Sharjah Chamber Initiates Pakistan Business Council To Bolster Economic Ties

The Sharjah Chamber of Commerce and Industry (SCCI) has introduced the Pakistan Business Council in Sharjah to enhance economic ties between the emirate and Pakistan. This initiative aims to boost trade and investment, promote mutual opportunities, and support private sector growth in comprehensive economic development.

The inauguration at SCCI’s headquarters saw attendance from Abdallah Sultan Al Owais, Chairman of SCCI; Faisal Niaz Tirmizi, Ambassador of Pakistan to the UAE; Waleed Abdul Rahman Bukhatir, Second Vice Chairman of SCCI; Mohammad Ahmed Amin Al Awadi, Director-General of SCCI; and Syed Muhammad Tahir, Chairman of the Founding Committee of Pakistan Business Council, among other dignitaries.

Al Owais mentioned that the Pakistan Business Council adds to the network of business councils under SCCI. He highlighted that this council aligns with SCCI’s strategy to expand business councils, fostering economic collaboration, cross-border partnerships, and strengthening global business ties. He noted the UAE and Pakistan's close relationship marked by strategic economic and trade partnerships.

The non-oil trade between the UAE and Pakistan reached AED25.7 billion in 2022, a 30 percent increase from AED19.8 billion in 2021. This reflects both countries' commitment to deepening relations. Additionally, the UAE plans a US$10 billion investment in Pakistan's key sectors.

The council will enable Pakistani entrepreneurs to expand their businesses across the UAE and explore regional markets. They can engage in joint ventures, conferences, trade shows, and delegate exchanges. It will represent Pakistani business interests, ensuring they benefit from the services offered by SCCI.

Faisal Niaz Tirmizi commended SCCI’s efforts in supporting entrepreneurs, enhancing employment, and driving innovation. Syed Muhammad Tahir appreciated the council's role in creating economic opportunities and fostering collaboration between the business communities of both nations.

Platform for Collaboration

The Pakistan Business Council is set to strengthen partnerships and elevate bilateral business relations. It provides a platform for Pakistani business leaders to engage with Sharjah’s business community, exchange ideas, and launch new projects. Sharjah offers a favourable business environment with strategic advantages, logistics, supportive legislation, and robust infrastructure.

The inauguration included a presentation on the mission and goals of SCCI’s business councils. The focus was on enhancing bilateral cooperation and increasing trade and investment between Sharjah and the countries represented.

This initiative by SCCI aims to foster stronger economic ties between Sharjah and Pakistan while providing numerous opportunities for growth and collaboration for businesses from both regions.

With inputs from WAM