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Sardar Yasir Ilyas Khan, president of the Islamabad Chamber of Commerce and Industry (ICCI), said that Pakistan and the United Arab Emirates have the potential to collaborate in the hospitality, retail, service and industrial sectors.
While giving an interview to Arab News, he said Pakistan was working to find additional areas of collaboration to fill the gaps and boost bilateral trade.
“Many international brands based in UAE are not present in Pakistan therefore both sides can collaborate to bring them to Islamabad,” he said.
He pointed out that there were many companies specializing in the manufacture of tiles and other goods in the UAE. Khan clarified in depth that the distribution of such firms passed through European and Chinese markets.
“We are looking at the prospects of encouraging those companies to bring their products and services to Pakistan,” he said.
The official stressed that UAE-based hotel chains could also be encouraged to enter the Pakistani market in a bid to boost the tourism sector. “We will visit the Emirates next month for a meeting with officials from UAE Chamber of Commerce and other trade chambers,” he said. “We will ask the UAE government through the chamber to facilitate Pakistanis in attaining business visas.”
He added that Pakistan and the United Arab Emirates were working on a new economic roadmap aimed at increasing the volume of bilateral trade and creating joint ventures.