UAE and Pakistan Forge Strategic Partnerships with New Agreements
Key MoUs signed in sectors including mining, railway expansion, and special economic zones during Crown Prince's official visit.
Islamabad: Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, the Crown Prince of Abu Dhabi, engaged in official dialogues with Muhammad Shehbaz Sharif, Prime Minister of Pakistan, on Thursday at the Prime Minister’s Office in Islamabad.
The discussions were centered around the longstanding bilateral relations, emphasizing a commitment to enhance partnerships across crucial economic and developmental sectors.
During the meeting, Sheikh Khaled bin Mohamed underscored the importance of strengthening the UAE-Pakistan partnership and the significant milestones achieved thus far.
He noted the shared vision of both nations’ leadership in recognizing economic and developmental collaboration as essential for sustainable growth.
Sheikh Khaled's official visit, representing President His Highness Sheikh Mohamed bin Zayed Al Nahyan, commenced at the Nur Khan Air Base, where he was welcomed by Pakistan's President Asif Ali Zardari, Prime Minister Muhammad Shehbaz Sharif, and numerous senior officials.
The strategic partnership between the UAE and Pakistan was highlighted as a notable model of impactful collaboration, particularly in areas such as railway network expansion, natural resource exploration, and financial sector investments, essential for fostering robust trade exchanges.
An official reception ceremony welcomed Sheikh Khaled, involving the playing of the national anthems and a review of the guard of honour.
Following their discussions, Sheikh Khaled and Sharif signed several Memoranda of Understanding (MoUs) and cooperation agreements targeting diverse sectors.
Among the agreements, Etihad Rail and Pakistan's Ministry of Railways signed MoUs aimed at enhancing the operational efficiency of the current railway network and establishing a new railway system to bolster regional connectivity, facilitating mobility, and supporting economic growth in Pakistan.
A partnership was also established in the mining sector, with International Resources Holding (IRH)—a subsidiary of 2PointZero, part of International Holding Company (IHC)—and Mari Energies agreeing to launch a joint exploration project for copper and gold in Balochistan's Chagai district.
Additionally, Eve Holding RCS, another subsidiary of 2PointZero, entered a commitment agreement to acquire 82.64% of the shares of First Women Bank Limited (FWBL), a significant player in Pakistan’s banking sector.
Furthermore, an MoU was inked between AD Ports Group and the Pakistan Board of Investment to explore the establishment of a Special Economic Zone near Karachi Port and Port Qasim, aiming to promote trade and bolster economic activities within the region.
The meeting was attended by prominent figures from both sides, including Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero; Sheikh Khalifa bin Tahnoon bin Mohammed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court; and several other officials from both governmental and business sectors, underscoring the significance of the agreements reached.
The discussions were centered around the longstanding bilateral relations, emphasizing a commitment to enhance partnerships across crucial economic and developmental sectors.
During the meeting, Sheikh Khaled bin Mohamed underscored the importance of strengthening the UAE-Pakistan partnership and the significant milestones achieved thus far.
He noted the shared vision of both nations’ leadership in recognizing economic and developmental collaboration as essential for sustainable growth.
Sheikh Khaled's official visit, representing President His Highness Sheikh Mohamed bin Zayed Al Nahyan, commenced at the Nur Khan Air Base, where he was welcomed by Pakistan's President Asif Ali Zardari, Prime Minister Muhammad Shehbaz Sharif, and numerous senior officials.
The strategic partnership between the UAE and Pakistan was highlighted as a notable model of impactful collaboration, particularly in areas such as railway network expansion, natural resource exploration, and financial sector investments, essential for fostering robust trade exchanges.
An official reception ceremony welcomed Sheikh Khaled, involving the playing of the national anthems and a review of the guard of honour.
Following their discussions, Sheikh Khaled and Sharif signed several Memoranda of Understanding (MoUs) and cooperation agreements targeting diverse sectors.
Among the agreements, Etihad Rail and Pakistan's Ministry of Railways signed MoUs aimed at enhancing the operational efficiency of the current railway network and establishing a new railway system to bolster regional connectivity, facilitating mobility, and supporting economic growth in Pakistan.
A partnership was also established in the mining sector, with International Resources Holding (IRH)—a subsidiary of 2PointZero, part of International Holding Company (IHC)—and Mari Energies agreeing to launch a joint exploration project for copper and gold in Balochistan's Chagai district.
Additionally, Eve Holding RCS, another subsidiary of 2PointZero, entered a commitment agreement to acquire 82.64% of the shares of First Women Bank Limited (FWBL), a significant player in Pakistan’s banking sector.
Furthermore, an MoU was inked between AD Ports Group and the Pakistan Board of Investment to explore the establishment of a Special Economic Zone near Karachi Port and Port Qasim, aiming to promote trade and bolster economic activities within the region.
The meeting was attended by prominent figures from both sides, including Sheikh Zayed bin Hamdan bin Zayed Al Nahyan, Chairman of 2PointZero; Sheikh Khalifa bin Tahnoon bin Mohammed Al Nahyan, Chairman of the Abu Dhabi Crown Prince’s Court; and several other officials from both governmental and business sectors, underscoring the significance of the agreements reached.
Translation:
Translated by AI
