UAE to invest $1 billion in Pakistani companies: WAM
Published 4 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
PSL-11: Peshawar Zalmi beat Islamabad United by 70 runs
- 8 گھنٹے قبل
War in ME undermined Pakistan’s collective economic efforts of past two years: PM Shehbaz
- 12 گھنٹے قبل
Instagram has launched another Snapchat clone
- 15 گھنٹے قبل
Xreal’s best AR glasses are $599 for good now
- 15 گھنٹے قبل
New terminal at Lahore airport to double passenger capacity this year
- 14 گھنٹے قبل
TEXAS TECH QB Checks Into Rehab for Gambling Addiction...
- ایک دن قبل
Elon Musk and Sam Altman’s court showdown will dish the dirt
- 15 گھنٹے قبل
The Trump phone still isn’t real
- 15 گھنٹے قبل
The 1980s sex scandal that explains TMZ’s move to DC
- ایک دن قبل
Pak Army continues strikes in response to unprovoked aggression by Afghan Taliban
- 14 گھنٹے قبل
The next global Trump ally to fall?
- ایک دن قبل
.jpeg&w=3840&q=75)
Rising global sport padel finds new home in Lahore
- 14 گھنٹے قبل
You May Like
Trending
