Monday, February 20, 2017

Pakistan-China project beneficial for UAE, says Pakistani ambassador

Khaleej Times - February 14, 2017

"Pakistan will be pleased if the UAE can benefit from the project, as this is a win-win situation for all countries in the region," said Ambassador Moazzam Ahmed Khan.  The Pakistani Ambassador to the UAE has spoken about how both countries can benefit from the China-Pakistan Economic Corridor (CPEC), a part of China's ambitious One Belt, One Road multi-billion dollar initiative, and also part of Pakistan's Vision 2025.  "Pakistan will be pleased if the UAE can benefit from the project, as this is a win-win situation for all countries in the region," said Ambassador Moazzam Ahmed Khan.  In an interview with Wam at the Pakistan Embassy in Abu Dhabi, the ambassador said Pakistan and China are working on huge projects on infrastructure, roads and railway networks. Most importantly, both countries are also investing in the energy sector.  Describing this as an ideal investment opportunity for Emirati investors, Khan noted that the UAE is the second largest GCC trade partner of Pakistan, with a trade surplus of $5b. Moreover, Pakistani nationals send $4.5 billion in remittances each year from the UAE to their home country.

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