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UAE President, Pakistani Prime Minister discuss bilateral relations
President His Highness Sheikh Mohamed bin Zayed Al Nahyan welcomed His Excellency Anwaar-ul-Haq Kakar, Prime Minister of the Islamic Republic of Pakistan, who is on a working visit to the UAE. During the meeting at Qasr Al Bahr in Abu Dhabi, His Highness and the Prime Minister of Pakistan discussed cooperation between the UAE and Pakistan, with an emphasis on expanding opportunities to serve the interests of both nations. Particular focus was given to economic, investment, and developmental areas, alongside agriculture, food security, and energy, among other areas of cooperation that drive sustainable development and contribute to the prosperity of both countries. This engagement underscores the deep historical ties and mutual friendship that bind the UAE and Pakistan.The two leaders also reviewed regional and international issues of mutual interest, including developments in the Middle East and the crisis in the Gaza Strip. The meeting underscored the critical need for sustainable channels to deliver humanitarian aid to the Gazan people and the urgency of establishing an enduring ceasefire. They emphasiSed the need for international action to establish a clear path towards achieving a comprehensive, just, and lasting peace in the region, thereby ensuring the preservation of regional and global peace and stability. The meeting also touched upon the significance of the upcoming UN Climate Change Conference (COP28) in the UAE, highlighting its role in finding sustainable solutions and practical pathways to accelerate climate action. Anwaar-ul-Haq Kakar expressed his appreciation for the long-standing friendship between Pakistan and the UAE. He thanked His Highness Sheikh Mohamed bin Zayed Al Nahyan for the UAE's sustained developmental support and impactful initiatives in Pakistan, especially in the fields of health, education, and development. His Highness Sheikh Mohamed bin Zayed Al Nahyan and His Excellency Anwaar-ul-Haq Kakar witnessed the exchange of memoranda of understanding in various fields, including banking and financial services, energy, food and agriculture, logistics, mining, port operations, and water treatment.The memoranda were exchanged on behalf of the UAE by His Excellency Mohamed Hassan Alsuwaidi, Minister of Investment, and on the Pakistani side by Her Excellency Dr. Shamshad Akhtar, Minister for Finance, Revenue, and Economic Affairs. The meeting and the exchange ceremony were attended by His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court; H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of Abu Dhabi Executive Council; H.H. Sheikh Hamdan bin Zayed Al Nahyan, Ruler's Representative in Al Dhafra Region; H.H. Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan; Sheikh Mohammed bin Hamad bin Tahnoun Al Nahyan, Advisor for Special Affairs at the Ministry of Presidential Court; Ali Mohammed Hammad Al Shamsi, the Secretary-General of the Supreme Council for National Security; Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure; Mohamed Hassan Alsuwaidi, Minister of Investment; Hamad Obaid Ibrahim Salem AlZaab, Ambassador of UAE to Islamabad; as well as the accompanying delegation of the Prime Minister of Pakistan, comprising several ministers and senior officials.
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PM Shehbaz, UAE president exchange Eid greetings over telephone
Sheikh Mohammed bin Zayed accepts PM’s invitation and expresses his willingness to undertake Pakistan’s visit soon
![prime minister shehbaz sharif and uae president sheikh mohammed bin zayed al nahyan photo file prime minister shehbaz sharif and uae president sheikh mohammed bin zayed al nahyan photo file](https://i.tribune.com.pk/media/images/shehbazsharif-uaepresident1718805083-0/shehbazsharif-uaepresident1718805083-0.jpg)
Prime Minister Shehbaz Sharif spoke with UAE President Sheikh Mohammed bin Zayed Al-Nahyan over the phone to extend Eid ul Adha greetings on Wednesday.
According to a statement issued by the Prime Minister’s Office, both leaders expressed their wishes for the continuous development and prosperity of the people of Pakistan and the UAE. The prime minister thanked the UAE president for his ongoing support for Pakistan and reaffirmed Pakistan's full support for the UAE.
Reflecting on his highly productive visit to the UAE in May 2024, Prime Minister Shehbaz reiterated Pakistan's strong commitment to transforming the brotherly relations between the two countries into a sustainable and mutually beneficial strategic partnership focused on trade and investment.
Also read: UAE commits $10b investment in Pakistan
Highlighting the importance of regular high-level exchanges between the two nations, the prime minister invited the UAE president to visit Pakistan soon. Sheikh Mohammed bin Zayed accepted the invitation and expressed his willingness to undertake an official visit in the near future.
Both leaders agreed to maintain close contact to further strengthen the fraternal and close relations between their countries.
Additionally, Prime Minister Shehbaz also called the leaders of Qatar, Kuwait, Turkey, and Tajikistan to extend Eid ul Adha greetings.
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UAE President Mohamed bin Zayed visits Pakistan as its economy crumbles
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UAE President Sheikh Mohamed bin Zayed arrived in crisis-ridden Pakistan on Tuesday for a two-day visit to meet with the country’s Prime Minister Rahim Shebaz Sharif, as the country plunges into an economic mess.
The Emirati president was received by Pakistani Prime Minister Shehbaz Sharif and a number of ministers and senior officials. The visit comes two weeks after Sharif visited Abu Dhabi earlier this month in an effort to seek UAE's help as Islamabad navigates an economic and energy crisis.
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Prime Minister Muhammad Shehbaz Sharif held a telephone conversation with President of the United Arab Emirates Sheikh Mohamed bin Zayed Al Nahyan and conveyed warm greetings on the blessed occasion of Eid-ul-Adha, earlier today.
The two leaders extended best wishes and prayers for the continued progress and prosperity of the peoples of both the UAE as well as Pakistan.
The Prime Minister reiterated Pakistan's deep appreciation to the President for the UAE's consistent support to Pakistan and also reaffirmed Pakistan's full support to the UAE through thick and thin.
Recalling his most productive visit to the UAE last month, the Prime Minister reaffirmed Pakistan's strong commitment to transform the fraternal and special ties between the two countries into an enduring and mutually beneficial strategic partnership, especially focused on trade and investment.
Emphasizing the significance of frequent high level exchanges between the two countries, the Prime Minister reiterated to Sheikh Mohamed bin Zayed Al Nahyan a most cordial invitation to undertake an official visit to Pakistan, at his earliest convenience.
In response, Sheikh Mohamed graciously conveyed his acceptance of the invitation and agreed to undertake an official visit to Pakistan at an early date.
Both leaders agreed to remain in close contact in order to advance their shared desire to take the brotherly and close ties between the two countries to even greater heights.
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Two-day weekend for Punjab schools as Saturday now a holiday
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ISLAMABAD – United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan will arrive in the Pakistani capital Islamabad at the invitation of Prime Minister Shehbaz Sharif .
Reports in local media said the Emirati monarch will interact with top political leaders including Prime Minister Shehbaz Sharif to discuss the economy, trade, and investment, besides the regional and global situation.
In light of Mohamed bin Zayed’s arrival, the capital administration has announced a public holiday in Islamabad on January 30 (Monday).
UAE President earlier arrived in Pakistan on Wednesday and was received by Prime Minister Shehbaz Sharif and a number of ministers and senior officials.
During the last meeting, Islamabad and Abu Dhabi reviewed the bilateral ties and exchanged views to enhance joint cooperation in a way that serves both nations and their peoples.
PM Shehbaz, UAE president discuss ways to boost bilateral ties in Rahim Yar Khan
The premier and UAE President also discussed various cooperation paths, especially in the fields of economy, trade, and development.
UAE President's visit comes on the heels of Shehbaz's visit to UAE as top leaders visited friendly nations as forex reserves held by the country’s central bank fell to a critical level amid worst economic crisis.
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Pakistani rupee rates against US Dollar and other currencies on June 25, 2024 (Tuesday) in open market.
USD to PKR Rate Today
US dollar was being quoted at 277.5 for buying and 280.65 for selling.
Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 348.5 for buying, and 351.45 for selling.
UAE Dirham AED was at 75.05 and Saudi Riyal at 72.95.
Currency Rates in Pakistan
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Today's Paper | June 25, 2024
Uae president commits to investing $10bn in pakistan.
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United Arab Emirates President Sheikh Mohamed Bin Zayed Al-Nahyan on Thursday committed to investing $10 billion in multiple sectors of the Pakistani economy.
A statement released by state-run Pakistan Television on social media platform X said the development came in an Abu Dhabi meeting of the UAE president with Prime Minister Shehbaz Sharif who is on a day-long visit to the Mideast nation.
The statement added that Sheikh Mohamed “assured UAE’s support in all circumstances and made commitment of investing $10bn in multiple sectors in Pakistan”.
PM Shehbaz conveyed his gratitude to the UAE leadership for hosting the Pakistani diaspora of 1.8 million and highlighted Pakistan’s “huge human resource potential” that could be engaged in multiple sectors.
“The meeting provided an opportunity to discuss whole gamut of bilateral relations, including cooperation in political, economic, social, cultural and defence sectors. [The] prime minister underscored the importance of galvanising existing cooperation and strengthening strategic partnership, including in the field of information technology, renewable energy and tourism.
“[The] prime minister highlighted steps taken by the government aimed at ensuring socio-economic stability in the country and building investors’ confidence. He reiterated Pakistan’s commitment to ensure meaningful implementation of investment cooperation agreements in the areas of energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking and financial services,” the statement said.
It added that the two exchanged views on other issues of mutual interest, including regional and global developments.
PM Shehbaz also reiterated his invitation to the UAE president for an official visit to Pakistan, which Sheikh Mohamed accepted.
PM Shehbaz said he had a “very productive exchange” with the UAE president.
“Grateful to his highness for UAE’s consistent support for Pakistan. We agreed to continue working closely to further strengthen the brotherly and cooperative ties between Pakistan and UAE.”
In UAE not to seek loans but ‘collaborations, investments’
Earlier, PM Shehbaz said the aim of his day-long visit was “not to seek loans but joint collaborations and investments”.
Addressing a round table session of the IT community in Abu Dhabi, he said: “Today I am here […] not to seek loans but to seek joint collaborations and joint investments, which have mutual benefits for the investor and draw dividends through hard work, ingenuity and by using modern tools and skills.
“I want to share with you my broad parameters of our programme; we want to provide the highest quality vocational training and empower our youth with modern skills so that they can come to the UAE,” he added.
“From Pakistan, […] provide services through remote mechanisms and generate livelihoods, support SMEs, startups, and other integral activities combined with this. I’m prepared to take this risk,” PM Shehbaz asserted.
“Gone are the days when I will go to a brotherly country with a begging bowl; I have broken that bowl.”
“That bowl will lead us nowhere. When was the last time that a country prospered through aid, handouts and bowls?” he asked.
The prime minister said that in his meeting with the UAE president, he would request him to “offer your trainers to train our people”.
PM Shehbaz further expressed his “iron resolve to completely transform the economy of Pakistan in collaboration with our brothers here in UAE — be it through joint ventures, collaborations or knowledge-sharing partnerships”.
“In the short span of 2.5 months, we have transformed our IT ministry in Islamabad but there’s a long way to go,” he added. The premier noted that Pakistan’s population, almost 60 per cent of which comprised of youth, offered great potential.
The prime minister highlighted that he had “spent the last two and a half months focusing on how to promote information technology and artificial technology in various sectors of our economy”, including IT, agriculture, mines and minerals.
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PM Shehbaz praised the UAE president for “carving out a way forward which will not be dependent on oil and gas but on non-oil and non-gas economy”, adding that it did so by training its youth, promoting industrial complexes and digital economy, and making the country a hub of imports and exports.
He further appreciated the UAE president for being “generous like his great father, supporting Pakistan in its most difficult times”. “We will never forget his support and generosity to Pakistan.”
State Minister for IT Shaza Fatima Khawaja also addressed the event.
Arrival in Abu Dhabi
![uae sheikh visit pakistan PM Shehbaz Sharif is greeted by UAE Vice President and Deputy PM Sheikh Mansour bin Zayed Al Nahyan as he arrives in Abu Dhabi on May 23. — PID](https://i.dawn.com/primary/2024/05/23142803a8db1e3.png?r=161842)
The premier arrived in the UAE on a day-long visit earlier today.
Upon his arrival in Abu Dhabi, the premier was welcomed by UAE Vice President and Deputy PM Sheikh Mansour bin Zayed Al Nahyan, the government said in a post on X.
Pakistani Ambassador to UAE Faisal Niaz Tirmizi, Emirati envoy to Pakistan Hamad Obaid Ibrahim and senior officials from both countries were also present to receive the premier, the PML-N said .
Shortly after his arrival, the prime minister described the visit as “short but important”.
“Looking forward to a fruitful exchange of views with the UAE leadership with a view to deepen the historic and brotherly PAK-UAE ties,” he said in a post on X.
This was PM Shehbaz’s first visit to the UAE since assuming his office after the February 8 general elections.
According to Radio Pakistan , PM Shehbaz had earlier today departed for the UAE along with key cabinet members, including Deputy PM and Foreign Minister Ishaq Dar, Defence Minister Khawaja Asif, Interior Minister Mohsin Naqvi, Information Minister Attaullah Tarar, Commerce Minister Jam Kamal Khan and Special Assistant to PM Tariq Fatemi.
According to the Foreign Office (FO), PM Shehbaz was also likely to hold meetings with other Emirati dignitaries, businesspersons and heads of financial institutions.
The FO, noting that both countries had “long-standing fraternal relations deep-rooted in religio-cultural affinity”, had said that such high-level exchanges formed a “distinguishing feature” of brotherly ties between Pakistan and the UAE.
The visit marks an important step towards further deepening multifaceted bilateral collaboration between Pakistan and the UAE, the FO had highlighted.
The premier’s visit follows high-level exchanges between Pakistan and Saudi Arabia in the past two months, including two trips made to the kingdom in April.
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Shehbaz last visited the UAE in July 2023 — during his previous term as the prime minister — to console the death of the UAE president’s brother, Sheikh Saeed bin Zayed Al-Nahyan.
Prior to that, he made a two-day trip to the Gulf nation in January 2023 to strengthen economic, trade and investment ties with the country.
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Pakistan Prime Minister Shehbaz Sharif arrives in UAE
Uae government.
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Sheikh Mansour received Sharif upon his arrival at Al Bateen airport in Abu Dhabi
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Abu Dhabi: Pakistan Prime Minister Muhammad Shehbaz Sharif on Thursday arrived in Abu Dhabi on a working visit to the country.
Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister and Chairman of the Presidential Court, and a number of officials received Prime Minister Sharif upon his arrival at Al Bateen Executive Airport in Abu Dhabi, reported wam.
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This is Sharif’s first visit to the UAE since his election early this year. He is accompanied by a high-level delegation comprising key ministers of the cabinet including Deputy Prime Minister and Foreign Minister Ishaq Dar.
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UAE announces $10bn investment package for Pakistan
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The UAE on Thursday committed $10bn to invest in promising economic sectors in Pakistan , Islamabad said.
Pakistan has been pushing for foreign investment in a bid to shore up its $350bn economy, which has struggled with high inflation and low growth as it navigates a tough reforms mandated by the International Monetary Fund (IMF).
The investment pledge, came after a meeting between Pakistan i Prime Minister Shehbaz Sharif, on a two day visit to the UAE, met President Sheikh Mohamed bin Zayed Al Nahyan, reported state news agency WAM .
“President of the UAE Sheikh Mohamed bin Zayed Al Nahyan assured ( Pakistan of) the UAE’s support in all circumstances and made the commitment of investing $10bn in multiple sectors,” a statement from Pakistan ‘s Prime Minister’s Office said.
Prime Minister Muhammad Shehbaz Sharif meets President of UAE, H.H. Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. Discussions will focus on various sectors, particularly the promotion of trade and investment between Pakistan and the UAE. The meeting will also cover… pic.twitter.com/oucrxDnmWZ — Pakistan Embassy UAE (@PakinUAE_) May 23, 2024
It did not specify which areas the investment would be in.
The statement said Sharif emphasised strengthening strategic partnerships, including in the field of information technology, renewable energy and tourism.
Pakistan needs foreign investment to boost its economy and shore up its currency reserves to meet rising external repayment obligations.
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Pakistan-IMF talks
It is in talks with the IMF to secure a long term bailout deal , expected to go as high as $8bn.
An IMF team is in Pakistan to discuss the country’s budget and economic recovery policies after the country successfully completed a short term $3bn IMF bailout programme last month.
An IMF mission and Pakistan have made significant progress towards reaching a staff-level agreement for an extended fund facility, the global lender said on Friday.
The IMF has opened discussions with Pakistan on a new loan programme after Islamabad last month completed a short-term $3bn programme, which helped stave off a sovereign debt default.
A n IMF team, led by mission chief Nathan Porter, concluded discussions with the authorities on Thursday after arriving in Pakistan on May 13, the lender said in a statement.
“The mission and the authorities will continue policy discussions virtually over the coming days aiming to finalise discussions, including the financial support needed to underpin the authorities’ reform efforts from the IMF and Pakistan ‘s bilateral and multilateral partners,” Porter said.
Pakistan is likely to seek at least $6 billion under the new programme and request additional financing from the IMF under the Resilience and Sustainability Trust.
Ahead of the discussions, the IMF had warned that downside risks for the Pakistan i economy remained exceptionally high .
“The authorities’ reform programme aims to move Pakistan from economic stabilisation to strong, inclusive, and resilient growth,” Porter added.
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Can Pakistan’s allies help revive its economy through investment dollars?
Pakistani PM Shehbaz Sharif visited China, Saudi Arabia and the UAE recently searching for investments. But analysts say he first needs to fix things at home.
![uae sheikh visit pakistan Chinese President Xi Jinping welcomes Pakistani Prime Minister Shehbaz Sharif](https://www.aljazeera.com/wp-content/uploads/2024/06/XINHUA-Huang-Jingwen-1718408181.jpg?resize=770%2C513&quality=80)
Islamabad, Pakistan — In a series of trips over the past three months, Pakistan Prime Minister Shehbaz Sharif has tried to convince the debt-strapped country’s three closest allies — China , Saudi Arabia and the United Arab Emirates — to invest in the nation, as its precariously positioned economy looks for green shoots.
In June last year, under Sharif’s first tenure as prime minister, the government formed a Special Investment Facilitation Council (SIFC), a high-powered body comprising Pakistani civilian and military leaders, to promote investment in Pakistan.
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Is pakistan’s crisis-ridden economy finally recovering, pakistan’s army chief visits saudi arabia amid economic crisis, sharif’s beijing trip: can china-pakistan economic corridor be revived, march of ‘terror’: pakistan grapples with deadly attacks on china interests.
Following the tours to Beijing, Riyadh and Abu Dhabi, the Sharif government is pointing towards a raft of memorandums of understanding signed on those trips as indicators of potential investment coming to Pakistan.
However, analysts caution that the attempts to get foreign direct investment (FDI) will work only if Pakistan can promise a stable political landscape and bring structural reforms to its economy.
So what did Pakistan get out of Sharif’s trips, and what does it need to do to attract investments as it prepares to negotiate with the International Monetary Fund (IMF) to enter its 24th loan programme since 1958?
$5bn from Saudi Arabia?
After taking office in March for the second time, Sharif paid two visits to Saudi Arabia in April. These tours were followed by a series of visits by senior Saudi officials, including the defence and foreign ministers, to Pakistan. In early May, a 50-member Saudi business delegation also flew down to participate in an investment conference.
![uae sheikh visit pakistan Saudi Foreign Minister Prince Faisal bin Farhan Al-Saud visited Pakistan in May this year. [Sohail Shahzad/EPA]](https://www.aljazeera.com/wp-content/uploads/2024/06/sohail-shahzad-1718408620.jpg?w=770&resize=770%2C501)
In his two meetings with Saudi Crown Prince Mohammed bin Salman in April, Sharif discussed opportunities to enhance economic cooperation between the two countries and explored the possibility of a $5bn investment package.
“We have identified areas of cooperation, both at the government-to-government and business-to-business levels, and that has been clearly identified. We now have a clear-cut way forward,” Sharif told Al Arabiya TV news in May.
Last year, caretaker Prime Minister Anwaar-ul-Haq Kakar also claimed that Saudi Arabia had agreed to invest $25bn in various sectors of Pakistan, without offering any details.
Ali Farid Khwaja, an investor and chairman of KTrade Securities, said Pakistan had laid out possibilities for Saudi investment in six different fields, including an oil refinery project, agriculture, mining, power sector, technology and aviation.
“There is no question that Pakistan needs investment. Just 18 or so months ago, we were on the verge of default, but because of these dialogues and engagement with friendly countries, we are letting them know what we can offer,” he told Al Jazeera.
A senior Pakistani government official who has been part of negotiations with the Saudi delegations said Pakistan was hopeful Riyadh would invest from its Public Investment Fund (PIF), the kingdom’s sovereign wealth fund with estimated assets of more than $900bn. “They are obviously seeking investment opportunities and trying to follow their vision,” the official said on condition of anonymity.
Negotiations on the proposed $5bn investment are under way, the official added.
“Right now, we are in the discussion stage, which has started. As and when these negotiations mature, things will clarify and we will see what the final deals are like,” he added.
And $10bn from the UAE?
Sharif followed up his Saudi visits by making a one-day visit in late May to the UAE, another long-term partner for the country, during which he met President Sheikh Mohammed bin Zayed Al Nahyan.
Following the meeting between the leaders, the Pakistan Prime Minister’s Office announced that the UAE had committed to $10bn in investment in Pakistan in various fields.
The UAE Ministry of Investment confirmed the pledge. But a month later, few details are available on which sectors the UAE might invest in, and if the two sides have agreed to a timeframe for the investments.
The Chinese MoU list
But it was Sharif’s five-day-long visit to China in June, the first of this term, that analysts said was the most critical of his foreign sojourns.
He was accompanied by military chief General Syed Asim Munir, and the Pakistani leadership held dialogues with Chinese President Xi Jinping, Premier Li Qiang, and other leaders in Beijing.
The visit came two months after armed men attacked a bus carrying Chinese engineers who were working on a major hydropower plant in Pakistan’s north, killing at least five Chinese nationals and one Pakistani.
The attack was one in a series of setbacks to projects built under the ambitious China-Pakistan Economic Corridor, a $62bn project launched a decade ago, when Sharif’s elder brother Nawaz, himself a three-time prime minister, was the premier of the country.
The last 10 years have seen Pakistan’s reliance on China growing significantly, as the relationship, which was once centred on military ties, has expanded into the economic arena in a big way: Pakistan owes China nearly $30bn out of its total foreign debt obligations of nearly $130bn.
The country’s economic managers have emphasised that unless there is significant foreign investment, Pakistan will not be able to meet its ambitious 3.6 percent growth rate, which the country has targeted for the next fiscal year.
Following Sharif’s return from Beijing, both Chinese and Pakistani governments issued statements about increased focus on security, as well as forging an “upgraded version of CPEC” to better help Pakistan’s economic and social development.
But despite signing 23 MoUs in various sectors during Sharif’s visit, there was no concrete agreement beyond shows of intent, on any project that the two nations might prioritise.
What does Pakistan need to do?
Ever since the creation of the SIFC last June, the government has credited the organisation with helping facilitate investment opportunities from outside the country.
The latest available central bank data reveals that from July to April this year, Pakistan received $1.45bn in investments, an increase of a paltry 8.1 percent from last year.
However, analysts say that while the three recent visits showed Pakistan’s desperation to attain financial support, whether in the form of bank deposits or investment projects, the failure to realise the projects substantially was due to Pakistan’s volatile landscape.
“The reason for non-materialisation of any investments or such projects lies in the chronic political instability in the country and the structural issues plaguing Pakistan’s economy,” Umer Karim, an associate fellow of King Faisal Center for Research and Islamic Studies, told Al Jazeera.
Economic analyst Uzair Younus also concurs, saying the fundamental issue for Pakistan remains the question of the broader environment within the country.
“At a time when domestic businesses are hesitant to invest in the economy, foreign capital will be even more conservative. For Pakistan to attract capital flows, it must embark on holistic reforms and provide a credible roadmap that excites domestic and foreign investors. So far, this does not seem to be the case under the Sharif government,” the Washington, DC-based analyst told Al Jazeera.
The challenge for the Sharif government stems from the political instability in the country following the elections, marred by allegations of manipulation and rigging.
The increasing attacks on law enforcement officials in the last 18 months have added another layer of challenge to the country’s overstretched military, which has to man both its eastern border with archrival India and its western border with Afghanistan.
But Khwaja of KTrade Securities, on the other hand, painted a more cautiously optimistic picture.
The London-based investor said the three major lenders to Pakistan are evidently working in concert for a wider investment plan in the country.
“Pakistan is talked about as a country with Saudi software coming on Chinese hardware, and now the connections are becoming clearer,” he said.
Karachi-based economist Khurram Husain, however, points out that the three countries Sharif visited also happen to be the largest bilateral creditors to Pakistan.
“Pakistan is perceived by all foreign investors as a high-risk country, so the state is focused on finding a way to make large government-to-government deals happen. The problem is, they need cash support at this time, and these deals, even if they come, will not bring much cash,” Husain told Al Jazeera.
The analyst added that the best way out of the current economic difficulty for Pakistan is domestic reforms, not foreign support.
“Realistically, Pakistan should try to manage its external debt profile rather than seek more cash-based support from its bilateral creditors,” he added.
However, Riyadh-based Karim said the foreign visits have developed a political aspect where the optics are used by the Pakistani governments as “signs of international trust and support” but some focus on domestic investors must be paid to revive the economy.
“FDI certainly remains an important component of economic expansion and growth; however, the government could have started with facilitating local investors and businesses to develop a roadmap that could then be offered to foreign investors,” he said.
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UAE 30-Day Visit Visa Fee Update for Pakistanis – June 2024
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- The UAE provides tourist visas to foreign nationals like Pakistanis and Indians.
- Foreigners can get a single-entry tourist visa for 30 or 60 days in the UAE.
- The total visa amount may vary, as it can increase or decrease based on multiple factors.
Dubai: The UAE grants tourist or visit visas to foreign nationals, including Pakistanis and Indians, for varying durations to explore the Gulf nation.
Foreigners are issued a single-entry tourist visa for either 30 or 60 days for tourism purposes in the UAE. To obtain this visa, the sponsor or host in the UAE must be a tourism-related establishment and pay the required fee and financial security deposit.
UAE Visit Visa Requirements
One personal photo.
Copy of the passport.
Identity card for the country of origin for some nationalities (Iraq, Pakistan, Iran, Afghanistan).
Medical insurance is valid in the UAE.
A travel ticket to continue his journey or a ticket to leave the UAE.
Steps to Apply for the Visit Visa
The digital channels (GDRFA website and smart application):
- Login to the smart services system using a UAE pass or username.
- Search for your required service.
- Fill out the application information, where applicable.
UAE Visit Visa: Latest Fee
As of June 2024, the latest fee for a 30-day tourist visa stands at AED 200, while the fee for a 60-day visa stands at AED 300.
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in addition to the value-added tax (5%).
Additional fees (if the sponsored person is inside the UAE):
Knowledge dirham: AED 10.
Innovation Dirham: AED 10.
Fee inside the UAE: 500 dirhams.
Note: The total visa amount may vary as it can increase or decrease based on factors related to the sponsored individual or other reasons necessitating adjustments.
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Home Pakistan UAE 30-day visit visa latest fee for Pakistanis from June 2024
UAE 30-day visit visa latest fee for Pakistanis from June 2024
![uae sheikh visit pakistan](https://pakobserver.net/wp-content/uploads/2023/08/visit-visa-750x375.jpg)
DUBAI – The United Arab Emirates (UAE) issues tourist or visit visa to the foreign nationals, including Pakistan and Indian nationals, for different periods to explore the Gulf country.
The foreigner is granted an entry visa for a single visit for the purpose of tourism for a period of 30 or 60 days and the sponsor / host in UAE should be one of the establishments working in the field of tourism, after paying the prescribed fee and financial security deposit.
UAE Visit Visa Requirements
One personal photo.
Copy of the passport.
Identity card for the country of origin for some nationalities (Iraq – Pakistan – Iran – Afghanistan).
Medical insurance valid in UAE.
A travel ticket to continue his journey or a ticket to leave UAE.
Steps to Apply for the Visit Visa
The digital channels (GDRFA website / smart application):
- Login to the smart services system using (UAE pass or username)
- Search for your required service.
- Fill out the application information where applicable.
UAE Visit Visa Latest Fee
As of June 2024, the latest fee for 30-day tourist visa stands at AED 200 while the fee for 60-day visa stands at AED 300.
– In addition to value added tax (5%).
– Additional fees (if the sponsored person is inside UAE):
Knowledge dirham: AED 10.
Innovation Dirham: AED 10.
Fee inside UAE: 500 dirhams.
Note: Total amount may vary. The visa may increase or decrease depending on the circumstances surrounding the sponsored person or any other reasons that may require the same.
Our Correspondent
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Dubai: Sheikh Mohammed announces Dh30-billion rain drainage network
The project will increase the capacity of rainwater drainage in the emirate by 700%.
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An integrated project to develop a rain drainage network in Dubai has been approved at a cost of Dh30-billion, announced Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE, and Ruler of Dubai, on Monday.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
Named ‘Tasreef’, the project will enhance the capacity of Dubai’s rainwater drainage system by 700%, covering all areas of the emirate.
The project is set to be completed by 2033 with construction to start immediately. It will serve Dubai for the next hundred years, added Sheikh Mohammed.
Watch below, a video shared by the Dubai Media Office on X:
The project, which will cover all areas of Dubai and absorb more than 20 million cubic meters of water per day, is likely to be the largest such network to collect rainwater in the region.
'Tasreef' is a continuation of drainage projects launched by Dubai in 2019, covering the Expo Dubai area, Al Maktoum International Airport City, and Jebel Ali.
It comes around two months after unprecedented rains flooded the UAE. As a sustainable strategic project, it aims at addressing future climate change impacts, such as increased rainfall, with a network designed to seamlessly adapt to all rainfall events.
The project will utilise the latest Tunnel Boring Machines (TBM), the largest of their kind in the Middle East, known for their efficiency, speed, and high precision in excavation, and their ability to handle various topographical conditions.
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Tuesday, 25 June 2024
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India, UAE to expand cooperation into new areas
External Affairs Minister S. Jaishankar and his United Arab Emirates (UAE) counterpart Sheikh Abdullah bin Zayed Al Nahyan reviewed the multi-faceted India-UAE Comprehensive Strategic Partnership during the former’s visit to UAE on Sunday, Ministry of External Affairs (MEA) said on Monday.
Giving details, it said both the leaders expressed happiness at the substantive progress in diverse areas of bilateral cooperation including commercial and economic collaboration, fintech, education, culture, and people-to-people connect.
Jaishankar’s visit follows the recent meeting between Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan on the margins of the G7 Summit in Apulia, Italy, MEA said.
The two foreign ministers also discussed new areas with untapped potential for further enhancing collaboration. They also exchanged views on regional and global issues.
During the visit, Jaishankar participated in the celebrations of the 10th International Day of Yoga in Abu Dhabi at Louvre Museum in Abu Dhabi.
The event, which was organised by the Embassy in partnership with Louvre Abu Dhabi, witnessed the presence of multiple nationalities.
Jaishankar also visited the BAPS Hindu Mandir in Abu Dhabi, which was inaugurated by Modi in February this year.
The External Affairs Minister expressed appreciation that the Mandir has become an iconic cultural destination in the UAE with a large number of daily visitors.
In less than 4 months, the Mandir has received one million visitors.
Jaishankar’s visit to the UAE, within two weeks of his re-appointment, signifies the importance India attaches to its relations with the country. The visit marks the continuation of high-level contact between the two countries.
Since July 2023, Prime Minister Modi has visited the UAE thrice and UAE President Sheikh Mohamed bin Zayed has visited India twice.
Last year, important milestones were achieved in bilateral relations like the implementation of a local currency trade settlement agreement, the launch of UAE’s domestic credit/debit card based on India’s RuPay card stack, the setting up of a campus of IIT Delhi in Abu Dhabi, fintech collaboration, and commencement of work on IMEEC, among others.
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Travel Unpacked: Flydubai adds flights to Pakistan; SalamAir to Chennai, and other news
The national rounds up the top tourism news stories you might have missed.
![uae sheikh visit pakistan front entrance to the mughal inspired Lahore Fort, Lahore, Pakistan, By Matthew Tabaccos for The National.21.12.08](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/AM3C276UIFOE2LFWJZMBQLT4YA.jpg?smart=true&auth=94fc676da544834e51984f7d669b8b3b7c838be5c258979a9a2dbc99b0c5cfeb&width=800&height=536)
From July 1, flydubai is launching daily flights to the Pakistani city Lahore, home to the Mughal-inspired Lahore Fort. Matthew Tabaccos for The National
Just in time for the summer travel rush, Dubai carrier flydubai is adding daily flights to Islamabad and Lahore . The airline already serves many Pakistani cities including Karachi, Faisalabad, Multan, Quetta and Sialkot.
Meanwhile, Oman's low-cost airline SalamAir is ramping up its service to India, launching twice-weekly flights to Chennai in South India, in addition to its existing routes to Jaipur, Trivandrum and Calicut.
Here's a round-up of recent travel and tourism news – in case you missed it.
Flydubai launches daily services to Lahore and Islamabad
![uae sheikh visit pakistan The Pakistan Monument in Islamabad is a popular tourist attraction. Reuters](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/K2PQAP2CY6JP4JOVJ6VPVNQKO4.jpg?smart=true&auth=dfb6634ea1fc6d8de1be692704c6f378c12b0d25554c70dc4779ec9491e0e978&width=400&height=257)
Dubai carrier flydubai will fly daily to Pakistani cities Islamabad and Lahore from July 1.
Departing from Terminal 2 in Dubai, flight FZ353 will take off at 9.05am local time and arrive at Islamabad International Airport at 1.20pm local time. The corresponding flight, FZ354, will then leave Islamabad at 2.20pm local time, arriving in Dubai at 4.50pm local time.
Flights to Lahore's Allama Iqbal International Airport, FZ359, will take off at 12.30am local time in Dubai and arrive at 4.45am local time in Pakistan. The return flight FZ360 will take off from Lahore at 5.45am local time, arriving at Dubai's Terminal 2 at 8.15am local time.
Flydubai said the two routes will be served by its Boeing 737 Max fleet, offering both economy and business class seats.
Return economy fares to Islamabad start at Dh1,300, with business class starting at Dh5,500. For Lahore, return economy class fares start at Dh1,200, while business class seats start at Dh5,500.
Flydubai first started serving Pakistan in 2010 with flights to Karachi. The airline already flies to Faisalabad, Multan, Quetta and Sialkot.
SalamAir to fly twice weekly between Muscat and Chennai
![uae sheikh visit pakistan SalamAir. Courtesy SalamAir](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/TUJBJ5BK3D6JB37GONOUPOF2C4.jpg?smart=true&auth=6589ff2d1942e5f48b98d2b70d11a1db9d39c4c83d83e5b361905556f22f5b2d&width=400&height=282)
Starting on July 11, Omani low-cast carrier SalamAir will operate two weekly flights between Muscat and Chennai in South India, on Thursdays and Saturdays.
SalamAir flight will depart Muscat at 11pm local time and arrive in Chennai at 4.15am local time. The corresponding flight will depart from Chennai at 5am local time and arrive in Muscat at 7.25am local time.
“We are thrilled to introduce our new service to Chennai, a significant milestone that enhances the connectivity of the South Indian community in Oman and the wider Gulf region,” said Harish Kutty, director of revenue and network planning for SalamAir. “With its rich cultural heritage and economic vitality, Chennai presents immense opportunities for residents, business and leisure travellers.”
SalamAir already operates regular flights to many India cities including Jaipur, Trivandrum and Calicut. The airline operates an all-Airbus fleet of six A320 Neos, six A321 Neos and one A321 freighter.
Why Barcelona is banning short-term rentals
![uae sheikh visit pakistan A tour guide addresses a group in front of Catalan architect Antoni Gaudi's Casa Batllo in Barcelona. AFP](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/WB7ILHJ4X7PNCGAB64VVCQVM6Q.jpg?smart=true&auth=f9fddaec9a27dfdfb458391b0d6241cb97aa96f9cc8a64426ff083bba81ffa5a&width=400&height=266)
Spain's most visited city by tourists is planning to enact a citywide ban on all short-term rentals in a move to curb soaring rents.
Barcelona Mayor Jaume Collboni announced on Friday that the city will stop giving new licences and won't renew existing ones. This means that by 2029, no homes will be allowed to be rented out to tourists. This will deal a massive blow to operators such as Airbnb .
“More supply of housing is needed, and the measures we’re presenting are to provide more supply so that the working middle class does not have to leave the city because they can’t afford housing,” Collboni said.
A total of 10,101 apartments currently have licences to operate, but will become void by 2028. Those apartments will be used by the city’s residents or will go on the market for rent or sale, Collboni said.
Barcelona already bans the rental of rooms to tourists, but that's done little to reduce rents that have risen by 68 per cent over the past 10 years, the mayor said. The cost of buying a house also rose by 38 per cent during the same period.
Tourist hot spots such as New York, Tokyo, London, Amsterdam and Paris also have limitations on short-term rentals, but with varying degrees. Barcelona's move is, however, one of the most aggressive restrictions to be put in place.
World's most physically demanding attractions revealed
![uae sheikh visit pakistan Florli 4444 in Norway is named after the number of steps it takes to reach the top. Photo: Florli](https://thenational-the-national-prod.cdn.arcpublishing.com/resizer/v2/A4NRZYINXRCSHGSW2TI35GF4VY.jpg?smart=true&auth=6068ab2b4ae441fe9fc53010fc9b45378a8763b7d1d40749342d8ee5c706592d&width=400&height=266)
For travellers up for a challenge, UK gym chain PureGym has revealed its list of global landmarks that are most exhausting to experience. Scored on three main factors – the number of steps needed to experience it to its fullest, the total elevation change and the average daytime temperature – the attractions were then given an overall “exertion score” out of 100.
The Florli Stairs in Norway was ranked No 1, with a 76 exertion score. Also popularly known as Florli 4444, after the number of wooden steps required to climb it, this popular tourist attraction was built as a maintenance stairway for two water pipelines and a rail, which used to transport people and materials to the top of a mountain where a now-decommissioned hydro power plant sits. The 740-metre climb takes thee to four hours to complete.
In second place, with an exertion score of 63, is the Manitou Incline, a hiking trail in Colorado Springs in the US. The remains of a former railway track, the attraction has approximately 2,744 steps from the bottom to the summit, and is popular with fitness enthusiasts.
The Poenari Castle in Romania is in third place, with an exertion score of 58. Built on top of a mountain, it used to be the home of Vlad the Impaler, a national hero in Romania. Now in ruins, the castle is still a popular tourist site, and is accessed by climbing 1,480 concrete stairs.
At No 4 is the Konpira Shrine in Kagawa, Japan (exertion score 50), located at 521 metres halfway to the top of Mount Zozu. While Scotland's Arthur’s Seat, the remains of an ancient extinct volcano which rises 250 metres, rounds up the top five, with an exertion score of 48.
Checking In
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Last updated: Wed 25 Jan 2023, 4:38 PM. The UAE President, His Highness Sheikh Mohamed bin Zayed Al Nahyan, today arrived in the city of Rahim Yar Khan during his visit to Pakistan. Upon his ...
Ties between the UAE and Pakistan are warm and historic, stretching back well before the UAE was established in December 1971. The UAE's Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, was a frequent visitor to the country where he enjoyed falconry trips.
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Sheikh Mohammed bin Zayed accepts PM's invitation and expresses his willingness to undertake Pakistan's visit soon News Desk June 19, 2024 facebook twitter whatsup linkded email
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UAE President Sheikh Mohamed bin Zayed arrived in crisis-ridden Pakistan on Tuesday for a two-day visit to meet with the country's Prime Minister Rahim Shebaz Sharif, as the country plunges into an economic mess.. The Emirati president was received by Pakistani Prime Minister Shehbaz Sharif and a number of ministers and senior officials.
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FB LN TW MAIL LN LN. UAE President Sheikh Mohamed bin Zayed postponed his visit to Pakistan due to weather conditions in the country, the Emirates News Agency (WAM) reported on Monday. The meeting between the UAE President and Pakistan's Prime Minister were due to discuss bilateral relations and cooperation between the two countries. A phone ...
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ISLAMABAD: United Arab Emirates (UAE) Sheikh Mohamed bin Zayed Al Nahyan, on the invitation of Prime Minister Shehbaz Sharif, will visit the federal capital for a day on Monday (today). He will ...
During the visit, PM Anwaar-ul-Haq Kakar will meet with UAE president Sheikh Mohamed bin Zayed; Pakistan and UAE are close allies, Gulf nation is Pakistan's third-largest trade partner after ...
Agencies The UAE President earlier visited Pakistan on January 25 in Rahim Yar Khan in the country's Punjab province for a private visit, during which he briefly met Sharif for talks. In a sudden turn of events a few hours before his flight President of the United Arab Emirates (UAE) Sheikh Mohammed bin Zayed Al Nahyan 's day-long visit to ...
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The UAE has unveiled updated visit visa fees for Pakistani nationals, effective immediately, as part of efforts to facilitate smoother entry procedures for tourists and visitors. Tue, Jun 25, 2024 ...
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The visit marks the continuation of high-level contact between the two countries. Since July 2023, Prime Minister Modi has visited the UAE thrice and UAE President Sheikh Mohamed bin Zayed has ...
Just in time for the summer travel rush, Dubai carrier flydubai is adding daily flights to Islamabad and Lahore. The airline already serves many Pakistani cities including Karachi, Faisalabad, Multan, Quetta and Sialkot. ... Iqbal International Airport, FZ359, will take off at 12.30am local time in Dubai and arrive at 4.45am local time in ...