UAE gives the green signal for $200mn projects in Pakistan

Prime Minister Imran Khan with the Crown Prince of Abu Dhabi and Deputy Supreme Commander of the United Arab Emirates (UAE) Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan, who arrived in Islamabad for an official visit on Sunday. (Photo courtesy: APP)
Updated 06 January 2019
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UAE gives the green signal for $200mn projects in Pakistan

  • Initiative aims to cover five sectors namely education, healthcare, water, infrastructure, and agriculture
  • Will also include construction of the first date factory in the country

ISLAMABAD: The implementation of 40 development and humanitarian projects as part of a $200 million initiative launched by the UAE and Pakistan has already started in the country, officials said on Sunday.

Titled the UAE-Pakistan Assistance Program (UAE-PAP), the project aims to ensure the development of five main sectors, including infrastructure, education, healthcare, water, and agriculture.

“Under the latest directives issued by Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan, the implementation of the projects has begun in Pakistan at a cost of $200 million,” the UAE Embassy in Pakistan tweeted on Sunday.

It added that the project, which is “funded by the Abu Dhabi Development Fund” will also provide “food assistance to poor families and displaced people, as well as anti-polio vaccination campaigns”.

Among the several initiatives to be undertaken by the UAE-PAP will be the construction of the 42-kilometer Khyber-Pakhtunkhwa highway, a 65-kilometer highway in Balochistan, construction of one college and two schools for 1,500 students in Balochistan, and the construction of a cardiac hospital in Quetta.

Additionally, nearly 29 projects are being dedicated to ensuring the steady supply of water to villages and cities that have limited access to clean drinking water. The projects will also include the construction of the first date factory in Pakistan.

The UAE-PAP’s mission is to execute development projects that offer sustainability and continuous benefits to residents in the long run. The program’s first and second phase saw a total of 165 projects being implemented between 2011 and 2017, at a total cost of $420 million.

Alongside developmental projects, more than 371.1 million units of polio vaccines have been provided to more than 57 million children between 2014 and December 2018, as part of an anti-polio drive launched by the UAE-PAP across the country.

The campaign is being implemented in several parts of the country with the support of more than 96,000 workers, including doctors and nurses, and more than 25,000 team members.


Pakistan-origin fintech holds workforce pay workshop in Saudi Arabia

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Pakistan-origin fintech holds workforce pay workshop in Saudi Arabia

  • Riyadh event promotes earned wage access to support employee liquidity
  • Abhi Saudi says flexible pay models can boost retention and productivity

KARACHI: Pakistan-origin fintech Abhi Saudi hosted a workforce-focused workshop in Riyadh, the company said in a statement on Thursday, bringing together senior business leaders to discuss employee financial well-being and flexible pay solutions as Saudi Arabia advances reforms under Vision 2030.

Abhi, a financial technology firm founded in Pakistan and operating in the Gulf through Alraedah Digital Solutions, provides earned wage access (EWA) and small and medium enterprise (SME) financing solutions.

EWA allows employees to withdraw a portion of their already-earned salary before the official payday, helping them manage short-term liquidity needs without relying on traditional credit.

Abhi partners with thousands of firms across the region, offering payroll-linked financial services to employers and their staff.

“The event focused on modern workforce strategies and flexible pay solutions, highlighting how financial well-being initiatives such as Earned Wage Access (EWA) are supporting improved employee engagement, retention, and productivity while aligning with the objectives of Saudi Vision 2030,” the company said.

The “Wages Well-being Workshop” brought together professionals from sectors including telecommunications, banking, consulting and human resources to examine how changing workforce expectations are influencing compensation models and employer responsibilities amid the Kingdom’s broader economic transformation.

According to Abhi, discussions centered on the organizational impact of rigid salary structures, the link between financial stress and workplace performance and how flexible pay models could enhance financial stability without adding operational costs for employers.

Saudi Arabia’s Vision 2030 reform agenda seeks to diversify the economy, strengthen private-sector participation and modernize labor market practices, with financial inclusion and workforce productivity forming key pillars of the strategy.