UAE to invest $1 billion in Pakistani companies: WAM
Published 3 years ago on Aug 6th 2022, 4:24 am
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
PM Shehbaz arrives in Qatar for Arab-Islamic Summit
- 3 گھنٹے قبل
Owen Cooper makes Emmy history as youngest winner at 15 for ‘Adolescence’ role
- 4 گھنٹے قبل
.jpg&w=3840&q=75)
Eleven bodies recovered from floodwaters in Alipur
- 4 گھنٹے قبل
Pakistan Business Forum urges govt to take concrete steps for agriculture sector
- 4 گھنٹے قبل
Artists call for ‘Free Palestine’ at Emmy Awards in Los Angeles
- 3 گھنٹے قبل
Imaan Mazari files harassment complaint against IHC Chief Justice
- 5 گھنٹے قبل
Booed by own fans, Arch says he must improve
- 4 گھنٹے قبل
Met office predicts hot, dry weather in most parts of country
- 3 گھنٹے قبل
Pakistan won't play any more Asia Cup matches if match referee isn't replaced: PCB
- 5 گھنٹے قبل
Ayesha Gul becomes first female SSP in Khyber Pakhtunkhwa's history
- ایک گھنٹہ قبل
PCB suspends official over inaction in sportsmanship row during Pak-India match
- 5 گھنٹے قبل
Two new polio cases confirmed in KP
- 3 گھنٹے قبل
You May Like
.jpg&w=3840&q=75)
Trending
