Islamabad: A delegation of the Pakistan Business Council (PBC) Dubai on Friday held a meeting with Pakistan’s Ambassador to the United Arab Emirates (UAE) Faisal Niaz Tirmizi and shared their plans to enhance business to business (B2B) ties between the two countries, the Pakistani embassy said.
The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE foreign ministry.
It is also home to more than a million Pakistani expatriates. Policymakers in Pakistan consider the UAE an optimal export destination due to its geographical proximity, which minimizes transportation and freight costs while facilitating commercial transactions.
The PBC delegation, which comprised its newly elected Board of Directors and was led by Shabbir Merchant, met Ambassador Tirmizi at the Embassy of Pakistan in Abu Dhabi.
“The delegation of Pakistan Business Council presented their vision and strategy in enhancing the business-to-business relationship between Pakistan and the UAE,” the Pakistani embassy said in a statement. “They also sought embassy’s support in materializing their vision.”
The PBC assists Pakistan-related companies and professionals in establishing businesses or working in the UAE through business networking and connections, and information exchange.
The Pakistani ambassador assured the delegates of the embassy’s support in strengthening economic and trade relations between Pakistan and the UAE, according to the Pakistani embassy.
This week, Pakistan’s consul general, Hussain Muhammad, met the PBC officials in Dubai, where Merchant shared with him the council’s strategic roadmap for 2025-2026.
Muhammad appreciated PBC’s efforts in promoting Pakistan’s economic potential in the UAE and stressed the need for business leaders to explore opportunities in Pakistan’s diverse sectors, including information technology, manufacturing, agriculture and tourism.
Pakistan and UAE have stepped up efforts in recent years to strengthen their business and investment relations. In January last year, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure, a Pakistani official said, amid Pakistani caretaker prime minister Anwaar-ul-Haq Kakar’s visit to Davos for the World Economic Forum’s summit.
Pakistan Business Council officials meet Islamabad’s envoy in UAE in bid to enhance bilateral B2B ties
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Pakistan Business Council officials meet Islamabad’s envoy in UAE in bid to enhance bilateral B2B ties
- The United Arab Emirates is Pakistan’s third-largest trading partner after China and US, and a major source of foreign investment
- The PBC assists Pakistan-related companies and professionals in the UAE through business networking and exchange of information
Pakistan explores ferry shipping to boost trade with Yemen, regional markets
- Pakistan commerce minister meets Yemeni envoy to discuss enhancing trade cooperation
- Yemeni ambassador calls for reviving bilateral agreements, strengthening trade mechanisms
ISLAMABAD: Pakistan’s Commerce Minister Jam Kamal Khan said on Friday that his ministry is exploring the possibility of introducing ferry-based shipping services with Yemen to cut freight costs and boost bilateral, regional trade.
Pakistan has been attempting to enhance its ferry-based services with Middle Eastern countries in recent months. Islamabad granted its first-ever ferry service license to an international operator, Sea Keepers, for routes connecting Pakistan with Iran and Gulf Cooperation Council (GCC) countries in August. Last month, Pakistan’s federal cabinet approved a ferry service to Oman from the southwestern port of Gwadar to boost trade and tourism.
Khan met Yemen’s Ambassador to Pakistan, Mohammed Motahar Alashabi, in Islamabad on Friday where both sides discussed enhancing trade and economic cooperation between the two countries.
“Jam Kamal highlighted the importance of creating efficient, low-cost logistics channels for small and medium enterprises and informed H.E. Alashabi that the ministry is examining the introduction of ferry-based small shipping services to reduce freight costs and improve turnaround time for regional trade,” the commerce ministry said.
“Both sides expressed confidence that sustained dialogue, improved logistics, and revival of formal cooperation mechanisms will help unlock new opportunities for trade and investment between Pakistan and Yemen.”
Alashabi expressed Yemen’s desire to expand commercial engagement with Pakistan, the commerce ministry said, stressing that Yemen continues to regard Islamabad as a “trusted partner” despite logistical and regional challenges in recent years.
He said nearly 300 Yemeni students are studying in Pakistan, highlighting strong people-to-people ties and confidence in Pakistan’s educational institutions. He stressed the need to revive bilateral agreements and strengthen mechanisms to boost trade between the nations.
Kamal said Pakistan placed a lot of emphasis on expanding trade with regional and nearby markets, adding that Pakistan’s growing entrepreneurial and SME sectors could benefit from improved access to close-proximity markets such as Yemen, Somalia, Ethiopia, and Oman.
