Pakistan, UAE Agree to Expand Economic Ties in Key Areas

Pakistan and United Arab Emirates (UAE) have agreed to expand economic ties in key areas. The development came during a meeting between Federal Minister for Planning Development & Special Initiatives Ahsan Iqbal and UAE Minister of Economy Abdulla bin Touq Al Marri on Wednesday on the sidelines of the World Government Summit in Dubai. The planning minister was also accompanied by the Minister of State for Petroleum Musadik Malik. The minister noted the historic brotherly ties between Pakistan and UAE and thanked the Government of UAE for standing by the people of Pakistan in every hour of need ranging from natural disasters to economic crises. He emphasized the need for expanding the trade relations between both countries and identified key areas such as tech, energy, and agriculture where vast potential for mutual collaboration exists. The Emirati minister welcomed the suggestions and showed keen interest in the areas identified. He invited Pakistan to sign a ‘Comprehensive Economic Partnership Agreement’ with the UAE to help enhance the trade relations between both countries.