On Friday, during a session of the caretaker federal cabinet, seven Memorandum of Understandings (MoUs) for investments between Pakistan and Kuwait were granted approval.
These agreements are slated to be formally signed during the upcoming visit of the prime minister to the Gulf country, signifying a commitment to fostering economic cooperation and partnership between the two nations.
The meeting was held under the chairmanship of Caretaker Prime Minister Anwaar ul Haq Kakar.
As a result of dedicated initiatives by the Special Investment Facilitation Council (SIFC), both countries will sign MoUs encompassing a range of projects.
These projects span various sectors, including the expansion of water reservoirs, development of mining facilities, conservation of mangrove forests in coastal areas, advancements in information technology, and initiatives to bolster food security.
The prime minister, presiding over the session, directed the facilitation of collaboration with the provinces to ensure the prompt and equitable implementation of the projects.
The caretaker federal cabinet also endorsed the resolutions and actions deliberated upon during the Cabinet Committee on Legislative Affairs (CCLC) meeting held on November 14, 2023.
Additionally, it gave its approval to the determinations reached in the Economic Coordination Committee (ECC) meeting held on November 15, 2023, showcasing a comprehensive review and endorsement of key decisions across various governmental committees.
Leave a Reply