His Highness Sheikh Mohamed bin Zayed 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.

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.