Billions of dollars’ worth of investment opportunities were unlocked following the signing of significant agreements between Pakistan and the UAE
On Monday, Pakistan unlocked opportunities for multi-billion-dollar investments by signing significant agreements with the United Arab Emirates during Caretaker Prime Minister Anwaarul Haq Kakar’s two-day visit to the friendly nation, as per his office.
As stated by the PM’s Office (PMO), the interim PM engaged in bilateral discussions with the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, in Abu Dhabi today. The meeting also saw the presence of Chief of Army Staff (COAS) General Syed Asim Munir.
Both leaders emphasized the enduring fraternal ties between Pakistan and the UAE, highlighting their historical depth and resilience over time. They expressed their commitment to further strengthening bilateral strategic cooperation and dialogue.
PM Kakar conveyed deep appreciation for the UAE’s consistent support to Pakistan in economic and financial realms. He underscored that the 1.8 million Pakistanis residing in the UAE have significantly contributed to the progress, prosperity, and economic advancement of both nations.
During the meeting, discussions covered regional and global developments, specifically addressing the worsening human rights and humanitarian conditions in occupied Palestine.
The interim prime minister reiterated Pakistan’s endorsement for a just and enduring resolution to the Palestinian issue, grounded in international law and in accordance with pertinent United Nations and OIC resolutions.
He reaffirmed Pakistan’s full backing for the UAE’s presidency for COP 28, emphasizing its significance in achieving substantial progress in combating climate change, including establishing the loss and damage fund.
The two leaders oversaw the signing of Memorandums of Understanding (MoUs) between Pakistan and the UAE, focusing on investment cooperation across various sectors such as energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking and financial services.
According to the PMO statement, these MoUs are poised to unlock multi-billion-dollar investments from the UAE into Pakistan and facilitate the realization of diverse initiatives envisioned under the Special Investment Facilitation Council (SIFC).
The prime minister hailed the MoU signings as a historic milestone that would inaugurate a new phase of economic partnership between Pakistan and the UAE.