Islamabad, Prime Minister Anwaar-ul-Haq Kakar of Pakistan and United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan have signed several multi-billion-dollar Memoranda of Understanding (MoUs) to enhance bilateral strategic cooperation. This development underscores the growing economic partnership between the two nations.
According to Zameen.com, these MoUs, falling under the Special Investment Facilitation Council (SIFC), encompass sectors like energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking & financial services. The agreements signify a recognition of the long-standing fraternal relations between Pakistan and the UAE and aim to bolster economic engagement and investment between the two countries.
Additionally, Prime Minister Kakar reaffirmed Pakistan's unwavering support for the UAE's Presidency for COP 28. Highlighting the event’s importance, he stressed the potential for substantial progress in critical areas, particularly in addressing climate change and establishing the Loss and Damage Fund. This gesture of support reflects Pakistan's commitment to global climate initiatives and its partnership with the UAE in these endeavors.
The signing of these MoUs marks a significant milestone in Pakistan-UAE relations, opening avenues for increased investment and collaboration in key economic sectors.
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