by humayunbaig 
In an unprecedented move, Pakistan and Dubai have joined forces to sign two monumental agreements valued at more than $3 billion. The historic pacts, inked at the esteemed World Economic Forum (WEF) held in Davos, Switzerland, represent a significant leap in bilateral relations between the two nations. The agreements focus on enhancing cooperation within railways, economic zones, and infrastructure projects.
A Landmark Collaboration
The official signing took place on January 17, 2024, marking a significant day in the annals of international economics. Both nations expressed immense pride in their shared ambition to bolster Pakistan’s trade potential, thereby strengthening their bilateral ties. The partnership aims to enhance relations specifically in the logistics and marine sectors, paving the way for a prosperous future.
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Invested Parties
The key figures present at the signing ceremony included the Government of Dubai, Mr. Anwaarul Haq Kakar, the Caretaker Prime Minister of Pakistan, Mr. Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation (PCFC), and Mr. Shahid Ashraf Tarar, Federal Minister for the Ministry of Communication, Maritime Affairs, and Railways. Their involvement underscores the importance of these agreements in shaping the future of both nations.
The Road Ahead
One of the highlight proposals includes the establishment of a Dedicated Freight Corridor (DFC) and an economic zone near Karachi. The planned rail-based DFC is set to run from Karachi Port on the Arabian Sea, passing through Karachi to the Marshalling Yard Pipri, located approximately 50 kilometers away. This initiative is expected to significantly boost trade and transportation in the region.
A Shared Geo-Economic Vision
The Prime Minister of Pakistan underscored the country’s dedication to fostering partnerships for achieving its geo-economic ambitions. The Chairman of PCFC echoed these sentiments, highlighting DP World’s longstanding presence in Pakistan. He expressed optimism that these landmark projects would further consolidate economic cooperation between Pakistan and Dubai.
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