Pakistan Prime Minister hails UAE’s support across all fronts

Pakistan Prime Minister hails UAE’s support across all fronts

ABU DHABI - Prime Minister Muhammad Shehbaz Sharif has called on UAE businessmen to utilise the immense opportunities in Pakistan, which is a market of over 220 million people and offers its investors a strong and large consumer market.

“Energy, infrastructure, e-commerce, agro-based industry, and IT sectors are up for grabs,” he said in an interview to Khaleej Times.

Sharif, who was on his third tour to the UAE after assuming his office in April 2022, witnessed the signing of three memoranda of understanding in the fields of combating human trafficking, information exchange, and cooperation between the diplomatic academies of both countries.

When asked about the UAE and Pakistan trade relations, Sharif pointed to the official figures released by the government of Pakistan, which shows that its bilateral trade with the UAE has increased by 25.40% during 2021-22 as compared to the previous year, amounting to US$10.60 billion.

However, PM Sharif said, “the current level of bilateral trade is still not a true reflection.”

“We are looking to further strengthen our existing economic, trade and investment ties.”

“The average annual trade between the two countries stands at US$8 billion making the UAE the largest trading partner of Pakistan in the MENA region,” the paper added.

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