Pakistan’s Punjab to deploy over 47,000 police personnel for security on Eid Al-Fitr

ISLAMABAD: Pakistan’s bilateral trade with the United Arab Emirates (UAE) surpassed $10.9 billion during the fiscal year 2023-24, the country’s envoy to the Gulf country said this week, noting that the figure represented the strong economic partnership both nations enjoyed. 

Pakistan and UAE have both moved closer in recent months to establish a stronger economic partnership. In January 2024, Pakistan and the UAE signed multiple agreements worth more than $3 billion for cooperation in railways, economic zones and infrastructure.

The UAE is Pakistan’s third-largest trading partner after China and the United States and a major source of foreign investment valued at over $10 billion in the last 20 years, according to the UAE’s foreign ministry.

“Pakistan’s Ambassador to the UAE Faisal Tirmizi revealed that bilateral trade between Pakistan and the UAE exceeded $10.9 billion in the fiscal year 2023–24, including both goods and services,” UAE’s state-run news agency WAM reported on Friday. 

Tirmizi also disclosed that remittances from the Pakistani community in the UAE reached $6.7 billion in 2024, adding that they are expected to surpass $7 billion in 2025.

Tirmizi revealed that goods trade between the two countries during the fiscal year 2023–24 reached $8.41 billion, with Pakistan’s exports rising by 41.06% to $2.08 billion while imports from the UAE declined by 14.45% to $6.33 billion, resulting in a 28.28% reduction in the trade deficit. 

In the services sector, he said total trade stood at $2.56 billion, marking a 20.54% year-on-year increase.

Tirmizi noted that during the period July 2024 to January 2025, goods trade rose by 21.63%, with Pakistan’s exports growing by 7.53%, indicating sustained momentum in economic engagement.

“These figures reflect not only the strength of our economic partnership but also the vital role played by the Pakistani diaspora in supporting the national economy,” Tirmizi said. 

The Pakistani envoy said there are nearly 19 Emirati companies currently operating in Pakistan, adding that the UAE has invested significantly in Pakistan’s key sectors such as communications, services, tourism, information technology, oil and gas, housing, banking, and real estate.

He pointed out that leading UAE companies Abu Dhabi Ports Company and DP World’s had signed agreements related to port operations, including the development of Karachi Port Trust (KPT) and related railway infrastructure projects.

“These investments demonstrate the UAE’s deep and long-term commitment to Pakistan’s growth and connectivity,” he added.

ISLAMABAD: Pakistan confirmed late Saturday night the killings of eight of its nationals in Iran’s Sistan-Baluchestan province, with Prime Minister Shehbaz Sharif emphasizing the need for all regional countries to come together to devise and enforce a coordinated counterterrorism strategy to eliminate militant violence.
The news of the killings first emerged in local media in the evening, though the country’s foreign ministry and federal authorities did not issue immediate statements.
However, the foreign office later confirmed the development in response to media queries.
“We are aware of this tragic incident and are in touch with Iranian authorities,” said spokesperson Ambassador Shafqat Ali Khan. “We will comment once facts are established and confirmed details are available.”
Khan added that Pakistan’s embassy in Tehran and consulate in Zahedan had been in constant contact with the relevant Iranian authorities over the incident.
In a separate statement, Prime Minister Shehbaz Sharif expressed grief over the killing of the eight Pakistani nationals and voiced concern over the attack on Iranian soil.
“Terrorism is a scourge that is devastating for all countries in the region,” he said. “All regional states must implement a coordinated strategy to root out terrorism.”
Sharif urged the Iranian government to swiftly apprehend the perpetrators and ensure they are held accountable.
“The Iranian government must bring those responsible to justice and share the reasons behind this heinous act with the public,” he continued.
The prime minister also directed Pakistan’s foreign ministry to remain in contact with the victims’ families and instructed the embassy in Tehran to ensure the safe repatriation of the bodies.
Earlier in the day, Afghanistan’s Khaama Press News Agency reported the attack took place in the early hours of the day in a village in Mehrestan district, located near the Iran-Pakistan border. The outlet said the victims were auto mechanics.
However, the separatist Balochistan National Army (BNA) claimed responsibility for the attack later in the day, alleging that the slain workers were members of Pakistan’s premier spy agency.
Pakistan’s southwestern Balochistan province, which borders Iran and Afghanistan, has faced a low-level insurgency for nearly two decades. Baloch separatist groups accuse the central government of exploiting the region’s natural resources, such as gold and copper, without benefiting the local population.
Islamabad denies the allegations, saying it is committed to improving the lives of Baloch residents through various development projects.
Thousands of Pakistanis, mostly from economically disadvantaged regions, frequently cross into Iran to take up informal work in sectors such as vehicle repair, construction and agriculture.
In January last year, nine Pakistani laborers were killed and three critically injured in a similar attack in Saravan city, also located in Iran’s southeastern border region.
The victims in that case had also been working at an auto repair shop.
Last year’s killings took place at a time when Pakistan and Iran were trying to mend diplomatic ties following tit-for-tat missile and drone strikes.