Karachi: Pakistan and the United Arab Emirates have embarked on a new phase of economic collaboration, marked by the signing of over thirty Memoranda of Understanding and Identity Governance and Administration agreements in the past three years, according to Pakistan’s Ambassador to the UAE, Faisal Niaz Tirmizi. These agreements encompass critical sectors such as port operations, food security, logistics, banking, and minerals.

Ambassador Tirmizi, in an interview with Khaleej Times, highlighted the burgeoning trade relationship between the two nations, with trade volume exceeding 10 billion dollars. He emphasized the growing mutual interest in the ports and infrastructure sectors, signifying a new era of economic cooperation.

The ambassador also noted ongoing discussions with Abu Dhabi Ports regarding the implementation of the agreements signed under the Special Investment Facilitation Council platform, aiming to enhance bilateral trade and investments.

One of the notable agreements includes the mutual exemption of entry visa requirements, which Tirmizi described as a significant step towards facilitating official delegations and strengthening bilateral ties.

The ambassador underscored the importance of initiatives in renewable energy, infrastructure development, hospitality, and tourism, indicating both nations’ eagerness to bolster relationships in these priority sectors.

He also mentioned the UAE’s announcement of a 10 billion dollar investment in Pakistan, reflecting confidence in the country’s economic prospects.

Discussing the Free Trade Agreement with the Gulf nations, Tirmizi expressed optimism about the progress of the GCC-Pakistan FTA, which promises substantial opportunities for both Pakistan and the GCC.

New initiatives and reforms have also been introduced to better accommodate visitors and applicants at Pakistan’s Embassy and Consulate, aiming to enhance the experience for those engaging with these institutions.