ISLAMABAD - Sheikh Nahyan bin Mubarak al Nahyan, Minister of Culture, Youth and Social Development of United Arab Emirates on Friday expressed his confidence that the present government in Pakistan would soon overcome the economic challenges confronting the country.

He said this while talking to Federal Minister for Finance, Economic Affairs, Revenue and Statistics at Abu Dhabi and discussed matters of mutual interests. The Finance Minister enquired about the health of the UAE President Sheikh Khalifa bin Zayed Al Nahyan and conveyed good wishes and prayers of the Prime Minister Nawaz Sharif for his good health and long life. Sheikh Nahyan bin Mubarak al Nahyan said that the United Arab Emirates leadership and its people enjoy close historical and cultural relations with the people and leadership of Pakistan. He expressed the confidence that these relations would strengthen further with the passage of time. Senator Muhammad Ishaq Dar said that Pakistan and UAE enjoy close fraternal relations which were deep rooted in shared history, culture and heritage. Pakistani leadership and its people value its bond of fraternity and look forward to expand cooperation with UAE in all fields, he added. The Minister said the Pakistani leadership and its people acknowledge UAE’s contributions and cooperation for the development of Pakistan.

He said that we eulogize UAE progress and achievements. Sheikh Nahyan expressed his confidence that the present government in Pakistan would soon overcome the economic challenges confronting the country. Sheikh Nahyan bin Mubarak al Nahyansaid Pakistan is his second home and assured that his government would extend all possible cooperation for economic development of Pakistan.

The Finance Minister said that the government had taken a number of bold initiatives to bring financial discipline and turnaround the economy of Pakistan. He stated that the government was incentivising foreign investment in all fields including oil and gas sector to accelerate pace of economic development in the country. The Finance Minister while talking to Sheikh Nahyan said that Pakistan could provide skilled manpower for the growing UAE economy. Alluding to the forthcoming spectrum license auction in Pakistan, the Finance Minister expressed the hope that telecom companies from the Middle East countries would participate in it. The Finance Minister thanked Sheikh Nahyan for his leadership’s continued support to Pakistan.