Pakistan and the United Arab Emirates (UAE) enjoy close bilateral relations based on a long-lasting friendship and strong pillars of mutual understanding while the UAE has also been a major source of economic assistance to Pakistan.

Read More: Bank Alfalah Limited secures PCI DSS Certification in collaboration with Risk Associates

As the Pakistani nation and the government is making all-out efforts towards the rehabilitation of flood victims, His Highness Sheikh Al Nahyan bin Mubarak Al Nahyan, who is also Chairman of Bank Alfalah, had announced a donation of USD 10 million for relief efforts in the aftermath of the devastating floods and unprecedented rains across the country.
The amount is being distributed through Bank Alfalah’s vast network of over 850 branches across Pakistan to partner organizations involved in relief efforts. In addition to that, the bank is distributing USD 1,000 towards flood relief efforts for every six hit during the ongoing Pakistan-England T20I series 2022 from the same amount pledged by Sheikh Al Nahyan bin Mubarak Al Nahyan earlier.

Sheikh Al Nahyan has proved to be a true friend of Pakistan, supporting the country in growth and economic prosperity over the years. Bank Alfalah hopes that this brotherhood between Pakistan and Sheikh Al Nahyan bin Mubarak thrives further and enters a new era of progress in the future.
In the past, Sheikh Al Nahyan has invested in Pakistan in the form of large-scale projects. In February 2022, the UAE’s Abu Dhabi Group, headed by His Excellency, signed an agreement with Pakistan to invest PKR 60 billion for the construction of the world’s tallest building, Mubarak Centre, in Lahore.

Moreover, in January 2021, Sheikh Al Nahyan had said that the Abu Dhabi Group would further its investments in Pakistan by launching a new project worth USD 500 million. “UAE and Pakistan are tied in decades of brotherly ties; overseas Pakistanis living in the UAE have provided further impetus to the historical and friendly ties between the two countries,” he maintained.
Furthermore, in 2019, Sheikh Al Nahyan inaugurated the Book Pavilion at the National Library in Islamabad where the UAE donated over 1,000 books written in the Arabic language on different topics.
Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Syngenta Pakistan Launches CENTRIGO Farming Ecosystem for local farmers

Pakistan Limited, a leading agriculture innovation and technology company that provides crop…

Gerry’s dnata expands offering; launches line maintenance services in Pakistan

Gerry’s dnata, Pakistan’s leading ground services provider, has expanded its offering. The…

Hike in policy interest rate to affect the growth of business and economy – ICCI

Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry (ICCI) said…