The United Arab Emirates (UAE) and Pakistan are on the verge of finalizing a Comprehensive Economic Partnership Agreement (CEPA), as announced by UAE Ambassador Hammad Obaid Ibrahim Salem Al-Zaabi. According to the Tribune Home, this agreement is expected to significantly enhance bilateral trade, which currently stands at approximately $8-10 billion, a figure the ambassador believes does not represent the full potential of the relationship. The UAE aims to double this trade volume, focusing on sectors such as infrastructure, ports, aviation, agriculture, minerals, and railways. The ambassador highlighted the UAE's shift towards a digital economy, with nearly 99% of government services available online, and mentioned ongoing efforts to streamline visa processes and enhance skilled workforce mobility between the two countries.
ECONOMICS
Pakistan and UAE Near Economic Partnership Agreement Signing

UAE and Pakistan near a trade deal to double $8-10B trade, focusing on key sectors. Meanwhile, Pakistan struggles to renegotiate $15B energy debt with China amid complex financial obligations.
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Updated 1 day agoPBPT