Pakistan, UAE Strengthen Ties, Sign Investment Deals Worth Billions

ABU DHABI, UAE – Pakistan and the United Arab Emirates (UAE) have reaffirmed their commitment to further strengthen bilateral strategic cooperation and dialogue, as evidenced by a recent meeting between Caretaker Prime Minister Anwaar-ul-Haq Kakar and UAE President Sheikh Mohamed bin Zayed Al Nahyan.

During the meeting, the leaders discussed a wide range of issues, including regional and global developments, the deteriorating human rights and humanitarian situation in occupied Palestine, and Pakistan’s full support for the UAE’s Presidency of COP 28.

Investment Deals to Boost Economic Partnership

In a significant move, Pakistan and the UAE signed Memoranda of Understanding (MoUs) pertaining to investment cooperation in various sectors, including energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking and financial services. These MoUs are expected to unlock multi-billion dollars of investment from the UAE into Pakistan and will help realize various initiatives envisioned under the Special Investment Facilitation Council (SIFC).

Prime Minister Kakar Hails Historic Event

Prime Minister Kakar termed the signing of MoUs as a “historic event” that will usher in a new era of Pak-UAE economic partnership. He also expressed profound gratitude for the UAE’s firm support to Pakistan in the economic and financial domain.

The UAE is home to 1.8 million Pakistanis, who have made significant contributions to the progress, prosperity, and economic development of both countries. The strong ties between Pakistan and the UAE are rooted in history and mutual respect, and these latest developments are expected to further strengthen the relationship between the two nations.