UAE to invest $1 billion in Pakistani companies: WAM
Published 3 سال قبل on اگست 6 2022، 4:24 صبح
By Web Desk
The United Arab Emirates intends to invest $1 billion in Pakistani companies across various sectors, state news agency (WAM) reported citing an official source in Abu Dhabi.
The UAE is keen to continue cooperation with Pakistan “in various fields, which include gas, energy infrastructure, renewable energy, health care,” the agency added.
The move will likely help revive investor sentiment in the country, which has been beset by dwindling foreign exchange reserves as well as a depreciating rupee. However, as an IMF bailout programme becomes clearer, sentiment has improved and the stock market on Friday rallied by some 670 points.
SOURCE: REUTERS
Welcome to the May issue of The Highlight
- 5 گھنٹے قبل
Pakistan Army retaliation, IPL suspended
- 7 منٹ قبل
Pakistan rejects Indian media's allegations, propaganda
- 4 گھنٹے قبل
Why are men so much more right-wing than women now?
- 5 گھنٹے قبل
Pakistan's foreign exchange reserves increase by $118mn
- ایک گھنٹہ قبل
Why the Karen Read retrial might end differently this time
- 5 گھنٹے قبل
Flight operations at Jinnah Int’l Airport resumes
- 4 گھنٹے قبل
Pak-India tensions: Remaining matches of PSL 10 to be played abroad
- 4 گھنٹے قبل
Indian army shelling on Kotli, 4 including newborn martyred
- 2 گھنٹے قبل
Rain in Punjab, hail likely in few places
- 2 گھنٹے قبل
US not to intervene in Pakistan-India war
- 4 گھنٹے قبل
Pakistan Army shoots down 4 Indian drones in Okara Cantt
- 2 گھنٹے قبل
You May Like
Trending
