UAE-Pakistan trade touches $7b: Gulf News

By Himendra Mohan Kumar, Staff Reporter
Published: July 24, 2008, 23:37

Abu Dhabi: The size of Pakistan-UAE bilateral trade touched $7 billion in the last fiscal year ended June 30 with the balance of trade in favour of the UAE, Pakistan's outgoing ambassador to the UAE Ahsan Ullah Khan said.

"Pakistan's exports to the UAE during 2007-2008 were valued at $1.8 billion as compared with $1.3 billion the previous year," he said. "Pakistan's imports from the UAE for the same period rose to $5.2 billion from $3.4 billion," he added.

Khan, however, said, "The foreign direct investment from the UAE in Pakistan in the last fiscal fell to $800 million from $1.4 billion the previous year."

He further informed that annual remittances to Pakistan from the UAE through official banking channels by non-resident Pakistanis rose to $1.2 billion from $860 million the year earlier.

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