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UAE Foreign Trade Minister and Pakistan Business Council discuss strengthening of trade & investment ties

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Pakistan Business Council to hold UAE-Pak Trade and Investment seminar to boost trade ties

Dubai: Pakistan Business Council in Dubai has announced to organise a UAE-Pak Trade and Investment seminar soon in a bid to boost trade relations between the two countries. The moves comes after the board of directors of Pakistan Business Council (PBC) in Dubai met with Dr Thani Bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, at the Ministry’s office in Dubai earlier this week to discuss various business opportunities and ways to strengthen trade between the UAE and Pakistan. Trading partner Dr Al Zeyoudi said: “We remain prepared to provide full assistance to the Pakistan Business Council members in enabling more Pakistani entrepreneurs and businessmen to explore the opportunities available in the UAE market.” The UAE is one of Pakistan’s largest trading partners in the Gulf region and a major source of investments and remittances. The trade volume between the two countries amounted to around $8.19 billion in the year 2019.

Pakistani rupee enjoying smart recovery

Pakistani rupee enjoying smart recovery Muzaffar Rizvi © Provided by Khaleej Times Pakistani rupee enjoying smart recovery Pakistan s rupee has staged a smart recovery against the US dollar on positive economic indicators, and experts believe it will continue its upward trend despite some challenges ahead. Analysts and market experts said the currency will be a major beneficiary of higher GDP growth, rising foreign exchange reserves and consistent remittances inflows of over $2 billion during the first eight months of the current 2020-21 financial year. The rupee has so far appreciated 1.7 per cent against the dollar this year and closed at 157.12 on the interbank market on Friday. Against the UAE dirham, it ended slightly up at 42.77 against 43.6 on January 8, reflecting an appreciation of 1.9 per cent.

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