UAE investment cooperation, stimulate partnerships and enable investment integration opportunities, FO

Islamabad : (Adnan Hameed)Foreign Office Spokesperson Mumtaz Zahra Baloch at a weekly press briefing said the on-going visit of Prime Minister Mohammad Shehbaz Sharif to the United Arab Emirates. Prime Minister arrived in Abu Dhabi yesterday for a two-day visit. He is undertaking this visit at the invitation of the President of the United Arab Emirates His Highness Sheikh Mohamed bin Zayed Al Nahyan. Since yesterday, the Prime Minister has held meetings with the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan and Prime Minister and Vice President of the UAE and Ruler of Dubai, His Highness Sheikh Muhammad bin Rashid Al Maktoum. During these meetings the leaders reviewed bilateral ties between Pakistan and the UAE; and agreed to further strengthen mutually beneficial cooperation especially in the areas of trade, investment and energy. The two sides agreed to deepen bilateral investment cooperation, stimulate partnerships and enable investment integration opportunities. Today, the Prime Minister is meeting Emirati entrepreneurs and investors to explore opportunities to enhance trade and investment. He returns home later today. As we celebrate 51 years of diplomatic relations, the UAE remains Pakistan’s largest trading partner in the Middle Eastand home to more than 1.6 million Pakistanis – the second largest Pakistani expatriate community abroad. Coming to the recently concluded International Conference on Resilient Pakistan, held in Geneva on 9th January 2023 and co-hosted by the Government of Pakistan and the United Nations. Spokesperson Mumtaz Zahra Baloch said the International Conference on Climate Resilient Pakistan brought together the international community to reaffirm solidarity with the flood affected people of Pakistan.There was high-level representation from a large number of countries and prominent international financial and development institutions. We are particularly grateful for the UN Secretary-General’s presence at the Conference, as the co-host, and becoming the voice of the flood affected people of Pakistan. At the conference, the Government of Pakistan presented its vision, plans and priorities for the post-flood recovery, rehabilitation and reconstruction in the form of the Resilient Recovery, Rehabilitation, And Reconstruction Framework Pakistan (4RF). Delegations reaffirmed their support for immediate relief efforts and extended their financial support for resilient recovery, rehabilitation and reconstruction efforts. The conference identified the principles and action plan for Pakistan’s resilient recovery, rehabilitation and reconstruction. Bilateral and multilateral partners committed financial support of over US$ 9.5 billion for realization of the objectives and priority areas outlined in 4RF. A number of delegations made further announcements for in-kind support. We are grateful to all our partners for the generous peldges they made at the Conference. The Conference has concluded and the real work begins. The Government of Pakistan will work with an “International PartnersSupport Group to Pakistan’s Resilient Recovery, Rehabilitation and Reconstruction” to develop detailed plans for specific recovery interventions and building Pakistan’s climate resilience and adaptation. Our immediate focus would be in preventing health crisis; mitigating the impact of this winter and the rains in the next monsoon; and restoring livelihoods. Our Long-term Resilience Framework envisages building resilience and Pakistan’s capacity to withstand future shocks. Effective monitoring and evaluation mechanisms will ensure transparency in funding allocation and spending. During the last week, Pakistan has participated in two high profile international events involving participation of Parliamentary leaders. National Assembly Speaker, Raja Pervez Ashraf attended the 26th Conference of Speakers and Presiding Officers of the Commonwealth (CSPOC), held in Australia from 3-6 January 2023. Speaker Raja Pervez Ashraf was elected to the Standing Committee of the CSPOC from the Asia Region. Senator Nuzhat Sadiq headed the Pakistan delegation to the 13th Asian Parliamentary Assembly (APA) Meeting held in Turkiye on 10th January. The Conference brings together parliamentary delegations from APA member countries and provides a forum to parliamentarians to discuss and develop common strategies for promoting peace, development and cooperation in Asia. As an active member of APA, Pakistan will continue to make its contribution in strengtheningdialogue among parliaments and people’s representatives. Yesterday, at a ceremony held at the Ministry of Foreign Affairs, a Host Country Agreement (HCA) was signed between Pakistan and the Asian Disaster Preparedness Center (ADPC). The Agreement was signed by Syed Haider Shah, Additional Secretary (United Nations) on behalf of the Government of Pakistan and Mr. Hans Guttman, Executive Director of ADPC. The signing ceremony was