Pakistan and UAE Strengthen Economic Ties with Five Key Agreements

In a significant move to enhance economic collaboration, Pakistan and the United Arab Emirates (UAE) have signed five major agreements. These accords were finalized during the first official visit of Abu Dhabi's Crown Prince, Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, to Pakistan. The visit, made at the invitation of Prime Minister Shehbaz Sharif, marks a new chapter in the longstanding relationship between the two nations. The agreements cover a range of sectors, including banking, railways, mining, and infrastructure investment. One notable memorandum of understanding (MoU) focuses on banking collaboration, aiming to strengthen financial ties and facilitate smoother economic transactions between the two countries. This initiative is expected to open new avenues for financial cooperation and investment. In the realm of transportation, Pakistan Railways and Etihad Rail have signed two MoUs to enhance rail connectivity. These agreements aim to improve rail networks, which c...