Pakistan PM to discuss economic, regional issues with UAE president during Abu Dhabi visit

This file photo, released on May 19, 2025, shows Pakistan Prime Minister Shehbaz Sharif arriving in Karachi. (Photo courtesy: PMO/File)
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Updated 11 June 2025
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Pakistan PM to discuss economic, regional issues with UAE president during Abu Dhabi visit

  • Shehbaz Sharif will meet Sheikh Mohamed bin Zayed during an official trip to the Gulf state tomorrow
  • Last month, the Pakistan PM sought deeper economic partnership with the UAE in a call with the president

ISLAMABAD: Prime Minister Shehbaz Sharif will meet United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan during an official visit to the Gulf state tomorrow, with discussions expected to focus on economic cooperation and recent regional developments, the Pakistani foreign office said on Wednesday.

Sharif’s trip comes amid Pakistan’s deepening ties with Gulf nations, including the UAE, as it strives to revive its economy through export-led growth and foreign investment.

The UAE is Islamabad’s third-largest trading partner and a major investor. It is also home to over a million Pakistani expatriates and has been a critical ally during Islamabad’s recent financial crisis, depositing funds in Pakistan’s central bank to help unlock International Monetary Fund (IMF) assistance.

“Prime Minister Muhammad Shehbaz Sharif will undertake an official visit to the United Arab Emirates on 12 June 2025,” the foreign office said in a statement.

“Prime Minister Sharif will hold high-level meetings with the UAE leadership, including a bilateral meeting with the President of the UAE and Ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan,” it added. “A wide range of bilateral, regional and global issues of mutual interest and concern will be discussed during the high-level interactions.”

The foreign office said the visit reflected the “deep-rooted fraternal ties” between the two countries, marked by “mutual trust, shared values and close cooperation across multiple sectors.”

In January 2024, Pakistan and the UAE signed agreements exceeding $3 billion for cooperation in railways, economic zones and infrastructure.

Last month, Sharif held a phone call with the UAE president in which he expressed satisfaction over growing ties and pledged to transform the relationship into a “mutually beneficial economic partnership.”

During the call, the two leaders also discussed tensions between Pakistan and India that recently escalated into cross-border hostilities involving missile strikes, drones and artillery fire.

Sharif thanked the UAE for its “constructive diplomatic role” in defusing the crisis and said the Gulf nation had “always stood by Pakistan, through thick and thin.”

The UAE is also a strategically favorable destination for Pakistan due to its proximity, minimizing freight costs. The prime minister’s visit is expected to reinforce ongoing economic cooperation and explore new areas of strategic partnership.


Pakistan says eyeing billions in investments through crypto projects in coming years

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Pakistan says eyeing billions in investments through crypto projects in coming years

  • Pakistan Virtual Assets Regulatory Authority Chairman attends Abu Dhabi Bitcoin Conference 2025
  • Says Pakistan considers Bitcoin, digital assets “a fundamental pillar of the future financial system“

ISLAMABAD: Pakistan Virtual Assets Regulatory Authority Chairman Bilal bin Saqib said this week that Islamabad is eyeing billions in investment through digital assets initiatives and cryptocurrency projects in the coming years, state media reported. 

Analysts have said Pakistan’s attempts to tap into the country’s growing crypto market, crack down on money laundering and terror financing, and promote responsible innovation could bring an estimated $25 billion in virtual assets into the tax net.

Pakistan has attempted to bring virtual asset service providers (VASPs) under a formal licensing regime in recent months. PVARA this month also granted no objection certificates (NOCs) to global crypto exchanges Binance and HTX.

Speaking during an interview at the Abu Dhabi Bitcoin Conference 2025, Saqib said Pakistan is reforming the unregulated crypto market to transform it into a “transparent and investor-friendly system in line with global standards,” state broadcaster Radio Pakistan reported on Saturday. 

“He said that interim licenses, mining, tokenization and fintech pilot projects have been launched for major exchanges in Pakistan and billions of dollars are expected to be invested in these projects in the next few years,” Radio Pakistan said in its report. 

The PVARA chairman said Pakistan has become the “center of attention” globally due to the significant progress it has achieved in crypto regulation.

Saqib said Islamabad considers Bitcoin and digital assets not only an investment but “a fundamental pillar of the future financial system.”

“He said that Pakistan’s goal is to make youth not consumers but digital creators and architects of the new economy,” Radio Pakistan said. 

Pakistan’s move to formalize digital asset regulation comes amid broader economic reforms under an International Monetary Fund program, with authorities under pressure to strengthen financial controls, improve transparency and manage risks linked to emerging technologies. 

While officials have framed the crypto framework as regulation-first rather than promotion-led, analysts say its implementation, particularly enforcement and coordination with the central bank, will be closely watched by international lenders and investors.