ISLAMABAD: Pakistan emerged as the second-largest national group whose companies joined the Dubai Chamber of Commerce during the first half of the ongoing year, following India, with over 3,900 firms taking membership, said a statement released on Wednesday.
The United Arab Emirates (UAE) has strengthened its reputation as a global business hub over the years, as evidenced by the significant number of foreign investors joining the Dubai Chamber of Commerce.
The influx of Pakistani companies highlights the strategic advantages Dubai offers, such as its favorable business environment, connectivity and access to regional and international markets.
For Pakistani companies, obtaining membership with the Dubai Chamber not only facilitates easier entry into the Gulf market but also provides opportunities for networking, investment and growth in a highly competitive global arena.
“A recent analysis by Dubai Chamber of Commerce, one of the three chambers operating under the umbrella of Dubai Chambers, has revealed that Indian investors topped the list of new non-Emirati companies joining the chamber during the first half of this year, with 7,860 new companies,” the Dubai Chamber of Commerce said.
“Pakistan ranked second on the list with 3,968 new companies joining in H1 2024, while Egypt followed with 2,355 new companies registering as members of the chamber,” it added.
While the statement did not mention the sectoral distribution of Pakistani companies, it said the trade and repairing services sector ranked first overall, accounting for 41.5% of the total.
The real estate, renting and business services sector came in second place, representing 33.6% of all new firms securing their membership.
This was followed by the construction sector in third place at 9.4%, and the transport, storage and communications sector, which ranked fourth with 8.4%.
The social and personal services sector came in fifth place at 6.6%.
Pakistan views the UAE, particularly Dubai, as a gateway not just to the Gulf market but the wider Middle East and even North Africa.
The strategic location of the Arab state, combined with its robust infrastructure, favorable business environment and strong trade links, makes it an attractive entry point for Pakistani companies aiming to expand their reach in the region.
Pakistan becomes second-largest national group joining Dubai Chamber of Commerce this year
https://arab.news/cu592
Pakistan becomes second-largest national group joining Dubai Chamber of Commerce this year
- Pakistani companies aiming to expand their reach in Mideast, North Africa view Dubai as an attractive entry point
- Dubai Chamber says 3,968 new Pakistani companies secured their membership with it in the first half of 2024
’I will go’: Bengalis in Pakistan hope for family reunions
- Direct flights between Pakistan and Bangladesh, one nation until 1971m finally resumed last month after 14-year pause
- Over a million Bengalis now live in Pakistan, many of whom arrived during 1971 war when Bangladesh seceded
KARACHI: Shah Alam traveled from his home in Bangladesh to Pakistan for a brief visit nearly three decades ago, but flaring hostility between the two countries and financial woes left him stranded in the megacity of Karachi.
Now the 60-year-old, who makes a modest living selling dried seafood, is determined to return to his birthplace, having already missed the deaths of his parents and first wife in Bangladesh.
Direct flights between Pakistan and Bangladesh — one nation until 1971 — finally resumed last month after a 14-year pause, reflecting a warming of once-frosty ties since a Bangladeshi student-led uprising ushered in new leadership in 2024.
Shah Alam has already started planning his trip to be reunited with remaining family.
“I will go,” he told AFP with teary eyes.
“I am facing some financial issues but will certainly go with my son after Eid Al-Adha,” referring to the Muslim holiday expected in late May.
Shah Alam, who married again in Pakistan, still owns agricultural land and his family home in Bangladesh.
“Everything is there. I was stuck here,” he told AFP in Karachi, near the well-known Bengali market where he peddles desiccated fish and prawns to make ends meet for $7 to $9 per day.
“I wanted to go back, but there was no way. The relationship (between Pakistan and Bangladesh) was not good. I had no money as well to go back home.”
“Now, I want to see my elder brother and my married daughter who live in Bangladesh.”
BITTER CIVIL WAR
Bangladesh and Pakistan, which are geographically divided by about 1,500 kilometers (930 miles) of Indian territory, split after a bitter war in 1971.
Hundreds of thousands were killed in the conflict — Bangladeshi estimates say millions — and Pakistan’s military was accused of widespread atrocities.
There are estimated to be over a million ethnic Bengalis now living in Pakistan, many of whom arrived during the war, after which East Pakistan declared independence and became Bangladesh.
The vast majority of Bangladesh’s population of 170 million people identify as belonging to the ethnic and linguistic group, and tens of millions more Bengalis live across South Asia, mostly in neighboring India.
Bengalis have long complained that Pakistan, where they are a small minority, has never accepted them as citizens and that they lack access to education, business opportunities and the property market.
Hussain Ahmed, 20, whose family lives in Machhar Colony, one of Karachi’s largest slum areas where most of the population is comprised of Bengalis, does not have Pakistani nationality or an identity card.
“How can I go (to Bangladesh)? I want to go there,” the fish factory worker told AFP. “Even my father doesn’t have an identity card. How can I get it then?“
Karachi has several Bengali neighborhoods, mainly slums, which residents say have housed Bengalis since before East Pakistan became Bangladesh.
Most Bengalis rarely venture outside their home areas owing to fear of being interrogated by law enforcement agencies to prove their “identities” as Pakistani citizens.
“I am a Pakistani, but I don’t have my identity card,” another 22-year-old Bengali, Ahmed, told AFP.
Ahmed says he has the required documents, but cannot prove that his family was living in what is now Pakistan before 1971.
“They declare me a Bangladeshi, but I am a Pakistani,” he said.
Like many others, Ahmed’s relatives live in Bangladesh, but he and his family have never had the chance to see them as they remain stateless.
“We have our relatives there, but the (Pakistan) government doesn’t recognize us.”
’CORDIAL RELATONSHIP’
Last August, Pakistan’s Foreign Minister Ishaq Dar visited Dhaka and met with Bangladesh’s Chief Adviser Muhammad Yunus in the first Pakistani government visit to Dhaka since 2012, with Islamabad calling it a “significant milestone.”
Yunus vowed to warm strained ties with Islamabad after he took the helm of Bangladesh’s government in a temporary capacity following the 2024 overthrow of former Prime Minister Sheikh Hasina who fled to her long-time ally India — Pakistan’s arch-rival.
The diplomatic thaw is widely expected to continue under Bangladesh’s newly elected Prime Minister Tarique Rahman, who took office this month.
Local politician Muhammad Rafiqul Hussain, who was born in Karachi, told AFP that Bengalis like him live across Pakistan and contribute to the economy like other Pakistanis.
He is one of the seven elected leaders from the Bengali community in Karachi’s municipal government.
“This is our fourth generation in Pakistan,” he said, adding there are more than 106 Bengali neighborhoods in Karachi, Pakistan’s largest city which is known as a multicultural melting pot.
For Hussain, the “cordial relationship” between Pakistan and Bangladesh has made a big difference for Pakistani Bengalis.
“Everyone is happy. It will boost both countries’ economies. It will encourage brotherhood like we had in the past.”
However, community activist and lawyer Hafiz Zainulabdin Shah said Bengalis living in Pakistan have lost some of their identity by adopting local languages.
“Bengalis who live in Karachi mostly speak Urdu,” he said, adding: “We don’t have our own culture now.”
But despite Pakistan-based Bengalis living “with a sense of deprivation,” Shah said “they feel content with the newly developed relationship between the two countries.”
“It should continue forever,” he said.
