support under the European Union’s GSP Plus preferential trade scheme, stressed the need to further strengthen trade and investment relations. between Pakistan and Italy.
He called Italy a close friend of Pakistan and a reliable partner, both bilaterally and in the context of the EU.
The prime minister received Italy’s ambassador to Pakistan, Andreas Ferrarese, the media wing of the prime minister’s office said in a press release.
The Prime Minister further observed that Pakistani-Italian relations are marked by growing bilateral cooperation as well as common views on a range of regional and global issues. He said Pakistan would be particularly interested in collaborations in the renewable energy sector in which Italy has made remarkable progress.
The Prime Minister also highlighted the immense cooperation that Pakistan continues to extend to the international community following the situation in Afghanistan, especially since August last year.
The Italian Ambassador thanked the Prime Minister for receiving him and expressed his desire to increase and diversify the existing ties between the two countries.