Pakistan’s UAE envoy calls for collaboration between commerce chambers, B2B joint ventures

ISLAMABAD: Pakistan’s ambassador to the UAE, Faisal Niaz Tirmizi, has called for UAE chambers of commerce to increase collaboration with Pakistani counterparts and set up business-to-business joint ventures for the enhancement of trade and investment between the two countries, Islamabad’s embassy in Abu Dhabi said on Wednesday.
The issues were discussed during a meeting between Tirmizi and Ahmed Jasim Al Zaabi, the chairman of the Federation of UAE Chambers of Commerce and Industry (UAE Chambers) and the Abu Dhabi Chamber of Commerce & Industry (ADCCI). Zaabi is also the chairman of the Abu Dhabi Department of Economic Development (ADDED) and the Abu Dhabi Global Market (ADGM).
“Enhancement of collaboration between UAE Chambers with Pakistani Chambers of Commerce and Industries and establishment of B2B joint ventures for enhancement of trade between the two brotherly countries were also discussed during the meeting,” the Pakistani embassy said after the meeting between the two officials. 
“Tirmizi briefed Zaabi regarding Pakistan’s investment regime and initiatives of the government for facilitation of foreign investors.”
The envy also briefed the UAE official about potential investment sectors in Pakistan including IT, food and agriculture, textile, leather, tourism, and infrastructure. He also reiterated the invitation to a business delegation from the UAE Chambers to visit Pakistan.
“Both the sides agreed on the enhancement of economic and commercial cooperation between the two brotherly countries through trade facilitation, B2B engagements and mutual exchange of delegations and participation in trade fairs and exhibitions including GITEX and TEXPO,” the Pakistan embassy said. 
Last year, Pakistan set up the Special Investment Facilitation Council, a body comprising Pakistani civilian and military leaders and specially tasked to promote investment in Pakistan. The council is so far focusing on investments in the energy, agriculture, mining, information technology and aviation sectors and specifically targeting Gulf nations.