Pakistan, Kuwait ink 7 agreements, 3 MoUs to boost multi-billion dollar investments

November 30, 2023 (MLN): Pakistan and Kuwait signed seven agreements and three Memorandums of Understanding (MoUs) on Wednesday with the aim of attracting multi-billion-dollar investments from the State of Kuwait across various sectors in Pakistan.

According to a press release issued on the said day, the caretaker Prime Minister Anwaar-ul-Haq Kakar met the First Deputy Prime Minister and Minister for Interior of Kuwait, Sheikh Talal Al-Khaled Al-Ahmad Al Sabah.

General Syed Asim Munir NI(M), Chief of Army Staff was also present during the meeting.

The two leaders underlined the importance of historical brotherly ties between the two countries and reaffirmed the desire to strengthen the fraternal ties by transforming them into a mutually rewarding economic partnership.

The leaders also witnessed the signing of 7 agreements concluded to attract multi-billion dollar investments in various sectors of Pakistan including Food Security/ Agriculture, Hydel Power, Water Supplies (safe drinking water and supporting mining activities), the establishment of a Mining Fund to support mineral industry, Technology Zones Development and Mangrove Preservation.

In addition, MoUs in the fields of culture and art, environment, and sustainable development were also signed.

The leaders expressed great satisfaction at the trajectory of relations, agreed to remain in close contact, and took swift steps in further strengthening and deepening Pakistan-Kuwait relations.

The Prime Minister of Pakistan termed these agreements with Kuwait another milestone in the achievements that the Special Investment Facilitation Council (SIFC) platform is bringing to the country.

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