logo
Pakistan PM to discuss economic, regional issues with UAE president during Abu Dhabi visit

Pakistan PM to discuss economic, regional issues with UAE president during Abu Dhabi visit

Arab Newsa day ago

ISLAMABAD: Prime Minister Shehbaz Sharif will meet United Arab Emirates (UAE) President Sheikh Mohamed bin Zayed Al Nahyan during an official visit to the Gulf state tomorrow, with discussions expected to focus on economic cooperation and recent regional developments, the Pakistani foreign office said on Wednesday.
Sharif's trip comes amid Pakistan's deepening ties with Gulf nations, including the UAE, as it strives to revive its economy through export-led growth and foreign investment.
The UAE is Islamabad's third-largest trading partner and a major investor. It is also home to over a million Pakistani expatriates and has been a critical ally during Islamabad's recent financial crisis, depositing funds in Pakistan's central bank to help unlock International Monetary Fund (IMF) assistance.
'Prime Minister Muhammad Shehbaz Sharif will undertake an official visit to the United Arab Emirates on 12 June 2025,' the foreign office said in a statement.
'Prime Minister Sharif will hold high-level meetings with the UAE leadership, including a bilateral meeting with the President of the UAE and Ruler of Abu Dhabi, Sheikh Mohamed bin Zayed Al Nahyan,' it added. 'A wide range of bilateral, regional and global issues of mutual interest and concern will be discussed during the high-level interactions.'
The foreign office said the visit reflected the 'deep-rooted fraternal ties' between the two countries, marked by 'mutual trust, shared values and close cooperation across multiple sectors.'
In January 2024, Pakistan and the UAE signed agreements exceeding $3 billion for cooperation in railways, economic zones and infrastructure.
Last month, Sharif held a phone call with the UAE president in which he expressed satisfaction over growing ties and pledged to transform the relationship into a 'mutually beneficial economic partnership.'
During the call, the two leaders also discussed tensions between Pakistan and India that recently escalated into cross-border hostilities involving missile strikes, drones and artillery fire.
Sharif thanked the UAE for its 'constructive diplomatic role' in defusing the crisis and said the Gulf nation had 'always stood by Pakistan, through thick and thin.'
The UAE is also a strategically favorable destination for Pakistan due to its proximity, minimizing freight costs. The prime minister's visit is expected to reinforce ongoing economic cooperation and explore new areas of strategic partnership.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Pakistan urges EU to continue GSP+, raises alarm over India's water treaty violations
Pakistan urges EU to continue GSP+, raises alarm over India's water treaty violations

Arab News

timean hour ago

  • Arab News

Pakistan urges EU to continue GSP+, raises alarm over India's water treaty violations

KARACHI: A high-level Pakistani delegation visiting Brussels on Thursday urged European Union officials to support the continuation of Pakistan's preferential trade access under the GSP+ scheme, while also raising concern over India's alleged violations of the Indus Waters Treaty. The delegation, led by former foreign minister Bilawal Bhutto Zardari, met with Bernd Lange, chair of the European Parliament's International Trade Committee, to discuss regional tensions following a recent military escalation with India, the worst confrontation between the nuclear-armed neighbors in decades. The group previously visited Washington and London as part of a broader diplomatic effort to rally international support after the conflict in which the two nations exchanged drones, missiles, and artillery strikes between May 7-10 before a ceasefire was announced. Since then, both countries have launched diplomatic offensives to present their narratives on the conflict and its causes. 'We just had a meeting with their [EU] trade representative, where we conveyed Pakistan's message of peace,' Bhutto Zardari told reporters after the meeting. 'In that context, we specifically raised the decisions related to the Indus Waters Treaty, which are violations of international law, and in the EU context, they strongly believe in respecting treaties and adhering to international law. So, in that context, we pitched our case.' The 1960 Indus Waters Treaty, brokered by the World Bank, governs the distribution of water from the Indus River system between India and Pakistan. Islamabad has expressed alarm in recent months over what it sees as India's unilateral actions affecting river flows, warning that any withdrawal from or violation of the treaty could destabilize water access for millions of people in the region. Bhutto Zardari emphasized that Pakistan seeks engagement over confrontation with India, citing terrorism, the longstanding Kashmir territorial dispute, and water issues as areas that require dialogue. 'There should be engagement with India, whether on the issue of terrorism, the Kashmir dispute, or, of course, the critical issue of water, so that solutions can be found,' he said. Bhutto Zardari also thanked the European Union for expressing condolences over Pakistani casualties in the recent clashes with India and praised the bloc's commitment to international norms. 'If you look at this recent conflict, the violation of international law has been committed by one side, and that side is not Pakistan,' he said. Musadiq Malik, Pakistan's federal minister for water resources and another member of the delegation, warned EU officials of the wider implications of undermining water treaties. 'If India is given the right to exit the Indus Waters Treaty, then 70 percent of the world's countries that are lower riparian, whose populations depend on drinking water, agriculture, and life itself, will face destruction,' Malik said. He urged the international community to preserve a rules-based global order. 'Because if we do not, remember, in the Wild West, the one with the faster gun ruled,' he added. Former ambassador Jalil Abbas Jilani, also part of the delegation, said the team had requested continued EU support for Pakistan under the Generalized Scheme of Preferences Plus (GSP+), which allows duty-free or low-duty access for developing countries to the European market in exchange for progress on human rights, labor standards, environmental protection, and good governance. 'We requested them to continue their support for GSP+, as they have in the past,' Jilani said. 'We hope the European Union will take into consideration Pakistan's need for the GSP+ status and will play a role in its continuation.' The current GSP+ arrangement, which has significantly boosted Pakistan's textile exports to the EU, is due for review as the bloc finalizes the next phase of its trade preference program. The scheme has played a key role in supporting Pakistan's exports, particularly in the garment sector, which employs millions. Pakistan GSP+ benefits were extended last year until 2027.

Israel Says it Deported 6 More Activists Detained on Gaza Aid Boat
Israel Says it Deported 6 More Activists Detained on Gaza Aid Boat

Asharq Al-Awsat

timean hour ago

  • Asharq Al-Awsat

Israel Says it Deported 6 More Activists Detained on Gaza Aid Boat

Israel on Thursday said it deported six more activists who were detained when it seized an aid boat bound for the war-ravaged Gaza Strip. The six included Rima Hassan, a French member of the European parliament who Israel had previously barred from entering Israel and the Palestinian territories, citing her support for boycotts of the country. Israel's Foreign Ministry, which has dismissed the aid boat as a publicity stunt, posted a photo of Hassan on what appeared to be an airplane. 'Six more passengers from the 'selfie yacht,' including Rima Hassan, are on their way out of Israel,' the ministry wrote on X. 'Bye-bye — and don't forget to take a selfie before you leave.' They were among 12 passengers, including climate campaigner Greta Thunberg, aboard the Madleen, a boat that sought to break Israel's blockade of Gaza and deliver a symbolic amount of aid. Israel seized the vessel early Monday and deported Thunberg and three others the following day, The AP news reported. The last two activists are expected to be deported on Friday, according to Adalah, a local human rights group representing them. It said the activists were subjected to 'mistreatment, punitive measures, and aggressive treatment, and two volunteers were held for some period of time in solitary confinement.' Israeli authorities declined to comment on their treatment. Israel says it treats detainees in a lawful manner and investigates any allegations of abuse. Israel says the blockade is needed to prevent the militant group from importing arms. Critics view it as collective punishment of Gaza's roughly 2 million Palestinians. The Israeli Foreign Ministry said those activists who signed deportation documents would be deported immediately while those who refused would be brought before a judicial authority to authorize their deportation in keeping with Israeli law. The activists have protested that they had no intention of entering Israel and were brought there against their will. The Freedom Flotilla Coalition, which organized the journey, said it was aimed at protesting Israel's blockade of Gaza and ongoing military campaign there, which experts say has pushed the territory to the brink of famine more than 20 months into the Israel-Hamas war.

Israeli Assets Slide as Regional Tensions Escalate
Israeli Assets Slide as Regional Tensions Escalate

Asharq Al-Awsat

timean hour ago

  • Asharq Al-Awsat

Israeli Assets Slide as Regional Tensions Escalate

The cost of insuring Israel's debt against default rose on Thursday, and its bond prices and stock indexes slid, as regional security concerns spiked and the country's own government wobbled. Israel's five-year credit default swaps rose nine basis points (bps) from Wednesday's close, to reach 107 bps, according to S&P Global Market Intelligence, while its international dollar bonds slid more than 1 cent, Reuters reported. The 100-year issuance, which matures in 2120, shed more than 1.3 cents before retracing some of the loss to be bid at 67 cents on the dollar, Tradeweb data showed. "A possibility of a more pronounced geopolitical deterioration may take its toll on the local economy and the fiscal deficit, and also make it more challenging for Bank of Israel to lower its rates later this year," said Ronen Menachem, chief markets economist with Mizrahi Tefahot Bank. The United States has restricted government employees' travel outside certain Israeli cities, and pulled some personnel out of the Middle East, due to escalating tensions with Iran. Benjamin Netanyahu more time resolve its worst political crisis yet and avoid a ballot that polls suggest he would parliament rejected early on Thursday a preliminary vote to dissolve itself, giving the ruling coalition led by Prime Minister Israel's stocks also slid, with the blue-chip and the broader indexes down roughly 2%. The shekel currency fell just less than 1% versus the US dollar, to 3.56, but remained up 2% year to date. Still, Menachem noted that local indexes are near all-time highs, and assets have rebounded from other recent security related declines. Markets broadly moved into risk-off mode, with oil prices spiking and fixed income instruments in other emerging markets coming under downward pressure.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store