Islamabad: Advisor to the Prime Minister on Finance, Revenue and Economic Affairs Abdul Hafeez Shaikh recently announced that the Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed has offered Pakistan USD 200 million to support small and medium-sized enterprises (SMEs) within the country, according to a news source.
Shaikh lauded this as an expression of the cordial relationship between Pakistan and the United Arab Emirates (UAE). He stated that these funds would be used to promote SMEs and create jobs in Pakistan.
The Crown Prince instructed the Khalifa Fund for Enterprise Development to release these funds to promote Pakistan’s efforts to have a stable and balanced economy. Such measures were appreciated as excellent steps in developing a sustainable economic landscape in the country. SMEs were deemed to be an important part of this economic development, as well as for creating numerous jobs.
His Highness Sheikh Mohamed bin Zayed made this announcement during his visit to Pakistan, which was focused on supporting economic development in the country.
