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 stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

Updated 05 March 2026
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Pakistan stocks recover as oil supply fears ease after Islamabad seeks Red Sea route— analyst

  • Pakistan has sought Saudi help to secure oil supplies via Red Sea port after Iran’s closure of Strait if Hormuz
  • Analyst says higher crude oil prices, expectations of IMF releasing next loan tranche also triggered bullish activity

ISLAMABAD: Pakistani stocks marked a sharp recovery when trading closed on Thursday, as institutional activity increased following Islamabad’s move to seek crude oil supplies through the Red Sea port eased oil supply fears, a financial analyst said. 

Pakistani stocks have recorded a sharp decline this week, with the benchmark KSE-100 index recording its largest-ever single-day decline on Monday when it plunged 16,089 points. Escalating conflict in the Middle East triggered panic selling at the Pakistani bourse, forcing a temporary trading halt on Monday. 

The KSE-100 index, however, gained 3.49 percent or 5,433.46 points to close at 161,210.67 when trading ended on Thursday, up from the previous close of 155,777.21 points, according to Pakistan Stock Exchange’s (PSX) data.

Pakistan’s Petroleum Minister Ali Pervaiz Malik met Saudi Ambassador Nawaf bin Said Al-Malki on Wednesday to discuss Iran’s closure of the key Strait of Hormuz, which has threatened Pakistan’s energy supply. Roughly 20 percent of the global oil and gas supply passes through the route. Saudi Arabia indicated it could facilitate shipments through the Red Sea port of Yanbu, offering an alternative route if Gulf shipping lanes remain disrupted, the petroleum ministry said on Wednesday. 

“Stocks staged a sharp recovery at PSX amid institutional activity on easing fuel supply fears after KSA [Kingdom of Saudi Arabia] commits oil supplies through the Red Sea port,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

He said higher global crude oil prices and expectations of the International Monetary Fund releasing its next tranche of the $7 billion loan for Pakistan also helped bullish activity at the PSX.

An IMF mission was in Pakistan to hold talks on the third review of a $7 billion Extended Fund Facility multi-year program, and for the second review of the $1.4 billion Resilience and Sustainability Facility this week.

However, the delegation left for Türkiye amid tensions in the Gulf. Pakistani officials have said talks are likely to continue virtually in the coming days. 

Pakistani brokerage Topline Securities said in its daily market review report that strong institutional buying “turned the tide” on Thursday after the market’s recent overreaction to regional issues.

The report added that Hub Power Company (HUBC), Oil & Gas Development Company (OGDC), Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), and Meezan Bank Limited (MEBL) collectively contributed 2,197 points to the KSE benchmark’s gain.

Topline Securities said 723 million shares were traded on Thursday, with K-Electric Limited (KEL) stealing the spotlight as more than 1.17 billion shares changed hands.

Pakistani investors are closely monitoring developments in the Gulf, particularly around energy routes and further retaliatory actions, as the conflict’s trajectory remains uncertain.