Islamabad: Minister for Information and Broadcasting Fawad Chaudhry informed on Monday that United Arab Emirates (UAE) would set up an oil refinery in Pakistan.
Information Minister informed that decision was finalised during the Crown Prince of Abu Dhabi Sheikh Mohammad bin Zayed Al Nahyan’s visit yesterday.
While addressing to media, this level of investment would boost the friendly ties between UAE and Pakistan.
“The UAE has already announced three billion dollars cash support to help Pakistan overcome its balance of payment crisis while the provision of an oil facility on deferred payment is under discussion,” he mentioned.
While highlighting the relations between two countries Chaudhry said, “UAE has always supported Pakistan through tough times because its leadership considers the country as their second home.”
On January 6, Prime Minister Imran Khan welcomed Crown Prince of Abu Dhabi Al Nahyan on his day-long visit to Pakistan, where the matters of mutual interests were discussed.
The officials from both the countries met and high-level delegations talk were held at the Prime Minister House Islamabad.