Business
Comprehensive Economic Partnership Agreement in final stages: UAE envoy
LAHORE: Ambassador of the United Arab Emirates Hammad Obaid Ibrahim Salem Al-Zaabi revealed on Tuesday that Pakistan and the UAE are at the final stage of signing a Comprehensive Economic Partnership Agreement (CEPA), which would significantly boost bilateral trade and remove business obstacles between the two countries.
“The current trade volume of around $8 to $10 billion does not reflect the true strength of relations. So our government wants to double this figure as soon as possible,” he said while speaking at the Lahore Chamber of Commerce and Industry on Tuesday. LCCI President Faheem Ur Rehman Saigol welcomed the envoy.
The ambassador further said that the UAE is rapidly shifting towards an AI-driven, digitised economy, where nearly 99 per cent of government services are available online. Referring to the visa process, the envoy said both countries are working to streamline procedures through digital systems.
He appreciated the efforts of Pakistan’s Ministry of Interior and said discussions were underway with the Punjab Skilled Labour Authority to enhance cooperation in skilled workforce mobility.
Eyes doubling of bilateral trade to $16-20bn
He emphasised that he is personally working at operational and technical levels to ensure that all signed agreements, including CEPA and other trade frameworks, are fully implemented.
The ambassador said the UAE is expanding investments in Pakistan in key sectors, including infrastructure, ports, aviation, agriculture, minerals and railways. He revealed that discussions with Pakistan’s Railway Ministry are progressing and new agreements related to supply chain connectivity from northern regions to Karachi, including the possibility of a dry port, would be announced soon. He added that the Joint Business Council is being activated, and efforts are underway to hold its meeting at the earliest.
Published in Dawn, February 11th, 2026
ISLAMABAD: Pakistan and Cambodia have agreed to work toward establishing a Preferential Trade Agreement (PTA) to support deeper commercial cooperation, Cambodia’s Minister of Commerce Cham Nimul said on Tuesday.
The Cambodian minister said the primary purpose of her visit to Pakistan was to explore new trade and investment opportunities through structured business to business linkages. During the visit, Cham Nimul met with Commerce Minister Jam Kamal Khan and Foreign Minister Ishaq Dar and visited the IICCI and FPCCI to engage with the local business community.
Speaking at the ICCI, Cambodia’s Minister of Commerce Cham Nimul said that PTA would help translate strong trade potential into actionable outcomes, ensure faster market access, streamline clearance procedures, and provide a viable pathway for Pakistani investment, particularly in support of Cambodia’s healthcare needs and regional competitiveness.
Inviting Pakistani entrepreneurs to invest in Cambodia, Ms Nimul highlighted the country’s Special Economic Zones, which offer incentives including tax holidays, import duty exemptions, and streamlined administrative services under the Council for the Development of Cambodia.
She also expressed keen interest in footwear, surgical instruments, and pharmaceutical sectors, where Pakistan has developed internationally recognised capabilities, export-ready manufacturing bases, and compliance with global quality standards.
Published in Dawn, February 11th, 2026
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday said Pakistan and Kuwait share strong brotherly relations, which were set to further strengthen through bilateral economic, investment and trade cooperation.
He made the remarks while addressing a ceremony in Islamabad in connection with the issuance of a digital licence to Raqami Islamic Digital Bank.
The prime minister congratulated Raqami Islamic Digital Bank on becoming the third licenced digital retail bank in Pakistan.
He expressed hope that the bank would not only be Sharia-compliant but would also offer features that would significantly support and promote the growth of banking in the country.
“This development will go a long way in further enhancing bilateral economic relations between Pakistan and Kuwait,” the prime minister said.
He also expressed gratitude to the Kuwaiti leadership for their support to Pakistan at various times.
Raqami Islamic Digital Bank Limited was awarded a restricted banking license by the State Bank of Pakistan (SBP) in May 2025, under the Licensing and Regulatory Framework for Digital Banks to commence pilot operations as a digital retail bank.
Raqami is backed by Pakistan Kuwait Investment Company (Private) Limited, a joint venture between Pakistan and Kuwait governments and Enertech Holding Company KSC, a subsidiary of the sovereign wealth fund of Kuwait, the Kuwait Investment Authority.
Comprehensive Economic Partnership Agreement in final stages: UAE envoy
Preferential Trade Agreement with Cambodia on cards
Govt woos Japanese investors, commits to addressing their concerns
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