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Pakistan, Kuwait sign seven agreements, three MoUs to drive multi-billion dollar investments

Pakistan, Kuwait sign seven agreements, three MoUs to drive multi-billion dollar investments

Pakistan, Kuwait sign seven agreements, three MoUs to drive multi-billion dollar investments

KUWAIT CITY: Pakistan has signed seven agreements and three MOUs with Kuwait to attract multi-billion dollars investment in various sectors.

The agreements were signed after talks between Caretaker Prime Minister Anwaar ul Haq Kakar and First Deputy Prime Minister and Minister for Interior of Kuwait, Sheikh Talal Al-Khaled Al-Ahmad Al Sabah in Kuwait City, today.

The Agreements were signed in the areas of Food Security/ Agriculture, Hydel Power, Water Supplies, establishment of Mining Fund to support mineral industry, Technology Zones Development and Mangrove Preservation.

Three MoUs were signed in the fields of culture and art, environment and sustainable development.

The Prime Minister termed the agreements with Kuwait another milestone in the achievements which the Special Investment Facilitation Council platform is bringing for the country.

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

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

Chief of Army Staff General Syed Asim Munir was also present during the meeting.

Later, Pakistan and Kuwait have reiterated the desire to further deepen and broaden bilateral relations.

The desire was expressed by Caretaker Prime Minister Anwaar-ul-Haq Kakar and Crown Prince of the State of Kuwait Sheikh Meshal Al Ahmed Al Jaber Al Sabah during their meeting in Kuwait.

The Prime Minister reaffirmed the importance Pakistan attaches to its relationship with Kuwait and reiterated the desire to further expand bilateral cooperation in diverse fields.

He underscored the resolve to forge deeper economic engagement between Pakistan and Kuwait-including in trade, energy, IT, Labour, Mineral and investments.

Anwaar-ul-Haq Kakar expressed satisfaction at close cooperation between the two countries at multilateral fora.

He appreciated the measures undertaken by Kuwait for recruitment of Pakistani manpower in the fields of health, security and infrastructure.

The Crown Prince of Kuwait reciprocated the sentiments of the Prime Minister.

It is pertinent to mention that the Caretaker Prime Minister Anwaar-ul-Haq Kakar is on a two-day official visit to Kuwait with the primary objective of signing of MoUs in multiple areas geared to transforming the six decades’ long bilateral relations into mutually beneficial economic ties.