Pakistan Becomes UAE Biggest Trade Partner in MENA Region with $8 Billion Annual Trade

Business

With a trade volume of more than $8 billion, the United Arab Emirates (UAE) has been Pakistan’s largest trade partner in the Middle East and North Africa (MENA) area, according to the Pakistani foreign minister, who congratulated the Gulf state on its 50th National Day.

The declaration was made at a grand reception in Islamabad hosted by UAE Ambassador to Pakistan Hamad Obaid Al-Zaabi to commemorate the UAE’s formal nationalization and the start of the Emirates’ unity after five decades.

The United Arab Emirates (UAE) was formally created on December 2, 1971, following an agreement between the rulers of Abu Dhabi, Dubai, Sharjah, Umm Al Quwain, Fujairah, and Ajman. Ras al Khaimah, the seventh, joined the new federation the next year. However, the seven Emirates have developed a distinct national identity since their federation.

Islamabad and the UAE have good brotherly relations, as per Pakistani Foreign Minister Shah Mahmood Qureshi, which are based on a shared heritage and diversified cooperation.

He further stated that economic and trade connections between Pakistan and the UAE were an essential element of the bilateral relationship and that they had been developing gradually.

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