Investment worth billions of dollars unlocked as Pakistan, UAE sign key deals
During Caretaker Prime Minister Anwaarul Haq Kakar’s two-day visit to the friendly nation, Pakistan struck significant deals with the United Arab Emirates that opened the door to multibillion dollar investment, according to his office.
The interim prime minister and Sheikh Mohamed bin Zayed Al Nahyan, the president of the United Arab Emirates, met bilaterally in Abu Dhabi today, according to a statement released by the PM’s Office (PMO). General Syed Asim Munir, the Chief of Army Staff (COAS), was also present for the event.
The leaders emphasized the long-standing and strong fraternal connections that have existed between Pakistan and the United Arab Emirates. They underlined Pakistan and the UAE’s commitment to advancing their bilateral strategic cooperation and communication.
The discussion also covered regional and international issues, with a focus on the worsening human rights and humanitarian conditions in occupied Palestine.
The two presidents were present when Memorandums of Understanding (MoUs) on investment cooperation in the areas of energy, banking and financial services, wastewater treatment, food security, logistics, and minerals were signed between Pakistan and the United Arab Emirates. .
According to the PMO statement, these Memorandums of Understanding will enable the realization of numerous projects envisioned under the Special Investment Facilitation Council (SIFC) and release multibillion dollars of investment from the UAE into Pakistan.
The prime minister referred to the signing of the Memorandums of Understanding as a historic occasion that will mark the beginning of a new chapter in the economic relationship between Pakistan and the United Arab Emirates.
