The Sharjah Chamber of Commerce and Industry (SCCI) has launched the Pakistan Business Council, marking a significant step towards expanding economic cooperation between the business community in Sharjah and its counterpart in Pakistan.
This initiative aims to boost trade and investment exchanges, capitalise on available opportunities for mutual benefit, and contribute to the growth of the private sector while enhancing its role in comprehensive economic development.
The new council is a key part of SCCI’s strategy to expand the number of business councils and capitalise on their role in enhancing economic collaboration, fostering cross-border partnerships among entrepreneurs and investors, and strengthening investment and trade ties with global business communities.
The value of non-oil foreign trade between the UAE and Pakistan reached AED 25.7 billion in 2022, marking a 30 per cent increase compared to AED 19.8 billion in 2021.
The growth underscores the commitment of both countries' leaderships to deepening bilateral relations and driving them towards greater development and prosperity. Additionally, the UAE is stepping up with a $10 billion (AED 36 billion) investment in Pakistan's key economic sectors.
The new council will provide an opportunity for Pakistani entrepreneurs to promote their businesses across the UAE, expand into regional markets, and dive into joint ventures including conferences, trade shows, and delegate exchanges. It will also represent and safeguard the interests of Pakistani businesses, ensuring they leverage the diverse services offered by the Sharjah Chamber.
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