Abu Dhabi announces $200m for SMEs

Published January 3, 2020
Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed has announced an allocation of $200 million to support small and medium-sized enterprises in Pakistan, Finance Adviser to PM Abdul Hafeez Shaikh tweeted on Thursday.  — DawnNewsTV/File
Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed has announced an allocation of $200 million to support small and medium-sized enterprises in Pakistan, Finance Adviser to PM Abdul Hafeez Shaikh tweeted on Thursday. — DawnNewsTV/File

ISLAMABAD: Abu Dhabi Crown Prince Sheikh Mohamed bin Zayed has announced an allocation of $200 million to support small and medium-sized enterprises in Pakistan, Finance Adviser to PM Abdul Hafeez Shaikh tweeted on Thursday.

The adviser said “the money will be spent on small business promotion and jobs. This support is testimony to the expanding economic relations and friendship between our countries.”

The crown prince directed the Khalifa Fund for Enterprise Development to release the amount in order 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 announcement highlighted that the initiative was launched on the sidelines of Crown Prince’s visit to Pakistan which aims to support economic projects in the country.

Published in Dawn, January 3rd, 2020

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Ultimate price
Updated 02 Nov, 2024

Ultimate price

To dismantle culture of impunity for crimes against journalists, state must ensure that perpetrators do not go unpunished.
Mastung bombing
02 Nov, 2024

Mastung bombing

INSTABILITY continues to haunt Balochistan, as Friday morning’s bombing in Mastung has shown. At least nine...
Plane speak
02 Nov, 2024

Plane speak

DESPITE all its efforts to facilitate PIA’s privatisation, it seems the government only ended up being taken for a...
Seeking investment
Updated 01 Nov, 2024

Seeking investment

Foreign visits will be fruitless unless crucial structural, policy reforms directly affecting investors are focused.
State-backed terror
01 Nov, 2024

State-backed terror

OVER the past year or so, India’s reportedly malign activities in foreign countries have increasingly come under the radar, with
Shared crisis
01 Nov, 2024

Shared crisis

WITH Lahore experiencing unprecedented levels of smog, the Punjab government has announced a series of “green...