Pakistan, UAE sign five accords of cooperation in railway, mining, other sectors

ISLAMABAD: Pakistan and the United Arab Emirates (UAE) on Thursday signed five accords to boost bilateral cooperation in different fields including banking, railways, mining and infrastructural investment.

The documents were signed during the first official visit of Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan to Pakistan, at the invitation of Prime Minister Shehbaz Sharif.

The crown prince and the prime minister witnessed the ceremony as the officials from both sides exchanged the pre-signed documents of agreements and Memorandums of Understanding for cooperation in various fields.

Federal cabinet members and Chief of the Army Staff General Syed Asim Munir and members of the UAE delegation were also present.

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Both countries signed an agreement to promote bilateral cooperation in the field of banking. Secretary Finance Imdadullah Bosal and CEO & MD of IHC Syed Basar Shueb exchanged the documents.

The two sides also signed another agreement to boost cooperation in the field of mining.

The CEO of Pakistan Railways Amir Ali Baloch and CEO Etihad Rail Shadi Malik exchanged the documents for two MOUs for cooperation in the field of railways.

Similarly, Secretary Board of Investment Nadeem Chaudhary and CEO AD Ports Capt. Muhammad Juma Al Shamisi exchanged the documents for an MoU in the field of infrastructural investment.

Meanwhile, Crown Prince of Abu Dhabi Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on Thursday was given a guard of honour as he arrived at the PM House to meet Prime Minister Shehbaz Sharif.

On his arrival at the venue of the formal welcome reception, Prime Minister Shehbaz Sharif welcomed the crown prince.

The national anthems of Pakistan and the United Arab Emirates were played as the guest stood at the salute dias along with Prime Minister Shehbaz.

The smartly-turned out contingents of the armed forces presented a guard of honour which the crown prince reviewed.

Later, the Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan and Prime Minister Shehbaz introduced their respective delegations to each other before heading for the meeting