UAE ups Pakistan investments
United Arab Emirates: Saturday, December 16 - 2006 at 09:03
The UAE's investments in Pakistan is expected to reach about $50bn in the next few years, up from $12bn during the past 16 years, according to a top UAE official cited in Gulf News. The UAE Ambassador to Pakistan Ali Mohammed Al Shamsi said the increase is a result of Pakistan's major privatisation drive. UAE based firms such as Emaar, the Giga Group and Limitless have recently announced projects.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, December 16 - 2006 at 09:03 UAE local time (GMT+4)
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