The UAE is a reliable and trusted partner of Pakistan and FPCCI will continue to play a key role in bringing the business leadership of both countries closer.
Saquib Fayyaz Magoon, Senior Vice President, FPCCI
Karachi: Chairman FPCCI Pakistan–UAE Business Council Diwan Fakhruddin addressed a joint session with the visiting delegation of Dubai Chambers at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Karachi. The session was attended by the head of the Dubai Chambers delegation Mr. Marwan Al Marri, FPCCI Senior Vice President Saquib Fayyaz Magoon, FPCCI Vice President Asif Sakhi, representatives from both countries, and a large number of business leaders.
Chairman Diwan Fakhruddin, in his keynote remarks, stated that Pakistan and the United Arab Emirates enjoy deep-rooted, historic, and trust-based economic relations that must now be strengthened in line with modern global economic requirements. He highlighted that annual bilateral trade between the two countries has surpassed USD 10 billion, making the UAE Pakistan’s third-largest trading partner.
He shared that over the past two decades, the UAE has invested more than USD 10 billion in Pakistan across banking, telecommunications, and real estate. He further noted that the 1.6 million Pakistani expatriates living in the UAE remit over USD 6 billion annually, serving as a vital stabilizer for Pakistan’s economy.
Diwan Fakhruddin appreciated the role of the Special Investment Facilitation Council (SIFC) in boosting Emirati investor confidence.
FPCCI Senior Vice President Saquib Fayyaz Magoon, in his remarks, stated that the UAE remains one of Pakistan’s most reliable and trusted partners. He reaffirmed FPCCI’s commitment to further strengthening business linkages between the private sectors of both nations.
He stated that investment opportunities in Pakistan are now broader and more sustainable than ever—especially in agriculture, energy, and the digital economy. He reiterated FPCCI’s ongoing engagement with government institutions to eliminate regulatory barriers and improve the ease of doing business.
Mr. Saquib Fayyaz Magoon emphasized that creating a dedicated facilitation framework for UAE investors remains a top priority, and he expressed confidence that Pakistan–UAE cooperation will significantly reinforce the economic future of both nations.
Head of the Dubai Chambers delegation, Mr. Marwan Al Marri, praised the growing momentum in Pakistan–UAE economic cooperation. He reaffirmed Dubai Chambers’ commitment to elevating bilateral relations to new heights.
Mr. Marwan Al Marri, highlighted substantial opportunities for UAE investors in Pakistan’s agriculture, minerals, information technology, and logistics sectors. He also appreciated Pakistan’s recent business reforms, describing them as encouraging for foreign investors.
He added that Dubai Chambers will send more business delegations to Pakistan to foster direct B2B engagement and expressed optimism that joint efforts will add new confidence, speed, and stability to bilateral trade.
Chairman Diwan Fakhruddin also outlined a forward-looking vision to expand Pakistan–UAE trade to USD 20 billion, calling the current trade imbalance a major opportunity for diversification. He emphasized four key sectors:
Agriculture & Food Security:
Pakistan can play a pivotal role in meeting UAE’s food security requirements through modern farming, cold-chain development, food processing, and value-added halal meat.
- Energy & Infrastructure:
With the shift from petroleum imports to solar and wind energy, new avenues of collaboration are emerging. He termed UAE’s involvement in Karachi Port Trust and logistics development by Abu Dhabi Ports and DP World a “game-changer.” - Information Technology & Digital Economy:
With over 600,000 IT professionals, Pakistan can become a digital services hub for the UAE. Joint ventures in startups, fintech, AI and outsourcing hold immense potential. - Mining & Minerals:
Pakistan’s untapped reserves of copper, gold, and strategic minerals offer high-return investment opportunities for UAE investors.
