Introduction
In a significant move to bolster economic ties and foster collaboration, Pakistan and Abu Dhabi Ports Group have signed four memorandums of understanding (MoUs). These agreements aim to enhance cooperation in multiple fields, including rail, airport infrastructure, and maritime shipping and logistics. The signing ceremony took place during a high-level delegation visit led by UAE Minister of State for Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi, who met with Pakistan’s Prime Minister Shehbaz Sharif.
The Signing of MoUs
Overview of Agreements
The MoUs were exchanged in the presence of Prime Minister Shehbaz Sharif and covered various sectors such as maritime affairs, aviation, railways, and customs. The agreements focus on improving digital customs controls, developing dedicated freight rail corridors, upgrading Pakistan’s maritime fleet, and enhancing the infrastructure of Pakistan’s international airports.
Potential Collaboration Areas
The signed MoUs will pave the way for potential collaboration in:
- Customs: Implementing advanced digital customs control systems.
- Rail: Developing dedicated freight rail corridors to enhance trade efficiency.
- Airport Infrastructure: Upgrading facilities at Pakistan’s international airports.
- Maritime Shipping and Logistics: Enhancing Pakistan’s maritime fleet and marine services.
High-Level Delegations
UAE Delegation
The UAE delegation included notable figures such as:
- Sheikh Ahmed Dalmook Al Maktoum, Chairman of Kaheel Group
- Capt. Mohamed Al Shamisi, Managing Director & Group Chief Executive Officer, Abu Dhabi Ports Group
- Hamad Obaid Ibrahim Salem Al-Zaabi, UAE Ambassador to Pakistan
Pakistani Delegation
The Pakistani side was represented by senior officials including:
- Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar
- Defence Minister Khawaja Muhammad Asif
- Commerce Minister Jam Kamal Khan
- Finance Minister Muhammad Aurangzeb
- Minister for Maritime Affairs Qaiser Ahmed Sheikh
- SAPM Tariq Fatemi
Prime Minister’s Remarks
Gratitude to UAE Leadership
Prime Minister Shehbaz Sharif expressed his gratitude to UAE President Sheikh Mohamed bin Zayed and Prime Minister Mohammed bin Rashid Al Maktoum for their steadfast support to Pakistan. He highlighted the comprehensive economic partnership between the two nations, encompassing trade, energy, and investment.
Economic Growth and Investment
The prime minister emphasized that the UAE’s investments would significantly boost Pakistan’s economy. He noted that the visit of the UAE delegation underscored the UAE government’s commitment to expanding its investment footprint in Pakistan.
IT Export Targets
Government’s Vision for IT Sector
Prime Minister Shehbaz Sharif, during a meeting with a delegation from VEON Group led by Chairman Augie K. Fabela, reiterated the government’s resolve to achieve $25 billion in IT exports within the next three years. He highlighted ongoing efforts to introduce 5G internet service to ensure fast and reliable connectivity, even in remote areas, as part of the Digital Pakistan initiative.
Role of Telecommunication Sector
The prime minister acknowledged the significant role of the telecommunications sector in promoting a cashless and digital economy. He praised the contributions of Jazz, VEON Group’s subsidiary, to Pakistan’s telecommunications and financial technology sectors. The government expressed its willingness to collaborate with VEON Group in IT, digitization, and artificial intelligence.
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Conclusion
The signing of the MoUs between Pakistan and Abu Dhabi Ports Group marks a pivotal step towards enhancing bilateral cooperation and economic growth. These agreements are expected to bring substantial improvements in customs, rail, airport infrastructure, and maritime shipping and logistics sectors. Additionally, the government’s commitment to boosting IT exports and introducing 5G services reflects its dedication to achieving economic stability and digital transformation.
FAQs
1. What are the main areas of collaboration under the MoUs between Pakistan and Abu Dhabi Ports Group?
The main areas of collaboration include customs, rail infrastructure, airport infrastructure, and maritime shipping and logistics.
2. Who were the key members of the UAE delegation that visited Pakistan?
The UAE delegation included Sheikh Ahmed Dalmook Al Maktoum, Capt. Mohamed Al Shamisi, Hamad Obaid Ibrahim Salem Al-Zaabi, and other senior officials.
3. What is the target for Pakistan’s IT exports in the next three years?
Pakistan aims to achieve $25 billion in IT exports within the next three years.
4. How will the introduction of 5G services benefit Pakistan?
The introduction of 5G services will provide fast and reliable internet connectivity, even in remote areas, supporting the vision of Digital Pakistan and promoting a cashless and digital economy.
5. What role does the telecommunications sector play in Pakistan’s economic growth?
The telecommunications sector plays a crucial role in promoting a cashless and digital economy, enhancing connectivity, and supporting various sectors such as IT and financial technology.
