ISLAMABAD – Pakistan and the United Arab Emirates (UAE) have entered a new phase of strong economic cooperation following the signing of more than thirty Memorandums of Understanding (MoUs) and agreements on identity governance and administration over the past three years.
In an interview with Khaleej Times, Pakistan’s Ambassador to the UAE, Faisal Niaz Tirmizi, said these agreements span critical sectors including port operations, food security, logistics, banking, and minerals. With bilateral trade now exceeding $10 billion and growing interest in ports and infrastructure, he described the partnership as the start of a “new era of robust economic cooperation.”
The envoy noted that Pakistan is actively pursuing the implementation of MoUs signed with Abu Dhabi Ports (AD Ports) under the Special Investment Facilitation Council (SIFC) framework. He also highlighted the agreement on mutual visa exemptions for official delegations, calling it a significant step that will ease movement and further strengthen bilateral ties.
Responding to questions about collaboration in renewable energy, infrastructure, hospitality, and tourism, Tirmizi said these are priority sectors where both nations are keen to expand their cooperation. He underscored that the UAE’s announcement of a $10 billion investment in Pakistan reflects deep confidence in the country’s economic future.
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On the prospects of a Free Trade Agreement (FTA) between Pakistan and Gulf states, the ambassador said discussions are progressing positively. He expressed optimism that a GCC-Pakistan FTA would unlock major opportunities for both Pakistan and the Gulf region, paving the way for a stronger and more diversified economic partnership.
Tirmizi also pointed to reforms and new initiatives launched at Pakistan’s Embassy and Consulate in the UAE to facilitate applicants and visitors, ensuring better services for the diaspora and official delegations.