Pakistan and UAE strengthen economic ties through high-level bilateral meeting

Dubai: In a move to bolster economic collaboration and governance between the two nations, Pakistan’s Minister of State for Finance and Railways Bilal Azhar Kayani, met on Wednesday with UAE Minister of State for Financial Affairs, Mohammad bin Hadi Al Hussaini, in Abu Dhabi.

The high-level talks focused on enhancing fiscal management, sharing best practices in public finance, and advancing digital reforms — key elements of Pakistan’s ambitious economic reform agenda supported by the UAE’s ongoing financial partnership, according to the Pakistani Embassy handout.

Minister Kayani conveyed Pakistan’s gratitude for the UAE’s sustained financial support, vital for the country’s economic stability. Both leaders exchanged insights on fiscal management, covering budgeting, public finance oversight, and tax reforms.

Reforms agenda

Kayani presented Pakistan’s ongoing reform agenda focused on modernising public sector finance, inspired by the UAE’s advanced digitalisation initiatives.

The meeting underscored Prime Minister Muhammad Shehbaz Sharif’s commitment to e-commerce, digitisation, and macroeconomic stability as pillars of Pakistan’s long-term economic growth.

It also reinforced the Memorandum of Understanding signed earlier this year between Pakistan’s Ministry of Planning and the UAE Ministry of Cabinet Affairs, fostering collaboration on governance modernisation and capacity building.

Ambassador Faisal Niaz Tirmizi and a high-level Pakistani delegation accompanied Minister Kayani during the discussions.