UAE to facilitate Pakistani business community: Hamad Obaid Salem Al Zaabi

Islamabad: Ambassador of United Arab Emirate (UAE) to Pakistan Hamad Obaid Salem Al Zaabi discussed different prospects to find out ways and means for enhancing bilateral trade between UAE and Pakistan in a meeting with President Sialkot Chamber of Commerce and Industry(SCCI) Zahid Latif Malik on Tuesday.

Hamad Obaid Salem Al Zaabi the UAE ambassador was addressing an important meeting of exporters during his visit to Sialkot Chamber of Commerce and Industry (SSCI) here. The SCCI President presided over the meeting. With this visit, Hamad Obaid Ibrahim Salem Al Zaabi became the first-ever UAE Ambassador to have visited the SCCI.

The Ambassador pledged extending full cooperation for organising single country exhibitions between both countries. He also promised to facilitate the long-term business visas to business community of Pakistan. He appreciated the law and order situation in the country and  said that Pakistan was a safe country . The ambassador expressed his commitment for working with the Pakistani government and media to project the soft image of Pakistan around the globe.

Hamad Obaid Ibrahim Salem Al Zaabi assured that UAE would ensure easy access of Pakistani businessmen and exporters to the international trade markets of UAE. “Sialkot exporters have great potential to explore and capture the UAE markets as there exist lucrative new business vistas in UAE for Pakistani businessmen and investors,” he pointed out. The UAE envoy claimed that there are bright opportunities for setting up joint ventures in different trade fields by Pakistani and UAE investors and businessmen.

The UAE Ambassador termed Pakistan as an ideal country for foreign investment, saying that there is no security issue, pledging that the UAE investors will soon visit to Pakistan to explore investment opportunities in different trade fields. The UAE ambassador also pledged to make all-out sincere efforts to promote the “soft image” of Pakistan globally, saying that the Pakistani and international media should present positive and true picture of Pakistan. He said that both Pakistan and UAE will work together to tap existing potential for boosting mutual trade ties and develop strong business-to-business contacts between the businessmen of both Pakistan and UAE.

Mr Al Zaabi asked the Sialkot exporters to divert their business activities to UAE and ensure their maximum participation in Dubai Expo 2020 international trade exhibition, saying that 80 countries will participate in this international trade exhibition.

The meeting was told that the UAE has extended generous humanitarian assistance, support for better health and education to Pakistan whenever required. UAE which has become hub of investments, exports, technologies, tourism and renewable energies and large number of Pakistanis are contributing in the UAE’s economic phenomenon. In Pakistan, UAE surely has encouraged investment and helps in greater trade and commerce activities. UAE is one of largest investors in Pakistan and people-to-people contacts are constantly on increase. The volume of current bilateral trade although is satisfactory but strongly in favour of UAE. Dedicated efforts are needed from both sides to further improve two-way trade.

The meeting was briefed that total trade volume between the two countries is around $8.19 billion with balance of trade in favour of UAE at $7.3 billion. The present trade volume is not reflective of our friendly relations and potential available in the two countries. There were immense possibilities and huge potential of joint ventures and cooperation in various sectors, which might be exploited optimally to improve trade. There was also dire need to remove indirect sourcing which were hurting trade between the two countries.

Later, the UAE ambassador also visited several leading industrial units in Sialkot. He witnessed the manufacturing and production processes of the sports goods and surgical instruments. He said that the Sialkot exporters possess great potential to explore and capture international trade markets of UAE by exporting their diversified traditional and non-traditional world class export products.

While highlighting the  Expo 2020 in Dubai, a great opportunity for the Pakistani businessmen and especially for business community of Sialkot for establishing B2B contacts with the businessmen of 180 different countries urged the business community of Sialkot to attend the expo. The SCCI president apprise the ambassador of the potential of Sialkot exports.

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