Pakistan, UAE commit to boosting bilateral trade and investment

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UAE

ISLAMABAD, NOV 8 /DNA/ – A high-level delegation of UAE investors led by H.H. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade called on the Prime Minister Muhammad Shehbaz Sharif today.

Welcoming the delegation, the Prime Minister expressed gratitude and thanks to His Highness Sheikh Mohamed bin Zayed, President of the UAE, as well as Mohammed bin Rashid Al Maktoum, Prime Minister of the UAE for their steadfast support to Pakistan. He underlined that the fraternal Pakistan and UAE ties are rooted in shared history and culture. The Prime Minister highlighted the comprehensive economic partnership between the two nations across sectors such as trade, energy, and investment, which has contributed to growth and prosperity in both countries.

The Prime Minister highlighted that the visit demonstrates the commitment of the Government of UAE to further enhance its investment footprint in Pakistan. He underscored investments by the brotherly country UAE would play a crucial role in boosting Pakistan’s economy.

H.H. Dr. Thani bin Ahmed Al Zeyoudi thanked the Prime Minister for the warm welcome and hospitality. Showing his satisfaction at the existing investments of AD Ports in Pakistan, the UAE dignitary showed keen desire to further expand investment in Pakistan in shipping, ports efficiency enhancement, logistics and digitization of customs.

The Prime Minister witnessed the exchange of four MoUs relating to Ministries of Maritime Affairs, Aviation, Railways and Federal Board of Revenue with Abu Dhabi (AD) Ports Group. As per these MoUs, Pakistan and AD Ports Group would explore potential collaboration in customs, rail, airport infrastructure and maritime shipping and logistics sectors. These MoUs are aimed at improving digital customs controls, developing dedicated freight rail corridors, upgrading Pakistan’s maritime fleet and marine services, as well as Pakistan’s international airports.

The UAE delegation also included. H.H. Sheikh Ahmed Dalmook Al Maktoum, Chairman of Kaheel Group, Capt. Mohamed Al Shamisi, Managing Director & Group Chief Executive Officer, Abu Dhabi Ports Group, UAE Ambassador to Pakistan Hamad H.E. Obaid Ibrahim Salem Al-Zaabi and senior officials of the AD Ports.

The Pakistan delegation included Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar, Defence Minister Khawaja Muhammad Asif, Commerce Minister Jam Kamal Khan, Finance Minister Muhammad Aurangzeb, Minister for Maritime Affairs Qaiser Ahmed Sheikh, SAPM Tariq Fatemi and senior government officials.