UAE: JBC expects more investment in textile and garment sectors
BharatTextile.com (subscription), India
DUBAI: Dr Mirza Ikhtair Baig, Chairman, Pakistan-UAE Business Council of FPCCI signed an agreement for the establishment of Pakistan-UAE Joint Business Council on the occasion of 9th Session of Pakistan UAE Joint Ministerial Meeting held at Islamabad on June 12, 2014.
UAE is the single largest investor in Pakistan, in the proposed joint ventures at the recently launched projects of Textile and Garment Cities and Dazzle Park for Gems and Jewellery.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) was representated by Khurshid Mahmood Kasuri, Foreign Affairs Minister of Pakistan and Federation of UAE Chamber of Commerce and Industry was representated by Shaikh Abdullah bin Zayed Al Nahyan, UAE Minister for Foreign Affairs.
Dr Mirza Ikhtair Baig informed that the establishment of JBC will go a long way in the promotion of bilateral trade and economic relations between the two countries and exploration of new avenues for joint ventures. He said that the JBC will also encourage the UAE investment in Pakistan. The Pakistan-UAE Joint Business Council comprises 20 members, 10 members from each side.
The Pakistan-UAE Business Council of FPCCI will soon send a trade delegation to UAE to attend the inaugural meeting of the JBC in November 2014.
