Pakistan, UAE Agree To Work On Afghan Peace

Pakistan, UAE Agree To Work On Afghan Peace”

Elixir Securities Director Research Hamad Aslam said that the exuberance was led by positive developments on financing the External Account Deficit after conclusion of a successful visit by the Crown Prince of UAE.

"The United Arab Emirates-Pakistan Assistance Program (UAE PAP) has adopted a comprehensive development plan for implementation of major development projects for the service and development of people of Khyber Pakhtunkhwa, tribal areas and Balochistan province, as well as the capital of Islamabad".

The crown prince was also presented with a guard of honour by a contingent of Pakistani armed forces.

"The crown prince recognized the efforts and unparalleled sacrifices made by Pakistan to eliminate terrorism and extremism", it said, adding that the two leaders instructed the relevant authorities to expedite the finalization of the Mutual Legal Assistance Agreement to clampdown on white-collar crimes such as money-laundering.

The national anthems of both the countries were also played on the occasion.

He was received by Prime Minister Imran Khan along with Fedreal Minister for Power Omer Ayub Khan.

The Pakistan delegation includes Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umer, Information Minister Chaudhry Fawad Hussain, Minister of State for Interior Shehryar Khan Afridi and Foreign Secretary Tehmina Janjua.

The minister said the visit of Sheikh Mohamed bin Zayed Al Nahyan would further deepen the already cordial relations between Pakistan and the UAE.

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Sheikh Muhammad bin Zayed Al Nahyan is visiting Pakistan on the invitation of Prime Minister Imran Khan.

According to details, this decision was finalised during the Crown Prince of Abu Dhabi Sheikh Mohammad bin Zayed Al Nahyan's visit a day earlier.

It was the third interaction between the leadership of two countries in less than three months, which was a testimony to the special nature of brotherly relations between them, he added.

He said both the sides also discussed the issue of Pakistanis imprisoned in the UAE jails.

The two leaders chose to form a task force to take all necessary measures to deal with matters relating to trade enhancement. In return, Pakistan welcomed the UAE's investment in its oil and gas, logistics, ports and construction sectors.

"With this, Pakistan would get a total saving of about Dollars 7.9 bn on oil and gas imports from the two friendly countries - accounting for more than 60 per cent of annual oil import bill of about USD 12-13 bn, the cabinet member said".

The crown prince last visited Pakistan in January 2007.

Moreover, the country to recover from its economic crisis has been supported by another $1.5 billion trade finance from the International Islamic Trade Finance Corporation (ITFC).

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