$8bn bilateral trade signifies close relationship between Pakistan, UAE


ISLAMABAD: Senate Deputy Chairman Saleem Mandviwalla has said that a high trade volume of $8 billion between Pakistan and UAE not only signifies the close relationship between the two countries but also calls for exploring this trade potential even more.

He said this in a meeting with the United Arab Emirates (UAE) Ambassador Hammad Obaid Ibrahim Al Zaabi, who called on the Senate deputy chairman here at his chamber in Parliament House Thursday.

Mandviwalla observed that at this juncture,”we are able to build on the historic relationship by encouraging investors on both sides to make use of the business and cooperation opportunities.”

The ambassador also proposed having a dialogue with the business community in both the countries and make room for having more agreements to launch new initiatives.

The ambassador assured Pakistan of his all-out support in the challenging times and termed stability of Pakistan a key factor for the stability of the region.

Saleem Mandviwalla also expressed hope that with democratic setup getting smoother and a successful transition for a third consecutive term, Pakistan is gradually moving towards a stable governance structure.

Both sides agreed on having bilateral parliamentary exchanges and visits to enhance the relationship.