ISLAMABAD: Prime Minister Shehbaz Sharif welcomed the decision of a United Arab Emirates-based maritime and logistics company to invest in infrastructure development at Karachi Port and Pakistan’s shipping industry while meeting its top management in Islamabad on Friday.
The Abu Dhabi Ports Group signed a memorandum of understanding with the Karachi Port Trust on Thursday to help turn Pakistan into a “premier hub” for transshipment and imported and exported cargo.
The prime minister met Sheikh Ahmed Dalmook Al Maktoum, the group’s chairman and member of the UAE royal family, along with his other cabinet members.
“Referring to the fraternal ties between Pakistan and UAE, the Prime Minister said Pakistan attaches great importance to further expanding brotherly ties with UAE in diverse fields, particularly in trade and investment,” said a statement issued by the PM Office after the meeting. “The Prime Minister welcomed the keen interest of Abu Dhabi Ports to invest in the ports and shipping industry of Pakistan.”
The UAE is Pakistan’s third-largest trading partner after China and the United States. It is also an ideal export destination for the South Asian nation as the short distance between the two countries limits transportation costs and facilitates commercial exchanges.
The chairman of Abu Dhabi Ports Group said he would be visiting Pakistan again within two months “to give further momentum to UAE’s investment” in the country.
The UAE envoy to Pakistan, Hammad Obaid Ibrahim Salem Al Zaabi, was also present during the meeting.
PM Sharif welcomes Abu Dhabi’s investment interest in Pakistan’s ports and shipping industry
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PM Sharif welcomes Abu Dhabi’s investment interest in Pakistan’s ports and shipping industry
- The prime minister says Pakistan and the UAE should further expand their trade and investment ties
- Abu Dhabi Ports Group wants to turn Pakistan into a ‘premier hub’ for transshipment in the region
Putin calls Russia’s ties with Pakistan ‘mutually beneficial’
- The Russian President mentions the ties as Pakistan’s new envoy presents his credentials in Moscow
- Pakistan and Russia have strengthened relations in recent years, expanding cooperation in key sectors
ISLAMABAD: Russian President Vladimir Putin has described relations with Pakistan as “mutually beneficial,” according to a social media post by his country’s embassy in Pakistan on Friday, as he met newly appointed Pakistani ambassador Faisal Niaz Tirmizi during a credentials ceremony in Moscow.
Pakistan and Russia have steadily strengthened bilateral ties in recent years while working to further expand cooperation in trade, investment, energy and connectivity.
“We maintain close cooperation with Pakistan, a full member of the Shanghai Cooperation Organization, the largest regional organization in terms of economic, technological, and human potential,” Putin was quoted as saying in a post on X. “Russia
Pakistan relations are genuinely mutually beneficial.”
In recent years, Pakistan and Russia have pledged to deepen economic ties, explore barter trade and energy deals, and boost people-to-people contacts. High-level visits have also taken place between officials of both countries, highlighting interest in expanding cooperation in technology, agriculture and transport.
Last December, Pakistan Finance Minister Muhammad Aurangzeb said Russia and Pakistan were in talks on a potential oil-sector agreement.
Earlier, in May, Pakistan and Russia agreed to establish a steel mill in Karachi, aiming to boost bilateral ties and expand industrial collaboration.
The two countries are also working on the Pakistan Stream Gas Pipeline, a major infrastructure project aimed at transporting imported gas from Karachi to Punjab to help meet Pakistan’s energy needs.
In 2023, Pakistan and Russia also discussed a deal for the delivery of Russian crude to Pakistan, and talks have continued on broader energy partnerships.
