UAE and Pakistan discuss boosting trade, investment cooperation

UAE and Pakistan discuss boosting trade, investment cooperation

UAE is Pakistan’s leading investment partner

Dr. Thani bin Ahmed Al Zeyoudi meets with Syed Naveed Qamar. - courtesy: twitter

By WAM Published: Wed 22 Mar 2023, 5:47 PM

Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, emphasised the strong and longstanding relationship between the UAE and Pakistan, which is experiencing continuous growth in the areas of trade and investment due to the leadership’s commitment to strengthen ties.

During a meeting with Syed Naveed Qamar, Federal Minister for Commerce of Pakistan, held at the Ministry of Economy’s headquarters in Dubai, they discussed ways to enhance trade and investment cooperation between the two countries in areas of mutual interest.

The meeting was attended by economic officials from both countries. Al Zeyoudi pointed out that the UAE is Pakistan’s leading investment partner in the region and fifth globally, based on figures released at the end of 2021. He also mentioned that total UAE investments in Pakistani markets have exceeded Dh9 billion ($ 2.5 billion), encompassing a wide range of economic and trade activities, including the energy, telecommunications, information technology, financial services, insurance, construction, oil, and natural gas sectors.

Dr. Al Zeyoudi said that the ministerial meeting with the Pakistani delegation presents a significant