The United Arab Emirates is one of the largest countries in terms of investment in Pakistan and in terms of trade in the Middle East and Africa.
The UAE Foreign Trade Report showed that the public and private sectors invested more than $10 billion in Pakistan during the past two decades.
The United Arab Emirates has invested in the sectors of communications, services, tourism, information technology, oil and gas, housing, banking and real estate in Pakistan and has branches of its giant companies such as Etihad Airways, Emirates, Emaar, Dubai Islamic Bank and others, and this has had a positive impact in the eyes of the Pakistani people.
In addition, Pakistan imports crude oil, gold, and machinery from the country and others, while the UAE imports petroleum products, textiles, rice, leather, fruits, vegetables, sports equipment, construction...etc.
As further evidence of the strength of relations between the two countries, there are currently more than 1.8 million Pakistanis in the country, while investment groups in both countries are working to register their groups on the stock exchanges of the two countries.
The United Arab Emirates has invested in the telecommunications, banking, real estate and oil sectors, while state companies are trying to play a constructive and effective role in purchasing shares of Pakistani companies that are being offered for privatization. For example, the Abu Dhabi Group purchased Al Falah Bank and UBL Bank, and Dubai Islamic Bank opened a branch in Pakistan alongside Emirates International Bank. Emirati Telecommunications also purchased some shares of the Pakistan Telecommunications Company for an amount exceeding $2 billion, while the Abu Dhabi Ports Company signed in February. Last is a framework agreement for the operation and development of Karachi Port Trust KPT.
As for the rest of the state-affiliated companies, they also have an effective role, such as Parco’s investments. It should be noted that 19 Emirati companies are currently operating in Pakistan.
This link will direct you to an external website that may have different content and privacy policies from mofa.gov.ae