Pakistan PM to sign $10 billion investment MoUs with Kuwait to strengthen economic ties

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Fri, 2023-11-24 21:44

ISLAMABAD: Caretaker Prime Minister Anwaar-ul-Haq Kakar is expected to sign seven memoranda of understanding (MoUs) worth $10 billion in an upcoming visit to Kuwait, after a federal cabinet meeting on Friday sanctioned the proposed projects to bring investment to Pakistan from the Gulf state.

Faced with tough financial circumstances, Pakistan established the Special Investment Facilitation Council (SIFC) – a civil-military hybrid forum – in July this year to fast-track decision-making and promote investment from foreign nations, particularly from the Gulf region.

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