In a significant move to attract substantial investments, Pakistan and Kuwait have inked seven agreements spanning vital sectors crucial to Pakistan’s development. The agreements, covering areas such as Food Security/Agriculture, Hydel Power, Water Supplies, Mining Fund establishment, Technology Zones Development, and Mangrove Preservation, aim to foster multi-billion-dollar investments from Kuwait.
The signing ceremony took place during a meeting between Caretaker Prime Minister Anwaar-ul-Haq Kakar and Kuwait’s First Deputy Prime Minister and Minister for Interior, Sheikh Talal Al-Khaled Al-Ahmad Al Sabah, with the presence of Chief of Army Staff General Syed Asim Munir.
Alongside the pivotal sector agreements, three Memoranda of Understanding (MoUs) were signed in the fields of culture & art, and environment & sustainable development, showcasing the diverse scope of collaboration.
Emphasizing the historical brotherly ties between the two nations, the leaders expressed their commitment to transforming these ties into a mutually beneficial economic partnership. The agreements mark another milestone for the Special Investment Facilitation Council (SIFC) platform, as highlighted by the Prime Minister of Pakistan, signifying a positive trajectory for Pakistan-Kuwait relations.
