This announcement was made during a meeting between UAE President Sheikh Mohamed bin Zayed Al Nahyan and Pakistan's Prime Minister Shahbaz Sharif in Abu Dhabi.

The talks covered a broad spectrum of bilateral relations, including political, economic, social, cultural, and defense sectors. Prime Minister Sharif underscored the importance of enhancing existing cooperation and strengthening the strategic partnership, particularly in the fields of information technology, renewable energy, and tourism.

Sharif highlighted the steps taken by his government to ensure socio-economic stability in the country and boost investor confidence. In response, Sheikh Mohamed bin Zayed Al Nahyan assured the UAE's unwavering support and committed to investing in various sectors in Pakistan.

The leaders also discussed a range of shared interests, including regional and global developments. Prime Minister Sharif reiterated his invitation for an official visit to Pakistan, which was accepted by the UAE President.

This investment is seen as a significant step towards strengthening the economic ties between the two nations and is expected to have a positive impact on Pakistan's socio-economic landscape. (ILKHA)