Abu Dhabi Chamber in Cooperation with Ministry of Economy and Pakistan Business Professional Council Organize a Webinar on Latest Updates on UAE Economy 2021 and New FDI Law: 100% Foreign Ownership

The Abu Dhabi Chamber of Commerce and Industry, in cooperation with the Pakistan Business Professional Council in Abu Dhabi and the UAE Ministry of Economy, has organized a webinar on the “Latest Updates on UAE Economy 2021 and New FDI Law:%100 Foreign Ownership”.

The webinar presented a general overview of the UAE Economy in 2021, and the new FDI regulations allowing for 100% ownership to foreign companies and investors.

More than 350 officials, companies, and interested individuals operating in diverse economic sectors attended the virtual seminar.
In his opening speech, His Excellency Mohamed Helal Al Mheiri, Director General of the Abu Dhabi Chamber, said that the decree that was issued by His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, in November 2020 amended the restrictions on foreign ownership within the Companies Law in the United Arab Emirates. “The newly issued decree amended the pertinent provisions of the UAE Federal Law No. 2 of 2015 on Commercial Companies, and supersedes the UAE Federal Law No. 19 of 2018 on Foreign Direct Investment (or the “FDI Law”),” he said.

H.E. Al Mheiri pointed to some of the important regulatory changes, which include: a cancellation of the requirement for commercial companies to have a majority Emirati shareholder or agent; and allowing full foreign ownership of onshore companies in certain commercial activities in accordance with the policies set by the UAE Cabinet. another change stated that where an existing company is converted into a public joint-stock company, it can sell up to 70% of its shares in the related public offering (up from the previous 30%).

The Government’s Efforts

“We are already on track to achieve this, with more than 50% of the population by the first quarter of 2021. The UAE is leading the Arab region in the COVID-19 Economic Recovery Index issued by the Horizon Research Group and occupies advanced positions and rankings in all other international competitive indexes.

The UAE government’s several economic support plans and increased public spending, as well as the wide availability of COVID vaccines, leads us to hope for a strong economic rebound in 2021 and beyond,” he remarked.

Al Mheiri added that since the Abu Dhabi Chamber is the voice of the private sector, it is continuously taking steps to support businesses to achieve sustainable economic growth through education, support programs and working closely with both the private sector and government to support innovative ideas and solutions.

Forward-Looking Approach

For his part, His Excellency, Juma Mohammed Al Kait, Assistant Undersecretary for International Trade Affairs at Ministry of Economy, emphasized that the country’s leading position in the global economy did not happen overnight, noting that it is the product of the far-sighted vision of our forefathers.

“The country has reached phenomenal economic milestones since its inception 50 years ago, thanks to the forward-looking approach of a leadership that has remained constant in fulfilling a united vision for the nation,” he reiterated.

H.E. Al Kait added that this webinar, which is organized by the Abu Dhabi Chamber, highlights the UAE’s economic programmes and its plans for the post-COVID-19 era.

”The efforts to reduce dependence on oil and gas income have been strategically pursued with the intent to broadly diversify the national economy to be an innovative and competitive ecosystem that focusses on international trade, banking and finance, tourism, real estate, manufacturing, and technology,” he said.

He stressed that the UAE government “is continuously involving the local and international private sectors to participate in economic activities by forming new laws and regulations focused on achieving sustainable development, putting in place a fit infrastructure to make the country a conducive environment to do business and by constantly enhancing the business environment in line with global trends.”

The Assistant Undersecretary pointed out that it is a natural course of the economy to grow as more people come together and do business, and it is one of the aspects that made the UAE an attractive destination to investors. “Today, a total of 300,000 companies are operating in the UAE in the form of public and private joint-stock companies and companies with limited liability, and a sole proprietorship, to name a few,” he remarked.

“The full-speed efforts and cooperation of both the public and private sectors in investment promotion programmes over the years have helped increase the levels of FDIs in the country, which further strengthened the economy’s resilience when headwinds such as the pandemic hit the country.

From 2017 to 2019, the value of FDIs in the country had reached USD 35 billion. In fact, the UAE was the second largest recipient of FDI flows in West Asia after Israel.”

Law Amendments

Concerning law amendments, Al Kait stated that the most recent amendments to the UAE’s Commercial Companies’ Law represent a major turning point. The amendment to the Commercial Companies Law revokes the country’s FDI law to allow instead 100% ownership of onshore commercial companies by foreign nationals within the country (except in strategic sectors); and establishes a new committee to propose activities of strategic impact.

In addition, These amendments will bring about enormous economic benefits, which can be summed up in: stimulating local production, boosting competitiveness, promoting innovation and efficiency, as well as advancing the business and investment climates.

“The amendments to the Commercial Companies Law are a statement that the UAE has a fertile legislative environment for establishing businesses and projects and are poised to promote an open business climate and attract a host of valuable investments; a significant transformation to the country’s economic model,” Al Kait added.

“With all these efforts in the backdrop, the UAE economy is fully geared to achieve its 2071 vision with a proactive spirit and engagement. We continue to adopt agility as an important guide to address challenges and maintain the gains we have achieved in the past 50 years. We are marching ahead to turn the pages of our history with an outlook of a future economy that is sustainable, resilient, and competitive and that is based on knowledge and innovation,” he concluded.

For his part, Dr. Syed Qaiser Anis, President of Pakistan Business Professional Council in Abu Dhabi, praised the role Abu Dhabi Chamber plays in supporting local businesses and activating the role of the private sector, extending his praise to the Ministry of Economy for its efforts in this regard.

Dr. Anis started his speech by expressing his thanks and appreciation to His Highness Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE, as well as His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai; His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and all the Rulers and the UAE Government for their initiatives to combat the COVID-19 crisis.

“In response to the global impact of COVID-19 and its pressures on the international business landscape, including here in the United Arab Emirates, a multi-nation group of business councils and chambers based in Abu Dhabi and Dubai have joined forces to engage with the UAE government and work collectively to ensure business continuity in the UAE,” Dr. Anis said.

He added, “The Business Continuity Task Force is a single window of communications between the multi-nation business community and the UAE government. We bring together members of the UAE business community through their respective business councils and enable them to collaborate on a joint task force aimed at streamlining communication and deliverables to the relevant authorities. We currently represent 31 Business Councils and 6,500 companies in the UAE.”

“According to the World Tourism Organization, the UAE is currently one of the ten fastest-growing tourist destinations in the world. As a result, these have been able to attract investment into the country, thus the Foreign Direct Investment (FDI) increased.”

Dr. Anis emphasized that the UAE is now on the track to bounce back economically, noting that the UAE economy is expected to begin recovery to pre-COVID-19 levels this year, 2021, especially that the FDI Law on 100% Foreign Ownership has been amended to further attract investments. “Foreign Nationals now can own 100% of companies within the onshore jurisdiction of the UAE, which previously required 51% Emirati ownership to do business outside of UAE free zones,” he added.

“This remarkable development is expected to further enhance the UAE’s position as the Gulf’s premier business hub and a stronger magnet for foreign capital and investment. The move is expected to support the continued growth of the UAE as it becomes a more robust, vibrant, and diverse economy and place to do business.”

“And, in the next 50 years – 2071, the UAE will become the first in the world in global indicators for well-being, happiness and quality of life,” Dr. Anis said.

SOURCE

© 2021 Abu Dhabi Chamber


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Press Release

“Webinar on Digital Onboarding of Investors”
Abu Dhabi, UAE – The Pakistan Business Professional Council (PBPC) Abu Dhabi and Embassy of Pakistan UAE organized a webinar in collaboration with Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange (PSX), National Clearing Company of Pakistan Ltd (NCCPL) and Central Depository Company (CDC) of Pakistan. The webinar took place on Wednesday, 3rd February 2021 highlighted on the SECP’s Digital Onboarding of Investors.
Dr. S. Qaiser Anis, PBPC Abu Dhabi President

Dr. S. Qaiser Anis, President of Pakistan Business Professional Council Abu Dhabi and moderator of the webinar, opened by welcoming and thanking the participants and speakers for attending.

The objective of the webinar was for the awareness of the SECP’s approved framework to enable all Pakistani resident and non-resident investors to open online accounts in the capital market.

The webinar started with the recitation of verses form the Holy Quran by Mr. Mohd. Iqbal Nasim.

The webinar was honored by the presence of the new Ambassador of Pakistan to the UAE, H.E. Afzaal Mahmood.

The Ambassador, H.E. Afzaal Mahmood expressed his appreciation to the Council for this initiative together with the premiere organizations of Pakistan, SECOP, PSX, NCCPL, and CDC, who participated in the webinar. His Excellency mentioned that trade and investment are important, and will be focusing on trade and investment, increasing export to UAE, attracting investment in Pakistan, and enhancing the remittances.

Mr. Aamir Khan, SECP Chairman addressed the webinar and appreciated the council for its valuable efforts in facilitating the business community and promoting the good image of Pakistan.

He mentioned that the vital role of the Non-Resident Pakistani is undeniable, as their remittances alone provide a vital source of foreign exchange is essential for the stability and growth of the economy.

The enablement of the digital onboarding of investors is indeed a landmark development. As it enables investors to commence trading swiftly and efficiently.

He also presented the Key Reform Areas of the SECP – Access to Finance, Ease of Doing Business, Transparency, and Market Development.

And, a presentation on the transformational measures for non-resident Pakistanis. A linkage through State Bank of Pakistan’s Roshan Digital Account, a digital account opening process for investment in the stock market. The Digital onboarding of Customers on the stock market, an online account opening with brokers with no physical interaction required. The Digital Onboarding of Investors of Mutual Funds, Digital Certificates on Incorporation, and the transformation of dividend disbursement, there is also the transformational measure for the non-resident Pakistanis.

The Chief Executive Officer and Managing Director of Pakistan Stock Exchange (PSX), Mr. Farrukh Khan gave a detailed presentation on how to invest in the Pakistan stock market to the participants.

He added that PSX plays a vital role in the Pakistan Economy – it channels domestic savings and foreign capital to Pakistan’s economy by providing capital to companies to finance their growth, invest in new projects, and increase the country’s exports.

And in the end, he mentioned that many folds have increased in the Capital market and there are 531 listed in the Capital Market.

The CEO of the NCCPL, Mr. Muhammad Lukman briefly explained their role as the Central Counter Party for the capital market. They have implemented several developments during the year which include the capital market marginalizing and revamping.

He added, the NCCPL is engaged in the business of clearing and settlement of securities through the National Clearing and Settlement System.

A detailed presentation by Mr. Lukman on how easy and convenient it on opening a digital account. For more information, you can visit www.nccpl.com.pk.

Mr. Shariq Nadeem, Head of the Product Development and Marketing of the Central Depository Company of Pakistan Limited, stated the remarkable steps taken by the State Bank of Pakistan to facilitate Overseas Pakistanis. Similarly, allowing NRPs to invest in Stock Market through Roshan Digital Account is further facilitation for NRPs which is the result of SECP’s vision to create ease of doing business for investors. He applauded the collaborative efforts of both SECP and SBP through which this important milestone was achieved.

In closing, Dr. A. Hadi Shahid, PBPC Abu Dhabi Founding Member thanks the Ambassador of Pakistan to the UAE, H.E. Afzaal Mahmood, and all the speakers for participating in this mission of the council to serve the community and Pakistan.

The webinar was attended by prominent Pakistani community members and representatives of leading community organizations and businesses hailing from Abu Dhabi, Dubai, as well as various parts of the emirates, and from other GCC countries, as well as, to  Europe, UK, Canada, and USA.


President’s Message on the occasion of the New Year

Dear PBPC Members and Friends, 

On behalf of the Pakistan Business Professional Council (PBPC) Abu Dhabi, I would like to thank the Executive Board, all members, and staff for being part of this Council, everyone contributed, how great or small, we share a love for this council. I appreciate your continued support and dedication, which have an integral to PBPC Abu Dhabi’s progress and success

2020 will be a year seared in all our memories. It’s been a year and continuously gives an impact on our lives, our communities, and our nation in ways none of us could ever imagine.

The COVID-19 pandemic has brought so many changes and challenges. It has changed the world and style of living and working.

As PBPC Abu Dhabi President, I am proud of the work done by the Council during the year 2020. We have continued with our activities and events, using technology and its platform to connect with members, other business councils, and Government entities. The council went beyond the border interacting with the Pakistan Government, organizations, and community in GCC, Pakistan, UK, Canada, USA and other countries, with the guidance and support of the Pakistan Embassy and the Abu Dhabi Chamber of Commerce & Industry

I wanted to take a moment to send an update about the Council and share with you some of the various events we have made this year – 15 PBPC Events, 22 business meetings, & 42 Joint Business Group event/webinars, and also some assurance that we are focused on achieving our objectives to empower each other, and our community during this time of crisis. We have kept our website up to date with the latest news on safety & health and business issues through our help desk.

PBPC Abu Dhabi will keep striving to strengthen this organization. The pandemic has shown that – by working together, whether onsite or remotely – we can achieve and develop a lasting relationship with the community and continue building momentum with a program that would achieve the council’s objectives.

Along with all the new hopes and promises that the New Year would bring. Hope it also brings us a lot more opportunities to work together. Wish you and your family

A Great and Prosperous HAPPY NEW YEAR 2021. Stay Safe, Stay Alert & follow the SOPs.

As always, we like to look back and remember those nice moments that we shared.


Dr. S. Qaiser Anis

President


Abu Dhabi, UAE – The Pakistan Business Professional Council (PBPC) Abu Dhabi in continuation to raise awareness among overseas Pakistanis about  Roshan Digital Account in Pakistan organized another webinar in collaboration with Pakistan Embassy UAE and State Bank of Pakistan (SBP) on 25 November 2020.

The event arranged in line with the policy of the Government of Pakistan to facilitate the citizens abroad and financially connect them to Pakistan’s banking channel through the easiest and befitting manner. It was attended by senior officials of SBP, the President & CEOs of major Banks in Pakistan, and Pakistani community members across the UAE region.

Dr. S. Qaiser Anis, President of Pakistan Business Professional Council Abu Dhabi and moderator of the webinar, opened by welcoming and thanking the participants and speakers for attending.

Charge d’ Affaires, Mr. Imtiaz Feroz Gondal, Charge d’ Affaires of Pakistan Embassy UAE,  appreciated the initiative of PBPC Abu Dhabi for organizing and arranging the webinar for the benefit of more than a million overseas Pakistanis living in UAE in particular and the GCC countries at large.

Dr. Murtaza Syed, Deputy Governor SBP, the guest of honor in his remarks thanked the Council for organizing another webinar to promote the new era on banking in Pakistan for overseas Pakistani through the Roshan Digital Account (RDA). He briefed the participants on the current update in the result of the RDA since it was launched a few months back and highlighting the salient aspects of the Government’s initiatives.

The webinar was participated by the President & CEO of Habib Bank Limited, Faysal Bank, MCB Bank Limited, Meezan Bank Limited, Samba Bank Limited, and United Bank Limited. Each of them was speaking about the uniques features of RDA, its offers and benefits

The State Bank team and community members applauded the Council’s efforts to arrange the event to have another first-hand information of the RDA and interaction among the participated major banks in Pakistan. The presentations were followed by the questions and answer session by the community members. The event was broadcasted live on Council’s Facebook page and viewed by hundreds of overseas Pakistanis, as well.


Abu Dhabi, UAE – Pakistan Business Professional Council Abu Dhabi holds its 15th Annual General Meeting held on remotely via video conference on 21st October 202.

The Annual General Meeting started with a recitation of verses from the Holy Quran. The opening remarks were given by Mr. Zafar Iqbal Chaudhry, Founding Member and the Chair of the AGM. President Dr. S. Qaiser Anis reported the Council’s accomplishments and overview of the significant events with more than 55 events over the last 12 months, including 16 corporate/business interactions with the Abu Dhabi Chamber of Commerce, Government of Abu Dhabi Officials, Local Departments, other 30+ Business Councils, members and the community at large. Following his report, VP Legal & Coordinator Mr. Khalid Bashir, VP Programme Mr. Mohd. Iqbal Nasim and  VP Membership – Dr. Muhammad Farhan delivered their reports. The Audited Finance Statement of the Council by VP Finance Mr. Ammar A. Sheikh including Auditors Reports which was approved.

Dr. S. Qaiser Anis appreciated to all the Executive Board of Directors 2018-2020 term and all the members who contributed their time and efforts to the programs, and for their continued support for the council.

He also thanked the President of UAE and Ruler of Abu Dhabi H.H. Sheikh Khalifa bin Zayed Al Nahyan, the Prime Minister of UAE H.H. Mohammed bin Rashid Al Maktoum, the Crown Prince H.H. Sheikh Mohammed bin Zayed bin Sultan Al Nahyan and our Patron-in-Chief H.H. Sheikh Nahyan bin Mubarak Al Nahyan, Ministry of Culture, Youth, and Social Development for their kind patronage and support to the Pakistani community.

He also highly appreciated the contributions of the Honorary members and former Chairmen for continued support to the council – H.E. Maj. Gen. (RTD) Salim Ullah, H.E. (RTD) Air Marshall Syed Qaiser Hussain, H.E. Khurshid Junejo, H.E. Jamil Ahmed Khan, H.E. Ahsan Ullah Khan, H.E. Asif Durrani, H.E. Moazzam Ahmad Khan and H.E. Ghulam Dastgir.

Moreover, he made a special thanks to the Abu Dhabi Chamber of Commerce, whose support is always available, to the government entities that the council worked and supported our events – Ministry of Economy, Abu Dhabi Stock Exchange, Department of Economic Development and to the State Bank of Pakistan for the recent webinar the council organized.

The Coordinator of the Nominating Committee Mr. Inamul Haq Khan announced the election of the Executive Board 2020-2022 voted by the members of the general body.

The new PBPC Abu Dhabi Executive Board to lead out the council for the two-year term 2020-2020 are:

President: Dr. S. Qaiser Anis
Executive Vice President: Mr. Khan Zaman
VP Legal & Coordination: Mr. Badaruzzaman Ahmad
VP Finance: Mr. Muhammad Fahd
VP Membership: Dr. Muhammad Farhan
VP Programme: Mr. Mohd. Iqbal Nasim
VP Communication & Information: Mr. Muhammad Sohail Khokar
Board Member: Engr. Mohd. Ajmal Sheikh


Abu Dhabi, UAE – The Pakistan Business Professional Council (PBPC) Abu Dhabi organized a webinar in collaboration with the Embassy of Pakistan UAE and State Bank of Pakistan on Thursday, 15th October 2020, and highlighted Pakistan’s first presence-less account opening through the Roshan Digital Account

Dr. S. Qaiser Anis, President Pakistan Business Professional Council Abu Dhabi

Dr. S. Qaiser Anis, President of Pakistan Business Professional Council Abu Dhabi and moderator of the webinar, opened by welcoming and thanking the participants and speakers for attending.

“The Council supports the Roshan Digital Account and this will be a revolution in remittance of the fund from the overseas Pakistanis. A good percentage of increase and by opening and maintaining the bank account resulting billions of US dollars or in foreign currencies in the overseas bank account in 8 designated banks. And also, will create awareness on the State Bank of Pakistan’s initiative Roshan Digital Account. This move by the Government of Pakistan is very beneficial for all Overseas Pakistanis”, said Dr. S. Qaiser Anis

 

Mr. Imtiaz Feroz Gondal, Charge d’ Affaires, Pakistan Embassy UAE

Mr. Imtiaz Feroz Gondal, Charge d’ Affaires of Pakistan Embassy UAE,  appreciated the initiative of PBPC Abu Dhabi for organizing and arranging the webinar for the benefit of more than a million overseas Pakistanis living in UAE in particular and the GCC countries at large.

That Prime Minister Imran and his government have been focusing to facilitate overseas Pakistanis and resolved their issues. Foreign Minister Shah Mahmood Qureshi has also focused to provide facilitation to overseas Pakistanis. He is also leading the efforts for increasing our outreach on economic diplomacy and to attract investment from overseas Pakistanis

The State Bank of Pakistan’s arrangements for such an initiative certainly will provide comfort and ease of remittances and operating the accounts in multiple currencies and they can do this digitally which is the need of the hour.

He appreciated that this is the dynamic action taken by the government of Pakistan and this eliminates the hawala business and it is comfort Pakistanis used to have in operating their account because of the various legal requirements of the presence in the country wherever the account holder is operated.

 

Mr. Syed Irfan Ali, Executive Director, State Bank of Pakistan

Mr. Syed Irfan Ali, Executive Director of State Bank of Pakistan said that overseas Pakistanis have opened Roshan Digital Accounts across 61 countries and most of them were from UAE and Saudi Arabi because a large chunk of the country’s diaspora works in these Gulf nations.

He added that the government subsidizes the cost of remittances for overseas Pakistanis, spending around Rd15 Billion (Dhs34 million). To encourage the non-resident Pakistanis to remit more through legal channels, the government has also obtained a fatwa (religious decree) that the Hawala system is not halal.

 

Mr. Arshad M. Bhatti, Director of Exchange Policy Department (EDP), State Bank of Pakistan
presented the Roshan Digital Account

 

The Director of Exchange Policy Department (EDP) of the State Bank of Pakistan, Mr. Arshad M. Bhatti, gave a detailed presentation on the Roshan Digital Accounts to the participants. And that, for the first time in Pakistan’s banking history, Non-resident Pakistan’s have been provided an opportunity to remotely open bank accounts in Pakistan entirely through digital means without visiting a bank in Pakistan or an Embassy or a Consulate office. The facility has been initially launched through 8 Pakistani banks. SBP would continue to add other banks to the list in the future.

Mr. Zulfikar Khokar, Head of Pakistan Remittance Initiative (PRI), State Bank of Pakistan
presented the Initiatives taken by SPB/ Gov’t of Pakistan to promote worker’s remittances

 

Elaborating the efforts of SBP for facilitating overseas Pakistanis, Mr. Zulfikar Khokhar, Head of the Pakistan Remittance Initiative (PRI) presented SBP’s facilitation of home remittances and its benefits to the remittee.

He also announced the future initiatives of SBP that would provide Enhanced International engagement with Pakistan diaspora through Pakistan Embassies and consulates, the use of the latest technology to make remittances, faster, cheaper, accessible, and transparent, and other initiatives that would benefit the non-resident Pakistanis.

The webinar has a question and answers session where many questions were answered by the speakers from the State Bank of Pakistan, then and there, and if there are further questions they encouraged to visiting the website http://www.sbp.org.pk.

In closing, Dr. Qaiser Anis thanks the Charge d’ Affaires and all the speakers for participating in this mission of the council to serve the community and Pakistan.

The webinar was attended by prominent Pakistani community members and representatives of leading community organizations and businesses hailing from Abu Dhabi, Dubai, as well as various parts of the emirates, and from other GCC countries.

 


Abu Dhabi, UAE – The Pakistan Business Professional Council (PBPC) Abu Dhabi organized a virtual get-together in celebration of Pakistan Independence Day on August 26, 2020.

 

The virtual event has participated by the current and former Ambassadors of Pakistan to the UAE & Honorary Members of the Council, H.E. Ghulam Dastgir, H.E. Ahsan Ullah Khan and H.E. Jamil Ahmed Khan. In addition, Mr. Mahesh Kumar, Director of Overseas Pakistanis Foundation (OPF) Islamabad, and Mr. Khalid Mahmood, Member of Parliament of the United Kingdom join the event.

During his welcome remarks, Dr. S. Qaiser Anis, PBPC Abu Dhabi President welcomed and acknowledged the former Ambassadors and the Council’s Honorary Members for their presence, as well as the distinguished guests, the Council’s members, and friends across the world.

Dr. S. Qaiser Anis, PBPC Abu Dhabi President

In his remarks, Ambassador H.E. Ghulam Dastgir spoke on how he appreciates the Council’s effort in this difficult time to host this auspicious event – Pakistan Independence Day. He also added that PBPC Abu Dhabi should continue to play in promoting trade and commerce to strengthen the relationship between the two countries, Pakistan and UAE.

Ambassador Ahsan Ullah-Khan commented, “The Pakistan Business Professional Council is a key player in this process of promotion and development. A pivot for the establishment of cordial trade relationships between our country and the world. I am certain that you will plan and work for the betterment of Pakistan and our community here, individually and collectively.

Ambassador Jamil Ahmed Khan commended the Council for a magnificent initiative to hold the virtual celebration of the Pakistan Independence Day.

(Left to Right) H.E. Ghulam Dastgir, Ambassador of Pakistan to the UAE,

Ambassador Ahsan Ullah-Khan, Ambassador Jamil Ahmed Khan

The Director of Overseas Pakistanis Foundation (OPF) Islamabad, Mr. Mahesh Kumar also gave his message to the participants. Followed by the Member of Parliament of the United Kingdom, Mr. Khalid Mahmood.

Dr. Tariq Nizami, Founder & CEO of the CEO Clubs Network announced that they will launch a CEO Clubs Network in Pakistan this year. This will be a great opportunity for Foreign Investment to come to Pakistan.

Mr. M. Iqbal Dawood, Pakistan Business Council Dubai President, and Mr. Riaz Malik, former Executive Vice-President of PBPC Abu Dhabi also conveyed their felicitations on the occasion of Pakistan Independence Day.

(Top) Mr. Mahesh Kumar, Director, OPF Islamabad, Mr. Khalid Mahmood, Member of Parliament of the United Kingdom. (Below) Dr. Tariq Nizami, Founder & CEO of The CEO Clubs Network, Mr. M. Iqbal Dawood, President Pakistan Business Council Dubai and Mr. Riaz Malik, Past Executive VP PBPC Abu Dhabi

 

Mr. M. Iqbal Dawood, Pakistan Business Council Dubai President, and Mr. Riaz Malik, former Executive Vice-President of PBPC Abu Dhabi also conveyed their felicitations on the occasion of Pakistan Independence Day.

The virtual event concluded with a word of thanks by Mr. Mohd. Iqbal Nasim, VP Programme of Pakistan Business Professional Council Abu Dhabi.

Dr. A. Hadi Shahid, Founding Member PBPC Abu Dhabi, moderated the whole duration of the event.

Mr. Mohd. Iqbal Nasim, VP Programme PBPC Abu Dhabi and

Dr. A. Hadi Shahid, Founding Member, PBPC Abu Dhabi

 

With more than 45 attendees participated and join to celebrate with the Council’s virtual get-together for Pakistan Independence Day. A one-of-a-kind initiative with a wonderful collection of distinguished participants from across the globe.

The PBPC Abu Dhabi will continue to uphold the council’s objectives – using its platform and presence in the region to support its members during the pandemic.


Abu Dhabi, UAE – The Pakistan Business Professional Council Abu Dhabi organized the virtual 15th International Urdu Mushaira 2020.

Now in its 15th year, Mushaira 2020 is in honor of the works of the legendary poets, Himayat Ali Shair and Rahat Indori.

In this edition, poets from Pakistan, Canada, Australia, India, and other countries presented Urdu poetry in all its scintillating rang-o-aahang styles and genres. Showcased the richness and diversity of contemporary Urdu verse.

L-R: (first row) Ms. Seema Ghfal, Mr. Mohd. Iqbal Nasim, Dr. S. Qaiser Anis, Dr. Asim Wasti, Mr. Zahoorul Islam (second row) Dr. A. Hadi Shahid, Dr. Kalim Qaiser, Mr. Afzal Khan, Mr. Akhtar Shad, Mr. Shakeel Jazib (third row) Mr. Khalid Aziz, Mr. Syed Tabish, Mr. Syed Jalaluddin Azimbadi, Mr. Auj-E- Kamal, Mr. Irfan Mustaza

The event was virtually attended by Dr. S. Qaiser Anis, President of Pakistan Business Professional Council, Dr. A. Hadi Shahid, Founding Member of Pakistan Business Professional Council, Mr. Mohd. Iqbal Nasim, VP Program PBPC Abu Dhabi. Together with the members of the PBPC Abu Dhabi Executive Board, Mr. Nayyer Hamed, Dr. Muhammad Farhan, Mr. Khalid Bashir, Mr, Ammar Sheikh, and Engr. Mohd. Ajmal Sheikh.

The dazzling poets’ list of the evening comprised – Mr. Zahoorul-Ul Islam, Mr. Auj-E- Kamal, Mr. Tabish Zaidi, Mr. Jalal Zaeem Abdi, Dr. Asim Wasti, Mr. Ashraf Shad, Mr. Abbas Tabish, Mr. Shakeel Jazib, Dr. Kalim Qaiser, Ms. Seema Ghazal, Mr. Afzal Aziz, Mr. Khalid Aziz, Mr. Irfan Murtaza, and Ms. Tasneem Abidi.

PBPC Abu Dhabi aims to support and continue the long-standing tradition of promoting the Urdu language and culture in the region.


In the continuity of the tradition to pay homage during Ramadan to the late H.H. Sheikh Zayed Bin Sultan Al Nahyan the first President of the UAE and Father of the Nation, a great friend of Pakistan, on his 16th death anniversary, the Pakistan Business Professional Council (PBPC) Abu Dhabi, working under Abu Dhabi Chamber of
Commerce & Industry, organized a virtual fateha prayer and remembrance on 19 May 2020.

The prayer was joined by members of the PBPC Abu Dhabi and President/Chairman, Directors of all business councils in the Emirate of Abu Dhabi. Dr. S. Qaiser Anis, PBPC Abu Dhabi President thanked all the participating business councils for taking time to offer prayer and their statement.

Ms. Ellecia Saffron – Australian Business Group
Mr. Nick Cochrane-Deyt – British Business Group
Mr. Dhia Hussain – Canadian Business Council
Ms. Gulizar Jonian – International Business Women’s Group
Mr. Dhia Al Shakarchi – Iraqi Business Council
Ms. Noeleen Saeed – Irish Business Council
Mr. Rajiv Shah – Indian Business & Professional Group
Mr. Mohamed Sayel Al Maiitah – Jordanian Business Council
Engr. Saleh Awad, Mr. Muhammad Arikat & Mr. Fadel Al Jabi – Palestinian Business Council
Dr. Wael Suleiman – Polish Business Council
Dr. Kassem Alom – Syrian Business Council
Ms. Charoline Engel – Swiss Business Council
Mr. Moncef Ben Hamida – Tunisian Business Council

May Allah accept our prayers for Sheikh Zayed that his soul be placed in heaven
(Jannatul Firdous) and for the prosperity and well-being of UAE, the President of UAE,
Crown Prince of Abu Dhabi, the nation and all its residents.

It is an annual event of the Council that had been religiously practiced every anniversary. The PBPC delegates offered fateha in a tribute to the soul of late H.H. Sheikh Zayed. The delegation commended the efforts of late Sheikh Zayed’s support for the brotherly relation of UAE and Pakistan. The recollection of the late Sheikh’s unique abilities and his sensible and incomparable personality, which was a spirit of patience and affection that built bridges of friendship and cooperation between UAE and Pakistan had been reminisced. These policies are being continued by His Highness Shiekh Khalifa Bin Zayed Al Nahyan.


SHARJAH: AN INNOVATIVE ECOSYSTEM

The 2nd Business Councils Tour organized by the Sharjah Chamber of Commerce & Industry was held on 02 March 2020 at SCCI.

Tour Program:
~ Expo Centre Sharjah
~ Sharjah Investor Service Centre (Saeed)
~ Sharjah Research Technology and Innovation Park