Pakistan inks several agreements with Kuwait to attract multi-billion dollars investment
Pakistan and Kuwait have strengthened their bilateral ties with a series of agreements aimed at attracting multi-billion-dollar investments. The interim Prime Minister, Anwaar-ul-Haq Kakar, and Chief of Army Staff, Gen Asim Munir, led a delegation to Kuwait, where they met with Crown Prince Sheikh Meshal Al Ahmed Al Jaber Al Sabah. The discussions resulted in the signing of at least seven agreements and three Memorandums of Understanding (MoUs) between the two nations.
The agreements cover a range of sectors, including Food Security/Agriculture, Hydel Power, Water Supplies, the establishment of a Mining Fund to support the mineral industry, Technology Zones Development, and Mangrove Preservation. These deals signify a commitment to fostering economic cooperation and attracting significant investments.
The Pakistani caretaker premier emphasized the importance of the strong ties between Pakistan and Kuwait, expressing a keen interest in expanding bilateral cooperation. The Kuwaiti Crown Prince reciprocated these sentiments, reaffirming the commitment of Kuwait's leadership to deepen and broaden relations with Pakistan.
This collaborative effort aims to create a conducive environment for mutual growth and development, demonstrating the shared commitment of both nations to enhancing their strategic partnership across various sectors.
