MoFA tweaks potential deals with UAE ahead of PM’s visit


ISLAMABAD: The Ministry of Foreign Affairs (MoFA) is finalizing the compacts to be signed during Prime Minister Shahbaz Sharif’s upcoming visit to the United Arab Emirates (UAE).

Pakistan is expecting more than $2 billion in financial support from the UAE during the Prime Minister’s visit, the dates of which have yet to be officially disclosed.

The country’s army chief who accompanied the prime minister on his visit to Qatar, where the latter pledged $3 billion, was also in the United Arab Emirates recently where he received the country’s highest civilian honor – the Medal. of the Union Order.

Qatar Investment Authority plans to invest about $3 billion in Pakistan: report

According to sources, during the Inter-Ministerial Meeting (IMM) held on August 24, 2022 at the Ministry of Foreign Affairs, it was noted that four MoUs/Agreements were ready for signing: (i) Pakistan Armed Forces Agreement and the United Arab Emirates regarding the secondment of personnel; (ii) Memorandum of Understanding between Pakistan and the United Arab Emirates on Cooperation in Combating Human Trafficking; (iii) Memorandum of Understanding between the Pakistan Standards and Quality Control Authority and the Emirates Authority for Standardization and Metrology; and (iv) Memorandum of Understanding between the Office of the Auditor General of Pakistan and the United Arab Emirates Supreme Audit Institution on Cooperation in Public Sector Audit. It was decided during the meeting that the relevant Ministries/Departments would email MOFA the draft texts of the MoUs/Agreements ready for signing.

Copyright Business Recorder, 2022


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