On Tuesday, Prime Minister Shehbaz Sharif welcomed the recent announcement by the United Arab Emirates to invest $1 billion in various economic and investment sectors in Pakistan. He expressed these views as he held a telephonic conversation with UAE President Sheikh Mohamed bin Zayed Al Nahyan. The move would likely help revive investor sentiment in the country, which has been beset by dwindling foreign exchange reserves as well as a depreciating rupee.

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