27.8 C
Dubai
Sunday, November 24, 2024
spot_img

Alvi hopes for early economic deal with UAE – newspaper

[ad_1]

ISLAMABAD: President Dr Arif Alvi has urged the early finalization of the Comprehensive Economic Partnership agreement with the UAE to enable Pakistan to increase exports.

He also stressed the need to explore new avenues for economic diplomacy and investment with the UAE.

He said trade between Pakistan and the UAE could be further increased from the current level of $10.6 billion to make it commensurate with our good relationship and close geographical location.

The president made the remarks on Monday while speaking with Faisal Niaz Tirmizi, Pakistan’s ambassador-in-waiting to the UAE.

“There is huge potential for cooperation between the two countries in areas such as renewable energy, commerce, industry, infrastructure development and hospitality,” he noted. He also spoke about the huge Pakistani workforce employed in the UAE.

“The 1.6 million Pakistani diaspora in the UAE is an asset that plays an important role in the progress and development of both countries. Pakistani diaspora remittances of $5.814 billion in 2021-22 have greatly helped Pakistan overcome foreign exchange needs ,” he added.

The President thanked the UAE government for providing assistance to flood victims in Pakistan, including 57 humanitarian aid flights and two ships carrying relief supplies. He also praised the UAE’s support for Pakistan at the FATF and IMF, as well as the UAE government’s $2 billion deposits to boost Pakistan’s liquidity and foreign exchange reserves.

He expressed satisfaction with the US$2.9 billion in foreign direct investment by the UAE in Pakistan and said there is a need to increase this investment in the future.

Mr Alvi asked the ambassador-designate to digitally connect the Pakistani diaspora with Pakistani online higher education institutions such as AIOU and Virtual University, help them improve their digital skills, and take high-value courses to enhance their competencies and skills, which will help to increase their income.

He highlighted the Prime Minister’s DigiSkills training programme, which can be rolled out among the diaspora to equip them with the requirements of a developed economy.

The President also advised the envoy to make UAE leaders aware of the growing number of Islamophobia cases in Indian society and their pursuit of Hinduism, which is endangering the lives of minorities, especially Muslims.

Posted in Dawn, October 18, 2022

[ad_2]

Source link

Related Articles

UAE Operation ‘Chivalrous Knight 3’: Over 121 Aid Shipments Delivered to Gaza Amid Humanitarian Efforts

UAE has reinforced its dedication to humanitarian relief through the ongoing effort known as Operation ‘Chivalrous Knight 3.’   This initiative has seen the UAE dispatch...

With an eye towards its IPO on Nasdaq and Euronext, AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets...

AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets (GEM) About AAD Invest Group – Nov 2024 Founded in January 2024...

UAE Strengthens Global Ties: President Welcomes Qatari Prime Minister, While Crown Prince Leads at G20 in Brazil

UAE is making significant strides in strengthening its international relations, with recent diplomatic activities highlighting the country's growing influence on the global stage. In a...

Abu Dhabi Crown Prince Leads Strategic Talks at G20: Strengthening UAE-Brazil Relations for a Prosperous Future

Abu Dhabi’s Crown Prince, H.H. Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, is currently in Brazil to participate in the G20 Summit, a...

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Latest Articles