Pakistan Signs Multi-Billion Dollar Investment MOU With UAE

Prime Minister Anwaar-ul-Haq Kakar, serving as the caretaker head of government, engaged in a bilateral meeting with Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates, in Abu Dhabi today. Chief of Army Staff General Syed Asim Munir also participated in the event.

During the meeting, the two leaders oversaw the signing of Memoranda of Understanding (MoUs) between Pakistan and the UAE, focusing on collaborative investment in various sectors such as Energy, Port Operations Projects, Waste Water Treatment, Food Security, Logistics, Minerals, and Banking & Financial Services.

These MoUs are anticipated to attract multi-billion dollar investments from the United Arab Emirates into Pakistan, facilitating the realization of several initiatives outlined under the Special Investment Facilitation Council (SIFC). The prime minister characterized the MoU signings as a historic occurrence that will inaugurate a new chapter in the economic partnership between Pakistan and the UAE.

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Emphasizing the enduring fraternal ties between Pakistan and the UAE, the leaders expressed their commitment to strengthening bilateral strategic cooperation and fostering dialogue. The prime minister conveyed deep appreciation for the UAE’s steadfast support to Pakistan in economic and financial realms. Notably, the UAE is home to 1.8 million Pakistanis, contributing significantly to the progress, prosperity, and economic development of both nations.

In the course of the meeting, the leaders discussed regional and global developments, with particular attention to the deteriorating human rights and humanitarian situation in occupied Palestine. The prime minister affirmed Pakistan’s support for a just and durable solution to the Palestinian question based on international law and in alignment with relevant United Nations and OIC resolutions.

Furthermore, the Prime Minister reiterated Pakistan’s full support for the UAE’s Presidency for COP 28, highlighting its significance as an opportunity for meaningful progress in addressing the global climate crisis, including the establishment of the Loss and Damage Fund.