ISLAMABAD: Pakistan and the United Arab Emirates have agreed to foster their bilateral cooperation in trade, investment, energy and other sectors, the Pakistani foreign office said late Friday, amid Pakistan’s efforts to revive its $350 billion economy.
The statement came after Deputy Prime Minister Ishaq Dar’s meeting with his Emirati counterpart Sheikh Abdullah bin Zayed Al-Nahyan in Abu Dhabi, at which the two leaders engaged in discussions to further strengthen Pakistan-UAE fraternal ties.
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’s foreign ministry.
Both countries have stepped up efforts in recent years to strengthen their economic relations. In Jan. 2024, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure.
“They explored avenues to enhance bilateral cooperation across key sectors, including trade, investment, energy, defense, and people-to-people connections,” the Pakistani foreign office said, following the meeting between DPM Dar and his Emirati counterpart.
“The two leaders agreed to maintain regular high-level engagements and consultations to further solidify bilateral ties and coordinate on regional and international issues of mutual concern.”
The development comes amid Islamabad’s efforts to forge closer ties, especially in trade and investment, with several Central Asian and Gulf nations as Pakistan treads a tricky path to economic recovery since avoiding a default in June 2023.
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. It is also home to more than a million Pakistani expatriates, making it the second-largest Pakistani expatriate community worldwide and a major source of foreign workers’ remittances for Pakistan.
During the meeting, Dar reaffirmed Pakistan’s commitment to deepening its multifaceted partnership with the Emirates and highlighted the pivotal role of the Pakistani diaspora in the UAE, describing them as a bridge between the two nations.
“In response, Sheikh Abdullah bin Zayed Al-Nahyan reiterated the UAE’s steadfast commitment to strengthening its strategic relationship with Pakistan,” the Pakistani foreign office said.
“He acknowledged Pakistan’s significant contributions to regional stability and expressed appreciation for the positive role played by the Pakistani community in the UAE’s development.”
Pakistan, UAE resolve to foster cooperation in trade, investment, energy and other sectors
https://arab.news/88x4f
Pakistan, UAE resolve to foster cooperation in trade, investment, energy and other sectors
- The UAE is Pakistan’s third-largest trading partner after China and the US, and a major source of foreign investment
- Policymakers in Pakistan consider the Gulf country an optimal export destination due to its geographical proximity
Peace can only prevail if Afghanistan renounces support for ‘terrorism’— Pakistan defense chief
- Pakistan’s chief of defense forces visits South Waziristan district bordering Afghanistan
- Pakistan says has killed 481 Afghan Taliban operatives since clashes began last Thursday
ISLAMABAD: Pakistan’s Chief of Defense Forces Field Marshal Syed Asim Munir said on Wednesday that peace with Afghanistan can only prevail if Kabul renounces support for “terrorism” and “terrorist” organizations, the military’s media wing said as the two countries remain locked in conflict.
Fighting between the two neighbors, the worst in decades, broke out last Thursday night after Afghan forces attacked Pakistan’s military installations along their shared border. Afghanistan said its attacks were in response to earlier airstrikes by Pakistan against alleged militant hideouts in its country.
Pakistan accuses Afghanistan of sheltering militant outfits such as the Tehreek-e-Taliban Pakistan (TTP) on its soil who have launched attacks against Pakistani civilians and security forces in recent years. Kabul denies the allegations.
Munir visited Wana town in Pakistan’s South Waziristan district to review the security situation and troops’ operational preparedness at the Afghan border, the Pakistani military’s media wing said in a statement.
“The Field Marshal reiterated that peace could only prevail between both sides if the Afghan Taliban renounced their support for terrorism and terrorist organizations,” the Inter-Services Public Relations (ISPR) said.
The military chief said the use of Afghan soil by militant outfits to launch attacks against Pakistan was unacceptable, vowing that “all necessary measures” would be taken to neutralize cross-border threats.
During the visit, Munir was briefed by military commanders about ongoing intelligence-based operations and measures being taken by the military to manage the border with Afghanistan.
He was also briefed about “Operation Ghazab Lil Haq” or “Wrath for the Truth,” the name Pakistan has given to its military operation against Afghan forces, the ISPR said.
The Pakistani military chief spoke to troops deployed in the area, praising their vigilance, professional conduct and high morale, the ISPR said.
Pakistan’s Information Minister Attaullah Tarar said on Wednesday that the military has killed 481 Taliban operatives, injured more than 690 and destroyed 226 Afghan checkposts since clashes began.
Arab News has been unable to verify claims by both sides about the damages they claim to have inflicted on each other.
Afghanistan has signaled it is open for dialogue but Pakistan rejected the offer, saying it would continue its military operations till its objectives were achieved.
Since the conflict began, diplomatic efforts have intensified with several countries, including global bodies such as the European Union and United Nations, urging restraint and calling for talks.
Turkish President Recep Tayyip Erdogan told Pakistani Prime Minister Shehbaz Sharif that Ankara would help reinstate a ceasefire, the Turkish Presidency said on Tuesday, as other countries that had offered to mediate have since been hit by the conflict in the Gulf.
