The door to multi-billion dollars worth of investment was unlocked on Monday as Pakistan signed key deals with the United Arab Emirates during the two-day visit of Caretaker Prime Minister Anwaarul Haq Kakar to the brotherly country, his office said.
According to a statement issued by the PM’s Office (PMO), the interim PM held a bilateral meeting with the President of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi today. Chief of Army Staff (COAS) General Syed Asim Munir was also present on the occasion.
The leaders underlined that Pakistan and the UAE have historic and deep-rooted fraternal ties which have stood the test of time. They reaffirmed the resolve to further strengthen bilateral strategic cooperation and dialogue between Pakistan and the UAE.
Caretaker Prime Minister Anwaar-ul-Haq Kakar today held a bilateral meeting with His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the United Arab Emirates in Abu Dhabi. Chief of Army Staff General Syed Asim Munir, NI (M) was also present at the occasion.
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— Prime Minister’s Office (@PakPMO) November 27, 2023
PM Kakar expressed profound gratitude for the UAE’s firm support of Pakistan in the economic and financial domains. The UAE is home to 1.8 million Pakistanis, contributing to the progress, prosperity and economic development of the two brotherly countries, he added.
Read more: Kakar arrives in Abu Dhabi on two-day visit
During the meeting, regional and global developments were also discussed with particular reference to the deteriorating human rights and humanitarian situation in occupied Palestine.
The interim prime minister expressed Pakistan’s support for a just and durable solution to the Palestinian question anchored in international law and in line with relevant United Nations and OIC resolutions.
He reiterated Pakistan’s full support to the UAE’s presidency for COP 28, underlining its importance as an opportunity for meaningful progress towards effective and result-oriented global actions in key areas to mitigate climate impact including the establishment of the loss and damage fund.
The two leaders witnessed the signing of MoUs between Pakistan and the UAE pertaining to investment cooperation in the sectors of energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking and financial services.
The PMO statement said that these MoUs will unlock multi-billion dollars of investment from the UAE into Pakistan and will help realise various initiatives envisioned under the Special Investment Facilitation Council (SIFC).
The prime minister termed the signing of MoUs as a historic event that will usher in a new era of Pak-UAE economic partnership.
