Pakistan gets US$ 2 billion roll-over from UAE


ABU DHABI, UAE: Pronouncing the United Arab Emirates’ (UAE) decision to roll-over the US$ 2 billion deposit by the Abu Dhabi Fund, the UAE Foreign Minister His Highness Sheikh Abdullah bin Zayed Al Nahyan has affirmed the commitment to extend every possible support to Pakistan.

Talking to the Foreign Minister Shah Mahmood Qureshi at the UAE’s Ministry of Foreign Affairs in Abu Dhabi on Monday evening, His Highness Sheikh Abdullah acknowledged the valuable role played by the Pakistani diaspora in the UAE’s growth and prosperity.

Qureshi thanked his UAE Counterpart, underscoring that the decision reflected the warm and brotherly ties between the two Countries.

The two foreign ministers held detailed discussions after the delegation-level talks.

They reviewed the entire gamut of Pakistan-UAE bilateral relations, discussing ways to enhance cooperation in diverse areas including trade, investment, infrastructure, energy, technology, tourism and manpower.

Both the foreign ministers also discussed ways to provide fresh impetus to existing Pakistan-UAE ties. In this regard, they agreed to facilitate ministerial-level visits from both sides.

Shah Mahmood Qureshi appreciated the UAE’s progress and development over the last five decades. He attributed this achievement to the sagacious and visionary leadership of the nation.

The two foreign ministers reaffirmed their mutual desire to further strengthen cordial relations between the two countries.

Qureshi also outlined his plans for showcasing the history as well as the future potential of Pakistan-UAE cooperation at EXPO 2020 Dubai in October 2021.

The foreign minister lauded the positive contribution of the Pakistani diaspora in the UAE towards the development and progress of both Countries. He emphasized the need for nurturing and strengthening people-to-people linkages, as well as removing impediments that hamper travel between the two Countries.

Shah Mahmood Qureshi thanked the UAE for its continued support and cooperation bilaterally, as well as at the international fora.

Besides, the two foreign ministers also exchanged views on regional and global issues of mutual interest.

The Foreign Minister Shah Mahmood Qureshi briefed his Counterpart on the grave human rights situation in the Indian Illegally Occupied Jammu and Kashmir (IIOJK) and Pakistan’s consistent efforts to support the ongoing peace and reconciliation process in Afghanistan.

Expressing sincere appreciation for UAE’s warm hospitality, Qureshi reiterated his invitation to Foreign Minister Abdullah to visit Pakistan at the earliest opportunity. Foreign Minister Abdullah graciously accepted the invitation.

Concluding his visit to the UAE (April 17-19, 2021), Shah Mahmood Qureshi departed the UAE today (Tuesday).

In addition to his official engagements, the Foreign Minister Shah Mahmood Qureshi met the Pakistan Business Council, members of the Pakistani Community including investors and businessmen in Dubai, and interacted with local and international media in Abu Dhabi and Dubai.

Qureshi also visited EXPO 2020 Dubai and the Pakistan Pavilion being set up to showcase the potential of Pakistan in the region’s biggest-ever exposition organized by the UAE.

Pakistan and the UAE enjoy close fraternal ties for almost five decades that are rooted firmly in common belief and shared values and culture. The relationship is marked by high-level visits and interactions that provide continuous momentum to bilateral cooperation.

This was the second visit by the Foreign Minister Shah Mahmood Qureshi to the UAE in the past five months.

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