Sheikh Mohammed bin Zayed Al Nahyan announced $ 20 million to help SMEs

Sheikh Mohammed bin Zayed Al Nahyan, deputy supreme commander of the Abu Dhabi Wali Pact and United Arab Emirates Armed Forces, announced $ 20 million to help small and medium-sized enterprises (SMEs) in Pakistan.

According to a Gulf Times report, Sheikh Mohammed bin Zayed Al Nahyan has directed the Khalifa Fund for Enterprise Development to allocate $ 20 million for SMEs in Pakistan.

The report said that Abu Dhabi's merger initiative aims to help the Pakistani government in its efforts to encourage innovation in various projects and support entrepreneurship, creating a stable and balanced national economy that will achieve sustainable development in the country. Will help

The move also reflects the desire of the two countries to further strengthen and foster closer ties between Pakistan and the United Arab Emirates.

Advisor Finance Minister Abdul Hafeez Shaikh tweeted on social networking site Shaikh Mohammed bin Zayed Al Nahyan on the announcement of $ 20 million aid for Pakistan.

He said the money would be spent on promotion and employment of small businesses in the country. At the same time, the announcement of the aid was a manifestation of strong economic ties between the two countries.

It should be noted that Sheikh Mohammed bin Zayed Al Nahyan made a one-day visit to Pakistan on Thursday.

During his visit, he met Prime Minister Imran Khan one-on-one in which matters of mutual interest were discussed.

In this regard, Wali Ahad also tweeted and wrote that he met his 'friend Imran Khan' and discussed "enhancing bilateral relations and joint regional and global issues".

Prime Minister Imran Khan also gave a dinner in honour of Abu Dhabi's Wali Eid and the UAE's deputy supreme commander of the Armed Forces, Sheikh Mohammed bin Zayed Al Nahyan.