Pakistan to pursue preferential trade deals with Saudi Arabia, UAE, Oman: Razak Dawood

Published
29
In this file photo, Commerce Adviser Abdul Razak Dawood addresses the Pakistan-Tajikistan Business Forum in Dushanbe on Sep 16, 2021. Picture credit: Abdul Razak Dawood/Twitter
In this file photo, Commerce Adviser Abdul Razak Dawood addresses the Pakistan-Tajikistan Business Forum in Dushanbe on Sep 16, 2021. Picture credit: Abdul Razak Dawood/Twitter

Pakistan will pursue individual trade deals with Saudi Arabia, the United Arab Emirates and Oman, Adviser to the Prime Minister on Commerce Abdul Razak Dawood said on Sunday, as talks with the Gulf Cooperation Council (GCC) remain stalled.

The GCC, which includes those three countries plus Qatar, Kuwait and Bahrain, started free trade talks with Pakistan in 2004. It has not implemented a free trade deal since 2015.

Dawood told Reuters that Pakistan hoped bilateral negotiations for preferential trade deals with the three Gulf Arab states would start in the next 6-12 months.

“We feel it is far better to do individual (deals) at the moment rather than with the GCC as a bloc,” he said in Dubai.

A preferential trade deal typically gives certain products preferential access such as by reducing or removing tariffs.

Dawood said the negotiations would cover a limited number of goods and would not be as comprehensive as a free trade agreement, though over time the deals if secured, could be expanded.

He did not say which goods Pakistan would seek to include.

The UAE announced this month it would seek broad economic agreements covering trade and investments with eight countries, including India, Britain and Turkey, but not Pakistan.

Also read: FM Qureshi, UAE counterpart discuss bilateral ties, upcoming Dubai Expo 2020

Saudi, Emirati and Omani officials could not be immediately reached for comment on the PM's adviser's remarks.

Dawood is in Dubai to assess preparations for Pakistan's participation at the six month Expo world fair being held there from next month.

He said Pakistan would highlight safety and diversity at Expo, which he hoped would lead to an increase in tourists and investments in the South Asian nation.

This month, New Zealand's cricket team pulled out of an upcoming tour of Pakistan over security concerns.

“We were not expecting something like this to happen and that is the type of perception that we have to overcome,” Dawood said.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kashmir unresolved
Updated 30 Sep, 2026

Kashmir unresolved

The just solution lies in India addressing the issue through a trilateral dialogue involving the legitimate representatives of the Kashmiri people and Pakistan.
Water shortage
30 Sep, 2026

Water shortage

THAT the country is entering the Rabi season with an anticipated water shortage of nearly 25pc, the lowest carryover...
Young hearts
30 Sep, 2026

Young hearts

THE observance may have passed, but the message of World Heart Day should not fade with it. The occasion is a useful...
Terror and politics
Updated 29 Sep, 2026

Terror and politics

There is an urgent need to tone down the rhetoric and tackle terrorism as a collective challenge for both the affected provinces and the federation.
Watching the glaciers
29 Sep, 2026

Watching the glaciers

THE latest signs from Pakistan’s mountains are worrying. Suparco says the number of unfrozen glacial lakes it...
Dangerous agenda
29 Sep, 2026

Dangerous agenda

AS the world remains fixated on the US-Iran conflict, elsewhere in the Middle East, Israel is consolidating its grip...