{"id":48731,"date":"2019-02-06T11:59:38","date_gmt":"2019-02-06T06:59:38","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=48731"},"modified":"2019-02-06T11:59:38","modified_gmt":"2019-02-06T06:59:38","slug":"pak-uae-finalise-financial-pact-worth-usd-20-bn","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pak-uae-finalise-financial-pact-worth-usd-20-bn.html","title":{"rendered":"Pak-UAE finalise financial pact worth USD 20 bn"},"content":{"rendered":"

Islamabad: Pakistan and the United Arab Emirates (UAE) have finalised an investment framework agreement \u2013 a news source reported.<\/p>\n

Under this agreement, the UAE will fund projects worth USD 20 billion during the next five years. To facilitate this end, a joint working group, along with its sub-groups, will be established.<\/p>\n

Read<\/strong>:\u00a0Pakistan signs USD 6.2 bn support package with UAE<\/a><\/p>\n

Several UAE institutions are part of this project. These include: ADNOC, Mubadala, Investment Corporation of Dubai, Emaar, Al Dahra Agricultural Company, DP World, General Civil Association Authority, Etisalat, and the Abu Dhabi Fund for Development.<\/p>\n

These institutions will invest in Pakistan\u2019s energy, power, housing development, infrastructure, financial, IT, water resources, agriculture, and food sectors.<\/p>\n

Read<\/strong>: After Saudis, UAE pledges USD 3 bn<\/a><\/p>\n

The two countries have also decided to set up a financing facility initiative at a cost of USD 15 million. The Pakistan Board of Investment and UAE\u2019s Ministry of Foreign Affairs and International Cooperation will oversee this project.<\/p>\n

Moreover, this 12-part agreement will be valid till 2030. A decision to expand it further will be taken by the two governments.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: Pakistan and the United Arab Emirates (UAE) have finalised an investment framework agreement \u2013 a news source reported. Under this agreement, the UAE will fund projects worth USD 20 billion during the next five years. To facilitate this end, a joint working group, along with its sub-groups, will be established. Read:\u00a0Pakistan signs USD 6.2 bn support package with UAE Several UAE institutions are part of this project. These include: ADNOC, Mubadala, Investment Corporation of Dubai, Emaar, Al Dahra Agricultural Company, DP World, General Civil Association Authority, Etisalat, and the Abu Dhabi Fund for Development. These institutions will invest in Pakistan\u2019s energy, power, housing development, infrastructure, financial, IT, water resources, agriculture, and food sectors. Read: After Saudis, UAE pledges USD 3 bn The two countries have also decided to set up a financing facility initiative at a cost of USD 15 million. The Pakistan Board of Investment and UAE\u2019s Ministry of Foreign Affairs and International Cooperation will oversee this project. Moreover, this 12-part agreement will be valid till 2030. A decision to expand it further will be taken by the two governments.<\/p>\n","protected":false},"author":67,"featured_media":648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[10310],"persona":[],"class_list":{"0":"post-48731","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pak-uae-finalise-financial-pact-worth-usd-20-bn"},"acf":[],"yoast_head":"\nPak-UAE finalise financial pact worth USD 20 bn - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Pakistan and the United Arab Emirates (UAE) have finalised an investment framework agreement \u2013 a news source reported. 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