FM Qureshi discusses ‘welfare’ of Pakistani expats with UAE counterpart 

Pakistan's foreign minister Shah Mahmood Qureshi held a meeting with his Emirati counterpart Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi on December 18, 2020 in Dubai. (Photo Courtesy: UAE Embassy)
Short Url
Updated 18 December 2020
Follow

FM Qureshi discusses ‘welfare’ of Pakistani expats with UAE counterpart 

  • Shah Mahmood Qureshi meets foreign minister Sheikh Abdullah bin Zayed Al Nahyan during a two-day visit to the UAE
  • UAE is home to 1.2 million Pakistanis, second largest host to overseas Pakistani workers after Saudi Arabia

ISLAMABAD: Pakistani Foreign Minister Shah Mahmood Qureshi met Sheikh Abdullah bin Zayed Al Nahyan, Foreign Minister of the United Arab Emirates, on Thursday, and discussed the “welfare” of Pakistanis living in the UAE and agreed to enhance trade and investment ties. 

The foreign minister’s visit comes at a time when international media has reported that the UAE had stopped issuing new visas to citizens of 13 mostly Muslim-majority countries, including Pakistan.

However, Pakistani officials, including Prime Minister Imran Khan’s Special Assistant on Overseas Pakistanis, Sayed Zulfiqar Bukhari, have denied the reports, saying there was “no ban on export of Pakistani workforce.”

The UAE is home to 1.2 million Pakistanis and the second largest host to overseas Pakistani workers and source of foreign remittances, after Saudi Arabia.

“Praising the hard work and dedication of Pakistani professionals and workers in the UAE, Foreign Minister Qureshi acknowledged their positive contribution toward progress and development of the UAE as well as Pakistan,” the foreign office said in a statement. “He discussed with his counterpart matters pertaining to Pakistani diaspora’s welfare and stressed the need to further strengthen people to people linkages between the two brotherly countries.”

During the meeting, Qureshi thanked the UAE for its consistent support to Pakistan, particularly during the coronavirus pandemic and underscored the “significance accorded by Pakistan to its fraternal relations with the UAE — a brotherly country and an important regional partner.”
 
The two foreign ministers reviewed all aspects of bilateral relations and exchanged views on regional and global issues, including disputed Kashmir, and ongoing peace talks in Afghanistan.
 
“Both Foreign Ministers agreed to enhance existing strong bilateral ties, in particular in the areas of economy, trade and investment,” the foreign office said. 

Qureshi also invited Al Nahyan “to visit Pakistan on mutually convenient dates in the near future which he graciously accepted.”

In a meeting on Thursday with Sheikh Mohammed bin Rashid Al Maktoum, the vice president and prime minister of the United Arab emirates and the ruler of the Emirate of Dubai, Qureshi had pressed for a “speedy solution” to the problems of Pakistanis living in the Emirates.

“Millions of Pakistanis living in the UAE have been playing a vital role in building and developing the UAE for decades,” Qureshi said in his meeting with the ruler of Dubai.

“The Foreign Minister apprised Prime Minister Sheikh Mohammed bin Rashid Al Maktoum of the difficulties faced by Pakistanis residing in the UAE and stressed the need for a speedy solution,” the foreign office said in a statement.


Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

Updated 12 March 2026
Follow

Rating firm S&P says it won’t rush Iran war downgrades, sees risks for countries like Pakistan

  • Agency says it is monitoring indebted energy importers as higher oil prices strain finances
  • Gulf economies seen better placed to weather shock, though Bahrain flagged as vulnerable

LONDON: S&P Global ‌said it would not make any knee-jerk sovereign rating cuts following the outbreak of war in the ​Middle East, but warned on Thursday that soaring oil and gas prices were putting a number of already cash-strapped countries at risk.

The firm’s top analysts said in a webinar that the conflict, which has involved US and Israeli strikes ‌against Iran and Iranian ‌strikes against Israel, ​US ‌bases ⁠and Gulf ​states, ⁠was now moving from a low- to moderate-risk scenario.

Most Gulf countries had enough fiscal buffers, however, to weather the crisis for a while, with more lowly rated Bahrain the only clear exception.

Qatar’s banking sector could ⁠also struggle if there were significant ‌deposit outflows in ‌reaction to the conflict, although there ​was no evidence ‌of such strains at the moment, they ‌said.

“We don’t want to jump the gun and just say things are bad,” S&P’s head global sovereign analyst, Roberto Sifon-Arevalo, said.

The longer the crisis ‌was prolonged, though, “the more difficult it is going to be,” he ⁠added.

Sifon-Arevalo ⁠said Asia was the second-most exposed region, due to many of its countries being significant Gulf oil and gas importers.

India, Thailand and Indonesia have relatively lower reserves of oil, while the region also had already heavily indebted countries such as Pakistan, Bangladesh and Sri Lanka whose finances would be further hurt by rising energy prices.

“We ​are closely monitoring ​these (countries) to see how the credit stories evolve,” Sifon-Arevalo said.