Pakistan Expo 2020 in Dubai gets $14 million funding from UAE

The Dubai World Trade Centre, which is also the region’s biggest trade venue, last year welcomed 3.3 million delegates and attendees to 353 MICE and business events. (Courtesy Dubai World Trade Center Authority)
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Updated 09 March 2020
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Pakistan Expo 2020 in Dubai gets $14 million funding from UAE

  • Says UAE government has provided land free of cost and funding complete construction of Pakistan pavilion
  • The six-month long Dubai Expo 2020 is set to begin in October

ISLAMABAD: With $14 million funding support from the UAE, Pakistan’s Expo 2020 pavilion in Dubai will be fully operational in July with construction work underway at a very fast pace, Pakistan’s ambassador to the UAE, Ghulam Dastgir, said on Saturday.
“The government of Pakistan is partially funding it along with participation of private sector,” Dastgir said, and added the UAE government’s contribution would go toward the project’s total estimated construction cost of $21.4 million (Dh77 million).
“The construction of the Pakistani pavilion started in the last week of February for which the land was given free of cost by UAE government and work is underway at a very fast pace. It’s a big pavilion with close to 3,500 sq. meters of covered area. Its main structure will be complete in the next couple of months and it will be fully functional by July,” Dastgir told Arab News on the phone from Abu Dhabi.




The construction work is underway on Pakistan Expo 2020 pavilion in Dubai on March 1, 2020. (Courtesy: Pak embassy UAE)

In October 2018, Pakistan formally signed a participation contract with Expo 2020 authorities, with officials saying the pavilion would reveal the country’s culture, investment opportunities and tourism potential.Once complete, the pavilion will be retained by Pakistan after the event to showcase Pakistani culture, the ambassador said.
“Whenever I have interaction with UAE officials and leadership, they say they are looking forward to the big Pakistani participation in Expo 2020,” he said.
Set to run from October 20, 2020 to April 10, 2021 under the theme of Connecting Minds, Creating the Future, the six-month long expo will be the largest ever staged in the Arab world with more than 190 countries participating and 25 million people expected to visit the exhibition.
The envoy said Pakistan’s ministry of commerce and Trade Development Authority Pakistan (TDAP) had been assigned to ensure Pakistan’s greatest participation during the expo-- a task on which they are working tirelessly alongside the mission in UAE.
“This expo will have digital display, so we are also producing high definition (HD) content to run on the screen for the six months. The ministry of commerce and TDAP is working on the production of the content. Pakistan has also appointed a Director General of Expo 2020 who is the focal person for all arrangements with the business community, expo authorities and others,” Dastgir said.
Pakistan’s Prime Minister Imran Khan said in December that valuable government properties would be sold for better utilization of funds on public welfare projects at the Dubai Expo 2020 in order to attract foreign investment, including that of expats.


Pakistan to sell excess gas in international markets from Jan.1— petroleum minister

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Pakistan to sell excess gas in international markets from Jan.1— petroleum minister

  • Pakistan was reportedly exploring ways to reduce $378 million in annual losses from supply glut caused by excess fuel imports 
  • Move to sell excess LNG in international markets will limit $3.56 billion losses caused since 2018-19, says petroleum minister

ISLAMABAD: Pakistan will sell its excess liquefied natural gas (LNG) in international markets from Jan. 1, Petroleum Minister Ali Pervaiz Malik said, revealing the move would limit losses caused from a years-long supply gut. 

Local and international media outlets had reported in July that Pakistan was exploring ways to sell excess LNG cargoes amid a gas supply glut that government officials said was costing domestic producers $378 million in annual losses. News reports had said Pakistan had at least three LNG cargoes in excess that it imported from Qatar and has no immediate use for.

Speaking to reporters during a press conference on Sunday, Malik said there was an excess of imported gas in Pakistan as the use of this fuel for power generation had reduced in the country during the past few months. He said Islamabad had been forced to sell the gas to local consumers, due to which the circular debt in the gas sector from 2018 till now had ballooned to around Rs1,000 billion [$3.56 billion]. 

“From Jan. 1 we will sell this excess fuel in international markets to reduce our burden and limit our losses of this Rs1,000 billion [$3.56 billion],” Malik said. 

He said this move would also allow Pakistan’s state-owned enterprises in the sector to operate on their full capacity and generate profits and employment. 

Malik also spoke of foreign oil companies that were ready to invest millions in the country in the near future. 

The minister cited the recent visit of Turkish energy minister to Pakistan which had resulted in the state-owned Turkish Petroleum signing deals to carry out onshore and offshore drilling activities in Pakistan. 

“Turkish Petroleum will also open its office in Islamabad, where 10 to 15 Turkish nationals will be working,” Malik said. 

He also said that a delegation of the State Oil Company of Azerbaijan Republic (SOCAR) visit Pakistan this week, adding that it was also expected to collaborate with local companies for oil and gas exploration.

The minister said SOCAR was also opening its office in Pakistan. 

“It will also invest millions of dollars in the construction of an oil pipeline from Machike to Thalian in collaboration with the PSO (Pakistan State Oil) and FWO (Frontier Works Organization),” Malik said.