Friday 09 December 2022 - 12:15:47 am

UAE, Pakistan explore developing trade and investment ties

DUBAI, 6th May, 2021 (WAM) -- Pakistan Business Council in Dubai, a business policy advocacy platform with 600 business members, has thanked the UAE for its support to the Pakistani business community and vowed to bolster trade between the two countries.

This came in a meeting between the Board of Directors of Pakistan Business Council in Dubai with Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, at the Ministry’s office in Dubai. The parties discussed various business opportunities and ways to strengthen trade between the UAE and Pakistan.

The UAE is Pakistan's largest trading partner in the Middle East and a major source of investments and remittances. The trade volume between the two countries amounted to around US$8.19 billion in the year 2019.

Speaking at the meeting, Dr. Al Zeyoudi said, "We remain prepared to provide full assistance to the Pakistan Business Council members in enabling more Pakistani entrepreneurs and businessmen to explore the opportunities available in the UAE market."

Since its establishment in 2004, the Pakistan Business Council in Dubai has been playing a pivotal role in bringing the business communities in Pakistan and UAE closer. The Council was set up and mandated under the auspices of the Dubai Chamber with the objectives of trade promotion, commerce and mutual investments between Pakistan and the UAE.

According to a joint press release, the Council is set to organise a major UAE-Pakistan Business and Investment Seminar in near future, in collaboration with the UAE Ministry of State for Foreign Trade.

Ahmed Sheikhani, President of Pakistan Business Council, said, "I, on behalf of directors and around 600 business members, thank Dr. Thani Al Zeyoudi for his support to the Pakistani business community. This meeting is a new milestone in UAE-Pakistan trade relations. We will work together with Minister of State for Foreign Trade in bolstering the trade and mutual investments between the two countries."

The Pakistan Business Council consists of a large group of Pakistani businessmen, businesswomen, investors and professionals based in the UAE. The council members represent companies from various and diverse sectors like real estate, insurance and finance, industrial machinery, automobiles, business machines, education, print & electronic media, digital advertising and various Pakistani technology start ups.