UAE's Khalifa fund allocates millions to support SME's in Pakistan

Friday, 3 January 2020 10:08

The UAE has assigned $200 million to help to support small and medium-sized businesses in Pakistan.

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, implemented the initiative during his state visit to Pakistan, his first official foreign visit of 2020.

The move is aimed at supporting economic projects in the country and sustainable development.

His Highness was received by Pakistan Prime Minister Imran Khan at the Nur Khan Airbase on Thursday afternoon.

The two leaders discussed mutual friendly relations and ways to develop them in various fields, as well as the overall situation in the Middle East, the Arabian Gulf, the Indian subcontinent and the Islamic world.

More from UAE News

UAE, Belgium hold third round of political consultations in Abu Dhabi

The UAE and Belgium held the third round of political consultations in Abu Dhabi, exploring avenues to further expand non-oil trade, foster private sector partnerships and enhance investment in key sectors like energy and advanced tech.
AED 100 million boost for Mother of Nation Endowment for Orphans

The Mother of the Nation Endowment for Orphans initiative has received a contribution of AED100 million from Erth Zayed Philanthropies following the directives of His Highness Sheikh Mansour bin Zayed Al Nahyan, Vice President and Deputy Prime Minister.
UAE, Bahrain coordinate 100‑tonne Gaza aid shipment

Bahrain's Royal Humanitarian Foundation has dispatched a 100-tonne urgent relief shipment to the Gaza Strip in coordination with the UAE's Operation Chivalrous Knight 3 and the Emirates Red Crescent.
Child’s quad bike ride lands parent in legal trouble

Dubai Police have confiscated a recreational motorbike and taken legal action against a guardian after traffic patrols stopped a child riding on a public street, accompanied by another child.