Former President Tariq Sayeed on behalf of FPCCI while Tahir Hussain Schon, President on behalf of PBC signed MoU in a prestigious gathering organized by PBC in Capital Club in Dubai, said a statement received here on Monday.
Secretary General SAARC CCI Iqbal Tabish signed MoU to strengthen liaison between Secretariat of SAARC CCI and PBC. Under the MoU, PCB has offered FPCCI to establish FPCCI liaison office in Dubai.
The both side shall take compatible measures to encourage and promote economic cooperation, exchange information, dispatch business delegates and take proactive measures to facilitate businessmen in Pakistan, and Pakistani enterprises in UAE.
"Dubai is an important commercial hub, which has been playing an important role in global trade and economy and serves as a gateway to connect Asia, with Gulf and the World. The presence of multinational companies in Dubai offer tremendous opportunities for Pakistani businessmen for Joint ventures and investment in mutually interested areas," said Tariq Sayeed in his key note speech on the occasion.
He said that FPCCI liaison office in Dubai will help promote business relations and safeguard the interests of Pakistani enterprises in UAE and particularly focus on attracting FDI in Pakistan from UAE.
Iqbal Tabish in his presentation briefed the South Asian business community based in Dubai about role, functions and contribution of SAARC CCI for promoting economic cooperation in South Asia and added that the role of South Asian Business community was vital in terms of their contribution for creating employment opportunities and earning foreign exchange for their respective countries.
SAARC Chamber would sign similar MoUs with Afghanistan, Indian, Bangladeshi and Sri Lankan business Council operating in UAE while aiming institutional arrangements and collaborations to further promote economic cooperation amongst South Asia national through South Asian enterprises in UAE.
Presently trade between South Asian countries and UAE is about $ 25 billion, which is less than 5 per cent of the total trade of South Asian countries to the rest of the World.
While presenting the activities of PBC Dubai, its President Tahir H. Schon said that his Council was ready to extend all possible cooperation to facilitate South Asian and particularly Pakistani Enterprises for exploring business opportunities in potential market of UAE.