KARACHI: A United Arab Emirates (UAE)-based business plans to build a university in Pakistan's largest metropolis, Karachi, which is home to millions of people. According to a statement, the development took place at a meeting between Sindh Governor Kamran Tessori and Abdullah Nasser Lootah, vice chairman of the Nasser Abdulla Lootah Group, at the Governor's House in Karachi. The Governor's House said in a statement that the two parties had talks about promoting commerce between them, investing in potential in health and education, and other areas of collaboration. The governor of Sindh, which has the second-highest population in the nation, told the team that the province's southwest offers attractive employment chances. In Karachi, the nation's economic centre, Governor Sindh stated that investments in the health, education, and energy sectors are welcome with incentives under the ease of doing business. The governor also promised the businessman that investments will receive all necessary assistance and support. "Abdullah Nasser Lootah stated that his business aims to build a power plant in Karachi while development of a university is also under discussion," the statement continued. Due to their shared history, cultural affinities, near proximity to one another geographically, and shared perspectives on a number of regional and global problems, Pakistan and the UAE have strong and enduring relations. This relationship's defining characteristics include frequent high-level visits and exchanges. Around 1.7 million Pakistanis live in the UAE and have played a significant part in the country's success story over the past 50 years, helping the two friendly nations advance, flourish, and develop economically. The UAE's president, Sheikh Mohamed Bin Zayed Al Nahyan, said at a recent meeting with Prime Minister Shehbaz Sharif that his nation intends to increase its investment in Pakistan, which urgently needs foreign investment to stabilise its faltering economy. On January 12, the UAE agreed to give Pakistan $1 billion and roll over a $2 billion loan, providing some relief to the nation that is still recovering from devastating national floods that have cost more than $30 billion in losses.
KARACHI: A United Arab Emirates (UAE)-based business plans to build a university in Pakistan’s largest metropolis, Karachi, which is home to millions of people.
According to a statement, the development took place at a meeting between Sindh Governor Kamran Tessori and Abdullah Nasser Lootah, vice chairman of the Nasser Abdulla Lootah Group, at the Governor’s House in Karachi.
The Governor’s House said in a statement that the two parties had talks about promoting commerce between them, investing in potential in health and education, and other areas of collaboration.
The governor of Sindh, which has the second-highest population in the nation, told the team that the province’s southwest offers attractive employment chances.
In Karachi, the nation’s economic centre, Governor Sindh stated that investments in the health, education, and energy sectors are welcome with incentives under the ease of doing business.
The governor also promised the businessman that investments will receive all necessary assistance and support.
“Abdullah Nasser Lootah stated that his business aims to build a power plant in Karachi while development of a university is also under discussion,” the statement continued.
Due to their shared history, cultural affinities, near proximity to one another geographically, and shared perspectives on a number of regional and global problems, Pakistan and the UAE have strong and enduring relations.
This relationship’s defining characteristics include frequent high-level visits and exchanges.
Around 1.7 million Pakistanis live in the UAE and have played a significant part in the country’s success story over the past 50 years, helping the two friendly nations advance, flourish, and develop economically.
The UAE’s president, Sheikh Mohamed Bin Zayed Al Nahyan, said at a recent meeting with Prime Minister Shehbaz Sharif that his nation intends to increase its investment in Pakistan, which urgently needs foreign investment to stabilise its faltering economy.
On January 12, the UAE agreed to give Pakistan $1 billion and roll over a $2 billion loan, providing some relief to the nation that is still recovering from devastating national floods that have cost more than $30 billion in losses.
