Pakistan says UAE eyeing investments in Sindh’s desalination, transport, construction sectors

An aerial view of the commercial district of Pakistan's port city of Karachi on January 27, 2023. (AFP/File)
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Updated 14 November 2024
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Pakistan says UAE eyeing investments in Sindh’s desalination, transport, construction sectors

  • UAE is one of Pakistan’s largest trade partners and main source of foreign investment
  • UAE-Pakistan trade volume rose to $7.9 billion in 2023, up by 12 percent from 2022

KARACHI: A spokesman for the chief minister of Pakistan’s southern Sindh province said on Thursday the UAE was interested in investing in a desalination plant in the port city of Karachi as well as in transport and construction projects.

The announcement came after a meeting between CM Murad Ali Shah and the UAE Consul General in Karachi, Bakhit Atiq Al Rimithiki, on the occasion of the National Day of the Emirates. 

The UAE is one of Pakistan’s largest trading partners and a major source of foreign investment, valued at over $10 billion in the last 20 years, according to the UAE ministry of foreign affairs. The UAE-Pakistan trade volume rose to $7.9 billion in 2023, up 12 percent from 2022.

“Discussions were also held on the investment of UAE companies in various projects in Karachi,” the CM’s office said. “UAE companies are interested in investing in Karachi’s desalination plant, transport and road and bridge construction sectors.”

The spokesman said Shah was also arranging meetings between the provincial investment department and relevant officers of the UAE.

In May this year, Prime Minister Shehbaz said the UAE had committed $10 billion to invest in promising economic sectors in Pakistan.

Earlier this month, Pakistan signed four MoUs with the AD Ports Group, a major investor in Pakistan, to explore opportunities in the maritime, air and rail sectors as well as in logistics and digital services.

With UAE partner Kaheel Terminals, AD Ports Group is already developing, operating, and managing container, bulk, and general cargo operations at the Port of Karachi, Pakistan’s major port, where it has agreed to invest almost $400 million over 15 years. 

The joint venture has agreed to invest $75 million over the next two years in superstructure and equipment, followed by $100 million within five years to increase efficiency and capacity by 75 percent, enabling the terminal to handle up to 14 million tones per annum.

Pakistan has been pushing for foreign investment in recent months in a bid to shore up its $350 billion economy as it navigates a tough reforms agenda mandated by the International Monetary Fund (IMF).


Pakistan warns against landslides, avalanches next week amid rain and snowfall prediction

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Pakistan warns against landslides, avalanches next week amid rain and snowfall prediction

  • Westerly wave likely to approach western areas from Dec. 29, persist till Jan. 2, says Met Office
  • Pakistan advises tourists to exercise caution while traveling in northern areas during the period

ISLAMABAD: Pakistan’s Meteorological Department on Sunday warned against the possibility of landslides and avalanches in the country’s northern areas next week, as it forecast heavy rains and snowfall in hilly regions. 

The Met Office predicted that a westerly wave is likely to approach Pakistan’s western areas from Dec. 29 and strengthen from Dec. 30 onwards. This wave is expected to grip most upper and central parts of the country on Dec. 31 and persist in the upper areas till Jan. 2, the PMD said. 
 
“Possibility of landslides/avalanches in hilly areas of upper Khyber Pakhtunkhwa, Gilgit-Baltistan and Kashmir during the period,” the PMD warned. 

“Tourists are advised to remain extra cautious and avoid unnecessary traveling during the period.”

The advisory warned that rainfall with wind and thunderstorm and snowfall is likely in Punjab’s Murree and the Galliyat region from Dec. 30 to Jan. 2 with occasional gaps. It also warned of rain with wind, thunderstorms and moderate snowfall in the northern Gilgit-Baltistan and Kashmir regions during the same period.

The PMD warned of rain with wind and thunderstorms, with moderate to heavy snowfall in upper areas from Dec. 30 to Jan. 1 in the northwestern Khyber Pakhtunkhwa province. 

For Sindh and Balochistan provinces, the PMD warned that rain with wind and thunderstorms with snowfall were expected over hilly areas from Dec. 29-31. 

The PMD warned snowfall may cause road closures or slippery conditions in the northern areas of Naran, Kaghan, Dir, Swat, Kohistan, Mansehra, Abbottabad, Shangla, Astore, Hunza, Skardu, Murree, Galliyat and Neelum Valley from Dec. 30 to Jan. 2. 

“Fog condition is likely to subside in central/southern parts of Punjab and upper Sindh during the wet spell,” it said. 

“Daytime temperatures are likely to drop further in the coming week, particularly after the spell.”

Authorities in the past have urged people to avoid northern areas or exercise caution in travel when weather conditions are expected to deteriorate during the winter season. 

At least 21 people, including nine children, died in freezing temperatures after being stuck in their vehicles in the Pakistani hill station of Murree in January 2022 when roads became impassable due to heavy snow.