Related Keywords: bilateral trade, business climate, largest trading partner, Pakistan, Pakistan total export, public sector enterprise, Textile, trade regime, UAE
The UAE is Pakistan’s largest trading partner. Trade between the two countries can expand further if there is improvement in the business climate, the trade regime, and public sector enterprises to increase foreign and domestic private investment and boost economic growth, said Ashraf Wathra, Governor of State Bank of Pakistan at the conference held in Dubai by IMF and Pakistan Minister of Finance.
The bilateral trade between UAE and Pakistan stood at $9 billion (Dh33.03 billion) in 2014 and there is a vast potential to boost trade and business relations between the two countries.
