Search
Business

Multiple MOUs signed between Pakistan, UAE

Ibraheem Sohail

Apr 21

United Arab Emirates’ Deputy Prime Minister Sheikh Abdullah bin Zayed Al Nahyan has expressed satisfaction over the upward trajectory of Pakistan-UAE relations during his visit to Islamabad, where he reportedly met with Deputy Prime Minister Ishaq Dar.

 

The UAE and Pakistan share a long-standing relationship rooted in strong diplomatic, cultural, and economic ties. The Gulf state hosts a large Pakistani expatriate community and is among Pakistan’s top trading partners and sources of remittances in the Middle East. With cooperation spanning various sectors, the visit marked another step in the ongoing efforts to deepen bilateral engagement.

 

At a joint press conference, Sheikh Abdullah noted the positive direction in which the relationship was heading, stating that both countries were eager to take their cooperation to new heights. He remarked that recent developments had accelerated faster than in previous years, and expressed hope that this renewed momentum would lead to greater collaboration in areas such as aviation, trade, and investment.

 

Dar welcomed his counterpart warmly, describing the bond between Pakistan and the UAE as built on shared history, mutual affection, and a spirit of fraternity. While expressing regret that the visit was brief, he acknowledged Sheikh Abdullah’s global commitments and emphasised the significance of the visit for strengthening bilateral ties.

 

As part of the visit, the two countries signed three memorandums of understanding (MoUs). As per reports, two of the agreements cover cooperation in cultural fields and the formation of a joint committee to address consular matters. The third MoU, signed between the Federation of UAE Chambers of Commerce and Industry and the Federation of Pakistan Chambers of Commerce and Industry, establishes the UAE-Pakistan Joint Business Council.

 

The formation of this council could lead to more structured and consistent engagement between the private sectors of both countries. It opens doors for joint ventures, knowledge exchange, and easier navigation of regulatory frameworks. For Pakistan, increased Emirati investment and trade collaboration could support economic recovery, boost exports, and create employment opportunities. In turn, the UAE could benefit from access to a large market and a skilled workforce.

 

Sheikh Abdullah’s two-day official visit, which began Sunday, was described by Pakistan’s Foreign Office as a move that would help cement the already close relationship between the two nations and foster greater cooperation across diverse sectors for the benefit of their peoples.

Related

Comments

0

Read more