Pakistan and Maldives target USD200m trade in two years
Prime Minister Shehbaz Sharif and President Mohamed Muizzu agreed on Wednesday to raise bilateral trade between Pakistan and the Maldives to USD200 million within two years.
Leaders sign multiple agreements
The two sides signed 20 memoranda of understanding covering sectors such as information technology, artificial intelligence, cybersecurity, health, education and defence. These documents also include arrangements for maritime security, agriculture, fisheries, tourism and private-sector partnerships. Both leaders emphasised the need to improve air and maritime connectivity while convening a joint economic commission.
Focus on emerging technologies
The agreements specifically address cooperation in emerging technologies, digital skills and innovation alongside arrangements to combat illicit trafficking. A separate MoU was signed between the Drug Regulatory Authority and the Maldives Food and Drug Authority for pharmaceutical cooperation. The deal also provides for healthcare cooperation and the recruitment of medical professionals.
Current trade levels noted
Officials stated that current bilateral trade stands at USD13.4 million before the new targets take effect. The discussions took place during a visit by President Muizzu to Islamabad on Wednesday.
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