KARACHI: The Federation of Pakistan Chambers of Commerce and Industry’s (FPCCI) Pakistan-UAE Business Council (PUBC) on Saturday called for sustained policy momentum to realize the full potential of bilateral investment and trade flows as bilateral trade surged to $10.1 billion in fiscal year 2024-25.
The UAE remains steadfastly positioned as Pakistan’s third-largest trading partner after China and the United States, according to the PUBC. The economic stability afforded by the 1.8 million-strong Pakistani diaspora in the UAE is evident, with remittances projected to exceed $7 billion in 2025, a vital component stabilizing Pakistan’s external account.
In a statement issued on Saturday, PUBC Chairman Diwan Fakhruddin the relationship between Pakistan and the UAE is transitioning from a fraternal bond to a sophisticated, mutually beneficial economic partnership, driven by deliberate policy reforms.
“However, the persistent trade imbalance (imports significantly outweighing Pakistan’s $2.1 billion exports in FY25) advocates for concerted efforts to diversify Pakistani exports into the UAE market, focusing on value-added textiles, specialized agricultural products, and IT/ITeS services,” he said.
