The trade partnership between Pakistan and the United Arab Emirates has evolved beyond mere economic cooperation into a robust economic relationship, reflecting renewed mutual trust and collaboration between the two nations.
According to data from the State Bank of Pakistan, bilateral trade between Pakistan and the UAE has witnessed a notable increase of 20.24%, pushing the trade volume to $10.1 billion. This progress is attributed to the policies and initiatives of the Special Investment Facilitation Council (SIFC), which have accelerated the transformation of investment opportunities into practical cooperation.
Recently, the 12th session of the Pakistan-UAE Joint Ministerial Commission was held, where both sides discussed opportunities for enhanced cooperation in key sectors such as trade, investment, food security, aviation, information technology, and energy. It was agreed during the meeting that the existing partnership would be further expanded to ensure mutual benefits.
Economic analysts believe that such industrial collaboration could help reduce Pakistan’s import costs and generate new employment opportunities at the domestic level. Experts also highlighted that eliminating non-tariff barriers and streamlining customs procedures could potentially double bilateral trade within the next five years.
Pakistan’s IT and fintech sectors are seen as particularly attractive to Gulf investors who are keen on advancing in the technology and service industries. Business consultant Faizan Majeed stated that Pakistan could significantly boost exports by effectively utilizing Dubai Free Zones and establishing dedicated trade facilitation centers.
Experts assert that strong trade and economic cooperation between Pakistan and the UAE not only ensures mutual development but also contributes to regional stability, paving the way for new economic opportunities in the future.
