Canada Global(Web News) The Caretaker Federal Cabinet approved the investment of 10 billion dollars in 7 projects by Kuwait in Pakistan.
According to Express News, a meeting of the caretaker federal cabinet was held in Islamabad today under the chairmanship of Caretaker Prime Minister Anwarul Haq Kakar. The Cabinet approved 7 MoUs for investment between Pakistan and Kuwait which will be signed during the Prime Minister’s visit to Kuwait.
As a result of the efforts of the Special Investment Facilitation Council, Kuwait will sign memorandums of understanding to invest $10 billion in 7 projects in various sectors in Pakistan.
These projects include expansion of water reservoirs, mining facilities, protection and expansion of mangrove forests for coastal areas, investment projects in the IT sector and food security projects
The Prime Minister and the Federal Cabinet appreciated the efforts of the Special Investment Council and the concerned ministries in this regard. The Prime Minister directed that cooperation with the provinces should be ensured in these MoUs signed at the federal level so that these projects can be completed quickly and transparently.
The Federal Cabinet approved the decisions taken in the Cabinet Committee on Legislative Affairs (CCLC) meeting held on November 14, 2023.
The Federal Cabinet also approved the decisions taken in the Economic Coordination Committee (ECC) meeting held on November 15, 2023.
