Sunday, 23 June 2024, 04:02:26 am

Analysts say Prime Minister’s visit will further augment Pak, UAE economic relations
May 23, 2024

Dr. Noor Fatima (Economist):The bilateral relations between the United Arab Emirates and Pakistan are acquiring new dimensions at all political, economic and social levels emerging into trust-worthy strategic partnership. Pakistan is one of the most lucrative destinations for UAE investors. The bilateral trade between two nations has been steadily growing over the years and people-to-people contacts are constantly on the increase. The recent visit of the Prime Minister to UAE is important as the incumbent government is focusing on promoting information technology, and artificial intelligence in various sectors of Pakistan's economy, including agriculture, mines and minerals, and industry to enhance exports. Pakistan offers vast opportunities for foreign direct investments and joint ventures in infrastructure development; electricity generation, water desalination, agricultural based industries, insurance and real estate.

Jamil Ahmed Khan (Former Ambassador): In his tenure as the Chief Minister Punjab, Mian Shehbaz Sharif enjoyed strong cordial relations with the United Arab Emirates. With the collaboration of the UAE government, he managed to successfully complete a number of development projects in the province. The recent visit to UAE as the Prime Minister of Pakistan, Mian Shehbaz Sharif is giving prime importance to UAE investment in different fields of life including agriculture sector, information technology, power generations and others. Pakistan can export meat to UAE and for the purpose there is a dire need of quality standard slaughter houses in the country in order to provide quality Hilal meat to the gulf country. Moreover, over 1.6 million Pakistanis are working in the UAE and contributing to the economy of the country through remittances.