Business, Economy

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UAE to invest $1bn in Pakistani companies across various sectors

UAE's deposit brings the state's foreign reserves to $7.5 billion -- more than double last week's account balance.
By TRENDS Desk
August 6, 2022 11:13 am
  • The move aims to explore new investment opportunities and areas for cooperation in the best interest of the two countries
  • The two countries will cooperate in various fields, including gas, energy infrastructure, renewable energy, logistics etc

United Arab Emirates will invest US$1 billion in Pakistani companies, an official source told Emirates News Agency.

The move aims to explore new investment opportunities and areas for cooperation in projects across various sectors, so as to expand bilateral economic relations in the best interest of the two countries.

The official emphasized the keenness of the UAE and Pakistan to continue cooperation in various fields, including gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services.

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