by: TN Media News:
“Pakistan Secures Multibillion-Dollar Investments as Kuwait Signs Key Agreements”
Pakistan has inked several Memorandums of Understanding (MoUs) with Kuwait, aiming to attract significant investments from the Gulf nation.
Caretaker Prime Minister Anwaar-ul-Haq Kakar, during his two-day visit to Kuwait, finalized the agreements as both countries aim to strengthen economic ties. This follows Pakistan’s recent MoUs with the UAE for attracting substantial investments.
The move comes as Pakistan faces economic challenges, with dwindling foreign reserves and concerns about the devaluation of the Pakistani rupee. The signed agreements cover diverse sectors, including food security, agriculture, hydel power, water supplies, mining fund establishment, technology zones development, and mangrove preservation, signaling a promising economic collaboration.
The leaders expressed satisfaction with the growing relations, emphasizing the transformation of historical ties into a mutually beneficial economic partnership. The agreements mark a significant achievement for the Special Investment Facilitation Council (SIFC) platform, contributing to Pakistan’s economic recovery efforts.
