ISLAMABAD (PEN) : At a major economic conference , a senior UAE diplomat expressed his country’s growing investment in Pakistan, highlighting the potential for deeper collaboration in food security.
UAE Consul General Bakheet Ateeq Al-Rumaithi spoke during the Future Summit, a two-day event in Karachi that brings together business leaders and policymakers from both local and international communities to explore new economic partnerships. His comments were particularly timely, as Pakistan seeks to attract more investment to overcome its ongoing economic challenges, which have forced the country to look for external financial support from both allies and global institutions.
Al-Rumaithi emphasized that the UAE is making significant strides in its investments in Pakistan, with a special focus on agriculture—an area of growing importance as Pakistan grapples with reduced crop yields, exacerbated by unpredictable weather patterns linked to climate change. “There are many opportunities for collaboration between our two nations, especially in the food security sector,” he said, underscoring the shared interests in addressing food shortages and ensuring sustainable agricultural practices.
The UAE diplomat also took the opportunity to reaffirm his country’s long-standing friendship with Pakistan, noting that both nations have a deep-rooted, brotherly relationship. He highlighted the vital role of Pakistani nationals in the UAE’s workforce, particularly in the healthcare sector, emphasizing the mutual benefits of the two countries’ economic and human connections.
Federal Finance Minister Muhammad Aurangzeb, who also addressed the summit, took a moment to reassure the audience that Pakistan is on the path to economic stability. Reflecting on recent positive trends, he pointed to a decline in the current account deficit, a rise in remittances, the stabilization of the Pakistani rupee, and a reduction in the policy rate as signs of progress. He also stressed that Pakistan’s future success will depend on critical institutional reforms—particularly in improving transparency, enhancing tax collection, and using technology to modernize governance.
As the summit closed, it was clear that both countries see food security and economic cooperation as vital areas for future growth, with hopes for a stronger, more resilient partnership in the years to come.
