Zardari for boost in Pak-UAE trade


RAHIM YAR KHAN  - President Asif Ali Zardari on Sunday urged for taking existing strong bilateral ties between Pakistan and the UAE to new heights with focus on trade and commercial relations.At a meeting with Sheikh Khalifa bin Zayed bin Sultan Al Nahyan, President of the United Arab Emirates (UAE), Zardari underscored close and fraternal relations between Pakistan and the UAE, saying that relationship between the two countries were rooted in cultural affinities, shared faith and traditions and interests.Matters pertaining to bilateral relations, ways and means to further enhance mutual cooperation in diverse fields and regional issues were discussed during the meeting.Spokesperson to the President Senator Farhatullah Babar said that President Zardari, while expressing delight at the upward trajectory in the Pak-UAE relations, said during the past five years the bilateral ties had grown from strength-to-strength in all spheres of cooperation. Pakistan was keen to further cement bilateral cooperation in all sectors, he added. He also invited the UAE investors to avail the business and investors-friendly liberal incentive packages the present government was offering to foreign and domestic entrepreneurs. He said investors could now invest without any fear as all the incentives and facilities being offered to them had now been protected by a law passed by the Parliament.The president said that the UAE was Pakistan's largest trading partner in the Middle East and hoped that the visit of the UAE President would further boost trade and investment cooperation to the mutual benefit of the two countries.  The president highlighted the great potential that existed between the two countries to further strengthen their relations, especially in the area of trade and commerce. Zardari appreciated the assistance extended by the UAE to the government and people of Pakistan during every hour of need including earthquake in 2005 and devastating floods in 2010.The president, while noting the presence of around 1.2 million Pakistani diaspora working in the UAE, expressed confidence that they were positively contributing towards its socio-economic development and had also served as a strong bond between the two countries.He thanked the people and the government of United Arab Emirates for welcoming Pakistanis to their country and expressed confidence that this human bridge between the two brotherly countries would continue to grow and strengthen with every passing day. The president said Pakistan greatly admired the wise and visionary leadership of Al-Nahyan as his leadership had taken the UAE to new heights of social and economic development.United Arab Emirates President Sultan Al Nahyan thanked the president and the government of Pakistan for the warm welcome and hospitality and said the United Arab Emirates would continue its cooperation and assistance to the government and the people of Pakistan in every hour of need.

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