The Pakistan Business Council (PBC) Dubai offers a platform for Pakistani businesses to expand and explore new opportunities in the UAE, enhancing bilateral relations between the two countries, according to its top official. Muhammad Iqbal Dawood, Chairman of PBC Dubai, stated that his organization aims to position Pakistan as a competitive player in the global market and supports the business community in expanding their presence in the UAE and the region. Dawood emphasized the pivotal role of PBC Dubai in strengthening UAE-Pakistan bilateral relations, serving as a vital bridge for trade and investment opportunities between the two nations.
Dawood highlighted the resilience of the Pakistan economy despite numerous challenges and suggested that transforming trade zones into powerful drivers of economic growth could ensure fair competition and protect essential revenue for national development. The PBC Dubai plays a crucial role in boosting Pakistan’s economy by connecting businesses between Pakistan and the UAE, providing a platform for expansion and exploration of new opportunities through networking events, informative sessions, and collaborations.
To address members’ concerns and strengthen business ventures in the UAE, PBC Dubai plans to foster networking and collaboration through regular events, workshops, and mentorship programs. The council also aims to strengthen ties with UAE government agencies to keep members updated on regulations and support. Digital platforms will enable continuous engagement, and showcasing member success stories will inspire the community.
Dawood reiterated the importance of PBC Dubai in strengthening UAE-Pakistan bilateral relations, not only enhancing economic ties but also fostering cultural understanding and mutual respect. He expressed optimism for the future of the Pakistan economy following the new government’s first budget in June, which focuses on important economic reforms and growth plans.
Currently, Pakistan faces significant challenges including power shortages, foreign exchange issues, smuggling, and bureaucratic obstacles. The PBC Dubai is proactive in providing suggestions and identifying gaps to address these issues, aiming to contribute positively by offering practical solutions. Sectors expected to drive Pakistan’s economy this year include technology, agriculture, and energy, particularly through investments in renewable energy.
The PBC Dubai also proposes revisiting agreements with Independent Power Producers (IPPs) to renegotiate and remove the capacity payment clauses, ensuring that the government and consumers only pay for the electricity they use. Main challenges for the economy include rising prices, high unemployment, debt, inequality, trade conflicts, and technological changes, which require careful planning and smart policies to address.
Interested individuals can apply for PBC membership via the online form on the official website or contact the office manager or executive assistant for further assistance. Membership categories include Dubai-based Pakistani Corporate Business Membership and Dubai-based Pakistani Individual Membership, with objectives to promote trade, facilitate business investments, introduce Pakistani products, and organize exhibitions in Dubai.
