ISLAMABAD: Pakistan’s envoy to the United Arab Emirates (UAE) on Wednesday held a meeting with the head of a Pakistani business group to discuss the enhancement of ties between Pakistani exporters and UAE businessmen, the country’s embassy in UAE confirmed.
Pakistan and the UAE enjoy fraternal relations and bilateral cooperation in various fields. The UAE is also Pakistan’s third-largest trading partner after China and the United States. Last year, the trade volume between the two countries stood at $10.6 billion as compared to 2021’s figure of $5.36 billion.
UAE is an ideal export destination for the South Asian nation as the short distance between the two countries limits transportation costs and facilitates commercial exchanges. Currently, Pakistani exports to the UAE are mainly confined to textiles and various food items. However, Pakistan has expressed willingness in the past to diversify its exports to the Gulf country.
The UAE has said it is fully cognizant of Pakistan’s development-related policies and was also interested in augmenting its investment in new economic sectors.
“Ambassador Faisal Niaz Tirmizi held a meeting with Mr. Tariq Nizami, President CEO’s Club today at the Embassy of Pakistan, Abu Dhabi,” Pakistan’s Embassy in UAE announced in a Twitter post.
“[The] enhancement of B2B networking of Pakistani exporters with UAE businesses and Pakistan’s exports to the UAE were discussed during the meeting,” the post added.
CEO Club Pakistan is one of the premier business groups in the country which draws hundreds of business leaders across the region and provides opportunities for company heads and their teams to discover new business opportunities through networking.
