United Arab Emirates (UAE) Ambassador Hamad Obaid Ibrahim Salim Al-Zaabi met Pakistan’s Federal Minister for Finance & Revenue Ishaq Dar and discussed the deep-rooted brotherly ties between the brotherly countries.
They also discussed various areas of common interest for further strengthening trade and economic ties between the UAE and Pakistan.
Ishaq Dar acknowledged that UAE has been a great partner of Pakistan in various fields including energy, refinery, petroleum, and trade.
Ambassador Hamad Obaid Ibrahim Salim Al-Zaabi also reciprocated UAE’s interest in expanding investment in various sectors of Pakistan’s economy.
Ishaq Dar appreciated and welcomed the investment proposals of the UAE in Pakistan and assured complete support and cooperation by the government.
He also shared sentiments of gratitude and goodwill with the Ambassador.
The country’s State Minister for Finance, Aisha Ghaus Pasha, said the government was making sincere efforts to complete the IMF program, though it was cognizant of the overall economic situation and had prepared a contingency plan.
“H.E. Hamad Obaid Ibrahim Salim Al-Zaabi, Ambassador of the United Arab Emirates called on Finance Minister Senator Mohammad Ishaq Dar, and exchanged views on further promoting bilateral economic and financial relations between the two countries,” the finance ministry announced in a Twitter post.
The UAE is Pakistan’s third-largest trade partner after China and the United States and seen as an ideal export destination for Islamabad due to its geographic proximity which reduces transportation and freight costs and facilitates commercial exchanges.
The UAE has also assisted Pakistan financially in the past with deposits in the State Bank. Pakistan’s primary exports to the UAE include textile products and food items.