Pakistan’s Ambassador in the UAE Faisal Niaz Tirmizi has said that the UAE remains Pakistan’s largest trading partner in the Middle East & North Africa (MENA) region with an average annual trade of US$ 8 billion.
“In first quarter of current financial year, we have seen an upward trend in export volume from Pakistan to UAE. The data is very encouraging,” Tirmizi said in a meeting with business delegation.
Trade is key to economic development: Faisal Niaz Tirmizi
“I firmly believe that trade is the key and plays a central role in economic development of a country. My aim is to further enhance trade volume between Pakistan and UAE to tap its full potential. We have had very successful participation in multiple trade shows in UAE this year. We recently concluded a very successful Pakistan investment roadshow in Dubai where a large number of foreign investors participated with interest to invest in Pakistan,” Ambassador Tirmizi added.
Ambassador Tirmizi was presented an appreciation shield by Mr. Ali Ahmed Khan, President Middle East, Pakistan and Africa (MEPA), Friesland Campina, in recognition of his efforts towards facilitating businesses in developing linkages, especially in dairy Industry.
Mr. Ali thanked the Ambassador Tirmizi and his team for encouraging and supporting Pakistani businesses and exporters in UAE.
Pakistan Investment Roadshow in Dubai
Earlier, Special Investment Facilitation Council (SIFC) hosted the final day of Pakistan Investment Roadshow in Dubai with prime focus on attracting foreign investments under G2G and G2B frameworks. The event brought together large number of global businessmen and investors representing diverse sectors.
The senior leadership of SIFC gave comprehensive brief on SIFC initiative, highlighting huge untapped potential and investment opportunities in key sectors of Agriculture/ Livestock, IT & Telecom, Mines & Minerals and Energy (Power, Oil & Gas).
Major policy level interventions, undertaken through SIFC platform to improve the investment ecosystem in the country, were also highlighted.
Special Investment Facilitation Council projects in Pakistan
The leadership of SIFC proactively engaged the investors and pitched SIFC’s projects in the key sectors; SIFC welcomed the investments from public and private sectors and assured an all-out support to realise such ventures through a collaborative ‘Whole of the Government Approach’.
The investors’ community lauded the event as an important initiative which afforded opportunities to engage investors across the world. The investors exuded great confidence on SIFC initiative, being a novel approach towards regaining investors’ trust, and exhibited keen interest in the investment opportunities broached by the SIFC.
The successful conduct of Pakistan Investment Roadshow helped projecting SIFC initiatives in a great way at global pedestal. The mega event provided great opportunities to the global investors for networking with Pakistani public and private sector, and it is expected to open new vistas of investment collaboration.
SIFC presents its compliments to Pakistan’s Embassy in UAE and other partners in organising such a wonderful event with wholehearted efforts and vigour.
tanvir@dubainewsweek.com
