Pakistan Ambassador: $ 10.9 billion trade volume with the UAE in 2023-2024
Abu Dhabi, April 11 / WAM / His Excellency Faisal Nias Tirmidhi, Ambassador of the Islamic Republic of Pakistan to the country, stated that the volume of trade exchange between Pakistan and the UAE exceeded 10.9 billion US dollars during the fiscal year 2023-2024, including the trade of goods and services.
His Excellency said in statements to the Emirates News Agency “WAM”, that the remittances of the Pakistani community in the UAE amounted to 6.7 billion dollars during the year 2024 and expected to exceed 7 billion dollars in 2025.
He added that these figures reflect the strength of the economic partnership between the two countries and the vital role that the Pakistani community plays in supporting the national economy.
His Excellency pointed out that the commodity trade during the year 2023-2024 recorded 8.41 billion dollars after Pakistan’s exports increased by 41.06% to reach 2.08 billion dollars, while its imports from the UAE decreased by 14.45% to record 6.33 billion dollars, which contributed to reducing the trade deficit by 28.28%, while in the services sector, the total exchange reached 2.56 billion dollars, with an annual increase Its 20.54%.
He explained that the period from July 2024 to January 2025 witnessed a growth in the commodity trade by 21.63%, while Pakistan’s exports increased by 7.53%, which reflects the continued momentum in economic relations.
He stressed that about 19 Emirati companies are currently working in Pakistan, noting that the UAE has invested greatly in vital sectors that include communications, services, tourism, information technology, oil and gas, housing, banks and real estate in Pakistan.
He noted the presence of a number of prominent Emirati companies in Pakistan, including Etihad Airways, Emirates Airlines, Emaar and Dubai Islamic Bank, which established operations or branches inside the country.
The Pakistani ambassador revealed that the Emirati telecom sector has investigated a prominent strategic investment by acquiring a large share in the Pakistani Telecom Company Limited at a value of more than two billion dollars.
Regarding the developments of the cooperation, he pointed to the signing of the Abu Dhabi Ports Company and the Dubai Ports Group for Ports Management and Operation, including the development of the Karachi port and its associated railway infrastructure.
He said, “These investments confirm the deep and long -term commitment of the UAE to support the growth of Pakistan and enhance its logistical interconnection.”
The Ambassador praised the role of the “Private Investment Facilitation Council” in improving the investment environment in Pakistan through a unified window that enhances transparency and limits bureaucratic measures, stressing that the Council has become an effective tool to make Pakistan more attractive and easier for foreign investors, including investors of the UAE.
Speaking about the Pakistani community in the state, which number more than 1.5 million people, the ambassador expressed his appreciation for its active role, calling for the full commitment to local laws, societal customs and digital systems.
He stressed the importance of using official transfer channels, announcing the launch of a 14 -minute visual guide aimed at educating expatriates about their rights and duties.
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