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Are MoUs effective or a lollypop that signs of among the nation?

A big hope or aspiration at the end of the tunnel – a bright sign among the countries that come in a knot – establishes an assurance – a trust where both parties repose on each other – start dreaming & figuratively moving ahead pursuing of more advancement – elevating the relevant economic portfolio in multiple areas of national economy in the interest of both parties

MoUs is a formal agreement between two or more parties – companies and organizations can use MOUs to establish official partnerships.

MOUs are not legally binding but they carry a degree of seriousness and mutual respect, stronger than a gentlemen’s agreement.

Recently we have signed off numerous MoUs such as current visit of Malaysian Prime Minister Dr Mahathir Mohamad arrived in Islamabad on Thursday evening for a three-day visit

Razak Dawood, the prime minister’s advisor on commerce, said memoranda of understanding (MoUs) covering $800-$900 million worth of investments with Malaysian investors would be signed on Friday, Radio Pakistan reported.

The memoranda will cover deals in IT, telecom, power generation, textile, agriculture, and halal food industries.

Blieve Malaysia will be an opening for us to the ASEAN (Association of South East Asian Nations) countries,” Dawood said.

PM Imran Khan & Malaysian PM are scheduled to speak at the roundtable meeting of the chief executive officers, who desire to invest in Pakistan’s automobile and telecommunication sectors.

He said the focus of the visit will be on enhancing economic, trade, investment, and defence ties for the mutual benefit of the peoples of the two countries.

Similarly both Saudi Arabia and the United Arab Emirates have also each offered Islamabad loan packages of $3 billion.

During a visit in February, Saudi Crown Prince Mohammed bin Salman had signed investment agreements worth $20 billion with Islamabad, including a $10 billion refinery and petrochemicals complex in the southwestern port city of Gwadar.

Neighboring China also has pledged nearly $ 60 billion for energy and road and rail infrastructure projects as part of the Belt and Road Initiative (BRI), known as China Pakistan Economic Corridor (CPEC).

So MoUs if implemented in letter & spirit then it becomes a very productive paper otherwise just photo session and covers the heading in media house and that’s all.

But if both parties regard their commitment then augmentation in multiple area of national economy is boosted, progression and prosperity are seen by both.

Lets hope for the best making the relationship more cemented & result oriented.

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Hi My name is Iqbal Hussain. And if you’re reading this then I guess you’re interested in learning all about me. I’m a blogger have been writing on gilded age politics dominated by corruption, as politicians took bribes and rewarded their supporters with posh government jobs. Elections had high turnout and extraordinarily close results, but neither major party pursued ambitious policies resulting the people of the country always remains vulnerable.

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