Pakistan records over 3,300 company registrations in Dubai Chamber of Commerce in 2023

Employees walk to work on the first working Friday in the Gulf Emirate of Dubai, on January 7, 2022. (AFP/File)
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Updated 09 September 2023
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Pakistan records over 3,300 company registrations in Dubai Chamber of Commerce in 2023

  • Business community says the development has opened the entire Middle Eastern market to Pakistani products
  • Pakistan registered the third highest number of companies with the DCC after India and the United Arab Emirates

ISLAMABAD: Over 3,300 Pakistani companies joined the Dubai Chamber of Commerce (DCC) in the first quarter of 2023, confirmed the country’s top diplomat in the United Arab Emirates (UAE) on Friday, adding the development reflected the dynamism of Pakistani businesses and the increasing attractiveness of the UAE as an investment destination.
A total of 30,146 new companies joined the DCC during the first quarter, the chamber said in a statement issued this week. India topped the list with 6,717 new companies, followed by the UAE which registered 4,445 firms. Pakistan ranked third with 3,395 new business entities securing the DCC membership, showing a 59 percent increase from the first quarter of the last year. Overall, the number of Pakistani companies with the DCC has reached 40,315.
A statement quoted Mohammad Ali Rashed Lootah, the DCC president and CEO, as saying that the diversity of nationalities represented among the new companies highlighted the vibrancy of Dubai’s dynamic business environment.
“It is indeed a positive development that underscores the resilience and entrepreneurial potential of the Pakistani business community and diaspora,” Ambassador Faisal Niaz Tirmizi told Arab News over the phone from Abu Dhabi.
He said the development also underscored the strong economic fundamentals of UAE’s economy.
“UAE, under its able leadership, is focused on diversifying its economy through global economic partnerships and will present profitable business opportunities in different sectors in the medium term,” the envoy continued, adding that Dubai was an ideal place from where Pakistan could do business with other Gulf states and the rest of the Middle East.
“During the last year, the number of Pakistani expatriates increased from around 1.6 million to 1.8 million in the Emirates,” he informed while pointing out that Pakistanis were participating in every sector of UAE’s economy.
Tirmizi mentioned that many of those who had arrived in the Gulf country were entrepreneurs, doctors, engineers, bankers, and laborers.
Pakistan’s diplomatic mission facilitated the country’s businesses by maintaining an active liaison with the DCC and sharing new opportunities with the chambers in back home along with members of the Pakistani diaspora.
“In recent years, our trade linkages with the UAE have further expanded, which has encouraged entrepreneurs and businesses based in Pakistan to establish local offices and also register themselves with local chambers,” the ambassador said.
He noted the mission had played its due role in facilitating trade by addressing issues such as the non-tariff barriers.
The embassy also brought several Pakistani firms, belonging to healthcare, food, information technology, tourism and other sectors, to attend trade fairs.
“These events provide entrepreneurs with much needed exposure to markets in the UAE, and many businesses have subsequently established their presence in Dubai,” he added.
Tirmizi said the Pakistani mission had also played its role in fast-tracking a bilateral economic partnership agreement with the UAE which would be signed by the end of September.
“This agreement presents potential opportunities in both goods and services sectors,” he informed. “Businesses, it seems, are positioning themselves to take full advantage of this partnership.”
Speaking to Arab News, Fakhruddin Diwan, chairman of the Pakistan-UAE business council at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), agreed the inclusion of more Pakistani companies in the DCC was a huge achievement.
“With this opening of the UAE market for Pakistani products, we will automatically be able to strengthen our foreign reserves due to an increase in exports,” he told Arab News.
He maintained that Dubai was a hub of international activities and tourism, adding it would also increase the exposure of Pakistani companies to a much wider consumer base across the globe.


Edgbaston Stadium to transform into ‘Fan Park’ for India-Pakistan T20 World Cup clash

Updated 11 sec ago
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Edgbaston Stadium to transform into ‘Fan Park’ for India-Pakistan T20 World Cup clash

  • Edgbaston Stadium to live stream India-Pakistan T20 World Cup clash on June 9 for thousands of fans on a giant screen 
  • Millions across the world are expected to tune in on June 9 to watch cricket’s most fiercest rivalry take centerstage in New York

ISLAMABAD: England’s famous Edgbaston Stadium will transform into a “huge Fan Park” on June 9 where thousands of spectators from India and Pakistan will watch their teams battle it out in New York in a T20 World Cup clash, the Warwickshire County Club said this week. 

The June 9 T20 World Cup clash in New York between arch-rivals India and Pakistan is one of the most anticipated cricket matches this year. Millions are expected to tune in worldwide to watch one of the sports’ fiercest rivalries take centerstage in New York. 

The Edgbaston Stadium, one of the leading venues in world cricket, has been the home of Warwickshire County Cricket Club since 1885. For over 100 years, it has hosted first-class and international cricket in Birmingham. 

Warwickshire County Club announced on Wednesday that over 8,000 fans are expected to gather at the Edgbaston Stadium to catch the action live on a giant screen. 

“For the first time ever the ICC are giving UK fans an opportunity to watch it live from Edgbaston Stadium where the piazza will be turned into a family festival of cricket,” Warwickshire County Club said in a press release. 

“Fans will be able to watch the action on a big screen and enjoy the build-up as comedian and cricket commentator Aatif Nawaz takes to the stage alongside former India and Pakistan players.”

Edgbaston Chief Executive Stuart Cain said the stadium was the only venue in England chosen by the ICC as a T20 World Cup fan zone, terming the development as “amazing.”

“It’s an opportunity for our local communities to really feel part of the T20 World Cup experience and I’m sure it will be a fantastic occasion,” Cain said.

“Pakistan and India fans generated an electric atmosphere here in the 2019 Cricket World Cup and I’ve no doubt we can get close to replicating that in the Fan Zone.”

Apart from watching the match on the large screen with live commentary, fans will also be able to access a large family picnic area with activities including cricket skill challenges and cultural performances from both Indian and Pakistan communities, the press release said. 

“Fan parks are an important part of bringing World Cups to more people across the globe,” ICC’s Head of Events Chris Tetley said. 

“I am sure there will be a great atmosphere on the day and based on previous India and Pakistan matches that have taken place at Edgbaston it will be an occasion not to be missed.”

Gates are scheduled to open for fans at 1:00 p.m. GMT before the live feed of the match starts at 3:0 p.m. GMT.

Fans can buy tickets at t20worldcupfanpark.edgbaston.com.


Pakistan minister praises Saudi king, crown prince for providing ‘excellent facilities’ to Hajj pilgrims

Updated 24 min 23 sec ago
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Pakistan minister praises Saudi king, crown prince for providing ‘excellent facilities’ to Hajj pilgrims

  • Pakistan’s religious affairs minister inspects Hajj 2024 arrangements in Madinah 
  • Over 15,000 Pakistani pilgrims have arrived in Madinah weeks before Hajj kicks off

ISLAMABAD: Pakistan’s religion minister arrived in Madinah on Thursday to inspect Hajj 2024 arrangements, praising Saudi Arabia’s king and Crown Prince Mohammed bin Salman for ensuring “excellent facilities” were provided to pilgrims ahead of the Islamic pilgrimage. 

Chaudhry Salik Hussain, Pakistan’s religious affairs minister, arrived in Jeddah on Wednesday to inspect Hajj 2024 arrangements for Pakistani pilgrims. The Hajj is an annual Islamic pilgrimage to the holy places of worship in Makkah and is obligatory on every Muslim adult who is physically and financially able to make the journey. 

Over 15,000 Pakistani pilgrims have arrived in the holy city of Madinah from various parts of the country in a month-long flight operation that kicked off on May 9. Pilgrims are expected to depart for Makkah on May 17 after completing an eight-day stay in Madinah. 

“We are thankful to the Custodian of the Two Holy Mosques Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman for providing excellent facilities to Hajj pilgrims,” Salik was quoted as saying by Pakistan’s religion ministry. 

Hussain visited the Pakistan Hajj Mission and reviewed arrangements at the complaint management cell there. 

“Timely redressal of complaints of Hajj pilgrims is proof of the system’s success,” Hussain said. 

The minister said he was satisfied that Pakistani pilgrims were provided accommodations near the Prophet’s Mosque in Madinah, describing it as a notable achievement of the Pakistan Hajj Mission. 

Pakistan has a Hajj quota of 179,210 pilgrims this year, of which 63,805 people will perform the pilgrimage under the government scheme, while the rest will use private tour operators.

Pakistan has set up two control rooms, one in Madinah and another at Makkah, to facilitate Hajj pilgrims. This year’s pilgrimage is expected to run from June 14-19. 


Pakistan disaster authority urges caution as heat wave expected in May and June

Updated 55 min 4 sec ago
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Pakistan disaster authority urges caution as heat wave expected in May and June

  • NDMA says temperatures likely to go up to 45 degrees in Sindh and Punjab provinces in May and June
  • Alerts issued for Umerkot, Tharparkar, Tando Allayar, Matiari, Sanghar, Bahawalpur and Rahim Yar Khan 

KARACHI: A heatwave is expected to hit the Pakistani provinces of Sindh and Punjab in May and June, the National Disaster Management Authority (NDMA) said on Thursday, advising citizens in high-risk districts to take precautions. 

Increased exposure to heat, and more heatwaves, have been identified as one of the key impacts of climate change in Pakistan, with people experiencing extreme heat and seeing some of the highest temperatures in the world in recent years. The South Asian country of more than 241 million, one of the ten most vulnerable nations to climate change impacts, has also recently witnessed untimely downpours, flash floods and droughts.

In a statement released on Thursday, the NDMA listed Umerkot, Tharparkar, Tando Allayar, Matiari and Sanghar in Sindh and the Bahawalpur and Rahim Yar Khan districts in Punjab as at risk from heat waves. 

“Temperatures could surge to 40 degrees Celsius from May 15-30,” the statement said. “Similarly, temperatures could rise to 45 degrees Celsius in June.”

People swim in a canal to cool themselves during a hot summer day in Lahore on May 16, 2024. (AFP)

Climate change-induced extreme heat impacts human health in multiple ways. Direct effects of exposure to extreme heat and heatwaves can include heat-related illnesses such as heat cramps, heat exhaustion, heatstroke, and hyperthermia. It can make certain chronic conditions worse, including cardiovascular, respiratory, and cerebrovascular disease and diabetes-related conditions, and can also result in acute incidents, such as hospitalizations due to strokes or renal disease. 

According to the Global Climate Risk Index, nearly 10,000 Pakistanis have died while the country has suffered economic losses worth $3.8 billion due to climate change impacts between 1999 and 2018. A deadly heatwave that hit Pakistan’s largest city of Karachi, the capital of Sindh, claimed 120 lives in 2015.

In 2022, torrential monsoon rains triggered the most devastating floods in Pakistan’s history, killing around 1,700 people and affecting over 33 million, a staggering number close to the population of Canada. Millions of homes, tens of thousands of schools and thousands of kilometers of roads and railways are yet to be rebuilt.


Cricket World Cup coming to New York’s suburbs where sport thrives among immigrants

Updated 16 May 2024
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Cricket World Cup coming to New York’s suburbs where sport thrives among immigrants

  • T20 World Cup in June will be first major international cricket tournament in United States 
  • At first a popular sport in United States of America, cricket largely disappeared after World War I 

EAST MEADOW, N.Y.: A towering stadium boasting 34,000 seats and a precisely trimmed field of soft Kentucky bluegrass is rising in a suburban New York park that will host one of the world’s top cricket tournaments next month.

But on a recent Saturday morning, on the other side of Long Island’s Eisenhower Park, budding young cricketers were already busy batting, bowling and fielding on a makeshift pitch.

The T20 World Cup will be the first major international cricket competition in the US, but the centuries-old English game has been flourishing in the far-flung corners of metro New York for years, fueled by steady waves of South Asian and Caribbean immigration. 

Each spring, parks from the Bronx and Queens to Long Island and New Jersey come alive with recreational leagues hosting weekend competitions.

American cricket organizers hope the June competition will take the sport’s popularity to the next level, providing the kind of lasting boost across generations and cultures that soccer enjoyed when the US hosted its first FIFA World Cup in 1994. 

On Wednesday, retired Olympic sprinter Usain Bolt, an honorary ambassador of the T20 World Cup, visited the nearly complete Eisenhower stadium, along with members of the US cricket squad and former New York football and basketball greats.

Parmanand Sarju, founder of the Long Island Youth Cricket Academy that hosted Saturday’s practice, said he’s “beyond joyful” to see the new stadium rising atop the ball field where his youth academy began, a sign of how far things have come.

“When we started more than a decade ago, there was no understanding of cricket, at least at the youth level,” said the Merrick resident, who started the academy to teach his two American-born children the sport he grew up playing in Guyana in South America. “Now they’re building a stadium here.”

The sport originally took root in the outer boroughs of New York City but has gradually spread as immigrant families, like generations before, moved to the suburbs, transforming communities, said Ahmad Chohan, a Pakistan native who is the president of the New York Police Department’s cricket club, which also plays in Eisenhower as part of a statewide league with roughly 70 teams.

The World Cup, he said, is a “historic moment.”

Cricket is the second most-viewed sport in the world after soccer — India star Virat Kohli has 268 million Instagram followers — but it is only played by more than 200,000 Americans nationwide across more than 400 local leagues, according to USA Cricket, which oversees the men’s national cricket team.

Major League Cricket launched last year in the US with six professional T20 teams, including a New York franchise that, for now, plays some games at a Dallas-area stadium also hosting World Cup matches.

Venu Pisike, the chairman of USA Cricket, believes the T20 World Cup — the first time the US has competed in the tournament — will mark a turning point.

The sport is among those slated for the 2028 summer Olympics in Los Angeles — its first appearance at the games in more than a century, he noted. The International Cricket Council, the sport’s governing body, has also committed to growing the US market.

“Cricket is predominantly viewed as an expat sport, but things will look very different in the next 10, 20 years,” said Pisike. “Americans will definitely change their mindset and approach in terms of developing cricket.”

Both the Los Angeles games and the upcoming World Cup, which the US is co-hosting with the West Indies, will feature a modern variant of the game known as “Twenty20” that lasts around three hours and is highlighted by aggressive batters swinging away for homerun-like “sixes.” 

It’s considered more approachable to casual fans than traditional formats, which can last one to five days when batters typically take a more cautious approach. Twenty20 is the format used in the hugely popular Indian Premier League.

Eisenhower Park will host half the games played in the US, including a headlining clash of cricket titans Pakistan and India on June 9.

Other matches in the 55-game, 20-nation tournament that kicks off June 1 will be played on existing cricket fields in Texas and Florida. Later rounds take place in Antigua, Trinidad and other Caribbean nations, with the final in Barbados on June 29.

Cricket has a long history in the US and New York, in particular.

The sport was played by American troops during the Revolutionary War, and the first international match was held in Manhattan between the city’s St. George’s Cricket Club and Canada in 1844, according to Stephen Holroyd, a Philadelphia-area cricket historian.

As late as 1855, New York newspapers were still devoting more coverage to cricket than baseball, but the sport remained stubbornly insular, with British-only cricket clubs hindering its growth just as baseball was taking off, he said.

By the end of World War I, cricket had largely disappeared — until immigrants from India and other former British colonies helped revive it roughly half a century later.

Anubhav Chopra, a co-founder of the Long Island Premier League, a nearly 15-year-old men’s league that plays in another local park, is among the more than 700,000 Indian Americans in the New York City area — by far the largest community of its kind in the country.

The Babylon resident has never been to a professional cricket match but has tried to share his love for the game he played growing up in New Delhi with his three American children, including his 9-year-old son who takes cricket lessons.

Chopra bought tickets to all nine games taking place at Eisenhower and is taking his wife, kids and grandparents to the June 3 match between Sri Lanka and South Africa.

“For me, cricket is life,” he said. “This as a once-in-a-lifetime opportunity.”

The dense latticework of metal rods and wood sheets that make up Eisenhower’s modular stadium will come down soon after the cup games end, but the cricket field will remain, minus the rectangular surface in the middle known as the pitch.

Nassau County Executive Bruce Blakeman said what’s left lays a “world-class” foundation for local cricket teams — and perhaps a future home for a professional team.


PM calls Azad Kashmir protests ‘worrisome’ as $82 million subsidy doled out to region

Updated 42 min 12 sec ago
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PM calls Azad Kashmir protests ‘worrisome’ as $82 million subsidy doled out to region

  • The prime minister says his government tried to resolve people’s issues quickly, announcing $82 million subsidy
  • The unprecedented protest broke out in the semi-autonomous region due to increase in flour price, power tariffs

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday described the recent protests in Azad Jammu and Kashmir (AJK) as “worrisome,” saying they were carried out by people who were striving for their rights democratically, though there were also elements within them whose sole objective was to destabilize the region.

The prime minister issued the statement during a daylong visit to the picturesque Himalayan territory where he held official meetings and addressed the AJK cabinet meeting in Muzaffarabad. The visit came just a few days after a massive public protest in the region resulted in four fatalities.

The unprecedented protests against price hikes broke out last Friday and spread across the semi-autonomous area under Pakistan’s administration. One police officer was killed while three protesters lost their lives in clashes taking place in different parts of the region.

“Recent days were very worrisome when a movement was going on [in Azad Kashmir],” Sharif said while addressing the AJK cabinet members. “Certainly, among those driving this movement were individuals who, with their legitimate demands, were fulfilling their duty in a democratic manner. However, it cannot be denied that there were some malicious elements whose sole purpose was to cause destruction, loss of human lives and create chaos in Azad Jammu and Kashmir.”

The Jammu Kashmir Joint Awami Action Committee (JAAC), which organized the demonstrations, announced an end to the protests on Tuesday after the Sharif administration approved subsidies to provide relief to people who objected to the increase in flour prices and electricity tariffs.

“We tried to resolve the issue in the best possible way and with urgency by meeting the demands of the people,” the prime minister continued, adding that his government had called a meeting earlier in the week on Monday to announce Rs23 billion ($82 million) to help the people of the region.

“Pakistan instructed the State Bank on 16th [of May] to send Rs23 billion amount to Azad Kashmir,” Sharif said. ” And as I speak to you now today, Rs23 billion have been transferred to Azad Kashmir’s account.” 

“This amount has been transferred to the AJK government today by the State Bank of Pakistan,” he said.

Sharif said the progress of Pakistan was linked with the progress of Kashmir and its people while noting that the two regions would prosper together.

He informed the cabinet that as soon as a visiting International Monetary Fund (IMF) team would leave Pakistan, both the minister and secretary of power division would visit the region to solve the pending issues on a permanent basis so that such protests could be avoided in the future.

Kashmir has been divided between India and Pakistan since their independence from Britain in 1947, with both countries ruling part of the territory, but claiming it in full.

The recent protests in AJK were unprecedented since the area has largely remained peaceful in the past.