UAE wants to strengthen trade and investment relations with Pakistan

ISLAMABAD: The United Arab Emirates (UAE) wants to strengthen trade and investment relations with Pakistan to complement each other’s economy and achieve mutually beneficial results.

The UAE also wants to have more investors from Pakistan to invest in its economy
areas and would encourage its investors to explore Pakistan for business and
investment opportunities.

The UAE and Pakistan have good potential to strengthen cooperation in many areas
including agriculture, food industry, tourism, hospitality, health and
others.

So said Rashid Abdelrehman Al-Ali, deputy head of mission of the embassy
of the United Arab Emirates and Ahmed Mohammad Aljneibi Economic Advisor Ministry of Foreign Affairs
UAE International Affairs and Cooperation in a meeting with Muhammad
Shakeel Munir, President of the Islamabad Chamber of Commerce and Industry during
their visit to the CICI.

Speaking on the occasion, Muhammad Shakeel Munir, said that Pak-UAE
bilateral relations are based on common bases of history, religion and
culture and urged the two countries to develop strong trade and economy
relationships to achieve more beneficial results.

He said Pak-UAE bilateral trade in 2021-22 exceeded $10 billion
brand and urged the UAE to focus on importing more products from Pakistan, which
are very competitive in terms of price and quality.

He said several companies in the UAE are already doing business successfully
in Pakistan in aviation, petroleum, ports and shipping, banking,
telecommunications, insurance, real estate, food and technology sectors and
others should come to Pakistan as many sectors of our economy offer
attractive opportunities for joint ventures and overseas investments
investors.

He also thanked the people and government of the United Arab Emirates for generously
support for flood victims in Pakistan.

Jamshid Akhtar Sheikh Senior Vice President, Muhammad Faheem Khan Vice President
The ICCI President and the industry also spoke on the occasion and shared useful information
proposals to further improve bilateral trade and economic relations
between Pakistan and the United Arab Emirates.