UAE Likely To Invest $20-25 Billion In Cash-Strapped Pakistan: Report
NDTV
The exact worth of the MoUs was not shared by the authorities but sources said the UAE was expected to invest between USD 20-25 billion in cash-strapped Pakistan under the agreements.
Pakistan and the UAE have inked several agreements under which the Gulf nation is likely to invest between USD 20-25 billion in the cash-strapped nation, according to a media report.
The signing ceremony took place on Monday in Abu Dhabi after caretaker Prime Minister Anwaarul Haq Kakar's meeting with the UAE President Sheikh Mohammed bin Zayed Al Nahyan, The Express Tribune newspaper reported.
The Memorandums of Understanding (MoUs) cover investment cooperation across various sectors, including energy, port operations, wastewater treatment, food security, logistics, mining, aviation, and banking and financial services.
