Naveed Qamar for enhancement of Pak-UAE trade ties

Islamabad, The Gulf Observer: Syed Naveed Qamar Federal Minister for Commerce on Thursday urged for dire need to enhance bilateral trade valume between Pakistan and UAE.

The Minister highlighted that there was huge potential for cooperation between the two countries in the field of renewable energy, agricultural, textile meat of bovine animals, petroleum oils and hospitality sectors

The federal minister remarked this in a meeting held with UAE Ambassador to Pakistan H.E. Hamad Obaid Ibrahim Salem Al-Zaabi here in the minister office.

Naveed Qamar highlighted that there was huge potential for cooperation between the two countries in the field of renewable energy, agricultural, textile meat of bovine animals, petroleum oils and hospitality sectors.

UAE Ambassador agreed that two countries have religious, historical and cooperative relations which need to be resilient through enhancement of bilateral trade

He also perceived that volume of total trade between two countries stood at US$ 10033.05 million in FY-2022 in which export to UAE stood at US$ 1369.83 million and import at US$ 8663.22 million in FY 21-22, which did not match the actual potential of both countries and need to be increased.

UAE Ambassador agreed with the minister’s point of view and said Pakistan and UAE have religious, durable, historical and cooperative relations which need to be resilient through enhancement of bilateral trade.