LAHORE - The business community expressing hope that Prime Minister Imran Khan’s tour to United Arab Emirates (UAE) will help Pakistan not only boost its export but also explore new trade potential.
SAARC Chamber Senior Vice President Iftikhar Ali Malik also hoped that it will mutually be beneficial for both the countries and if steps are taken timely in right direction the current trade volume of $8 billion between Pakistan and UAE will surpass in coming years.
He said, “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.” He also proposed having a dialogue with the business community in both the countries and make room for having more agreements to launch new initiatives.
He said Pakistan should take steps in direction of minimizing trade deficit between both the countries and focus on those items which would be exported to this brotherly Islamic country. He said that imports from UAE to Pakistan increased last year from $6.62 billion to $7.23 billion whereas exports from Pakistan to UAE has decreased about 1.83 per cent from $1.08 billion to $1.06 billion.