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UAE is number-two trading partner

24/07/2008

Bilateral trade between Pakistan and the United Arab Emirates (UAE) reached $7 billion in the last fiscal, year ended June 30 with the balance of trade in favour of the UAE, Pakistan's outgoing ambassador to the UAE, Ahsan Ullah Khan, has said.

"Pakistan's exports to the UAE during 2007-2008 were valued at $1.8 billion as compared with $1.3 billion the previous year," he said. "Pakistan's imports from the UAE for the same period rose to $5.2 billion from $3.4 billion."

Pakistan's commercial counsellor at its embassy in Abu Dhabi, Bilal Khan Pasha, said the UAE has now become Pakistan's second-largest trading partner after the US.

UAE imports from Pakistan consist mainly of leather products, rice, textiles, gold jewellery and precious stones.

The UAE's exports to Pakistan are primarily crude oil, chemicals, rubber, plastic, machinery, engineering items and pure gold.

"For 2008-2009, we plan to export items worth $2 billion to the UAE," said Mr Pasha.



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