By Admin 
Pakistan Airport Deal with UAE: UAE (United Arab Emirates) has broken the deal with Pakistan regarding Islamabad International Airport. Under this, to improve the condition of Pakistan’s loss-making aviation sector and to attract foreign investment in the country, the command of Islamabad Airport was to be given to a UAE company or institution.
Interestingly, this deal has been canceled a few days after the visit of UAE President Sheikh Mohammed bin Zayed Al Nahyan to New Delhi, which is no less than a shock for Pakistan.
Why was the airport deal cancelled?
According to a report in Pakistan’s newspaper Express Tribune, after initially showing interest, the UAE was unable to identify any local partner to outsource the airport operations, after which the plan was cancelled. Quoting sources, the report also said that Pakistan had sent a final call letter to UAE seeking response on the deal, on which UAE said that it has not been able to confirm any nominated entity yet.
Decision taken after India tour
UAE President Sheikh Mohammed bin Zayed Al Nahyan had come to India for only 2.5 hours on the evening of 19 January. During this, he met with Indian Prime Minister Narendra Modi and signed 9 major agreements including trade and defence. During this, both the countries also set a target of doubling the trade between them to 200 billion dollars by 2032.
Apart from this, UAE has also agreed to promote investment of 100 billion dollars in India. It was also reported in The Economic Times report that during the meeting, PM Modi and Bin Zayed also talked about working towards connecting the micro, small and medium industries of their respective countries and this would be the first such initiative between the two countries.
UAE-India trade
The Comprehensive Economic Partnership Agreement (CEPA) between India and UAE has completed three years on 18 February 2025. After this agreement, which came into effect from May 1, 2022, the transaction of goods between India and UAE has increased from $ 43.3 billion in the financial year 2020-21 to $ 83.7 billion in 2023-24 and to $ 80.5 billion in 2024-25.
Let us tell you that there is a large scale trade of goods between UAE and India. A lot of food items like rice and vegetables, engineering goods, clothes, chemicals etc. are sent from India to UAE. At the same time, crude oil and natural gas, gold, cement, lime, sulfur, diamond etc. are also exported to India from UAE.
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