Bilateral trade between the UAE and Pakistan has reached $8.3 billion, recording a significant 9.4 per cent increase during the last fiscal year 2016-17, said a senior Pakistani diplomat in Dubai.
“Trade between the two countries stood at US$7.7 billion in 2015-16 but we have witnessed a positive development during the last year,” said Dr Nasir Khan, Commercial Counsellor at the Pakistan Consulate General in Dubai.
He was speaking at a press conference in Dubai on Wednesday to announce details about Expo Pakistan — the largest trade fair in Pakistan, scheduled to be held from November 9 to 12 at Expo Centre Karachi.
He said the success of the last edition of the expo in 2015 was manifested by the participation of a large number of local and foreign buyers who transacted business deal worth $1.2 billion. “The expo provides a great opportunity to international buyers and visitors with a comprehensive overview of the entire Pakistani market and industry.”
Khan said that they were working with the UAE authorities to increase exports of fresh fruit and vegetable from Pakistan. “We are finalising plans to operate a speedy vessel from Karachi to Dubai to bring perishable items within 48 hours, reducing the current sailing time of up to eight days.
Source: gulfnews.com
