Pakistan and the United Arab Emirates (UAE) have reaffirmed their robust economic alliance, emphasizing collaborative knowledge exchange to bolster governance and policy formulation.
During an official visit to the UAE, Pakistani Minister of State for Finance and Railways, Bilal Azhar Kayani, met with UAE Minister of State for Financial Affairs, Mohamed bin Hadi Al Hussaini.
Kayani conveyed Pakistan”s gratitude for the UAE”s sustained financial aid, crucial for preserving the nation”s economic steadiness. The ministers deliberated on fiscal administration, encompassing budgeting procedures, public finance scrutiny, and tax policy adjustments. They exchanged national perspectives, pinpointing shared obstacles and prospects for enhancing institutional capabilities and governance structures.
Kayani outlined Pakistan”s agenda to modernize public sector finance, stressing the significance of emulating the UAE”s digitalization progress. He showcased Prime Minister Shehbaz Sharif”s reform initiatives centered on ecommerce, digitization, and sustained macroeconomic equilibrium. Kayani attributed the Prime Minister”s leadership to restoring macroeconomic balance and establishing a base for sustained expansion.
He reiterated Pakistan”s dedication to advancing structural reforms, guaranteeing fiscal accountability, and promoting transparency and effective administration for longterm economic resilience. The meeting echoed the principles of a recent Memorandum of Understanding (MoU) between the two nations, establishing a collaborative framework for modernizing governance, building institutional capacity, and developing futureready public administration systems. Pakistani Ambassador to the UAE, Faisal Niaz Tirmizi, and other senior officials also attended the meeting.