Economic and trade cooperation between Pakistan and the United Arab Emirates has seen a significant boost, thanks to the effective policies of the Special Investment Facilitation Council (SIFC).
According to the State Bank of Pakistan, bilateral trade between the two countries surged by 20.24 percent, reaching $10.1 billion.
The development follows the 12th session of the Pakistan-UAE Joint Ministerial Commission, which focused on enhancing cooperation in trade, investment, food security, aviation, IT, and energy sectors.
Analysts believe this growing partnership could help Pakistan reduce its import bill and create employment opportunities through increased bilateral trade and industrial collaboration. Economic experts suggest that eliminating non-tariff barriers and aligning customs regulations could potentially double bilateral trade within five years.
Pakistan's IT and fintech sectors are also seen as highly attractive for Gulf investors. Business advisor Faizan Majeed has emphasized the need to utilize Dubai Free Zones and establish trade facilitation centers to increase exports and further strengthen bilateral cooperation.
This positive momentum highlights the strategic role of SIFC in fostering economic growth and deepening regional economic integration.
