Sunday, July 7, 2024
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HomePakistanPakistan and UAE Seal Billion-Dollar Deal, Promoting Bilateral Relations

Pakistan and UAE Seal Billion-Dollar Deal, Promoting Bilateral Relations

In a significant development, Pakistan and the United Arab Emirates (UAE) have signed important agreements worth billions of dollars during the visit of Prime Minister Anwaarul Haq.

The agreements cover various sectors, marking a big step forward in the relationship between the two countries. Prime Minister Kakar, on a visit to the UAE until November 28, is focused on signing multiple investment and cooperation agreements.

This visit is part of an effort to improve economic collaboration and strengthen ties between Pakistan and the UAE. Caretaker Minister for Information, Broadcasting, and Parliamentary Affairs, Murtaza Solangi, shared a message from Prime Minister Kakar on social media. He stated that the Memoranda of Understanding (MoUs) represent a new era of economic cooperation, regional stability, and strategic collaboration.

The impact of these agreements is expected to be significant, influencing political, economic, trade, investment, cultural, defense, and people-to-people relations. The MoUs cover various sectors, showcasing the depth and diversity of the collaboration.

Areas of agreement include cooperation in Energy, Port Operations Projects, Waste Water Treatment, Food Security, Logistics, Mining, Aviation, and Banking & Financial Services.

Highlighting the strong bond between Pakistan and the UAE, it was emphasized that the two nations share warm and long-standing ties that have endured over time. The foundation of friendship laid by Sheikh Zayed bin Sultan Al Nahyan in the 1970s has been continued by his son Sheikh Mohammed bin Zayed Al Nahyan to a new era, according to the prime minister.

Prime Minister Kakar expressed gratitude for the UAE’s firm support for Pakistan in the economic and financial domain. The UAE is home to 1.8 million Pakistanis, contributing to the progress, prosperity, and economic development of both countries.

During the meeting, regional and global developments were discussed, with a focus on the escalating hostilities in occupied Palestine. The prime minister expressed concern over the human cost of the dire situation in Gaza.

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