03 Sep 2024

SCCI launches Pakistan Business Council

The Sharjah Chamber of Commerce and Industry (SCCI) has officially launched the Pakistan Business Council in Sharjah, marking a significant step towards expanding economic cooperation between the business community in the emirate and its counterpart in Pakistan. This initiative aims to boost trade and investment exchanges, capitalize on available opportunities for mutual benefit, and contribute to the growth of the private sector while enhancing its role in comprehensive economic development. Held at SCCI’s headquarters, the inauguration ceremony was attended by H.E Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce, and Industry; H.E Faisal Niaz Tirmizi, Ambassador of the Islamic Republic of Pakistan in the UAE, and H.E Waleed Abdul Rahman Bukhatir, Second Vice Chairman of the Sharjah Chamber, H.E. Hussain Muhammad, Consul General Pakistan along with key members of the Chamber’s Board of Directors. Also present were H.E. Mohammad Ahmed Amin Al Awadi, Director-General of SCCI; Abdulaziz Al Shamsi, Assistant Director-General for Communication and Business Sector at SCCI; Fatema Khalifa Al Muqarrab, Director of International Relations Department at SCCI, and Syed Muhammad Tahir, Chairman of the Founding Committee of Pakistan Business Council, as well as representatives of the Pakistani business community in Sharjah. H.E Abdallah Sultan Al Owais affirmed that launching the Pakistan Business Council in Sharjah marks a significant new addition to the network of business councils operating under the umbrella of the Sharjah Chamber. These councils offer ideal platforms for companies to connect, collaborate, and form win-win partnerships that benefit everyone involved. He further noted that the new council is a key part of SCCI’s strategy to expand the number of business councils and capitalize 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. Al Owais emphasised that the UAE and Pakistan share an exceptionally close and historically rich relationship, further strengthened by strategic economic and trade partnerships that have shown consistent growth. The value of non-oil foreign trade between the UAE and Pakistan reached AED 25.7 billion in 2022, marking a 30% increase compared to AED 19.8 billion in 2021. This growth underscores the strong 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 investment in Pakistan's key economic sectors.