ISLAMABAD: UAE’s Deputy Prime Minister and Minister of Foreign Affairs Sheikh Abdullah bin Zayed Al Nahyan arrived in Islamabad on Sunday for a two-day official visit aimed at strengthening cooperation in energy, trade and security, Pakistan’s foreign ministry said.
Pakistan and the UAE have deepened their economic partnership in recent years. The UAE is Pakistan’s third-largest trading partner after China and the United States, and a major source of foreign investment, with over $10 billion invested in the last two decades.
“Deputy Prime Minister/Foreign Minister Senator Muhammad Ishaq Dar @MIshaqDar50 received the Deputy Prime Minister/Minister of Foreign Affairs of UAE, Sheikh Abdullah Bin Zayed Al Nahyan @ABZayed today in Islamabad,” the foreign office announced in a brief statement. “He is on a two-day official visit to Pakistan.”
It said in an earlier statement the UAE deputy prime minister will hold talks with Dar on a wide range of issues.
“The entire spectrum of bilateral relations, with particular focus on trade and investment, energy cooperation, regional security and people-to-people linkages will be reviewed during the meeting.”
The UAE royal is also scheduled to meet Prime Minister Shehbaz Sharif during his visit.
His stay in Pakistan is expected to further strengthen the longstanding ties between the two countries and contribute to deepening bilateral engagements in diverse fields, benefiting the peoples of both countries, according to the foreign office.
The UAE is home to over a million Pakistani expatriates, the second-largest overseas Pakistani community globally, and a major source of remittance inflows to Pakistan.
Policymakers in Islamabad view the UAE as an ideal export destination due to its geographic proximity, which lowers freight costs and facilitates smoother trade.
In recent years, the two countries have signed a series of agreements to boost economic ties.
In February, during the Abu Dhabi crown prince’s visit to Pakistan, the two sides signed accords in mining, railways, banking and infrastructure.
Last year in January, Pakistan and the UAE signed deals worth more than $3 billion covering railways, economic zones and infrastructure development.
The UAE has become an even more crucial partner for Pakistan amid Islamabad’s efforts to achieve sustainable economic growth after suffering from a prolonged macroeconomic crisis.
UAE deputy PM in Pakistan to discuss energy, trade, and security ties
https://arab.news/2pj74
UAE deputy PM in Pakistan to discuss energy, trade, and security ties
- Sheikh Abdullah Bin Zayed Al Nahyan will hold meetings with PM Shehbaz Sharif and Ishaq Dar
- Pakistan and the UAE have signed several agreements to boost economic ties in recent years
Pakistan capital market transitions to T+1 settlement cycle ahead of multiple advanced markets
- A T+1 settlement cycle means that securities transactions are finalized and settled one business day after trade date
- Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle
KARACHI: Pakistan’s capital market has officially transitioned to the Trade plus one (T+1) settlement cycle, a landmark reform that strengthens efficiency, reduces risk and aligns the country with international best practices, the Pakistan Stock Exchange (PSX) said on Tuesday.
A T+1 settlement cycle means that securities transactions are finalized and settled one business day after the trade date, which reduces counterparty risk and improves capital efficiency in the exchange of funds and securities.
Effective from Feb. 9, all eligible trades at the PSX are now settled on a T+1 basis, replacing the previous T+2 cycle. The transition was implemented under the guidance of the Securities and Exchange Commission of Pakistan (SECP) through close collaboration among all stakeholders, according to the PSX.
It aligns Pakistan’s capital market with leading markets such as the United States, Canada, Mexico, Argentina, Jamaica and China, which have already adopted shorter settlement cycles. Europe, the UK and Switzerland are set to follow by 2027. By moving early, Pakistan has demonstrated its commitment to modernization and investor protection.
“The transition to the T+1 settlement cycle brings important advantages for Pakistan’s capital market. It enables faster access to funds and securities, improving liquidity, while reducing settlement and counterparty risk through shorter exposure periods,” the PSX said.
“Quicker trade finalization enhances efficiency and the reform strengthens investor confidence, particularly among institutional and foreign investors. Together, these benefits support a stronger and more resilient market aligned with global best practices.”
Pakistan’s stock market has touched historic highs in recent months as broad institutional buying boosted investor confidence amid ongoing economic reforms under international lending programs. Pakistani state media reported in Jan. around 135,000 new investors had joined the PSX over the last 18 months.
SECP Chairman Dr. Kabir Ahmed Sidhu commended the PSX, the Central Depository Company and the National Clearing Company of Pakistan for the successful implementation of the T+1 settlement system.
“The reform brings Pakistan’s capital market at par with modern jurisdictions by accelerating trade settlement, reducing counterparty and market risks, and enhancing liquidity,” he was quoted as saying by the PSX.
“The adoption of T+1 will strengthen investor confidence and align Pakistan’s capital market with evolving international standards and global best practices.”
