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FINANCIAL NEWS
UAE-Pakistan bilateral trade hits USD9b in 2014
07 Feb 2015
(MENAFN) Bilateral trade between UAE and Pakistan stood at USD9 billion in 2014 and there is a vast potential to enhance trade and business relations between the two countries, Gulf News reported.
Pakistan’s exports to UAE reached USD1.75 billion in 2014, representing seven percent of Pakistan’s total exports. Food and textile top the list of exports commodities.
Meanwhile, Pakistan imports from UAE stood at USD7.3 billion in 2014, with oil and gold topping the list of products, the Governor of State Bank of Pakistan said in a statement.
Currently, the UAE is Pakistan’s largest trading partner. Trade between the two countries could expand further due to the government endeavors to improve the business climate and the trade regime.
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