Interim Prime Minister Anwaarul Haq Kakar’s temporary federal cabinet on Friday greenlit Kuwait’s groundbreaking $10 billion investment in Pakistan.
The federal cabinet endorsed seven agreements with Kuwait, focusing on vital sectors crucial for Pakistan’s development, such as water resources, minerals, and food security.
This significant investment represents a substantial boost to Pakistan’s economic landscape, fostering collaboration and partnership between the two nations. It underscores a shared commitment to building a strategic alliance for mutual prosperity.
Earlier this month, the decision had received approval from both the Cabinet Committee on Legislative Affairs and the Economic Coordination Committee.
PM Kakar recently appealed to overseas Pakistanis, urging them to consider investing in their home country. He assured them of comprehensive support and facilities from the government, highlighting the administration’s top priority of safeguarding the rights of overseas Pakistanis.
During a meeting with a delegation of overseas Pakistanis led by Nouman Mustafa, the prime minister emphasized the crucial role of legally and securely transferring remittances from Pakistanis residing abroad for the country’s advancement. He specifically encouraged the delegation to utilize the Roshan Digital Pakistan Account as the safest avenue for remittance transfers, emphasizing its potential to enhance the national economy.