Islamabad, 2 April 2024 (TDI): The United Arab Emirates (UAE) Ambassador to Pakistan, Hamad Obaid Al Zaabi, engaged in a fruitful discussion with Pakistan’s Federal Minister for Commerce.
The meeting focused on matters of mutual interest and strategies to enhance bilateral trade.
During the meeting, Federal Minister for Commerce, Jam Kamal, emphasized the strong brotherhood relations between the two nations, which have continued to strengthen over time.
He emphasized the need to further bolster these ties on the commercial front. Ambassador Al Zaabi echoed Minister Kamal’s sentiments, expressing the UAE’s desire to see Pakistan thrive across all sectors.
Despite existing challenges, he highlighted the untapped potential for increasing trade volume between the two countries.
Al Zaabi underscored the deep-rooted and unique relations between Pakistan and the UAE, emphasizing their strength and significance.
Minister Kamal reiterated the vast opportunities for collaboration, particularly in fostering people-to-people business relationships.
Both dignitaries expressed their commitment to exploring avenues for enhancing bilateral trade and cooperation in various sectors.
UAE’s Big Companies to invest in Pakistan
Previously in March, the Ambassador of UAE to Pakistan, Hamad Obaid Ibrahim Salem Al-Zaabi, had a meeting with President Asif Ali Zardari.
Ambassador Zaabi said that big companies from the UAE are keen to invest in various sectors in Pakistan such as aviation, agriculture, renewable energy (solar), education, and healthcare.
In discussions with the Ambassador, the President emphasized the importance of enhancing collaboration in the aviation industry to better serve the Pakistani diaspora in the UAE, including the introduction of commercial flights featuring Airbus A380s.
Furthermore, the President stressed the significance of encouraging Emirati businesses to invest in the Pakistan Stock Exchange, aiming to inject innovative ideas and additional capital into the Pakistani economy.
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Regarding Sindh, the President informed that Pakistan has initiated investments in mangrove forests and has been actively trading carbon credits in the international market.
Moreover, he proposed that both Pakistan and the UAE should explore mutual benefits from this opportunity.
