Pakistan and UAE reaffirm resolve to further boost ties

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On Tuesday Prime Minister Shehbaz Sharif and United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan reaffirmed their resolve to further expand and diversify bilateral relations between Islamabad and Abu Dhabi 

President Sheikh Mohamed expressed UAE’s whole-hearted support for the initiatives to strengthen Pakistan’s climate resilience which is the main agenda of the conference. The prime minister also extended an invitation to the UAE president for a visit to Pakistan. “Pakistan and the UAE enjoy close fraternal ties for five decades that are rooted firmly in common belief and shared values and culture. The UAE is Pakistan’s largest trading partner in the Middle East and a major source of investments. 

Pakistan and the UAE decided to enter into a GtG long-term agreement for the import of petrol, jet fuel and crude oil to ensure sustainable availability of petroleum products in the country. Pakistan would import 1.5 million tons of Motor Spirit (Mogas) i.e. 30 cargoes in one year under a 5-year deal, which means that PSO would import two and a half to three cargoes a month.

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