MoUs Worth $10Bn signed with UAE and Kuwait

The caretaker government has signed MoUs worth at least $10 Billion with UAE and Kuwait. The MoUs were signed during the visit of Caretaker Prime Minister Anwaar ul Haq Kakar, to UAE and Kuwait, during the last week of November. Chief of Army Staff General Syed Asim Munir also accompanied him during the visit.

At UAE caretaker Prime Minister Anwaarul Haq Kakar met with UAE President Sheikh Mohamed bin Zayed Al Nahyan in Abu Dhabi. MoUs in the sectors of energy, port operations, wastewater treatment, food security, logistics, minerals, and banking and financial services will unlock “multi-billion dollars of investment from the UAE into Pakistan and will help realise various initiatives envisioned under the Special Investment Facilitation Council (SIFC)”. During the second part of the visit, according to PM office, caretaker PM went to Kuwait and met with the First Deputy Prime Minister and Minister for Interior of Kuwait, Sheikh Talal Al-Khaled Al-Ahmad Al Sabah in Kuwait City. Here the two leaders witnessed the signing of seven agreements in various sectors including Food Security/ Agriculture, Hydel Power, Water Supplies (safe drinking water and supporting mining activities), establishment of Mining Fund to support mineral industry, Technology Zones Development and Mangrove Preservation.