Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan arrived in Islamabad today for his inaugural official visit to Pakistan. Accompanied by a high-level delegation of ministers, senior officials, and business leaders, the Crown Prince was received by Prime Minister Shehbaz Sharif and President Asif Ali Zardari.
The United Arab Emirates (UAE) stands as Pakistan’s third-largest trading partner, following China and the United States, with over $10 billion in foreign investment in Pakistan over the past two decades. This visit is poised to further enhance economic cooperation between the two nations.
During the visit, several agreements and memoranda of understanding are anticipated to be signed, aiming to bolster collaboration across various sectors. Analysts suggest that Pakistan could benefit from joint ventures with the UAE in agriculture, mining, oil exploration, and tourism, potentially boosting its foreign exchange earnings.
This diplomatic engagement underscores Pakistan’s ongoing efforts to strengthen economic ties with Gulf and Central Asian countries, especially as it navigates economic recovery supported by a $7 billion International Monetary Fund bailout.
