The United Arab Emirates (UAE) consulate will start operations in Lahore very soon. This was revealed by the UAE Ambassador Hammad Obaid Ibrahim Salem Al-Zaabi. The aim of the consulate will be to help & facilitate the business community.
The envoy spoke at the Lahore Chamber of Commerce and Industry (LCCI) and disclosed that no-objection certificate is given by Pakistan’s Ministry of Foreign Affairs for opening UAE consulate in Lahore. He said that this will, in turn, boost trade and economic ties between the two countries.
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Adding, “The UAE and Pakistan have agreed to sign a new agreement to further deepen bilateral relations. Two recent visits of Prime Minister Imran Khan to the UAE have unlocked new avenues of cooperation.”
He further disclosed that 15 leading UAE companies had visited Pakistan. They also had meetings with their Pakistani counterparts. After 2012, the Pakistan-UAE join committee is also expected to meet in February 2019, according to the ambassador.
LCCI President Almas Hyder also spoke on the occasion and said that already Pakistan and UAE trade volume and cooperation is stable in different sectors like defence.
He said, “We hope that the recent visit of our prime minister to the UAE will contribute to bolstering ties between the two countries.”
UAE is second amongst the top importing countries for Pakistan and 7th amongst the top exporting countries for Pakistan. But in the past three years Pakistan exports to the UAE have been less than $1 billion despite touching the high of $2.87 billion back in 2012.
Hyder said, “It is a matter of concern and Pakistan is keen to boost exports.”
LCCI President said, “At present, our country is in dire need of additional remittances; the UAE ranks second after Saudi Arabia in terms of remittances sent home by expatriate Pakistanis.”