Manufacturing UAE to invest $1b in Pakistan’s economic, investment sectors By Pramod Kumar August 6, 2022 Creative Commons The UAE's move aims to explore new investment opportunities and areas for cooperation in projects across various sectors in Pakistan The UAE plans to invest $1 billion in Pakistani companies across various economic and investment sectors, UAE state-owned news agency WAM reported, citing an official source in Abu Dhabi. The move aims to explore new investment opportunities in projects across various sectors and expand bilateral economic relations. Additionally, it emphasises the keenness of the UAE and Pakistan to continue cooperation in various fields, including gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services. In March, leaders of the UAE and Pakistan reaffirmed earlier commitments made by the two countries to boost bilateral trade. According to the United Nations’ Comtrade database on international trade, Pakistan’s imports from the UAE stood at £5.9 billion ($7.12 billion) in 2021. However, there is currently no formal free trade agreement between the two nations.
