pakistan, uae ink multi-billion dollar investment mous, al sadat marketing, real estate agency in blue area islamabad

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Today in Abu Dhabi, the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, had a bilateral discussion with the caretaker prime minister, Anwaar-ul-Haq Kakar. General Syed Asim Munir, the Chief of Army Staff, was also in attendance.

The two presidents were present when Memorandums of Understanding (MoUs) relating to investment cooperation in the areas of energy, banking & financial services, minerals, wastewater treatment, port operations projects, food security, and logistics were signed between Pakistan and the United Arab Emirates.

Read More: Pakistan Stock Exchange Crosses Historic 58,000 Points Mark

These Memorandums of Understanding would enable multibillion-dollar investments in Pakistan from the United Arab Emirates. They will support the realization of numerous programs envisioned under the Special Investment Facilitation Council (SIFC). The prime minister referred to the signing of the Memorandums of Understanding as a historic occasion that will begin a new chapter in the economic relationship between Pakistan and the United Arab Emirates.

The leaders emphasized the long-standing and fraternal connections between Pakistan and the United Arab Emirates. They underlined Pakistan and the UAE’s commitment to advancing bilateral strategic cooperation and communication.

The prime minister sincerely appreciated Pakistan’s unwavering financial and economic support from the UAE. 1.8 million Pakistanis live in the United Arab Emirates, contributing to the two friendly nations’ advancement, prosperity, and economic growth.

The discussion also covered regional and international issues, with a focus on the worsening human rights and humanitarian conditions in the occupied Palestinian territory. The prime minister stated Pakistan’s support for a fair and long-lasting resolution to the Palestinian issue based on international law and compliance with pertinent OIC and UN decisions.

The Prime Minister reaffirmed Pakistan’s complete support for the UAE’s Presidency at COP 28, emphasizing the significance of the occasion as a chance to make significant strides toward successful and outcome-driven international initiatives in crucial areas to lessen the impact of climate change, such as the creation of the Loss and Damage Fund.

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