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FPCCI & Federation UAE CCI sign MoU

Jun '07
FPCCI and Federation of UAE Chamber of Commerce & Industry have entered into 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 12th June 2007.

The signing ceremony was witnessed by His Highness Sheikh Abdullah Bin Zayed Al Nahyan Minister for Foreign Affairs of UAE and Mr Khurshid Mahmood Kasuri Foreign Affairs Minister of Pakistan.

On behalf of FPCCI the Agreement was signed by Dr. Mirza Ikhtair Baig, Chairman Pakistan UAE Business Council of FPCCI who highlighted UAE's contribution, being single largest investor in Pakistan, through proposed Joint Ventures at the recently launched projects of Textile and Garment Cities and Dazzle Park for Gems and Jewellery.

While commenting on the establishment of Pakistan UAE Joint Business Council Dr. Mirza Ikhtair Baig informed that the establishment of JBC will go a long way in 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 total 20 members, 10 members from each side.

He further informed that Pakistan UAE Business Council of FPCCI will soon send a Trade Delegation to UAE to attend the Inaugural Meeting of JBC with its counterpart in November 2007.

The Federation of Pakistan Chambers of Commerce & Industry

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