Both countries have good potential to enhance cooperation in many areas
Naveed Ahmad Khan
ISLAMABAD: The United Arab Emirates (UAE) wants enhanced business and investment relations with Pakistan in order to complement the economy of each other and achieve mutually beneficial results. UAE also wants more investors of Pakistan to invest in its economic zones and would encourage its investors to explore Pakistan for business and investment opportunities. UAE and Pakistan have good potential to enhance cooperation in many areas including agriculture, food industry, tourism, hospitality, healthcare and others.
This was said by Rashid Abdelrehman Al-Ali Deputy Head of Mission of Embassy of UAE and Ahmed Mohammad Aljneibi Economic Advisor Ministry of Foreign Affairs and International Cooperation of UAE in a meeting with Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry during their visit to ICCI.
Speaking at the occasion, Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce & Industry said that Pak-UAE bilateral relations are based on common foundations of history, religion and culture and stressed that both countries should develop strong trade and economic relations to achieve more beneficial results. He said that Pak-UAE bilateral trade in 2021-22 has crossed USD 10 billion mark and UAE should focus on importing more products from Pakistan, which are very competitive in terms of price and quality.
He said that several companies of UAE are already doing successful business in Pakistan in aviation, oil, ports & shipping, banking, telecommunications, insurance, real estate, food and technology sectors and more should come to Pakistan as many sectors of our economy are offering attractive opportunities of joint ventures and investment to foreign investors. He also thanked the people and the government of UAE for providing generous support to the flood affectees in Pakistan.
Jamshaid Akhtar Sheikh Senior Vice President, Muhammad Faheem Khan Vice President ICCI, Umar Masood ur Rehman Vice President FPCCI, Sajjad Ali President Mohmand Agency Chamber of Commerce & Industry and Sherafgan Malik Senior Vice President Haripur Chamber of Commerce and Industry also spoke at the occasion and shared useful proposals for further improving bilateral trade and economic relations between Pakistan and UAE. Both sides also discussed setting up a Pak-UAE Business Council to further boost business relations between Pakistan and UAE.