ISLAMABAD: Pakistan’s interim commerce minister Dr. Gohar Ejaz discussed the possibility of increasing the quantum of trade with the United Arab Emirates along with the creation of a more business-friendly environment for investors from the Gulf state during his visit to Abu Dhabi on Saturday.
The UAE is Pakistan’s key economic partner in the region due to its geographical proximity, leading to significant trade exchanges between the two countries. The relationship between them is also vital for Pakistan due to strategic investments and remittances.
Dr. Ejaz met the UAE’s state minister for foreign trade Dr. Thani Ahmed Al Zeyoudi to identify promising avenues for investment in Pakistan’s service and logistics sectors.
According to an official statement, these avenues encompassed vital areas such as infrastructure development of ports, logistics hubs and aviation facilities along with the expansion of shipping and cargo services.
“Both ministers expressed their unwavering commitment to streamlining procedures and creating an environment conducive for UAE investors,” the statement added. “They acknowledged the immense potential for collaboration in these sectors, which would not only boost trade but also generate employment opportunities and contribute to the overall economic growth of both countries.”
“We are excited about the opportunities that lie ahead with this renewed focus on economic cooperation with the UAE,” Dr. Ejaz said. “Our shared vision for a vibrant and interconnected future paves the way for mutually beneficial investments and trade initiatives.”
The UAE, along with other friendly countries like Saudi Arabia and China, rescued Pakistan in recent years amid a prolonged financial crisis.
The Gulf state is also home to a significant number of Pakistani nationals who make major contributions to the national economy through their remittances.
