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

Opinion

Storm landing
28 Oct 2021

Storm landing

The notification saga has ended, but so has the ‘same page’.
State of surrender
27 Oct 2021

State of surrender

What’s the difference between TLP’s religious extremism and the government’s encouragement of religiosity?

Editorial

Notification lessons
Updated 28 Oct 2021

Notification lessons

WHILE the stand-off on the nomination of the country’s new spymaster finally came to an end this week, the reality...
28 Oct 2021

Hunger in Afghanistan

THE reports and images emerging from Afghanistan are very disturbing. People selling their belongings and ...
28 Oct 2021

Elegance for eternity

MANKIND’S romance with technology is a charming outcome of the Industrial Age. In recent years — months, indeed...
27 Oct 2021

Escalating prices

ONE question being asked by almost every Pakistani today is: for how long will we have to suffer food price ...
Another demolition
Updated 27 Oct 2021

Another demolition

THE closing act in the battle over the 15-storey Nasla Tower in Karachi has been set in motion. On Monday, the...
27 Oct 2021

A despicable custom

IT is a wonder that it took so long for the Federal Shariat Court to declare the practice of swara un-Islamic. To...