UAE allocates financial assistance worth $200m for Pakistan’s economic projects

ISLAMABAD: After a daylong visit to Islamabad to focus on strengthening bilateral ties and discussing regional and international issues, Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed Al Nahyan extended financial support worth $200 million to enhance the strategic partnership between the two nations.

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The $200 million support extended to Pakistan by the first foreign dignitary visiting the country in 2020 will be utilised for various economic projects including development of Small and Medium Enterprises (SME) projects in Pakistan.

“The visit of His Highness the Crown Prince is reflective of the special relations between Pakistan and UAE, which continue to grow deeper with the passage of time. The two leaders reaffirmed their resolve to take these relations to a new level.” Read an official handout.

Prime Minister Imran Khan welcomed the UAE’s interest in investing in myriad sectors in Pakistan and reiterated his government’s resolves to provide maximum facilitation for UAE investments.

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