LONDON: The UAE announced on Friday it was to invest $1 billion in Pakistani companies in various economic and investment sectors, state news agency WAM reported, citing an official source in Abu Dhabi. “The move aims to explore new investment opportunities and areas for cooperation in projects across various sectors, so as to expand bilateral economic relations in the best interest of the two countries,” the statement said. It also stresses both countries’ keenness to continue cooperation in various fields, including gas, energy infrastructure, renewable energy, health care, biotechnology, agricultural technology, logistics, digital communications, e-commerce and financial services.