LAHORE - UAE's newly appointed Ambassador to Pakistan, Hamad Obaid Ibrahim Salim Al-Zaabi visited Punjab Board of Investment & Trade on Thursday.

On the occasion, different matters of mutual interest including the promotion of bilateral economic ties between Pakistan and UAE and further expansion in mutual cooperation in different sectors were discussed.

PBIT CEO Jahanzeb Burana congratulated the ambassador over his posting in Pakistan. He said that bilateral relations exist between both brotherly countries but there is a need to further promote trade and economic relations between the two countries.

UAE has always extended full support to Pakistan and its cooperation in the development of the country is praiseworthy.

At the meeting, a short documentary was presented to the delegates highlighting the benefits and advantages of investing in Punjab.

Jahanzeb Burana briefed the ambassador about huge potential of Punjab and the investment opportunities available in various sectors such as textiles, real estate, dairy farming, education and others.

He further added that Punjab is functioning as a gateway for international connectivity, in context to CPEC.

He told the Ambassador that massive investments are coming from all around the globe due to Punjab's business friendly environment.

Meanwhile, the ambassador of UAE, during his visit to the LCCI, said that Pakistan and UAE have historic friendly relations and close bond of common faith. Both countries should draw a roadmap to cement mutual trade and economic ties .

The ambassador said that exchange of trade delegations, participation in each other's fairs and exhibitions, protection to foreign investments and timely dissemination of trade related informed would now be pursued with a new strategy.

He said that such visits will help strengthen greater cooperation between the two sides. He said that UAE greatly values its deep-rooted relations with Pakistan and committed to further consolidate the existing economic ties .

LCCI President Malik Tahir Javaid said that Pakistan really eager to make best use of each other's strength and UAE Embassy in Pakistan can play vital role in this connection.

He said that Pakistan and UAE are members of Parliamentary Union of OIC Member States and both countries have close, friendly, and cooperative relations.