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Home Business

UAE emerging as a hub of trade and investment activities, striving to attracts USD 150bln of inward investment by 2030

Daily Dateline Islamabad by Daily Dateline Islamabad
September 26, 2022
in Business
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UAE emerging as a hub of trade and investment activities, striving to attracts USD 150bln of inward investment by 2030
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Business Reporter

Speaking at the occasion, Shakeel Munir, President, Islamabad Chamber of Commerce and Industry said that UAE has emerged as one of the major trading partners of Pakistan and we would like to further strengthen trade ties with it.
He said that the bilateral trade between Pakistan and UAE in 2021-22 had crossed the USD 10 billion mark, which could be further enhanced with strong efforts from both sides.
He said that Pakistani exports to UAE included garments, food items, meat, cereals, agricultural products, fruits & vegetables and there was great potential for exports of many other Pakistani products to UAE including financial and software-related products, mangoes, oranges, kinos & rice etc.
He stressed that the UAE should take advantage of these products by importing them from Pakistan.
He said that many UAE companies were already doing successful business in Pakistan and more should come to capitalize on the investment opportunities available in various sectors of Pakistan’s economy. He also thanked the UAE government for providing generous support to Pakistan for the flood affectees.
Jamshaid Akhtar Sheikh, Senior Vice President and Muhammad Faheem Khan Vice President ICCI thanked the visiting guests of UAE for highlighting investment potential in UAE and hoped that ICCI members would try to take benefit of these opportunities. Mian Akram Farid, Zubair Ahmed Malik, Mian Shaukat Masud, Mohsin Khalid, some women entrepreneurs and others asked many questions about investment in UAE and got detailed answers from the visiting guests.

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