UAE keen to boost trade ties with Pakistan

Islamabad: The United Arab Emirates (UAE) will enhance investment and trade partnership with Pakistan through its public and private companies, Ambassador Ali Mohammed Al Shamsi said on Tuesday. Two more mega projects in Lahore and in Balochistan will be executed shortly, the ambassador said according to an embassy press release issued here.

The ambassador said UAE initiative was cruising in the same streamline of the government's development programmes. He said UAE will double its volume of investments in various available sectors as UAE companies have already invested $13 billion last year.

Al Shamsi stressed the importance of setting up Khalifa Coastal Refinery at Khalifa Point in Balochistan at a cost of five billion dollars. He said UAE would continue to invest in the real estate sector with a mega project planned to be set up in Lahore. Ambassador Al Shamsi expressed appreciation for the economic policies of Pakistan.