Pakistan and UAE Ink MoU Worth Multi Billion Dollars

As 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 two leaders reaffirmed their resolve to further strengthen economic and strategic cooperation and underlined that Pakistan and the UAE had “historic and deep-rooted fraternal ties which had stood the test of time”.