Pakistan secures 10 multibillion-dollar deals with Kuwait during PM Kakar’s Gulf visit

Pakistan's Caretaker Prime Minister Anwaar-ul-Haq Kakar (left) shakes hands with Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah in Kuwait on November 29, 2023. (Government of Pakistan)
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Updated 29 November 2023
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Pakistan secures 10 multibillion-dollar deals with Kuwait during PM Kakar’s Gulf visit

  • The deals have been signed in agriculture, hydel power, mineral industry and environment sectors
  • Kakar will attend World Climate Action Summit in Dubai on December 1 as part of UN’s COP28

ISLAMABAD: Pakistan signed 10 bilateral cooperation and investment deals with Kuwait during Prime Minister Anwaar-ul-Haq Kakar’s visit to the Gulf country on Wednesday, where he met Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah and other leaders.

Kakar’s Kuwait stopover is part of a week-long tour to the Middle East, starting with the United Arab Emirates where he signed deals worth billions of dollars on Monday.

Pakistan Army Chief General Asim Munir, who is also accompanying the prime minister, held a separate meeting with Kuwait’s crown prince, earlier in the day.

“During the meeting [with the Crown Prince], the Prime Minister underscored the resolve to forge deeper economic engagement between Pakistan and Kuwait, including in trade, energy, IT, labor, mineral and investments,” the PM Office said in a statement.




Pakistan Army Chief General Asim Munir (left) meets Kuwait’s Crown Prince Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah on November 29, 2023. (Kuwait News Agency)

Kakar also met Kuwait’s First Deputy Prime Minister and Minister for Interior Sheikh Talal Al-Khaled Al-Ahmad Al Sabah.

“The two leaders witnessed the signing of seven agreements concluded to attract multi-billion dollars investment from the State of Kuwait in various sectors of Pakistan including food security/agriculture, hydel power, water supplies (safe drinking water and supporting mining activities), establishment of mining fund to support mineral industry, technology zones development and mangrove preservation,” said the official statement.

Additionally, three MoUs in the fields of culture, environment and sustainable development were also signed.

Kakar highlighted the importance his country attributed to its relationship with Kuwait and reiterated his government’s desire to further expand bilateral cooperation in diverse fields.

“He appreciated the measures undertaken by Kuwait for the recruitment of Pakistani manpower in the fields of health, security and infrastructure,” the statement added.

Prior to arriving in Kuwait on Tuesday night, Kakar spent much of the day in Abu Dhabi where he visited the famous Sheikh Zayed Grand Mosque, considered a masterpiece of modern Islamic architecture which can accommodate over 40,000 visitors. He also went to the mausoleum of the late Sheikh Zayed bin Sultan Al Nahyan.

The Pakistani prime minister oversaw the signing of multiple MoUs between the UAE on his country on Monday in energy, port operation projects, waste water treatment, food security, logistics, minerals, and banking and financial services sectors.

“These MoUs will unlock multi-billion dollars of investment from United Arab Emirates into Pakistan and will help realize various initiatives envisioned under [Pakistan’s] Special Investment Facilitation Council,” the Pakistani foreign office said in a statement, referring to a special body set up in July to seek investment from foreign countries, particularly in the Gulf region.

The prime minister will leave for Dubai after concluding his Kuwait visit to attend the World Climate Action Summit, scheduled to take place on Dec. 1-2 as part of the UN climate change conference, or COP28.


Pakistan president calls for facilitating trade, business interactions with Iraq

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Pakistan president calls for facilitating trade, business interactions with Iraq

  • President Asif Ali Zardari meets Caretaker Iraqi PM Mohammed Shia Al-Sudani in Baghdad
  • Zardari calls for closer cooperation between chambers of commerce of both nations, private sector

ISLAMABAD: President Asif Ali Zardari recently called for facilitating trade and business interactions between Pakistan and Iraq to facilitate cooperation in key sectors of the economy between the two countries, Pakistani state media reported. 

Zardari arrived in Iraq on Saturday for a four-day visit to the country aimed to deepen Pakistan’s bilateral ties with Baghdad. The Pakistani president met Iraqi Caretaker Prime Minister Mohammed Shia Al-Sudani to discuss practical measures to enhance bilateral cooperation, state broadcaster Radio Pakistan reported on Sunday. 

According to the Press Information Department, Pakistan’s exports to Iraq totaled $54.29 million in 2024 while imports from Iraq, primarily petroleum products, amounted to $145.46 million the same year. Analysts have noted that these figures are modest, considering the market sizes and mutual interests of both nations.

“He [Zardari] highlighted priority sectors including information technology, agriculture and food security, construction, pharmaceuticals and medicines,” Radio Pakistan said. 

“The president also stressed the importance of direct banking channels to facilitate trade, business interaction and the movement of pilgrims.”

Every year, thousands of Pakistani pilgrims travel to Iraq to visit some of the most revered shrines in Shia Islam, including the mausoleums of Ali in Najaf and Hussain in Karbala. 

The scale of travel, often involving long stays and cross-border movements, has long posed logistical, security and migration-management challenges for Pakistani authorities and host governments alike.

The president called for improved facilitation for Pakistani pilgrims at immigration points, greater flexibility in emergency travel cases and measures to ease difficulties faced by pilgrims. 

Zardari and Al-Sudani agreed on the importance of maintaining regular high-level exchanges to carry forward bilateral engagement. The Pakistani president spoke of Islamabad’s participation in major trade and health exhibitions in Baghdad, noting these engagements as a step toward sustained business-to-business connectivity.

“He encouraged closer coordination between chambers of commerce and the private sector of both countries through regular exchanges and virtual engagement,” Radio Pakistan said. 

Zardari expressed satisfaction over the steady progress in bilateral defense ties with Iraq, including ongoing training programs and completed defense deliveries.

“He reaffirmed Pakistan’s willingness to further strengthen defense collaboration in line with Iraq’s requirements and evolving security needs,” the state media outlet reported.