UAE on track to strengthen trade ties with Islamabad, envoy says

UAE ambassador to Pakistan, Hamad Obaid Alzaabi (center) is seen here interacting with businessmen at the Faisalabad Chamber of Commerce and Industry in Punjab, Pakistan on Tuesday. – (Photo Courtesy UAE Embassy)
  • Discusses measures during key meeting with businessmen in Faisalabad
  • Plans in place to open visa centers across the emirates to facilitate businessmen from Pakistan

ISLAMABAD: The legal framework required to strengthen bilateral and economic ties between Abu Dhabi and Islamabad will be finalized during the next Joint Ministerial Commission meeting between the two countries, media reports said on Wednesday quoting UAE ambassador to Pakistan, Hamad Obaid Al-Zaabi.
Alzaabi’s comments were part of an address to the Faisalabad Chamber of Commerce and Industry on Tuesday.
“… the UAE Ambassador to the Islamic Republic of Pakistan, meets Chairman and members of the Board of Directors of Textile Manufacturers Association in Faisalabad Punjab and discusses bilateral cooperation, joint work and enhancement of trade partnership,” the UAE Embassy tweeted on Tuesday.
“The United Arab Emirates is a pivotal economic partner of the #Faisalabad city in #Punjab province, which is considered an important industrial center and third largest city of #Pakistan and witnessing great economic, commercial and industrial activity,” excerpts from the tweet said.
Faisalabad is Pakistan’s third-largest metropolis, earning itself the moniker of being the country’s Manchester, for hosting the largest textile industries.
During his visit to Faisalabad, Alzaabi said that plans were in place to open UAE visa centers in Islamabad, Lahore and Karachi to facilitate Pakistani businessmen.
Pakistan and UAE enjoy close bilateral ties. Earlier this month, both countries agreed to set up a joint platform to expedite the resolution of grievances and legal disputes of overseas workers in the emirates.
According to statistics, more than 1.6 million Pakistani expatriates live in the UAE and work in different public and private departments. Additionally, more than $4 billion is remitted annually to Pakistan.