DECEMBERASIA BUSINESS OUTLOOK8As per Prime Minister's Office (PMO), the MoUs in the energy, port operations, wastewater treatment, food security, logistics, minerals, and banking and financial services sectors would open up new opportunities "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."During the meeting, PM Kakar expressed profound gratitude for the UAE's firm support to Pakistan in the economic and financial domain, as per APP."The UAE is home to 1.8 million Pakistanis, contributing to the progress, prosperity and economic development of the two brotherly countries," the PMO said.During the conference, regional and global issues were also examined, with particular emphasis on the deteriorating human rights and humanitarian situation in occupied Palestine.The prime minister stated Pakistan's support for a just and lasting solution to the Palestinian issue based on international law and in accordance with relevant United Nations and Organization of Islamic Cooperation resolutions.The prime minister reaffirmed Pakistan's full support for the UAE's presidency of the United Nations Climate Change Conference 2023 (COP 28), emphasizing the importance of the conference as an opportunity for meaningful progress toward effective and result-oriented global actions in key areas to mitigate climate impact, such as the establishment of the Loss and Damage Fund. The United States, the United Kingdom, and more than a dozen other countries unveiled what a senior US official described as the first detailed international agreement on how to keep artificial intelligence safe from rogue actors on Nov 27, urging companies to develop AI systems that are "secure by design." The 18 countries agreed in a 20-page document released on Nov 27 that companies designing and using AI must develop and deploy it in a way that protects customers and the general public from misuse.The agreement is non-binding and consists mostly of general recommendations such as monitoring AI systems for abuse, protecting data from tampering, and vetting software vendors.Still, Jen Easterly, director of the United States Cybersecurity and Infrastructure Security Agency, said it was important that so many countries signed on to the idea that AI systems must prioritise safety."This is the first time that we have seen an affirmation that these capabilities should not just be about cool features and how quickly we can get them to market or how we can compete to drive down costs," Easterly said in a Reuters interview, adding that the recommendations represent "an agreement that the most important thing that needs to be done at the design phase is security."The agreement is the latest in a series of initiatives by governments around the world to shape the development of AI, whose weight is increasingly being felt in industry and society at large. NEWSROOMPAKISTAN & UAE INK MOU WORTH MULTI BILLION DOLLARSINTERNATIONAL AGREEMENT ON AI SAFETY SIGNED BY NUMEROUS NATIONS
< Page 7 | Page 9 >