Sheikh Mohamed orders $200m fund for Pakistan SMEs

Sheikh Mohamed orders $200m fund for Pakistan SMEs
Sheikh Mohamed orders $200m fund for Pakistan SMEs

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Aden - Yasmine El Tohamy - The UAE leader is on a day-long visit to the country.

His Highness Sheikh Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, directed the Khalifa Fund for Enterprise Development, Khalifa Fund, to allocate $200 million to support small and medium-sized enterprises, SMEs, in Pakistan.

Also read: Sheikh Mohamed praises Pakistan on official visit

This initiative aims to encourage innovation in projects and support entrepreneurship, to assist the Pakistani government's efforts to create a stable and balanced national economy that will help achieve the country's sustainable development.

The initiative is also part of the close ties between the UAE and Pakistan and the keenness of their leaderships to strengthen and develop them, reflecting the development witnessed by their overall relations over the past decades.

Sheikh Mohamed's initiative, which was launched on the sidelines of his visit to Pakistan, aims to support economic projects there.

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