KARACHI: Pakistan’s Ambassador to United Arab Emirates (UAE), Asif Durrani has said that Pakistan’s exports to UAE can be doubled from the existing $3 billion to $6 billion by focusing on improving the overall supply chain of goods being exported to UAE, particularly the perishable products.
Talking to President KCCI, Abdullah Zaki and KCCI Managing Committee members during his visit to Karachi Chamber, Asif Durrani pointed out that currently it takes around 72 hours of duration for Pakistani goods to reach UAE which can be reduced to just 24 hours by taking steps towards improving the transportation system along with refrigeration facilities.
He said that Pakistani exporters must maintain cold chain during transit of perishable goods which would surely help in enhancing exports to UAE.
Furthermore, the horticulture sector of Pakistan has the potential to capture sizeable share in UAE markets but unfortunately Pakistan’s exports of horticulture products to UAE were almost inexistent, he added.
The Ambassador, while highlighting the significance of value-addition, stressed that Pakistani exporters who are willing to enhance their exports, must also focus on sending high quality products with proper processing and packaging to UAE which would further raise demand for Pakistani products in UAE markets.
He pointed that around 1.3 million Pakistani expats are working in UAE, of which more than 80 percent are blue-collar workers whereas the remaining 20 percent are either white-collar workers or Pakistani investors. “Pakistani investors have invested around $25 billion mostly in UAE’s real estate sector”, he added.
Asif Durrani said that Pakistan businessmen and industrialists must seriously focus on enhancing trade ties with their counterparts in UAE which has emerged as the hub of entire Gulf region.
He informed that total trade volume between Pakistan and UAE was $9 billion, of which Pakistan’s total imports stood at $6 billion while products worth $3 billion were being exported, depicting a trade deficit of $3 billion but this deficit offsets as Pakistan received workers’ remittances of $3 billion from UAE.
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