Trade cooperation between Pakistan and UAE has become a symbol of restoration of economic relations between the two countries.
Thanks to the effective policies of SIFC, there has been significant progress in promoting pak -e -Joint cooperation. According to State Bank of Pakistan, bilateral trade between Pakistan and UAE has increased by 20.24 percent to $ 10.1 billion.
Recently, the 12th meeting of the Pak-Yai Joint Minister Commission was held. Bilateral trade, investment, food security, aviation, IT and energy were discussed on the occasion.
Analysts say bilateral trade and industrial partnership may reduce Pakistan’s import bill and increase employment. According to economists, bilateral trade can be doubled in 5 years by eliminating the obstacles of non -guardians and eliminating the harmony of customs. Pakistan’s IT and Fan -Tech sector are particularly attractive for investors.
Trade advisor Faizan Majed said that the use of “Dubai Free Zone” and trade facility centers is required to increase exports. Bilateral cooperation between Pakistan and UAE will help pave the way for regional stability and economic development.
