Pakistan, UAE to further strengthen economic ties

December 1, 2022 (MLN): Pakistan and the United Arab Emirates (UAE) will further boost and strengthen their economic ties, and will explore new trading and investment opportunities, a press release issued by Finance Division on Thursday showed.

A meeting was held between H.E. Mr. Hamad Obaid Ibrahim Salim Al-Zaabi, Ambassador of the United Arab Emirates, and Finance Minister Ishaq Dar at the Finance Division.

Both parties discussed the historical and long-standing ties between both countries and exchanged views on further boosting and strengthening these economic ties.

“Pakistan and UAE are engaged in various areas including energy, refinery, petroleum, and trade, however, still, a lot of potential is unexplored”, Dar said.

The FM recalled his recent visit to the UAE and discussed the fruitful meetings held in UAE with the management of Abu Dhabi Holding Company (ADQ) and International Holding Company (IHC).

He said that the ADQ and IHC showed their confidence in the ongoing economic policies of the present government and shared their interest in investing in energy, agriculture, healthcare, and other sectors.

During the meeting, the Ambassador of the UAE said, UAE is fully cognizant of the development-oriented economic policies of the country being undertaken by the present government and shared that UAE is interested to augment its investment in Pakistan in new sectors of the economy.

The FM welcomed the proposal for new investment in Pakistan of UAE and assured the UAE’s Ambassador of the full support and cooperation of the present government.

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