Pakistan, UAE reaffirm resolve to deepen strategic economic partnership

ISLAMABAD, Nov 27 (APP): Pakistan and the United Arab Emirates (UAE) on Wednesday reaffirmed their commitment to further strengthening the strategic economic partnership between the two countries across multiple sectors.
The commitment was made during the call on meeting of the new Ambassador of the United Arab Emirates (UAE) to Pakistan, Salem M. Salem AlBawab Al Zaabi with Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb .
On the occasion, minister Aurangzeb reaffirmed Pakistan’s commitment to further deepening its fraternal partnership with the UAE and acknowledged the UAE’s consistent support to Pakistan across multiple fronts, including trade, investment, remittances, government-to-government financing, and the UAE’s crucial backing in Pakistan’s engagements with international financial institutions.
He noted the frequent high-level interactions between the leadership of both countries as a testament to their close and enduring ties.
He emphasized that Pakistan’s economic policy direction was firmly oriented toward expanding trade and attracting long-term investment, moving beyond traditional support mechanisms.
He appreciated ongoing UAE investments in key sectors such as ports, digital banking, logistics, and infrastructure and encouraged further participation from UAE sovereign funds, private sector entities, and multinational corporations. He highlighted Pakistan’s significant potential in IT, AI, fintech, agriculture, minerals, logistics, and higher education collaboration.
Aurangzeb briefed the Ambassador on Pakistan’s improving macroeconomic indicators, including stable foreign exchange reserves, declining inflation, a stronger currency outlook, and increased remittances, particularly from the UAE. He highlighted that Pakistan is now moving toward a growth-focused agenda centred on private-sector-led and investment-driven expansion.
On the occasion, Ambassador Al Zaabi noted the deep historical linkages between the peoples of Pakistan and the UAE, highlighting the longstanding contributions of Pakistani professionals across sectors in the UAE, including banking, finance, defence, and public administration.
He underscored that strengthening bilateral ties, particularly in strategic, economic, and cultural dimensions, would be a key priority of his tenure.
Ambassador Al Zaabi informed the Minister that expanding economic cooperation remained one of his foremost objectives. He expressed the UAE’s strong interest in enhancing bilateral trade volumes, attracting Pakistani businesses and technology firms to the UAE, and bringing more UAE investors to Pakistan. He referenced ongoing engagement with companies in sectors including agriculture, infrastructure, mining, ports, financial services, and virtual assets.
The Ambassador also briefed the Minister on the UAE government’s major reforms in visa facilitation for Pakistani nationals, stating that nearly 500 visas are being processed daily and explained that new measures, including online visa processing, e-visas without passport stamping, and enhanced system-to-system linkages with relevant Pakistani authorities, are being implemented to further streamline travel for businesspersons and visitors. A dedicated UAE visa centre, newly opened in Pakistan, will also help expedite processing.
Senator Aurangzeb welcomed these developments, noting that smoother mobility is crucial for strengthening business-to-business exchanges, especially given the UAE’s position as a global hub for investment, trade shows, and technology exhibitions.
The meeting also touched upon ongoing defence cooperation, training exchanges, and historical military collaboration between the two countries with Ambassador Al Zaabi expressing strong commitment to further enhancing during his tenure.
Both sides reaffirmed their resolve to deepen cooperation across all areas of mutual interest, particularly trade, investment, finance, technology, defence, and people-to-people exchanges. They agreed to continue working closely to leverage the immense potential that exists between the two brotherly nations.