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Pakistan Celebrates National Day in UAE with Diplomatic Reception

  The Embassy of Pakistan in the United Arab Emirates (UAE) hosted a grand reception today to commemorate Pakistan's National Day, attended by members of the diplomatic corps, senior UAE government officials, Emirati nationals, and the Pakistani community. His Excellency Sheikh Nahayan bin Mubarak Al Nahyan, Minister of Tolerance and Coexistence, graced the occasion as the Chief Guest, alongside Minister of State for Foreign Affairs, His Excellency Ahmed bin Ali Al Sayegh. The event featured traditional performances, including the national anthems of Pakistan and the UAE played on traditional instruments. The Pakistani flag was prominently displayed on the hotel building, visible across Abu Dhabi, symbolizing the strong ties between the two nations . In his address, Ambassador Faisal Niaz Tirmizi reflected on the significance of the Pakistan Resolution and the challenges faced by the nascent state in its journey toward socio-economic development. He highlighted various opportuni...
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How UAE’s Economic Stability as the World’s 2nd Strongest Economy Supports Pakistan’s Growth

 



The UAE’s recent ranking as the second most economically stable country globally, with a GDP growth rate of around 3.9% in 2023, holds promising benefits for Pakistan. With robust sectors in finance, tourism, and real estate, the UAE’s stability continues to draw global investors, indirectly benefiting Pakistani businesses through increased bilateral investments. In fact, UAE investments in Pakistan already total approximately $3 billion, focusing on sectors like energy, telecommunications, and real estate.


This economic stability is especially significant for over 1.6 million Pakistani workers in the UAE. In 2023, remittances from the UAE to Pakistan reached $5.9 billion, crucial for Pakistan’s foreign exchange reserves. A steady UAE economy means job security for these expatriates, positively impacting Pakistan’s economy.


Trade between Pakistan and the UAE also flourishes, with the bilateral trade volume crossing $10 billion in 2023. The UAE, as a re-export hub, facilitates Pakistani exports of textiles, food, and raw materials, supporting Pakistan’s trade growth.


In the energy sector, the UAE remains a dependable partner, with substantial investments in Pakistan’s oil and renewable energy sectors. Pakistan’s diplomatic and defense ties with the UAE are equally strong, underpinned by extensive cooperation in security and humanitarian assistance. The UAE has invested millions in Pakistan’s healthcare and education, including critical support in Pakistan’s polio eradication campaign.


The UAE’s stable economic footing, combined with Pakistan’s resource potential, strengthens this partnership, paving the way for future collaborations, especially in green technology and digital innovation. Together, these nations are well-positioned to foster sustainable growth and mutual prosperity.

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