Pakistan and UAE Strengthen Ties with Multi-Billion-Dollar MoUs

Prime Minister Anwaar-ul-Haq Kakar and United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan participated in a significant event, signing multi-billion-dollar Memoranda of Understanding (MoUs) to enhance bilateral strategic cooperation. The news source reported this development on November 28.

Read: CM Punjab Visits Sites Of Ongoing Development Projects

According to the source, the two leaders inked several MoUs recognizing the enduring and close relations between Pakistan and the UAE. These agreements, facilitated by the Special Investment Facilitation Council (SIFC), encompass collaboration in various sectors like energy, port operations projects, wastewater treatment, food security, logistics, minerals, and banking & financial services.

Read: SIFOC Forms An Inter-Ministerial Panel To Review RE Projects

Moreover, the Prime Minister reaffirmed Pakistan’s wholehearted backing for the UAE’s Presidency for COP 28. He highlighted its importance, underscoring the opportunities it presents for substantial progress, especially in addressing climate impact concerns, which include the formation of the Loss and Damage Fund.

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