Pakistan and UAE Sign Multibillion-Dollar MoUs, Announces PM Kakar

Pakistan and UAE Sign Multibillion-Dollar MoUs, Announces PM Kakar

Islamabad, November 27, 2023 –Pakistan and the United Arab Emirates (UAE) officially sealed a series of Memoranda of Understanding (MoUs) on Monday, marking a significant step towards a strategic and economic alliance.

The MoUs, valued at multibillion dollars, were signed during a ceremony in Abu Dhabi, as announced by Prime Minister Anwaar-ul-Haq Kakar.

Addressing the public in a special video message from Abu Dhabi, Prime Minister Kakar extended his heartfelt congratulations to the citizens of both nations on the successful signing of these transformative agreements. He emphasized the potential of the MoUs to propel a new era of economic cooperation, regional stability, and strategic collaboration between Pakistan and the UAE.

“These MoUs are not merely documents; they are the pillars of a robust and enduring partnership between Pakistan and the UAE,” declared Prime Minister Kakar. He expressed confidence that the economic benefits of these agreements would manifest through various tangible projects in the near future, bringing prosperity and development to both nations.

Highlighting the historical roots of the bilateral friendship, Prime Minister Kakar acknowledged the foundation laid by Sheikh Zayed in the 1970s. He emphasized that the relationship has now entered a new chapter under the leadership of Sheikh Zayed’s son, Mohammed bin Zayed Al Nahyan, showcasing the enduring nature of the ties between the two countries.

The signing ceremony was attended by high-ranking officials, including Army Chief General Syed Asim Munir and ministers from both Pakistan and the UAE. Their presence underscored the significance of the agreements and the commitment of both nations to strengthen diplomatic, economic, and strategic ties.

The specifics of the MoUs were not disclosed in the initial announcement, but they are expected to cover a broad spectrum of sectors, including trade, investment, defense, and technology. The agreements are poised to open up avenues for collaboration and joint initiatives that will benefit the economies and societies of both Pakistan and the UAE.

As the details of these MoUs unfold, the international community will be watching closely, recognizing the potential for this collaboration to reshape the economic landscape of the region and enhance stability and cooperation between two key players in the Middle East and South Asia.